Rat Race Millionaire: Seven secrets from a 40-year-old millionaire, by Michael Hung
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Rat Race Millionaire: Seven secrets from a 40-year-old millionaire, by Michael Hung
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• Your house should never be your biggest asset. • You can beat the market professionals by managing your own investments. • Instead of going to the movies every weekend, you should have your own home theater. As advice, these statements may seem controversial and erroneous. Going against the herd, Michael Hung was able to become a millionaire, surviving both the Dot-com Bubble and the Great Recession. He joined the millionaire ranks before the age of 40 while overcoming many major financial setbacks, such as unemployment and investment losses. By sharing the secrets he learned on the journey, he hopes readers will be more motivated and equipped to run and win the rat race.
Rat Race Millionaire: Seven secrets from a 40-year-old millionaire, by Michael Hung- Amazon Sales Rank: #8589857 in Books
- Published on: 2015-10-18
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .55" w x 6.00" l, .72 pounds
- Binding: Paperback
- 240 pages
About the Author Michael Hung is an office worker millionaire, who is passionate about financial literacy. He has been investing since the mid-1990s. He successfully navigated both the Dot-com Bust and the Financial Meltdown with his investments continuing to grow despite economic turbulence. He immigrated to the U.S. when he was 16 and barely spoke any English. After completing his formal education, he started working at a Fortune 100 company before he was laid-off in 2009 during the Great Recession. After four years of unemployment and underemployment, he was back in the rat race. He became a millionaire in the summer of 2014 before he turned 40. Rat Race Millionaire is his first book sharing his eventful journey to financial security and how he encountered and overcame many major setbacks. The Rat Race Millionaire Pocket Handbook is a brief, easy-to-read book that captures the basic knowledge essential for anyone who wants to navigate today’s complex financial landscape.
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Most helpful customer reviews
0 of 0 people found the following review helpful. Real Practical Advices By C. Y. Chan I think this book is a must-read for anyone trying to achieve financial security. Let’s be honest, most millionaires are business owners, doctors, executives, or lottery winners. What are the odds of the typical eight-to-five worker reaching that $1 million mark? Michael Hung shows us how he did it while facing many major challenges. This is not a get-rich-quick book. However, practicing the seven secrets he shares is probably the most likely way for the Average Joe to make the American Dream come true.This book is also refreshingly different from the other personal finance books on the market. Hung drills down to the causes of money problems for most people, such as instant gratification and peer pressure. As a reader, I gained new insight into my own personal journey. To motivate others to press on when inevitable problems arise, the book has an entire chapter that chronicles his many failures. For the environmentally concerned, he has a chapter on the environment.Using the author’s personal experiences, Rat Race Millionaire is definitely more impactful than the mass marketed personal finance books available.
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