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After two years of writing and modifying in the course of the pandemic, my ebook, Purchase This, Not That: How To Spend Your Means To Wealth And Freedom is finished! It comes out on July 19, 2022, in shops in every single place.

After spending a mixed 30+ years working in finance, learning finance, and writing about finance, I firmly consider Purchase This, Not That (BTNT) will likely be among the finest private finance books on the market. It’s the ebook I’ve all the time wished to put in writing to assist readers in every single place reside higher lives on their phrases.

Throughout the course of my writing course of, I additionally learn over a dozen nonfiction books to grasp what makes good books nice and a few books not so nice. I then labored in my concepts with my editors at Portfolio Penguin Random Home to make the ebook shine.

Cash is simply too necessary to be left as much as pontification. In consequence, every thing I’ve written within the ebook is predicated on firsthand expertise. This manner, I can share with you the great and the unhealthy that will help you make higher selections. The key to cease saying, “If I knew then what I do know now,” is to easily study from somebody who has been by way of what you’ll undergo.

I’ve additionally arrange monetary frameworks to assist information you in your path to monetary freedom. Consider BTNT as your monetary coach who offers you the arrogance to face life’s largest dilemmas in a wise and sensible method.

Pre-order a hardcover copy of Purchase This, Not That by clicking one of many retailers under to make sure supply on the discharge date.

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Monetary Independence Is Solely Half Of The Journey

When you get your cash proper, you can begin higher specializing in issues that actually matter to you. In spite of everything, cash is simply a way to an finish. And for these of you who deal with cash as the top all be all, I hope my ebook will assist change your philosophy.

When you obtain a sure degree of economic independence, the place your passive funding earnings covers your residing bills, the world opens up.

The last word aim is to maneuver cash into the background so you may cease obsessing over it and begin specializing in doing issues that matter.

I present you the way within the first half of my ebook. With actionable recommendation beneath a logical framework, I aid you transfer ahead with confidence.

Fixing Dilemmas We Might One Day Encounter

Within the second half of my ebook, I speak about lots of life’s dilemmas and find out how to strategy them utilizing my 70/30 decision-making framework.

Should you consider there’s a 70% likelihood or higher you’ll make the proper determination, go for it! On the similar time, have the attention of figuring out it’s possible you’ll get issues incorrect 30% of the time. Except the end result is demise or monetary destroy, it is possible for you to to study out of your errors, recuperate, and make higher decisions over time.

My ebook encourages you to suppose in possibilities, not absolutes. Should you suppose in absolutes, you’ll doubtless miss out on a variety of nice alternatives since you’ll really feel you want 100% certainty earlier than shifting ahead. Nevertheless, for those who begin pondering in possibilities, loads of new potentialities opens up.

Listed below are some dilemmas the ebook explores:

  • Pay for personal faculty or public faculty
  • Be part of a startup or work for a longtime firm
  • Begin a way of life enterprise or go for the grand slam
  • Job hop or keep a loyal soldier
  • Stay in an costly coastal metropolis or transfer to a low-cost space 
  • Spend money on actual property or shares
  • When to put money into tax-advantaged versus taxable accounts
  • Purchase a fixer or a completely reworked dwelling
  • Marry for love or marry for cash
  • Have kids early or late
  • Return to work or be a stay-at-home-parent
  • Mix your funds or maintain separate accounts
  • Break up or keep married
  • Search fame to spice up your wealth or keep low key
  • Assist your grownup kids or allow them to study to swim

And so many extra matters.

Once more, cash is only one a part of the equation. It’s how we use our cash to make higher decisions that issues most. If any of those matters curiosity you, Purchase This, Not That will aid you decrease remorse and maximize satisfaction.

Why I Wrote Purchase This, Not That

I wasn’t planning on writing a historically revealed ebook. As a drained father of two younger kids who additionally publishes three-to-four instances every week on Monetary Samurai, I already had my arms full. Nevertheless, when Noah, an editor at Portfolio Penguin approached me on December 2, 2019, concerning the concept, I used to be intrigued.

When the pandemic hit in March 2020, I assumed why not! If I used to be going to be caught at dwelling anyway for who knew how lengthy, I’d as properly profit from a suboptimal scenario. Apart from, such a problem doesn’t come round too typically.

Again in 2008, one thing comparable occurred. The worldwide monetary disaster was beginning to deepen and I used to be shedding a boatload of cash. Nevertheless, it was in the summertime of 2008 that I lastly determined to suggest to my girlfriend of 9 years. I knew that even when I misplaced all my cash, I didn’t wish to lose her.

Now, each time I believe again to the worldwide monetary disaster, I instantly take into consideration our small seashore wedding ceremony, not the financial calamity throughout that point interval. By writing Purchase This, Not That throughout a pandemic, I’ll look again and really feel good figuring out I did one thing productive to assist others.

Listed below are some extra the explanation why I wrote my newest ebook.

1) It Had To Be Written

Buy This Not That Book Best Seller On Amazon

One of many the explanation why I began Monetary Samurai in 2009 is as a result of I seen there weren’t any private finance bloggers with finance backgrounds. Subsequently, I assumed it will be a good suggestion to fill this apparent gap. I thought of cash a bit in a different way and wished to convey my experience and views to the world.

Once I was approached by Portfolio Penguin Random Home with the ebook concept, I seen there additionally weren’t many nonfiction finance books that have been written by individuals with finance backgrounds. Subsequently, I figured I’d as properly fill the outlet once more!

After with the ability to escape company America in my mid-30s and reside the life I need for the previous 10 years, I simply needed to write a ebook that might assist different individuals probably do one thing comparable. When you see how one thing is finished, it’s a lot simpler to consider an analogous path is feasible for you.

2) The Significance Of Monetary Schooling

There’s a complete world of customers on the market who like to learn books and never blogs. Subsequently, it was solely logical to put in writing Purchase This, Not That to try to attain them.

Creating most impression in an reasonably priced means is necessary. I might create $2,000+ e-courses like some in my friends do. Nevertheless, I felt packing in all the knowledge in a ebook that prices $27 or much less was a extra accessible answer.

After 13 years of writing on Monetary Samurai, I’ve additionally gathered a wealth of various views from over 90 million guests. These views have helped me make higher selections and be a extra empathetic particular person alongside the way in which. Purchase This, Not That contains many blindspots I’ve needed to probably assist others see issues extra clearly.

The world is in want of extra monetary training. A private finance course needs to be obligatory in highschool or school, however it’s curiously not. I reside on this bubble the place I studied economics in school, received my MBA, labored in funding banking for 13 years, and have written over 2,500 private finance articles since 2009.

The issues that appear apparent to me or others with finance backgrounds don’t appear as apparent to these with out monetary backgrounds. Subsequently, my aim is to convey extra monetary training to those that search to develop their wealth in a risk-appropriate means. It’s our responsibility to share what we all know.

3) Slender The Rising Inequality Hole

Because the world monetary disaster in 2008-2009, the wealthy have gotten terribly wealthy in comparison with the center class. In the meantime, these within the high 0.1%, have blown previous the highest 1% as properly. I wish to convey their secrets and techniques and methods of investing and pondering to the general public with a purpose to assist extra individuals construct wealth.

Whereas writing Purchase This, Not That I additionally had an epiphany as to why so many private finance authors write primarily solely about saving cash, budgeting, and index funds. I saved questioning why not additionally write about extra attention-grabbing and probably profitable matters? In spite of everything, you may solely save a lot. However earnings and funding returns are limitless.

After over a 12 months of writing and re-writing my ebook, I lastly understood why. And not using a finance background, writing about the rest is way more tough. Therefore, I’ve tried to introduce useful monetary ideas whereas additionally making them straightforward to grasp.

My hope is that with the information you’ll acquire from studying Purchase This, Not That, you’ll construct far more wealth in your lifetime than you thought attainable. And if this occurs, your way of life will go up and the rising inequality hole will in the end slender.

Why I Wrote A New Personal Finance Book: Buy This, Not That - net worth levels by class

4) New Views With Extra Illustration

As an Asian one that lived in Asia for 13 years, I was a part of the bulk. Then once I got here to Virginia for highschool and school, I grew to become a part of a minority that made up solely six % of the U.S. inhabitants. The juxtaposition was eye-opening.

At instances, it was exhausting to slot in. I received into fistfights, was suspended as soon as, and felt like I used to be typically battling to be given an equal alternative to take part. Though among the experiences have been harsh, in addition they gave me great motivation to strive more durable.

By highschool, I clearly realized the world isn’t honest and by no means will likely be. Subsequently, as an alternative of complaining, I accepted the way in which issues have been and targeted on what I might management. I convey this fighter’s mindset to the ebook to provide the motivation to push on by way of regardless of who you’re or how tough your struggles.

We all know individuals are biased in direction of individuals who look, suppose, and speak like them. It’s why podcast interviewees, award-winners, bestsellers, and households who attend elite faculties are usually fairly homogenous.

Subsequently, I assumed it will be good to alter issues up a bit and supply new views. Perhaps there will likely be extra love and understanding for Asian of us in America in the event that they learn a great ebook by an Asian one that helps them. Maybe children who seldom see anyone who appear to be them will likely be impressed to put in writing their very own ebook or do one thing out of the extraordinary.

Together with Folks Who Stay In Excessive Value Areas

As well as, a big proportion of each nation’s inhabitants lives in costlier city cities. Excessive price of residing areas presents some distinctive challenges which I deal with within the ebook.

With how bifurcated America is, I’m hoping to create an understanding bridge between those that reside on the costly coasts and people who reside inland. In the end, all of us have the identical targets of supporting our nation and doing extra of what we wish.

I’m satisfied most battle on this world is because of a lack of know-how of different individuals and their private conditions. Let’s spend extra time attending to know one another and fewer time judging individuals for his or her decisions.

5) Regular Navigation By Dangerous Occasions

As somebody who has labored in finance since 1999, I’ve gone by way of the euphoria and despair of the primary Dotcom bubble. Then I went by way of the funding mania of 2007 and the devastation a number of years later with a major quantity of capital.

After every collapse, I’ve realized find out how to strengthen my funds in order that it doesn’t matter what occurs, I’ll most definitely be OK. I wish to share what I’ve realized to assist extra individuals survive downturns with out an excessive amount of hurt. Studying Purchase This, Not That will assist armor your funds and supply safety to your family.

For therefore lengthy, it’s solely been good instances. And you could have learn solely the views of people that’ve solely skilled good instances since 2009. This may be very harmful. Dangerous instances will finally come, which is if you’ll want monetary steering essentially the most.

It’s exhausting to grasp your true danger tolerance and the way unhealthy issues can get for those who don’t undergo a protracted bear market your self. Though the March 2020 crash was violent, it was additionally fast to rebound.

Purchase This, Not That will aid you navigate by way of stormy waters in order that regardless of how wretched the financial system, you’ll not drown however thrive. Having peace of thoughts throughout tough instances is priceless.

Thank You For Studying Purchase This, Not That!

I’m thrilled for y’all to learn Purchase This, Not That: How To Spend Your Means To Wealth And Freedom. I truly violated my writer’s advice of holding the phrase rely to 80,000 phrases. As a substitute, I wrote about 111,000 phrases so I might add as a lot worth as attainable given nonfiction finance books are all priced about the identical.

It’s a huge ebook that can take longer than normal to learn. However there are such a lot of necessary topics that I consider you’ll truly be left wanting for a ebook two.

Purchase This, Not That is supposed to be learn and mentioned with pals and family members. You’ll have a good time debating my reasonings and making your personal circumstances. I actually consider dialogue and listening to the views of others is one of the simplest ways to study and develop.

I plan to do some in-person occasions within the San Francisco Bay Space, Honolulu, and maybe NYC in the course of the U.S. Open. Keep tuned!

Pre-order a hardcover copy of Purchase This, Not That by clicking one of many retailers under. As a thanks for putting a pre-order, you’ll get entry to my behind-the-scenes interview as a free bonus. Merely fill out this form with the small print of your pre-order buy.

Should you order 2 or extra exhausting cowl copies, I’ll ship you a free signed bookplate as properly. Please fill out this form after finishing your buy to submit your buy particulars and mailing deal with.

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To Your Monetary Freedom,

Sam

P.S. Should you’re curious about bulk ordering (>30) to your ebook membership, firm, or group, please e-mail gross sales AT financialsamurai DOT com. I’ll put you in contact with Penguin for a bulk order low cost. In any other case, Amazon supplies those that pre-order the bottom value assured based mostly on no matter low cost they provide from now till launch.

I will likely be doing video talks with staff at Google, Yelp, William & Mary, and a number of other different organizations by way of July. In case your group wish to assist my ebook, please shoot me an e-mail or go away a remark.