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HomeValue InvestingWhy I Wrote A New Private Finance E-book: Purchase This, Not That

Why I Wrote A New Private Finance E-book: Purchase This, Not That


After two and a half years of brainstorming, writing and enhancing throughout the pandemic, my e-book, Purchase This, Not That: How To Spend Your Manner To Wealth And Freedom is finished! The e-book is now a bestseller and will be bought on Amazon, B&N, and in bookstores in every single place.

I’ve spent a mixed 30+ years working in finance, learning finance, and writing about finance. Because of this, I firmly imagine Purchase This, Not That (BTNT) shall be top-of-the-line private finance books on the market. It’s the e-book I’ve at all times needed to jot down to assist readers in every single place reside higher lives on their phrases.

Throughout 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. Subsequently, every little thing 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 provides 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 barely a method 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 degree of monetary independence, the place your passive funding earnings covers your dwelling bills, the world opens up.

The last word objective is to maneuver cash into the background so you may cease obsessing over it and begin specializing in doing issues that matter.

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

Fixing Dilemmas We Might One Day Encounter

Within the second half of my e-book, I speak about a lot of life’s dilemmas and how you can method them utilizing my 70/30 decision-making framework.

Should you imagine there’s a 70% likelihood or better you’ll make the right resolution, go for it! On the similar time, have the notice of understanding you could get issues fallacious 30% of the time. Except the end result is loss of life or monetary smash, it is possible for you to to be taught out of your errors, recuperate, and make higher decisions over time.

My e-book encourages you to assume in chances, not absolutes. Should you assume in absolutes, you’ll probably miss out on quite a lot of nice alternatives since you’ll really feel you want 100% certainty earlier than shifting ahead. Nevertheless, in the event you begin considering in chances, loads of new potentialities opens up.

Listed here are some dilemmas the e-book explores:

  • Pay for personal college or public college
  • Be 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
  • Dwell 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 completely transformed dwelling
  • Marry for love or marry for cash
  • Have youngsters early or late
  • Return to work or be a stay-at-home-parent
  • Mix your funds or hold separate accounts
  • Break up or keep married
  • Search fame to spice up your wealth or keep low key
  • Assist your grownup youngsters or allow them to be taught to swim

And so many extra subjects.

Once more, cash is only one a part of the equation. It’s how we use our cash to make higher decisions that issues most. If any of those subjects 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 revealed e-book. As a drained father of two younger youngsters who additionally publishes three-to-four instances per week on Monetary Samurai, I already had my arms full. Nevertheless, when Noah, an editor at Portfolio Penguin approached me on December 2, 2019, concerning the thought, 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 dwelling anyway for who knew how lengthy, I’d as properly profit from a suboptimal state of affairs. 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 shedding a boatload of cash. Nevertheless, 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 wish 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 understanding 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 seen there weren’t any private finance bloggers with finance backgrounds. Subsequently, I believed it could be a good suggestion to fill this apparent gap. I considered cash a little bit otherwise and needed to carry my experience and views to the world.

After I was approached by Portfolio Penguin Random Home with the e-book thought, I seen there additionally weren’t many nonfiction finance books that had been written by folks with finance backgrounds. Subsequently, I figured I’d as properly fill the opening once more!

After having the ability to escape company America at 34 and reside the life I need for the previous 10 years, I simply needed to write a e-book that might assist different folks probably do one thing comparable. When you see how one thing is finished, it’s a lot simpler to imagine an analogous path is feasible for you.

2) The Significance Of Monetary Training

There’s a complete world of customers on the market who like to learn books and never blogs. Subsequently, it was solely logical to jot down Purchase This, Not That to try to attain them.

Creating most influence in an reasonably priced means is necessary. I might create $2,000+ e-courses like a few of my friends do. Nevertheless, I felt packing in all the data 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 probably assist others see issues extra clearly.

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

3) Slim The Rising Inequality Hole

For the reason that world 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 properly. I wish to carry their secrets and techniques and methods of investing and considering to the general public in an effort to assist extra folks 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 attention-grabbing and probably profitable subjects? In spite of everything, you may 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. And not using a finance background, writing about the rest is far more troublesome. Therefore, I’ve tried to introduce useful monetary ideas whereas additionally making them simple to grasp. There are two ranges of wealthy, and the very best degree didn’t get there by simply saving and investing in index funds.

My hope is with the data you’ll achieve from studying Purchase This, Not That, you’ll construct far more wealth in your lifetime than you thought attainable. And if this occurs, your lifestyle 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 school, I grew to become a part of a minority that made up solely six p.c of the U.S. inhabitants. The juxtaposition was eye-opening.

At instances, it was laborious 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 number of the experiences had been harsh, in addition they gave me great motivation to strive more durable.

By highschool, I clearly realized the world isn’t truthful and by no means shall be. Subsequently, as an alternative of complaining, I accepted the way in which issues had been and targeted on what I might management. I carry this fighter’s mindset to the e-book to provide the motivation to push on by irrespective of who you’re or how troublesome your struggles. Consider BTNT as your aggressive benefit to getting forward.

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

Subsequently, I believed it could be good to vary issues up a little bit and present new views. Perhaps there shall 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 youngsters who seldom see anyone who seem like them shall be impressed to jot down their very own e-book or do one thing out of the strange.

Together with Folks Who Dwell In Excessive Value Areas

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

With how bifurcated America is, I’m hoping to create an understanding bridge between those that reside on the costly coasts and those that reside inland. In the end, all of us have the identical objectives 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 information of different folks and their private conditions. Let’s spend extra time attending to know one another and fewer time judging folks for his or her decisions.

5) Regular Navigation By way of Unhealthy Instances

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 couple of years later with a major quantity of capital.

After every collapse, I’ve discovered how you can strengthen my funds in order that it doesn’t matter what occurs, I’ll most probably be OK. I wish to share what I’ve discovered to assist extra folks survive downturns with out an excessive amount of hurt. Studying Purchase This, Not That will assist armor your funds and supply safety on your family. The e-book can even provide the braveness to do extra of what you need.

For thus lengthy, it’s solely been good instances. And you’ll have learn solely the views of people that’ve solely skilled good instances since 2009. This may be very harmful. Unhealthy instances will finally come, which is while you’ll want monetary steerage essentially the most.

It’s laborious to grasp your true threat tolerance and the way unhealthy issues can get in the event you don’t undergo a protracted bear market your self. Though the March 2020 crash was violent, it was additionally fast to rebound. Now issues are as soon as once more very unsure, which is the place BTNT readers will outperform.

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 troublesome 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 Manner To Wealth And Freedom. I really violated my writer’s advice of preserving the phrase depend to 80,000 phrases. As an alternative, I wrote about 111,000 phrases so I might add as a lot worth as attainable given nonfiction finance books are all priced about the identical.

It’s a massive e-book full of significant info that will help you get pleasure from a greater life. 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 individual instances. I really imagine dialogue and listening to the views of others is one of the best ways to be taught and develop.

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 type with the main points of your pre-order buy.

Should you order 2 or extra laborious cowl copies, I’ll ship you a free signed bookplate as properly. Please fill out this type after finishing your buy to submit your buy particulars and mailing tackle.

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To Your Monetary Freedom,

Sam

P.S. Should you’re focused on bulk ordering (>25) on 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 value assured primarily based on no matter low cost they provide from now till launch.

To date I’ve video talks with people at Google, Yelp, William & Mary, and several other different organizations. In case your group wish to assist my e-book and take heed to a non-public speak, please shoot me an e-mail or go away a remark.

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