In The One Minute Millionaire, Mark Victor Hansen and Robert Allen give a practical and simple explanation on how to use the “millionaire minute”. They define the “millionaire minute” as a discipline the rich are using to gain and grow their wealth. It involves simple, practical, everyday money skills, and they define seven important skills that wealthy people are good at. The good thing is that you do not have to be wealthy already; you can start to practice and develop these skills just where you are right now.
There are many good points in the book and one of them is the possibility to earn an extra million in a lifetime on saving a dollar a day. On their web site there is a calculator where you can put in the amount of money you will save, and at what interest rate, that calculates how long it will take you to reach a million! Fun feature! There are many other interesting tests and tools on the website, so it is well worth a visit.
If you have read my review of Cracking the Millionaire Code by the same authors, and you are wondering if the books contain the same information, I can assure you that they are different. The One Minute Millionaire is not as spiritually oriented and is “safe” for the ones who do not like to mix the idea of spirituality and business. The One Minute Millionaire was published in 2002, and Cracking the Millionaire Code was published this year (2005). Anyway, I recommend both books, I like them very much.
So, a bit more of the “good stuff” from The One Minute Millionaire: The book is split in two; the right-side pages tell the (fictional) story of a woman who loses everything and has to earn 1 million dollars in 90 days. Even if it is fiction, the story is intense and dramatic, and of course, full of learning. The left-side pages contain the facts and figures, but are still very easy to read. The first chapter is called “The Millionaire Aha`s” and teaches about the principles of wealth, which Hansen and Allen call Aha`s. According to them there are at least 24 universal principles of wealth.
The other chapters of the book are on these subjects: Leverage, Mentors, Teams, Networks, Skills, Tools and Systems. The book contains great information and Mark Viktor Hansen and Robert Allen manage to write in a very catchy way. They make it an experience in itself to read the book. It certainly lights the fire in me and I know that is what it is supposed to do. It is clearly in the “Self Help” and “Motivational” categories.
I know many people are skeptical about this kind of literature, but what these books are giving to people is hope and inspiration, and many practical techniques to gain wealth, used by others with success. Many mistakenly think the books in themselves are going to change their financial situation, and get frustrated when they don’t. The books are never giving you any guarantee that their system will make you a millionaire. That guarantee can only come from your desire and effort. Read the book, and get inspired!
Oyvind Hennum (Shiva) runs the web site www.financial-freedom-made-simple.com.
The site contains book reviews, articles, biographies, motivational quotes, affirmations, success tests, budgeting advice and other practical tips.