Pros-entertaining rags to riches story
-general overview of internet marketing
-some interesting motivational points
-general overview of real estate
Cons- no specific techniques to leave the rat race
Full ReviewThe full title of this book is The Unemployed Millionaire | Escape the Rat Race, Fire Your Boss, and Live Life on YOUR Terms! by Matt Morris with foreword by Les Brown. With a title like that who wouldn't pick up this book? If it sounds like the opening to an infomercial that sounds to good to be true, that's because it is.
The book is broken down into three parts. The first part covers the prerequisite author's true life story of how he became an "unemployed millionaire". The second part, which encompasses much of the book, is motivational talk. The third part discusses techniques one could use to fulfill the title's lofty promise.
The author's story is one of sorrow and triumph. He was homeless, sleeping in his car and wondering where his next meal would come from. Then he started studying motivational speakers (i.e. Tony Robbins) and decided to change his life! He made enough money by age 29 to become unemployed. Thus he had become an "unemployed millionaire". He doesn't go into any detail on how he got there, but he is big into network and affiliate marketing. He stumbles around the details, but apparently set up some sort of passive income system to create wealth.
The real meat of the book is the motivational stuff. The author took what he learned from reading 1000s of motivational and inspirational books to develop his own theories about love, life and the pursuit of happiness.
Finally, the third part discusses general techniques to create passive income. When scanning through the book prior to reading it, I noticed one of the chapters was on Real Estate. This was the primary reason (other then that fantastic title) that I picked up the book. Yes, you can buy, sell or rent real estate to create income. The chapter pretty much ends right there. The other technique discussed was internet marketing. The author gives some definitions and a beginners overview of what it is and how it can make money.
The author does give one great heaping pile of advice to actually make money on the internet. He builds it up by saying he will provide a way to earn your first dollar online in less than a week. He wasn't kidding about this one. He suggest finding something you don't use around your house and selling it on eBay. Wow, that makes the 22.95 cover price almost worth it! He goes on to say that selling something at an online auction (talking about eBay) will generally cost about 1.5% in fees. A quick look at eBay shows that this is way off and so is this book.
If you are looking for some general information about ways to make money online and passively then this book will provide a good basis for that. His background story is mildly interesting, but not as much as some other financial gurus who have written books. The best thing to take out of the book may be a positive outlook and a goal of quitting your day job. Although this book won't tell you specifically how to do it, it will get the ball rolling in directions that you may never knew existed.
Overall, I would say this book is worth checking out of the library, but I would hold off on purchasing until it comes down in price.