Automatic Wealth for Grads…and Anyone Else Just Starting Out – Book Review

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This book is a practical guide for earning a living, perfect for getting started in life. It is filled with wisdom from an experienced and successful businessman and author on topics ranging from investing to selecting a career path, securing a job, earning a high income, and starting a business.

I have read the book multiple times and always find it beneficial. It can assist high school students in learning how to earn a high income and progress in their careers.

The author, Michael Masterson, helps young people develop a future perspective, determining how much money they need to afford their goals and to retire. He encourages investing in the stock market to maximize the compounding effect of interest.

Masterson summarizes primary career path categories, such as retail and wholesale, helping students understand what to expect, and recommends learning marketing, a skill that can be applied to any endeavor. The most valuable parts of the book are the chapters on how to get a job and earn a high income. He explains a step-by-step method based on direct marketing practices—an approach that offers significant benefits to those who employ it.

The chapter on earning a high income is based on the habits and behaviors that a successful person employs, such as paying attention to problems and solutions, and learning a valuable skill that the business highly values.

Nothing about this book is get-rich-quick. It’s a steady approach from a man who became an indispensable employee and went on to start numerous profitable businesses.

Toward the end of the book, Masterson offers real estate investing advice and tips on living like a billionaire. A lot is possible with a modest income.

I highly recommend the book. It offers a career advancement strategy that many young people never encounter; overall, it serves as a blueprint for wealth, a primer for starting a business, and a guide for managing resources wisely.