Financial Book Review: How to Get Rich

Financial book week continues here at Planting Money Seeds as I get ready to release my own book, Confessions of a Professional Blogger (pre-order via my Indiegogo campaign). There are so many great financial books out there — many of them written by friends. Today's book, How to Get Rich, is by Barbara Friedberg.

One of the things I truly believe about building wealth is that a great deal of it is mindset — a mindset that allows you to recognize when you need to change your behaviors so that you can improve your money situation.

Barbara Friedberg, a financial professional and a friend, knows this. She's written How to Get Rich: Wealth Building Guide for the Financially Illiterate, a book about how you can change your mindset and your behaviors so that you are building wealth.

You Can LEARN How to Get Rich

One of the things I love about this book is that the introduction starts out be pointing out that you can?learn how to get rich. “How to get rich can be learned, just like how to ski, or how to speak another language,” Barb says in the book.

Then she goes on to show the rules that most wealthy people follow. Barb believes that no matter how much money you start with, you can start building wealth. And I tend to agree with her. While I acknowledge that there are a lot of situations where circumstances throw up huge stumbling blocks, and I believe that most of us need some kind of help at some point, I think that it's possible for anyone to take what they have and increase it.

But you have to?learn?the mindsets and the habits that can help you. Barb's book does just this. She gets you excited about the prospect of making solid changes in your life and starting now. Then she takes you on a step-by-step journey to learn how to get rich.

Some of the items that Barb covers in this simple guide include:

  • Staying away from debt (or getting out of it)
  • Saving
  • Conscious spending on the things that matter
  • How to buy the right house for you
  • The insurance can protect your assets from financial catastrophe
  • The importance of investing (and how anyone can start investing)

She ends with some of the secrets of the rich. One of the most important secrets of the wealthy is that many of them don't “live rich.” While there are definitely those that spend their wealth ostentatiously, there are plenty of wealthy folks who have money, but you wouldn't know it because their outward appearance is relatively modest. “The rich do not live to impress,” writes Barb.

Too often, I see aspirational middle class families trying to impress others by buying a lot of expensive things on credit so that they?look wealthy — even though they are drowning in debt. (This is a huge issue in my state of residence.)

Barb has plenty of other great observations about the rich and building wealth. Additionally, she includes an appendix with some helpful bonus material, including access to calculators.

Overall, this a straightforward book. You can learn how to get rich, and live the life that you want.

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