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Book Review of: Financial Sorcery
Magical Strategies to Create Real and Lasting Wealth
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Financial Sorcery, by Author (Hardcover, 2012)|
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This book is clearly intended for a specific demographic, of which I am not a member. Much of the material does not apply to, or interest, people outside that demographic. However, even for us it has good information and that information easily justifies the cover price.
Mr. Miller covered all the basics of personal financial management and went beyond those in many cases to some "outside the box" but very effective concepts similar to those that appear in the Mindconnection electronic newsletter. Because the book is well-organized, it's simple enough for "us" to skip over the parts that don't interest us and focus on what we would consider the practical information.
The key to the identity of the target demographic is in the title. They
are people who believe in sorcery. So there is specific advice on performing
certain rituals to help achieve specific goals.
Since I know nothing about sorcery, my review will exclude coverage of that aspect.
First of all, I like Mr. Miller's writing style. It's clear, direct, and easy to follow. His writing has a certain rhythm that moves the reader along (some writers don't get this, and the "beat" in their word flow can make it difficult for the reader to stay awake). If there were grammatical errors, I was too, er, entranced to notice.
I also like the fact that he shares where he personally has erred in this or that principle, rather than talking down to the reader. I've seen some authors do this as a copout and others do it in a manner that actually undermines the point of reading the material. It can be a fine line, but I think the key is sincerity. That comes across in how he discusses where he went wrong and what he did about it, or where he just makes a single remark about how he wished he'd learned that particular lesson earlier.
Most of the practical advice comes out of the standard personal financial management literature. There are no crazy theories about how to get rich quick. There are no counterintuitive exhortations to go deeply into debt and "get rich off other people's money."
In the first chapter, Mr. Miller lays the foundation for having a sane perspective on money. He points out that many people try to serve money. And he discusses why this is self-defeating.
A friend of mine used to teach entrepreneurs in a program run by the Kaufmann Foundation. He would ask budding entrepreneurs what motivated them to go into business. Most of them had a real passion for what they were doing. For example, one student was passionate about restoring expensive wood furniture to make it stunningly beautiful. It was flawless when he was done with it. I know this, because in my home I look at his work every day.
Some of these students, however, said they just wanted to be rich. Your passion shows in the quality of your work. Which businesses do you think were able to build a base of seriously devoted, high-referring customers?
That's my illustration of just one of the principles Mr. Miller goes into, here. He covers several others, such as understanding the difference between being rich and being wealthy. This, like the others, is a fundamental concept in money management.
In other chapters, he discusses how to target your needs versus your wants (not his words exactly, but that's the idea), how to eliminate debt (most of what he recommends is the classic strategy), and general financial management tips. He also has a chapter on finding a job, and this is also, like some other advice, mostly from the standard literature. And in one chapter, he discusses how to supplement your income with part-time work, freelancing, and passive income. All good stuff, mostly from the standard literature, all with a solid track record, and all generally not followed by people much to their loss.
So even if you share my non-belief in sorcery, you will benefit from reading and applying the practical advice in this book. That is, unless you are already financially sophisticated. But if you have money problems of any sort, this book can probably help you.
Financial Sorcery consists of an introduction, thirteen chapters, and a conclusion (titled "Parting Words) across 194 pages. It's also indexed, has backnotes, has a short "about the author, and has a short "about the illustrator."