After two and a half years of brainstorming, writing and enhancing throughout the pandemic, my e book, Purchase This, Not That: How To Spend Your Approach To Wealth And Freedom is completed! It comes out on July 19, 2022, in shops in all places.
I’ve spent a mixed 30+ years working in finance, finding out finance, and writing about finance. Because of this, I firmly consider Purchase This, Not That (BTNT) might be among the best private finance books on the market. It’s the e book I’ve all the time wished to write down to assist readers in all places dwell higher lives on their phrases.
Throughout the course of my writing course of, I additionally learn over a dozen nonfiction books to know what makes good books nice and a few books not so nice. I then labored in my concepts with my editors at Portfolio Penguin Random Home to make the e book shine.
Cash is simply too necessary to be left as much as pontification. Due to this fact, the whole lot I’ve written within the e book relies on firsthand expertise. This fashion, 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 means 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 provides you the arrogance to face life’s greatest dilemmas in a sensible and sensible method.
Pre-order a hardcover copy of Purchase This, Not That by clicking one of many retailers under to make sure supply on the discharge date.
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 just a way to an finish. And for these of you who deal with cash as the tip all be all, I hope my e book will assist change your philosophy.
When you obtain a sure stage of economic independence, the place your passive funding revenue covers your dwelling bills, the world opens up.
The last word aim 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 e book. With actionable recommendation underneath a logical framework, I make it easier to transfer ahead with confidence.
Fixing Dilemmas We Could One Day Encounter
Within the second half of my e book, I discuss a lot of life’s dilemmas and find out how to strategy them utilizing my 70/30 decision-making framework.
If you happen to consider there’s a 70% chance or higher you’ll make the right choice, go for it! On the similar time, have the attention of realizing you might get issues improper 30% of the time. Until the end result is demise or monetary break, it is possible for you to to study out of your errors, get well, and make higher selections over time.
My e book encourages you to suppose in possibilities, not absolutes. If you happen to suppose in absolutes, you’ll possible miss out on a whole lot of nice alternatives since you’ll really feel you want 100% certainty earlier than transferring ahead. Nonetheless, when you begin pondering in possibilities, loads of new potentialities opens up.
Listed here are some dilemmas the e book explores:
- Pay for personal college or public college
- Be a 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
- Dwell in an costly coastal metropolis or transfer to a low-cost space
- Spend money on actual property or shares
- When to spend money on tax-advantaged versus taxable accounts
- Purchase a fixer or a completely reworked dwelling
- 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 matters.
Once more, cash is only one a part of the equation. It’s how we use our cash to make higher selections that issues most. If any of those matters curiosity you, Purchase This, Not That will make it easier to decrease remorse and maximize satisfaction.
Why I Wrote Purchase This, Not That
I wasn’t planning on writing a historically printed e book. As a drained father of two younger kids who additionally publishes three-to-four instances every week on Monetary Samurai, I already had my arms full. Nonetheless, 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 believed why not! If I used to be going to be caught at dwelling anyway for who knew how lengthy, I would as nicely take advantage of a suboptimal state of affairs. Moreover, such a problem doesn’t come round too usually.
Again in 2008, one thing related occurred. The worldwide monetary disaster was beginning to deepen and I used to be dropping a boatload of cash. Nonetheless, 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 need to lose her.
Now, each time I believe again to the worldwide monetary disaster, I instantly take into consideration our small seaside wedding 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 realizing I did one thing productive to assist others.
Listed here are some extra the explanation why I wrote my newest e book.
1) It Had To Be Written
One of many the explanation why I began Monetary Samurai in 2009 is as a result of I seen there weren’t any private finance bloggers with finance backgrounds. Due to this fact, I believed it will be a good suggestion to fill this apparent gap. I thought of cash a bit of otherwise and wished to carry my experience and views to the world.
After I was approached by Portfolio Penguin Random Home with the e book thought, I seen there additionally weren’t many nonfiction finance books that had been written by folks with finance backgrounds. Due to this fact, I figured I would as nicely fill the outlet once more!
After with the ability to escape company America at 34 and dwell the life I need for the previous 10 years, I simply needed to write a e book that would assist different folks doubtlessly do one thing related. When you see how one thing is completed, it’s a lot simpler to consider an identical path is feasible for you.
2) The Significance Of Monetary Training
There’s an entire world of customers on the market who like to learn books and never blogs. Due to this fact, it was solely logical to write down Purchase This, Not That to try to attain them.
Creating most influence in an inexpensive method is necessary. I might create $2,000+ e-courses like a few of my friends do. Nonetheless, I felt packing in all the knowledge in a e book 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 particular person 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 ought to be necessary in highschool or school, however it’s curiously not. I dwell on this bubble the place I studied economics in school, obtained 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 aim is to carry extra monetary training to those that search to develop their wealth in a risk-appropriate method. It’s our responsibility to share what we all know.
3) Slim The Rising Inequality Hole
For the reason that world monetary disaster in 2008-2009, the wealthy have gotten terribly wealthy in comparison with the center class. In the meantime, these within the high 0.1%, have blown previous the highest 1% as nicely. I need to carry their secrets and techniques and methods of investing and pondering to the general public in an effort to assist extra folks 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 attention-grabbing and doubtlessly profitable matters? In spite of everything, you’ll be able to solely save a lot. However revenue and funding returns are limitless!
After over a 12 months of writing and re-writing my e book, I lastly understood why. And not using a finance background, writing about anything is far more tough. Therefore, I’ve tried to introduce useful monetary ideas whereas additionally making them simple to know. There are two ranges of wealthy, and the best stage didn’t get there by means 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 doable. And if this occurs, your lifestyle will go up and the rising inequality hole will finally slim.
4) New Views With Extra Illustration
As an Asian one that lived in Asia for 13 years, I was a part of the bulk. Then once 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 instances, it was exhausting to slot in. I obtained 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 had been harsh, additionally they gave me large motivation to attempt more durable.
By highschool, I clearly realized the world isn’t truthful and by no means might be. Due to this fact, as a substitute of complaining, I accepted the way in which issues had been and centered on what I might management. I carry this fighter’s mindset to the e book to provide the motivation to push on by means of regardless of who you’re or how tough your struggles. Consider BTNT as your aggressive benefit to getting forward.
We all know individuals are biased in direction of individuals who look, suppose, and speak 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 believed it will be good to alter issues up a bit of and present new views. Possibly there might be extra love and understanding for Asian people in America in the event that they learn a superb e book by an Asian one that helps them. Maybe youngsters who seldom see anyone who appear like them might be impressed to write down their very own e book or do one thing out of the atypical.
Together with Individuals Who Dwell In Excessive Price Areas
As well as, a big proportion of each nation’s inhabitants lives in costlier city cities. Excessive price of dwelling areas presents some distinctive challenges which I tackle within the e book.
With how bifurcated America is, I’m hoping to create an understanding bridge between those that dwell on the costly coasts and people who dwell inland. In the end, 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 knowledge of different folks and their private conditions. Let’s spend extra time attending to know one another and fewer time judging folks for his or her selections.
5) Regular Navigation By means of Dangerous Occasions
As somebody who has labored in finance since 1999, I’ve gone by means of the euphoria and despair of the primary Dotcom bubble. Then I went by means of the funding mania of 2007 and the devastation a number of years later with a big quantity of capital.
After every collapse, I’ve discovered find out how to strengthen my funds in order that it doesn’t matter what occurs, I’ll most probably be OK. I need to share what I’ve discovered to assist extra folks survive downturns with out an excessive amount of hurt. Studying Purchase This, Not That will assist armor your funds and supply safety to your family. The e book will even provide the braveness to do extra of what you need.
For thus lengthy, it’s solely been good instances. And you’ll have learn solely the views of people that’ve solely skilled good instances since 2009. This may be very harmful. Dangerous instances will finally come, which is once you’ll want monetary steerage probably the most.
It’s exhausting to know your true threat tolerance and the way dangerous issues can get when you don’t undergo a chronic 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 make it easier to navigate by means 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 instances is priceless.
Thank You For Studying Purchase This, Not That!
I’m thrilled for y’all to learn Purchase This, Not That: How To Spend Your Approach To Wealth And Freedom. I really violated my writer’s suggestion of retaining the phrase rely to 80,000 phrases. As an alternative, I wrote about 111,000 phrases so I might add as a lot worth as doable given nonfiction finance books are all priced about the identical.
It’s a huge e book full of significant data that will help you get pleasure from a greater life. There are such a lot of necessary topics that I consider you’ll really be left wanting for a e book 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 personal circumstances. I really consider dialogue and listening to the views of others is the easiest way to study and develop.
Order a hardcover copy of Purchase This, Not That by clicking one of many retailers under. As a thanks for putting a pre-order, you’ll get entry to my behind-the-scenes interview as a free bonus. Merely fill out this way with the small print of your pre-order buy.
If you happen to order 2 or extra exhausting cowl copies, I’ll ship you a free signed bookplate as nicely. Please fill out this way after finishing your buy to submit your buy particulars and mailing tackle.
To Your Monetary Freedom,
Sam
P.S. If you happen to’re desirous about bulk ordering (>25) to your e book membership, firm, or group, please e-mail gross sales AT financialsamurai DOT com. I’ll put you in contact with Penguin for a bulk order low cost. In any other case, Amazon supplies those that pre-order the bottom worth assured primarily based on no matter low cost they provide from now till launch.
Up to now I’ve video talks with people at Google, Yelp, William & Mary, and several other different organizations. In case your group want to help my e book and take heed to a personal speak, please shoot me an e-mail or go away a remark.
