Paul Damazo is an accomplished businessman, a generous philanthropist and a proven inspirer. For 20 years he has helped people across the country with his Wealth Creation and Wealth Preservation seminars.
Paul has a passion for helping people, especially young people, to have a more rewarding happier life by making better financial decisions. What’s the key to becoming a millionaire? That is what author Paul. S Damazo aims to show us in this useful personal finance book.
I was intrigued when I read the first chapter “Wealth is a Matter of Choice - Yours Alone”. Damazo says 80% of Americans have not even had one hour of financial education. This is a certainly a shocking statistic when you imagine it but get this book and it needn’t be you.
He goes on to add that children, who are given everything they want, are not actually helped in life at all. It puts them at a disadvantage and disables them for life.
Damazo has included wise words from Warren Buffett “A very rich person should leave his kids enough to do anything but not enough to do nothing.”
Added are some extra words of advice. Read this and learn from your past mistakes.
At the end of chapter two there are some extremely useful resources including books he recommends on finance as well as websites.
Chapter three reads that wealthy thoughts, beliefs and actions will help create a life of abundance and opportunity. I read so many books where authors say similar things so maybe these ideas do work? It is up to the individual to make of it what they will.
Tips on millionaires: they always watch out for bargains and do not pay unnecessary taxes. Read this next insightful section for yourself.
Chapter seven explores credit cards and the inevitable debt you can end up with if you aren’t careful.. Don’t be caught out - “credit is like a drug - short term gain with long-term pain”.
With more people retiring to old age in debt wouldn’t it be great if you could retire wealthily? I’m sure many of you want to know the key!
If you read chapter 17 you can retire easily with out any looming debt and still enjoy life’s pleasures such as travel and leisure.
Later on wills are mentioned - not sure if everyone wants to start thinking about ways to invest upon their passing? This is just my opinion though, if you don’t mind thinking such morbid thoughts maybe this might appeal.
A short section on death taxes follows on swiftly. Pretty grim stuff yet again but certainly worth a read if you can bear to think of it.
All in all I simply cannot guarantee this book enough. From the first to the last page - advice is here in abundance. Way too much to possibly cover in such a thing as a review.
Probably the best book on finance and investment. Packed with advice this is just my brief summary of this financial bible for everyone, no matter who you are, you must own it.
The above review was contributed by: Jessica Roberts:Jessica is a book reviewer for a local newspaper and has reviewed for a national women's magazine too. She has had various articles published in magazines and has now completed her novel. Jessica currently lives in West Yorkshire and enjoys walking in the dales and woodlands as part of her hobby as well as, of course, reviewing books. To read more of Jessica's reviews CLICK HERE
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