Reviewed by Foluso Falaye for Readers' Favorite
What if there was a way to attain substantial wealth with any given level of income? Formula for Wealth by Alan James details realistic and measurable ways to achieve certain financial goals. As clearly stated by the author, it is not a get-rich-quick scheme. Rather, it is a book for the wealth builders who are willing to put in the effort and the time it takes. A wide range of subjects that determine wealth is examined: personal finance, wealth management, spending habits, lifestyle choices, unplanned expenses, assets and liabilities, budgets, savings and investments, taxes, and much more. As the title suggests, Formula for Wealth includes some calculations, which would help in mapping out plans with specific time frames for achieving financial goals. In his richly packed book about acquiring wealth, Alan James leaves nothing untouched.
If it sounds too good to be true, it probably is. Formula for Wealth is all about the facts and not the fiction. As someone who already had an idea of a lot of the subjects discussed in the book, I was pleased with the way they all came together to give me new insights about wealth building. Alan James makes it clear that readers can skip the calculations, and I certainly agree; the discussions are comprehensive enough to give readers a complete guide to accumulating riches, and the calculations are more like add-ons. I found both comments and calculations useful and will be applying them in my next financial plans. Finally, I recommend Formula for Wealth to anyone who is serious about taking their financial condition to the next level.