Money...It's Not Just for Rich People!

By Janine Bolon

This book is the collection of 8 years of teaching and research on sound financial principles and how to apply them in your own life no matter your debt load. It is my hope that your perspective on... This description may be from another edition of this product.

• Format: Paperback
• Language: English
• ISBN: 1411643437
• ISBN13: 9781411643437
• Release Date: May 2009
• Publisher: Lulu.com
• Length: 216 Pages
• Weight: 0.75 lbs.
• Dimensions: 0.5" x 6.0" x 9.0"

Customer Reviews

A Simple Method for Accumulating Wealth

The sub-title of "Money...It's Not Just For Rich People!" is "A Ridiculously Simple Path to Wealth Accumulation". Wealth accumulation? I'm all for it. Ridiculously simple? Well, that's got to be too good to be true, right? We've all seen books, infomercials, and seminars that promise to teach us how to get rich. But how do we know if any of the techniques work? Do these people really know what they're talking about? One of my methods for evaluating whether or not to trust a person's opinion is to ask: "Have they done what they are teaching?" The author of "Money...It's Not Just for Rich People", Janine Bolon, definitely meets this criterion. Starting from nothing, she and her husband have accumulated enough wealth that they no longer have to work - and they did it by applying simple wealth accumulation principles. Janine's journey to financial independence starts with a typical story - a young couple, a child, mortgage debt, and a desire for the mother to stay home full-time. At first, she experimented with frugality and cost-cutting using, as guides, the classic books, "The Tightwad Gazette" and "Your Money or Your Life". As time went on, her financial knowledge grew and she set the goal of creating enough wealth so her husband could retire from his corporate job in fourteen years. She accomplished it in seven. According to Janine, there are two paths to financial independence, the sexy way and the methodical way: increasing your income (sexy) and decreasing your expenses and saving (methodical). Because we often have little control over our income, Janine focuses on the methodical way - decreasing our expenses and increasing our savings. Based on her personal experience, the methodical way works. And if you can increase your income as well? More power to you! Janine breaks down her wealth accumulation method into five basic principles: 1) Create Your Financial Goals 2) Live Within Your Means 3) Pay Yourself First 4) Pay It Forward 5) Philanthropy The key lesson in the book is the 60/40 principle where 60% of your income is used for living, 10% is for short-term savings, 10% is for long-term savings, 10% is for tithing, and 10% is for philanthropy. (If you're not religious, don't get tied up with the term "tithing". Janine does not limit this to religious institutions. Tithing can mean giving money to any group or institution you feel is doing good for humanity.) An interesting part about her approach is that Janine believes giving away and sharing a portion of your wealth is a crucial part of wealth accumulation. She links tithing and philanthropy with creating a "flow of money" back into your own life. The book often refers to a belief that the "Universe" will respond positively to anyone who uses these principles. Before you dismiss this idea as too "out there" or "New Age", realize that this concept is not new. I have read many books that allude to this principle. In fact, most religious texts, including the

Fabulous

Easy to read and practical, the advise in this book works! My four children even began following the quick-start steps detailed in chapter nine. Triumphantly, we have all been blessed with less debt, more money and most importantly; more peace. With our new perspective of money after reading this book, we look forward to future finances with anticipation rather than stress. Thank you Janine Bolon! I highly recommend this book as well as her other books, seminar on CD, website at http://www.smartcentsinc.com/, and newsletter. Don't miss this wonderful resource!!

The Path to Financial Freedom

A year ago my parents went to a Financial Seminar taught by Janine Bolon (covering the same stuff as in "Money...It's not just for rich people.") My parents were amazed by the sound financial principles she taught, and urged me to read this book since I was unable to attend the Seminar. I read it, and like my parents I too saw how profound the principles taught were. Since reading this book, I have applied what I learned(especially the 60/40 principle), and guess what?!?...It works. This book is not about get rich quick schemes, but about being financially mature. It is about learning the principles/ laws that govern money so as to reap the benefit when followed. I view money differently now, and I use it differently. In doing so I have never been in want, and yet I am not burdened by debt as so many of my fellow Americans. This is financial freedom. Isn't that what we all want? For those who feel overwhelmed by debt, or merely want to learn more about how money works I recommend getting this book, reading it, and applying it today.

A Practical approach to increasing wealth

Although the title almost implies some sort of "get rich quick" scheme, this book is about common sense approaches anyone can take to accumulate wealth. The focus is entirely on managing and living with what you have, not increasing your income. The core principle is the 60/40 rule where you live off of 60% of your income, and either save or donate the rest. This clearly requires a lot of discipline and Janine provides some "baby steps" to help individuals begin the climb to 60/40. She briefly touches on the flow of money and sort of a "what goes around, comes around" idea in which giving creates more receiving. This is an idea she's clearly experimented with and had numerous confirming experiences. I'm going to take her word for it and balance my life into the 60/40 rule as much as possible now, and according to Janine, that should facilitate the ability to attain the full 60/40 balance. The book's easy to read and an enjoyable page turner.