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After two years of writing and enhancing throughout the pandemic, my e book, Purchase This, Not That: How To Spend Your Means To Wealth And Freedom is completed! 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 imagine Purchase This, Not That (BTNT) might be probably the greatest private finance books on the market. It’s the e book I’ve all the time wished to put in writing to assist readers in every single place stay higher lives on their phrases.

In the course of 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 e book shine.

Cash is just too necessary to be left as much as pontification. In consequence, all the pieces I’ve written within the e book relies 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 be taught from somebody who has been by 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 sensible and sensible method.

Pre-order a hardcover copy of Purchase This, Not That by clicking one of many retailers beneath 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 basically 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 e book will assist change your philosophy.

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

The final word purpose is to maneuver cash into the background so you possibly can cease obsessing over it and begin specializing in doing issues that matter.

I present you the way within the first half of my e book. With actionable recommendation below a logical framework, I provide help to transfer ahead with confidence.

Fixing Dilemmas We Could One Day Encounter

Within the second half of my e book, I speak about lots of life’s dilemmas and easy methods to strategy them utilizing my 70/30 decision-making framework.

If you happen to imagine there’s a 70% chance or larger you’ll make the proper resolution, go for it! On the similar time, have the notice of figuring out you could get issues improper 30% of the time. Until the result is dying or monetary break, it is possible for you to to be taught out of your errors, get well, and make higher selections over time.

My e book encourages you to assume in possibilities, not absolutes. If you happen to assume in absolutes, you’ll probably miss out on numerous nice alternatives since you’ll really feel you want 100% certainty earlier than transferring ahead. Nonetheless, if you happen to begin considering in possibilities, loads of new potentialities opens up.

Listed here are some dilemmas the e book explores:

  • Pay for personal college or public college
  • Be a 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 
  • Put money into actual property or shares
  • When to spend money on tax-advantaged versus taxable accounts
  • Purchase a fixer or a totally reworked house
  • 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 preserve separate accounts
  • Break up or keep married
  • Search fame to spice up your wealth or keep low key
  • Help your grownup kids or allow them to be taught 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 selections that issues most. If any of those matters curiosity you, Purchase This, Not That will provide help to decrease remorse and maximize satisfaction.

Why I Wrote Purchase This, Not That

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

When the pandemic hit in March 2020, I believed why not! If I used to be going to be caught at house anyway for who knew how lengthy, I’d as effectively benefit 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 dropping a boatload of cash. Nonetheless, 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 need to lose her.

Now, each time I feel again to the worldwide monetary disaster, I instantly take into consideration our small seaside 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 here are some extra explanation why I wrote my newest e book.

1) It Had To Be Written

Buy This Not That Book Best Seller On Amazon

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

Once I was approached by Portfolio Penguin Random Home with the e book concept, I observed there additionally weren’t many nonfiction finance books that had been written by individuals with finance backgrounds. Subsequently, I figured I’d as effectively fill the opening once more!

After with the ability to escape company America in my mid-30s and stay the life I need for the previous 10 years, I simply needed to write a e book that might assist different individuals doubtlessly do one thing comparable. When you see how one thing is completed, it’s a lot simpler to imagine the same 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 inexpensive means is necessary. I may create $2,000+ e-courses like some in my friends do. Nonetheless, I felt packing in all the knowledge in a e book 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 consists of many blindspots I’ve needed to doubtlessly assist others see issues extra clearly.

The world is in want of extra monetary schooling. A private finance course needs to be obligatory in highschool or faculty, however it’s curiously not. I stay on this bubble the place I studied economics in faculty, bought 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 purpose is to convey extra monetary schooling to those that search to develop their wealth in a risk-appropriate means. It’s our obligation to share what we all know.

3) Slim The Rising Inequality Hole

Because the international 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 effectively. I need to convey their secrets and techniques and methods of investing and considering to the general public with a view 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 stored questioning why not additionally write about extra fascinating and doubtlessly profitable matters? In spite of everything, you possibly can solely save a lot. However earnings and funding returns are limitless.

After over a 12 months of writing and re-writing my e book, I lastly understood why. With no finance background, writing about anything is way more tough. Therefore, I’ve tried to introduce useful monetary ideas whereas additionally making them simple 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 potential. And if this occurs, your way of life will go up and the rising inequality hole will finally slim.

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 who lived in Asia for 13 years, I was a part of the bulk. Then after I got here to Virginia for highschool and faculty, I turned a part of a minority that made up solely six % of the U.S. inhabitants. The juxtaposition was eye-opening.

At instances, it was arduous to slot in. I bought 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 a few of the experiences had been harsh, additionally they gave me super motivation to attempt more durable.

By highschool, I clearly realized the world isn’t truthful and by no means might be. Subsequently, as an alternative of complaining, I accepted the way in which issues had been and centered on what I may management. I convey this fighter’s mindset to the e book to provide the motivation to push on by irrespective of who you might be or how tough your struggles.

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

Subsequently, I believed it might be good to alter issues up a little bit and supply new views. Possibly there might be extra love and understanding for Asian people in America in the event that they learn a superb e book by an Asian one who helps them. Maybe children who seldom see anyone who appear to be them might be impressed to put in writing their very own e book or do one thing out of the odd.

Together with Individuals Who Stay In Excessive Price Areas

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

With how bifurcated America is, I’m hoping to create an understanding bridge between those that stay on the costly coasts and those that stay 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 awareness 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 selections.

5) Regular Navigation By way of Dangerous Occasions

As somebody who has labored in finance since 1999, I’ve gone by the euphoria and despair of the primary Dotcom bubble. Then I went by 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 easy methods to strengthen my funds in order that it doesn’t matter what occurs, I’ll most probably be OK. I need 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 in 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 ultimately come, which is whenever you’ll want monetary steerage probably the most.

It’s arduous to grasp your true danger tolerance and the way unhealthy issues can get if you happen to don’t undergo a chronic bear market your self. Though the March 2020 crash was violent, it was additionally fast to rebound.

Purchase This, Not That will provide help to navigate by stormy waters in order that irrespective of how wretched the economic 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 really violated my writer’s suggestion of holding the phrase rely to 80,000 phrases. As an alternative, I wrote about 111,000 phrases so I may add as a lot worth as potential given nonfiction finance books are all priced about the identical.

It’s a large e book that may take longer than normal to learn. However there are such a lot of necessary topics that I imagine you’ll really be left wanting for a e book two.

Purchase This, Not That is supposed to be learn and mentioned with buddies and family members. You’ll have a good time debating my reasonings and making your personal circumstances. I actually imagine dialogue and listening to the views of others is the easiest way to be taught and develop.

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

Pre-order a hardcover copy of Purchase This, Not That by clicking one of many retailers beneath. 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 main points of your pre-order buy.

If you happen to order 2 or extra arduous cowl copies, I’ll ship you a free signed bookplate as effectively. 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. If you happen to’re fascinated with bulk ordering (>30) in your e book 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 worth assured based mostly on no matter low cost they provide from now till launch.

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