The Top 10 Reasons the Rich Go Broke

Powerful Stories That Will Transform Your Financial Life… Forever

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Pub Date May 26 2020 | Archive Date Jul 05 2020
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Description

THIS BOOK ISN’T JUST FOR THE RICH, IT’S FOR YOU

Although this book is about why the rich go broke, the core message is why people go broke and why so many are never able to achieve their financial dreams.

Unlike the thousands of traditional “how-to” personal finance books that use traditional methods that rarely induce change, these stories elicit something deep within that allows you to achieve lasting financial freedom and peace of mind you want, and you deserve.

There are two ways to share knowledge: you can push information in, or you can draw information out with story. A good story, well told, can change the world.

After 25 years in the trenches guiding thousands of individuals and small business owners, John MacGregor opens the vault to share 10 incredible stories that have the power to transform your financial life forever.

In this book MacGregor reveals for the first time “The B.E.A.R. Trap,” THE underlying reason why so many people suffer financially.

This book answers and solves:

• Why 78% of people are suffering from financial stress and anxiety

• Why 65% of people could not come up with $500 today for an emergency expense

• Why money is the #1 source of stress in our society

• And, why this problem is getting worse―not better―despite all the information available.

This book is not just about putting more money in your pocket, it’s about changing your life forever.

The Million-Dollar Lesson:

LEARNING FROM YOUR MISTAKES IS SMART.

LEARNING FROM OTHER PEOPLE’S MISTAKES IS GENIUS.

THIS BOOK ISN’T JUST FOR THE RICH, IT’S FOR YOU

Although this book is about why the rich go broke, the core message is why people go broke and why so many are never able to achieve their financial...


Advance Praise

"How many do you want?  

I respect John. He is real and has dedicated his life to this important subject. He is a true professional… and a student of his profession. Whenever I have a question on financial planning, he is my “expert,” my advisor on the very important world of financial planning. Robert Kiyosaki Best Selling Author, Rich Dad Poor Dad"

"How many do you want?  

I respect John. He is real and has dedicated his life to this important subject. He is a true professional… and a student of his profession. Whenever I have a question on...


Available Editions

EDITION Other Format
ISBN 9781947588097
PRICE $19.95 (USD)
PAGES 240

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Average rating from 7 members


Featured Reviews

What's your story when it comes to money?
This book offers different insights on financial management- and I loved how the author incorporated stories to his experiences and how he highlighted the beliefs that fed our excuses, then influenced our actions and finally led to results. It's an interesting book and of the traps he shared here, it was quite eye opening to note that I have walked into three of them at some point in my life.
I would however advise that no reader should be fooled by the title- remember the question I asked at the beginning of this review? Yes, this story does not talk about billionaires or mention any of them as case studies, but rather it focuses on you and me- and if you have access to money and you think you are not rich...then that belief right there would make you miss out on some pretty good advice.
Thanks Netgalley for the eARC.

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I’m not really a self help reader usually, but this book caught my eye and it was out of nosiness that I tried it. It even admits in the book that there is “a curiosity, a sense of satisfaction or self preservation hearing stories about the rich losing everything has great appeal and power”.
However, this book uses these stories as a basis to learn from - you don’t have to be rich to learn from the principles of how to be more thoughtful and careful with what money you have and how to learn from the mistakes of others.
The book holds 10 short stories written as a proper little story, not just facts. Then in between each one the author explains why mistakes were made and how to try and make sure you don’t do the same.
It is a book written for an American audience, with all examples and settings being in America, however the principles remain the same.
Overall this book was interesting. It certainly made me stop and reflect on my own financial habits and did make a number of valid, interesting points - but an awful lot was simple common sense and stories of people quite frankly having NO sense when dealing with massive sums of money and not listening to professional advice made me rather unsympathetic to their plight and satisfied my curiosity very well.
I rated this 4⭐️ in the context of its genre (it certainly can’t compare to a great psychological thriller!) 😊

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The book is very good and the stories told are thought provoking. The life seems to be really the way the author described and it is better to get this point early enough. Great book overall with learning points and advice.

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It starts with a bang with foreward by Robert Kiyosaki. Book focuses on bad habits that put people in tricky situations. It leads to loss of fortune that they have accumulated.
After Introduction and lots of biography author starts to dissesct reasons.
He uses stories of his known people to show where they went wrong. Like they spent too much, they believed their financial advisor and 10 similar reasons in all.
Book is simple. Things written are also simple. It is a shirt and pacy read. It is of practical value and recommended to know basic pitfalls that everyone should avoid.
But I thought it should have little less of biography.
Overall a good concise read.
Thanks netgalley and the baby for review copy.

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