How Millionaires Stay Rich Forever - Book Review

"How Millionaires Stay Rich Forever" is a comprehensive financial guide written by CPA J.M. Trippon. Of all the financial books that I have read, and it would be among the top 5 books that I would recommend to someone that wants to build a secure financial future because it is both comprehensive and authoritative. It goes beyond the simple saving and investing strategies that are covered in most introductory personal finance books and also gives detailed information on wills, trusts, taxes, pension decisions, and various legal issues. I feel that "How Millionaires Stay Rich Forever" stands out among other similar books because it goes into sufficient depth to allow the reader to gain a genuine understanding of the topics. In my experience, many introductory financial books don't devote enough time to explaining WHY the reader should follow a certain strategy.

Throughout the book, Trippon draws upon his 20+ years of real-world experience to present real-life "case studies" that show examples of people making and losing large amounts of money due to their financial choices. This approach makes the material much more relatable, and the book is enjoyable to read. While the overarching principles of the book are still applicable, it was printed in 2003 which means that specific details may be out of date, and I would caution the reader to keep that caveat in mind. As always this is simply a book review, nothing should be interpreted as financial advice, and you should always do your own research. #investing #bookreview