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The Five Lessons a Millionaire Taught Me About Life and Wealth

3.9  ·  Rating Details ·  1,415 Ratings  ·  211 Reviews
Easy to understand and simple to apply, The Five Lessons a Millionaire Taught Me About Life and Wealth is one of the most powerful books ever written about money. This book will change your life.

When Richard Paul Evans was twelve, his father, a building contractor, shattered both his legs. With no insurance, no income, and eight children, the family was destitute. At that
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Hardcover, 160 pages
Published January 10th 2006 by Touchstone (first published 2004)
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Book Concierge
Mar 18, 2015 Book Concierge rated it liked it
Evans is best known for his novels - The Christmas Box was a NY Times bestseller. In this small book he passes on advice he learned as a youth from a man at his church. The principles are not difficult to understand, and anyone can do them. But the key is deciding to adhere to this advice and not succumb to the pressures of modern day living that equate conspicuous consumption with wealth. It’s a quick read, and it fulfilled a challenge to read a book about money, but I didn’t learn anything new ...more
Sydney
Nov 14, 2013 Sydney rated it it was ok
Meh. He gave good advice and it was ok. The problem was it wasn't really anything I hadn't heard before. And his budgets and other appendices at the end kind of sucked. If you're going to read a money self-help book, read something by Dave Ramsey.
Stephanie
Aug 13, 2015 Stephanie rated it liked it
As with other finance books, I thought the ideas presented here were reasonable and smart but not necessarily feasible. I would love to implement many of the ideas presented but feel that someone would already need to have accumulated a fair amount of wealth before they could do so. My husband and I are young and just starting out, and while we tend to be very strict with our budget already, we still struggle at times with being able to invest much, save much, etc. Life sure is expensive! Nevert ...more
Ellen Pilch
Apr 02, 2015 Ellen Pilch rated it really liked it
I would have given this book a 5 except for one thing at the end which I will get to. First off, it is simple, straight forward advice that everyone can use. I am thinking of getting a copy for my niece and her husband who are recently married and saving for a home.
A lot of stuff we all know, but just don't do. For example, think before you purchase something no matter what it is. Do we need to eat out so often? Is that going to leave us as happy as financial security. Evans doesn't want us all
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Gabriela
Jul 27, 2012 Gabriela rated it it was amazing
The 5 principles advocated here seem to offer more depth and practicability than most other personal finance or get rich books


In the Five Lessons a Millionaire Taught Me, Richard Evans draws from his own life experience and the personal stories of others, to make the proposition that money should not be the dominant fixation in our lives. Instead, he proposes five philosophies that we can apply to enjoy freedom in all areas including family, intimate relationships as well as our spiritual life.

I
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Josh
Jul 20, 2016 Josh rated it really liked it
This was a pretty good book. My dad gave it to me years ago and I finally read it. It gave me a renewed perspective on things, and I agree with the principles. Indeed, I very much want to be wealthy. However, there are a few things I don't quite understand. It says not to equate spending with happiness. Okay, easy enough. But if you save all the extra money you have and never increase your spending and in fact cut back on spending even when your income increases, then how in the world does your ...more
Carolyn Browne
Jan 23, 2016 Carolyn Browne rated it really liked it
Easy to understand and simple to apply, The Five Lessons a Millionaire Taught Me About Life and Wealth is one of the most powerful books ever written about money. This book will change your life. When Richard Paul Evans was twelve, his father, a building contractor, shattered both his legs. With no insurance, no income, and eight children, the family was destitute. At that difficult time young Evans was introduced to a kind multimillionaire who taught him the five secrets of wealth. Today, Evans ...more
Ann
Jun 11, 2009 Ann rated it really liked it
I read the women's version of this and was surprised how much I liked it.
Very simple and effective tools, easily learned and applied...not a "budget", but a way of setting goals financially and taking an active part in planting the financial seeds in one's own financial garden, growing for rainy days and better times, regardless of how the national economy is going, etc.

Like a financial recipe book for success in baby steps...
Heather
Aug 03, 2014 Heather rated it liked it
Pretty quick read and goes through several important financial decisions to help with money. A lot of it I had read or heard of before; I think a lot of money management is going to be the same thing (spend less than you earn, save/invest, get insurance, donate...)
Five lessons are 1. Decide to Be Wealthy (Mindset) 2. Take Responsibility for Your Money (Know exactly how much you have, what you spend, etc) 3. Keep a Portion of Everything You Earn (pay yourself first) 4. Win in the Margins (real w
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Jason
Nov 27, 2009 Jason rated it did not like it  ·  review of another edition
This was an 83 page pamphlet on small pages with large font, and a lot of main points were set off in even larger font. It took me 40 minutes to read. I think more time was put into the dustcover than the writing, what with its gold, glossy tint and statement that it's #1 New York Times Bestselling Author. The main ideas are so distilled that it lacks flavor. Instead, I would have prefered a 2 page executive summary and be done with it.

I'm very critical of this book because, unlike most people,
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Mrs. Nicole Sok
Mar 23, 2015 Mrs. Nicole Sok rated it it was ok
Shelves: non-fiction
In this book, Evans says things like, if you give money to God then God will always give it back. I feel like that is a misleading statement as God does not always reward good people with money or generous people with money. While the financial lessons may be sound, his repetition of this believe that God always gives to good people or gives to people who tithe, I think is really dangerous.
Infromsea
Aug 23, 2007 Infromsea rated it really liked it
Shelves: moneymatters
A nice read but fails to cover, "the other points of view".

To follow the author's advice you should live below your means (good advice) but he fails to discuss the detriment of living too far below your means. If you are eating ramen noodles three times a day life is going to be miserable, even if you are putting away hundreds a paycheck. There is a balance that needs to be reached and he fails to discuss that balance.

Otherwise there is not much new here, and the author says that. Read "The Ri
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Robotribble
Sep 29, 2007 Robotribble rated it it was ok  ·  review of another edition
Recommends it for: People who want [or don't want, even] help with their finances and money.
This book was actually, not very enlightening. It gave basic common-sense suggestions for keeping track of your finances and liquid assets that I've already leanred in chapter one of my Business/Personal Finance class.
What I can say good about this book, however, is that is cures insomnia. While riding with my dad on the way to my job this summer, I found I could easily catch up on a half-hour's missed sleep when he plugged his iPod in so that we could listen to the audiobook.
I would recommend t
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Thomas
This book is full of good advice, but it isn't anything in depth or unique. There are better guides out there to taking control of your money and life. I can recommend it as a good reminder for what you should be doing, but not as its own pillar of wisdom.
Charlie Gers
Jul 27, 2015 Charlie Gers rated it really liked it
Well-written book! Richard Evans reveals how supermarkets/stores/etc pressure customers into purchasing an item that wasn't planned, the millionaire mentality, being generous, and more. It is a very short, facile book.
Sequoia
Dec 17, 2014 Sequoia rated it really liked it
I'm making it a goal to learn one lesson from each book I read. This book's lesson? Decide to be wealthy. Decide what you want for yourself. It's so much easier to attain if you've made to decision you will do it.
R.S. Jinks
Nov 05, 2014 R.S. Jinks rated it it was amazing
I really loved this book. I tore through it this morning and I'm already figuring out ways to apply these lessons to my life. The author is a genius and understands how the game of life truly works.
Bracken
Mar 18, 2016 Bracken rated it liked it
Shelves: work_management
Very basic. Honestly, I like Dave Ramsey better, although the concepts are essentially the same. Very quick read for those who need to get started with managing their personal finances.
Dwight
Jul 25, 2015 Dwight rated it it was ok  ·  review of another edition
Shelves: library, audiobook
This review has been hidden because it contains spoilers. To view it, click here.
Anne
Dec 15, 2014 Anne rated it really liked it  ·  review of another edition
This is a book I'd like to own and I don't buy very many books. I hope applying the lessons taught will help me reach my financial goals.
Trish
Mar 18, 2016 Trish rated it it was amazing
Shelves: nonfiction, audio, money, 2016
The author has lots of good advice to offer. He has been poor and now has become a millionaire. He is very relatable.
Lisa Petro
Mar 31, 2015 Lisa Petro rated it really liked it
enjoyed the stories and lessons. Some resources that are quoted in the book are no longer available.
Tony Bradshaw
Jun 27, 2015 Tony Bradshaw rated it really liked it
Solid money advice. I enjoyed "Winning in the Margins with Extra Income."
John
Jun 05, 2015 John rated it liked it
Easy to read, listen to, look at, etc.
5 good things to learn, think about, pass on, etc
Being a millionaire is not for everyone, but it is for anyone.
Mary Lou
Oct 25, 2014 Mary Lou rated it liked it
More about attitude than investment strategy. A quick read.
Annalisa
Jul 15, 2008 Annalisa rated it liked it
Recommended to Annalisa by: work
Shelves: resource, non-fiction
Good common sense about money. Nobody wants to discuss money so we don't always learn good money habits. Principles include taking financial responsibility (know where your money is coming from, how much you have, where you are spending), the importance of saving, and the value of giving back. There is karma with money and being generous instead of hoarding creates more money. Most importantly, Evans points out that money is not the root of all evil, but its all-consuming devour when we love mon ...more
Phyllis Wright
I have trouble reading about money. Nothing bad on Richard, just the subject matter.
Kimbolimbo
Dec 18, 2012 Kimbolimbo rated it it was ok
Shelves: read-in-2012
Haven't read a book by Richard Paul Evans before now because I sort of see him as a formulaic writer with the sole purpose of making money and I figure there are enough people reading his books that I can read other works. While I applaud his success I am not that interested in reading his books. My change in behavior stems from the need for a short audio book and this one served that need. Not a bad read, rather quick and reflective, it gets 2 stars because it was ok, I'd give it 2.5 stars if I ...more
Kerstin Marie
Dec 07, 2014 Kerstin Marie rated it it was amazing
GREAT Book on wealth. I highly recommend it.
Swhe641200
Nov 16, 2014 Swhe641200 rated it it was ok
11.2014. Good read. Good insight and advice.
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When Richard Paul Evans wrote the #1 best-seller, The Christmas Box, he never intended on becoming an internationally known author. His quiet story of parental love and the true meaning of Christmas made history when it became simultaneously the #1 hardcover and paperback book in the nation. Since then, more than eight million copies of The Christmas Box have been printed. He has since written ele ...more
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