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The Five Lessons a Millionaire Taught Me About Life and Wealth
Richard Paul Evans

Fireside, 2005 - 160 pages

average customer review:based on 53 reviews
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   highly recommended  highly recommended





Great Basic Lessons About Money

Richard Paul Evans is best known as the author of The Christmas Box, a book he initially self-published in 1993. The Christmas Box was such a success that Simon & Schuster eventually bought the rights for several million dollars. Since then, Evans has written several other books including this one.

In the preface, Evans answers why an author of inspirational novels would write a book about money.

"If the intent of my efforts as a writer has been to leave the world a better place, then at no time in history has the message of this book been more relevant or needed.

I believe one of the gravest dangers plaguing modern American culture is fiscal irresponsibility. Never before have so many had so much stuff and so little freedom. Debt is forcing us to work more and more, stealing from us our precious time as well as our happiness."

Amen to that.

The premise of the book is that Evans, when a boy, was taught five secrets of wealth by a multimillionaire. The millionaire taught Evans five lessons:

Lesson 1 - Decide to Be Wealthy.

The first step to accomplishing anything is to set the goal and make the commitment.

Lesson 2 - Take Responsibility for Your Money

Do you know how much money you have or how much is coming into your life? What do you spend it on? Grab the reins and take control!

Lesson 3 - Keep a Portion of Everything You Earn

There's an adage that says, "It's not how much you make but how much you keep". In this chapter, Evans describes some simple methods for creating and building your nest egg.

Lesson 4 - Win in the Margins

Often, what you do outside of your day job is what will make you wealthy. Evans encourages us to constantly look for ways to increase our income. He illustrates this concept with several good examples.

Lesson 5 - Give Back

This chapter focuses on an interesting concept that I've discovered in other personal finance books such as Money...It's Not Just for Rich People! by Janine Bolon - giving away your wealth through philanthropy can actually contribute to building your wealth.

One of the best parts of the book is where Evans describes four aspects of what he calls "The Millionaire Mentality" that are essential for building wealth. The book also includes a "Resources" section that gives suggestions on how to "win in the margin" and some useful forms for recording your net worth and cash flow.

Evans credits his personal financial success to implementing these lessons in his life. In fact, he attributes the creation and success of The Christmas Box to the idea of "winning in the margins".

The Five Lessons is a short book (the main section is only 84 pages long, the appendix is 22 and there are 12 pages of forms) but the book's brevity is an advantage because it makes it a quick and enjoyable read. All of Evans' lessons are sound and will benefit anyone seeking to improve their financial position.

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Michael Mihalik is the author of Debt is Slavery: and 9 Other Things I Wish My Dad Had Taught Me About Money. Learn how to gain control of your finances, pay off your debt, and create financial security!


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Succinct Proven Success/Money Principles...

Like others have said... this book doesn't say anything new. However, like someone said "Common sense is common because many people don't use any." The financial realities of most of the populace is that they don't understand (hence follow) these basic principles.

Anyway, this book is short, sweet and to the point. It's not just focusing on money either, but it states that money is a tool that enhances life and doesn't make it. Health, family, doing what you want to do, helping others does. That's a big point that many people waste their entire lives. They end up wealthy but don't have their health or didn't have the chance to give away (yes, give away) their money during their lifetime to family, friends or worthy causes.

If you're looking for a great book on money, wealth, meaning of money in life. This is it or a great start.




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Now I can buy whatever I want.

Five Lessons helped me realize what I wanted out of finances in my life - peace. All the other books I have read on making money made me focus on acquiring money and/or things. At one point I was working 3 jobs. Sure, I was able to buy stuff, but I never slept. About the time I was starting to wonder how much would I pay to take a nap, just a short little nap, a friend gave me this book.

The single most important thing I learned was to define what I considered wealth. I learned what I really want.

I don't make as much money now as I once did, but I only work one job. I sleep at night. I have true joy walking away from impulse purchases, instead of the constant regret that all my stuff made me feel in the past. I can park my car in the garage rather than all the junk I used to collect in a momentary buy of happiness, only to have it uselessly occupy precious space. My marriage is happy, no longer stressed by financial strife. I still have some debts my earlier decisions created, but I am paying them off much faster than I used to hope I ever would. I ain't rich, but this book helped make me a wealthy man.


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Great starting point on the road to financial freedom

There's nothing really new in this book... don't expect to find some incredible new get rich quick scheme, mystical formula, or sure fire investment approach. It's just a good description of a basic, common sense way to accumulate wealth over time.

The beauty of this book is its simplicity: it's a quick and easy read, and it gives practical examples that are meant to get the reader thinking. In a nutshell, Evans' message is:

* Get in the right mindset
* Understand and manage your current financial situation
* Pay yourself first (make savings a normal part of life)
* Look for additional ways to increase income and reduce spending
* Give back

Once the reader has accepted the concepts and has decided to implement them, they can turn to other resources to fill in the details, such as where and how to invest their savings or potential ways to generate additional income.

While it's definitely not a new message, it's a simple and timeless one that has proven itself to work countless times over many generations. While following these principals won't guarantee that everyone will become a millionaire, violating them is almost guaranteed to lead to financial failure!


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Simple yet powerful

This book introduces principles that are simple to understand (a 5 yr old can understand) yet powerful principles if applied in your life. I definitely recommend this book to anyone looking to improve or learn more about managing their financial life. Great book!


reviews: page 1, 2, 3, 4, 5, 6, 7, 8, 9, 10



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 credits those lessons not just with bringing him wealth and success but with bringing him freedom and opportunity in a world where financial slavery is ubiquitous.

In his signature motivational voice, Evans interweaves those influential lessons with personal stories from everyday people. He explains that money should not be the preoccupation of our lives. Rather, if we follow the five principles, we will be free to focus on God, family, and relationships -- the true nourishments of life.

Wise and compelling, The Five Lessons a Millionaire Taught Me About Life and Wealth can be read in a single sitting and will leave you with a new view of what it means to be rich -- and convinced that you, too, can build wealth. The Five Lessons a Millionaire Taught Me About Life and Wealth is endorsed by financial consultants, churches, schools, and marriage counselors.

You cannot afford to be without this book.


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