Don't Worry, Make Money: Spiritual and Practical Ways to Create Abundance and More Fun in Your Life (Don't Sweat the Small Stuff Series)
Richard Carlson | 1900-01-01 00:00:00 | Hyperion Books | 223 | Motivational
From the bestselling coauthor of Handbook for the Soul and Don't Sweat the Small Stuff comes a collection of 100 short essays that feature brilliant strategies for achieving financial success by giving up stress, worry, anger, and fear.
Reviews
When an author writes a book about making money and his comments about investing in the stock market are conspicuously outdated, you'd think he'd consider it incumbent on himself to publish an updated version of the book to compensate for it--if, that is, it's important enough to potentially mislead (at least the most gullible of) his readers into behaving, based on his advice, in a financially reckless manner. Such is the case with Carlson's book, which contains a section called "Don't Worry About the Market--Invest in It," that begins with the following words:
"I believe that one of the closest things to a worry-free, wealth-building strategy is to invest, long term, in the stock market, preferably through your company 401K or, if you're self-employed, your SEP. Why? Because historically, to profit from this simple, well-known strategy, it doesn't matter in the short term if the market is going up or down. You win either way. There is absolutely nothing to worry about."
Carlson's book, it should be noted, was published in 1999, before the advent of what Toni Turner, in her book _Short-Term Trading in the New Stock Market," calls the "delicious volatility" that has become the rule rather than the exception in the financial markets since the turn of the millennium.
To continue publishing a book that includes the sentence "There is absolutely nothing to worry about" with respect to the buy-and-hold investment strategy is, I believe, highly irresponsible. At the very least Carlson should offer a free copy of his book to those who can prove, through documentary evidence of the depletion of their brokerage accounts, that they went broke taking his investment advice to heart.
I have nothing against Carlson's "Don't Sweat the Small Stuff" attitude toward life (although it's easy to claim that "it's all small stuff" when the books you write that claim such things are what prevent you from having to worry about the sorts of financial problems the mere mortals who buy them end up worrying about), nor about this book for the most part (hence the three stars), but if he's going to branch out into areas outside of his expertise--and in particular investing--perhaps he should hire a professional trader and/or investor to oversee his financial advice and make sure historical conditions haven't rendered it obsolete.
Reviews
* When I first read this book, I was totally amazed on how much mistakes that I have done concerning my job.
* You will look on more different ways to stay ahead and be control for your financial income.
* I have more fun in life now as I manage to change my thinking of making money, thanks to the tips given in this book.
Reviews
I don't own a business but the tips in here are "life tips" not necessarily "money" tips. A great book with some wonderful "life" advise.
Reviews
I bought my copy in an used bookshop in Surfers Paradise, Australia.. decided to take back home because of the honest, down to earth advice that some pages exhibit.
I have forund it to be valuable as frequent reading, one chapter at a time and in a random order.. its my opinion the book will be much more valuable if you have already started your process of committment to making money. By that, I mean your inner process, its the part of thinking that creates the path to action (that you must take).
Do it frequently, there is seldom time to talk to a friend who can advice you like this book.
Reviews
I don't think I finished reading this book. It seemed like the same ol' same ol' chicken soup stuff. I found nothing new in the half of it that I read.
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