The Money Coach Title: The Money Coach's Guide to Your First Million

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Manufacturer: McGraw-Hill
List Price: $24.95
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Customer Reviews:
The Money Coach's Guide to Your First Million by McGraw-Hill

Great strategizer for your personal finances!

Get a pen and paper ready when you read this book. I took numerous pages of notes because all the information is needed at your fingertips to remember everything she discusses in order to succeed. The book gets you motivated from the beginning by doing exercises about debt and future goals. It becomes a valuable tool since you pick one short, medium and long term goal, and begin some sort of savings account for each one.

The most unique thing about this book is it speaks to the very common investor. You don't have to earn a lot or have tons of start up money to invest. There are options discussed on how to invest in real estate that are very valuable.

My only issue with the book was how effortless Khalfani seemed to erase her debt. Most of us don't make six figures, so it takes longer than she did to get out of the hole. The book does describe how to eliminate debt, and not the typical things every other author has written "Don't spend more than you make." But realistically you're probably not going to do it in the time Khalfani did. She had debt around $100,000 and paid it off in a year or so.

This is a great book for those looking to get control of debt and slowly jumping into the world of investing. You will be excited and ready to reach the goals you set in the exercises early in the book. Heck, you may even start setting up the spreadsheets recommended to track debt and monthly expenses. I use the spreadsheets and it has helped me keep track of my spending and given me the ability to make changes where I excessively spent in the past. The debt is slowly being erased at a rate that was my goal to reach, so it has also helped build stronger morale since the debt is finally going away.
The Money Coach's Guide to Your First Million by McGraw-Hill

Money is NOT a Four-Letter Word

I just finished reading Lynnette Khalfani's "Money Coach's Guide to Your First Million" book and will definately be recommending it as a must read to my friends. Now, it's not like Khalfani has any new words of wisdom on how to make it happen but she has a great writing style, lots of facts, and is highly motivational. Would you like to be a millionaire??? Others are. Others will be. Why not ME? Why not YOU??? Khalfani stresses the importance of goals, using integrity, and turning positive habits into positive results. Of all the advice in the book, the most important one is to start TODAY. Do something. List your goals. Brainstorm your talents. Shop for insurance. Yes, you CAN be a millionaire ... 25,000 people become millionaires every day. You'll come out with a whole new attitude with the phrase, "what's in your wallet?"

The Money Coach's Guide to Your First Million by McGraw-Hill

Excellent Primer on Managing Your Personal Finances

I am not good with finances, but am determined to learn how to manage our money better. This book was a terrific place to start and everything was explained in simple language so that it made sense to me. I bought this book for both of my children in college and told them to read it cover to cover to help them set up a personal financial management plan. The book covers the basics, such as how to develop a budget that works, and also provides more details about things like how to make money in real estate and other investments. There are some excellent pieces of advice about how to get out of debt and prepare for unforeseen events that affect financial stability. Khalfani has really covered all the bases. I recommend it to anyone just starting to get their finances in order.
The Money Coach's Guide to Your First Million by McGraw-Hill

Great Info....But the Stock Investing Stuff Is Confusing

I enjoyed the book and plan on applying the principles in it (especially dealing with credit card debt). When I got to the investing part dealing with stocks, I got bored and it was hard to follow. Maybe it's just me and I need to review it again.
The Money Coach's Guide to Your First Million by McGraw-Hill

Real Advice - Perfect for today

This book is a must for anyone especially women who are intimidated by what money is or what it can do for them. It is a great teacher. You can pick it up and take one step at a time. I suggest that you do as she says. the exercises are enlightening, very helpful to see your finances objectively so you know where you are and where you want to be!! Most important do not judge yourself - just start doing what she says now and create your financially future responsibly! Best of luck to you as your financial wealth grows!
The Money Coach's Guide to Your First Million by McGraw-Hill

Product Description

As seen on CNBC, “Dr. Phil,” “Starting Over,” and “Tavis Smiley”

Each day, nearly 25,000 people in the U.S. become millionaires….

Why not you? All it takes is smart planning, shrewd investing, and a little personal coaching-from the world-renowned Money Coach, Lynnette Khalfani. She's living proof that you can go from rags to riches if you follow a few simple guidelines. Believe it or not, Lynnette managed to dig herself out of $100,000 of credit card debt, turn her life around, and become a millionaire herself. Even more amazing: You can do it, too.

The Money Coach's Guide to Your First Million tells you exactly what to do. First you'll formulate an easy-to-follow budget that fits your lifestyle. Then you'll be able to construct a plan to get out of debt, establish perfect credit, and save a bundle, using the same strategies the wealthy do to manage the money they have-and to keep making more.

Soon you'll learn how to invest in stocks and bonds (without losing your shirt) and make a fortune in real estate (without becoming a landlord if you don't want to.) You'll learn the financial benefits of entrepreneurship and discover the SMART way to set goals (Specific, Measurable, Action-oriented, Realistic, and Time-bound.) You'll avoid the most common financial pitfalls and come out on top every time. In fact, you're just 7 steps away from your first million!

The Money Coach's “Millionaire Success Formula” will show you how to:

Make a personal prosperity plan

Invest first, last, and always in your reputation

Live like a lender, not a borrower

Leverage the power of property

Increase your fortune with proven methods not shortcuts

Overcome setbacks and minimize risks to your financial health

Never forget the next generation