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Why I Wrote A New Private Finance Ebook: Purchase This, Not That


After two and a half years of brainstorming, writing and modifying in the course of the pandemic, my ebook, Purchase This, Not That: How To Spend Your Method To Wealth And Freedom is now obtainable!

The ebook is a Wall Road Journal bestseller and might be bought on Amazon, B&N, and in bookstores in all places. Purchase This, Not That additionally turned a #1 bestseller on Amazon in Retirement Planning. Hooray!

I’ve spent a mixed 30+ years working in finance, learning finance, and writing about finance. Consequently, I firmly imagine Purchase This, Not That (BTNT) is likely one of the greatest private finance books on the market. It’s the ebook I’ve all the time wished to jot down to assist readers in all places stay higher lives on their phrases.

Through the course of my writing course of, I additionally learn over a dozen nonfiction books to grasp what makes good books nice. I then labored in my concepts with my editors at Portfolio Penguin Random Home to make the ebook shine.

Cash is simply too essential to be left as much as pontification. Due to this fact, every part I’ve written within the ebook is predicated on firsthand expertise from a finance veteran. This manner, I can share with you the great and the dangerous that will help you make higher selections.

The key to cease saying, “If I knew then what I do know now,” is to easily study from somebody who has been by way of what you’ll undergo.

I’ve additionally arrange monetary frameworks to assist information you in your path to monetary freedom. Consider BTNT as your monetary coach who offers you the arrogance and the motivation to beat life’s largest dilemmas in a wise and sensible method.

Order a hardcover copy of Purchase This, Not That by clicking one of many retailers under. My ebook is your unfair aggressive benefit for getting forward on this brutally aggressive world!

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Monetary Independence Is Solely Half Of The Journey

When you get your cash proper, you can begin higher specializing in issues that actually matter to you. In spite of everything, cash is barely a way to an finish. And for these of you who deal with cash as the top all be all, I hope my ebook will assist change your philosophy.

When you obtain a sure stage of monetary independence, the place your passive funding earnings covers your dwelling bills, the world opens up.

The final word objective is to maneuver cash into the background so you’ll be able to cease obsessing over it and begin specializing in doing issues that matter.

I present you ways within the first half of my ebook. With actionable recommendation underneath a logical framework, I enable you to transfer ahead with confidence.

Fixing Dilemmas We Could One Day Encounter

Within the second half of my ebook, I sort out a lot of life’s dilemmas and find out how to method them utilizing my 70/30 decision-making framework.

For those who imagine there’s a 70% likelihood or larger you’ll make the proper choice, go for it! On the identical time, have the attention of understanding you could get issues flawed 30% of the time. Except the result is dying or monetary wreck, it is possible for you to to study out of your errors, get well, and make higher decisions over time.

My ebook encourages you to suppose in chances, not absolutes. For those who suppose in absolutes, you’ll probably miss out on loads of nice alternatives since you’ll really feel you want 100% certainty earlier than shifting ahead. Nevertheless, when you begin considering in chances, loads of new prospects opens up.

Listed here are some dilemmas the ebook explores:

  • Pay for personal college or public college
  • Be part of a startup or work for a longtime firm
  • Begin a way of life enterprise or go for the grand slam
  • Job hop or keep a loyal soldier
  • Reside in an costly coastal metropolis or transfer to a low-cost space 
  • Put money into actual property or shares
  • When to put money into tax-advantaged versus taxable accounts
  • Purchase a fixer or a totally reworked house
  • Marry for love or marry for cash
  • Have kids early or late
  • Return to work or be a stay-at-home-parent
  • Mix your funds or preserve separate accounts
  • Break up or keep married
  • Search fame to spice up your wealth or keep low key
  • Help your grownup kids or allow them to study to swim

And so many extra subjects.

Once more, cash is only one a part of the equation. It’s how we use our cash to make higher decisions that issues most. If any of those subjects curiosity you, Purchase This, Not That will enable you to decrease remorse and maximize satisfaction.

Why I Wrote Purchase This, Not That

I wasn’t planning on writing a historically revealed ebook. As a drained father of two younger kids who additionally publishes thrice every week on Monetary Samurai, I already had my palms full. Nevertheless, when Noah, an editor at Portfolio Penguin approached me on December 2, 2019, concerning the thought, I used to be intrigued.

When the pandemic hit in March 2020, I assumed why not! If I used to be going to be caught at house anyway for who knew how lengthy, I’d as properly benefit from a suboptimal scenario. That is the Monetary Samurai mindset!

Again in 2008, one thing related occurred. The international monetary disaster was beginning to deepen and I used to be dropping a boatload of cash. Nevertheless, it was in the summertime of 2008 that I lastly determined to suggest to my girlfriend of 9 years. I knew that even when I misplaced all my cash, I didn’t wish to lose her.

Now, each time I feel again to the worldwide monetary disaster, I instantly take into consideration our small seashore marriage ceremony, not the financial calamity throughout that point interval. By writing Purchase This, Not That throughout a pandemic, I’ll look again and really feel good understanding I did one thing productive to assist others.

Listed here are some extra the reason why I wrote my newest ebook.

1) It Had To Be Written

Buy This Not That Book Best Seller On Amazon

One of many the reason why I began Monetary Samurai in 2009 is as a result of I observed there weren’t any private finance bloggers with finance backgrounds. Due to this fact, I assumed it might be a good suggestion to fill this apparent gap. I thought of cash in a different way and wished to convey my experience and views to the world.

After I was approached by Portfolio Penguin Random Home with the ebook thought, I observed there additionally weren’t many nonfiction finance books that have been written by individuals with finance backgrounds. Due to this fact, I figured I’d as properly fill the outlet once more!

After with the ability to escape company America at 34 and stay the life I would like for the previous 10 years, I simply needed to write a ebook that might assist different individuals doubtlessly do one thing related. When you see how one thing is finished, it’s a lot simpler to imagine the same path is feasible for you.

2) The Significance Of Monetary Schooling

There’s a complete world of customers on the market who like to learn books and never blogs. Due to this fact, it was solely logical to jot down Purchase This, Not That to attempt to attain them.

Creating most impression in an reasonably priced manner is essential. I might create $2,000+ e-courses like some friends do. Nevertheless, I felt packing in all the data in a ebook that prices $27 or much less was a extra accessible answer.

After 13 years of writing on Monetary Samurai, I’ve additionally gathered a wealth of various views from over 90 million guests. These views have helped me make higher selections and be a extra empathetic individual alongside the way in which. Purchase This, Not That consists of many blindspots I’ve needed to doubtlessly assist others see issues extra clearly.

The world is in want of extra monetary training. A private finance course must be obligatory in highschool or school, however it’s curiously not. I stay on this bubble the place I studied economics in school, bought my MBA, labored in funding banking for 13 years, and have written over 2,500 private finance articles since 2009.

The issues that appear apparent to me or others with finance backgrounds don’t appear as apparent to these with out monetary backgrounds. Due to this fact, my objective is to convey extra monetary training to those that search to develop their wealth in a risk-appropriate manner. It’s our responsibility to share what we all know.

3) Slender The Rising Inequality Hole

Because the international monetary disaster in 2008-2009, the wealthy have gotten terribly wealthy in comparison with the center class. In the meantime, these within the prime 0.1%, have blown previous the highest 1% as properly. I wish to convey their secrets and techniques and methods of investing and considering to the general public with the intention to assist extra individuals construct wealth.

Whereas writing Purchase This, Not That I additionally had an epiphany as to why so many private finance authors write primarily solely about saving cash, budgeting, and index funds. I stored questioning why not additionally write about extra fascinating and doubtlessly profitable subjects? In spite of everything, you’ll be able to solely save a lot. However earnings and funding returns are limitless!

After over a 12 months of writing and re-writing my ebook, I lastly understood why. With no finance background, writing about the rest past budgeting and saving is rather more tough. No surprise why so many private finance books simply scratch the floor of so many essential subjects. Therefore, I’ve launched useful monetary ideas, gone deep with a number of topic issues, whereas additionally making them straightforward to grasp. There are two ranges of wealthy, and the best stage didn’t get there by way of simply saving and investing in index funds.

My hope is with the information you’ll acquire from studying Purchase This, Not That, you’ll construct far more wealth in your lifetime than you thought potential. And if this occurs, your way of life will go up and the rising inequality hole will finally slim.

Why I Wrote A New Personal Finance Book: Buy This, Not That - net worth levels by class

4) New Views With Extra Illustration

As an Asian one who lived in Asia for 13 years, I was a part of the bulk. Then after I got here to Virginia for highschool and school, I turned a part of a minority that made up solely six % of the U.S. inhabitants. The juxtaposition was eye-opening.

At occasions, it was onerous to slot in. I bought into fistfights, was suspended as soon as, and felt like I used to be usually battling to be given an equal alternative to take part. Though among the experiences have been harsh, additionally they gave me large motivation to strive more durable.

By highschool, I clearly realized the world isn’t truthful and by no means might be. Due to this fact, as an alternative of complaining, I accepted the way in which issues have been and targeted on what I might management. I convey this fighter’s mindset to the ebook to provide the motivation to push on by way of regardless of who you might be or how tough your struggles. BTNT is your aggressive benefit to getting forward.

We all know persons are biased in direction of individuals who look, suppose, and discuss like them. It’s why podcast interviewees, award-winners, bestsellers, and households who attend elite colleges are typically fairly homogenous.

Due to this fact, I assumed it might be good to alter issues up a bit of and present new views. Possibly there might be extra love and understanding for Asian of us in America in the event that they learn a very good ebook by an Asian one who helps them. Maybe youngsters who seldom see anyone who seem like them might be impressed to jot down their very own ebook or do one thing out of the abnormal.

Together with Individuals Who Reside In Excessive Price Areas

As well as, a big proportion of each nation’s inhabitants lives in costlier city cities. Excessive value of dwelling areas presents some distinctive challenges which I deal with within the ebook.

With how bifurcated America is, I’m hoping to create an understanding bridge between those that stay on the costly coasts and people who stay inland. Finally, all of us have the identical targets of supporting our nation and doing extra of what we wish.

I’m satisfied most battle on this world is because of a lack of expertise of different individuals and their private conditions. Let’s spend extra time attending to know one another and fewer time judging individuals for his or her decisions.

5) Regular Navigation Via Unhealthy Occasions

As somebody who has labored in finance since 1999, I’ve gone by way of the euphoria and despair of the primary Dotcom bubble. Then I went by way of the funding mania of 2007 and the devastation a number of years later with a major quantity of capital.

After every collapse, I’ve realized find out how to strengthen my funds in order that it doesn’t matter what occurs, I’ll probably be OK. I wish to share what I’ve realized to assist extra individuals survive downturns with out an excessive amount of hurt. Studying Purchase This, Not That will assist armor your funds and supply safety in your family. The ebook may also provide the braveness to do extra of what you need.

For thus lengthy, it’s solely been good occasions. And you could have learn solely the views of people that’ve solely skilled good occasions since 2009. This may be very harmful. Unhealthy occasions will finally come, which is if you’ll want monetary steering probably the most.

It’s onerous to grasp your true danger tolerance and the way dangerous issues can get when you don’t undergo a protracted bear market your self. Though the March 2020 crash was violent, it was additionally fast to rebound. Now issues are as soon as once more very unsure, which is the place BTNT readers will outperform.

Purchase This, Not That will enable you to navigate by way of stormy waters in order that regardless of how wretched the financial system, you’ll not drown however thrive. Having peace of thoughts throughout tough occasions is priceless.

Buy This Not That Wall Street Journal Bestseller
BTNT is a WSJ Bestseller

Thank You For Studying Purchase This, Not That!

I’m thrilled for y’all to learn Purchase This, Not That: How To Spend Your Method To Wealth And Freedom. I truly violated my writer’s suggestion of conserving the phrase depend to 80,000 phrases. As an alternative, I wrote about 111,000 phrases so I might add as a lot worth as potential given nonfiction books are all about the identical value.

It’s a massive ebook full of important info that will help you take pleasure in a greater life. There are such a lot of essential topics that I imagine you’ll truly be left wanting for a ebook two!

Purchase This, Not That is supposed to be learn and mentioned with associates and family members. You’ll have a good time debating my reasonings and making your individual instances. I actually imagine dialogue and listening to the views of others is one of the simplest ways to study and develop.

Order a hardcover copy of Purchase This, Not That by clicking one of many retailers under.

For those who order three or extra onerous cowl copies, I’ll ship you a free signed bookplate as properly. Please fill out this type after finishing your buy to submit your buy particulars and mailing deal with.

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Digital Talking

For those who’re taken with doing an creator chat, shoot me an e-mail at gross sales AT financialsamurai DOT com. BTNT is supposed to be learn with others and mentioned. And who higher to steer the dialog than the creator of the ebook!

Up to now I’ve video talks with of us at Google, Yelp, William & Mary, Fb, and several other different organizations. They’ve all been loads of enjoyable.

To Your Monetary Freedom,

Sam

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