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Why I Wrote A New Private Finance Ebook: Purchase This, Not That

After two of brainstorming, writing, rewriting, and modifying in the course of the pandemic, my e-book, Purchase This, Not That: How To Spend Your Method To Wealth And Freedom is now obtainable!

The e-book turned an on the spot Wall Road Journal bestseller and could be bought on Amazon, B&N, and in bookstores all over the place. Purchase This, Not That additionally turned a #1 bestseller on Amazon in Retirement Planning. Hooray!

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) is among the greatest private finance books on the market. It’s the e-book I’ve all the time needed to put in writing to assist readers all over the place stay higher lives on their phrases.

Throughout the course of my writing course of, I additionally learn over a dozen nonfiction books to know what makes good books nice. I then labored in my concepts with my editors at Portfolio Penguin Random Home to make the e-book shine.

Cash is simply too necessary to be left as much as pontification. Subsequently, every part I’ve written within the e-book relies on firsthand expertise from a finance veteran. This fashion, 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 study from somebody who has been by means of 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 boldness and the motivation to beat life’s greatest dilemmas in a sensible and sensible method.

Order a hardcover copy of Purchase This, Not That by clicking one of many retailers under. My e-book is your unfair aggressive benefit for getting forward on this brutally aggressive world!

Buy This Not That_Amazon
Buy This Not That_Barnes-Noble
Buy This Not That_Indiebound

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 just 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 stage of monetary independence, the place your passive funding revenue covers your residing bills, the world opens up.

The last word purpose 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 below a logical framework, I assist you transfer ahead with confidence.

Fixing Dilemmas We Might One Day Encounter

Within the second half of my e-book, I deal with lots of life’s dilemmas and find out how to method them utilizing my 70/30 decision-making framework.

When you imagine there’s a 70% chance or larger you’ll make the proper resolution, go for it! On the identical time, have the notice of realizing chances are you’ll get issues mistaken 30% of the time. Until the end result is loss of life or monetary smash, it is possible for you to to study out of your errors, get better, and make higher decisions over time.

My e-book encourages you to suppose in chances, not absolutes. When you suppose in absolutes, you’ll doubtless miss out on plenty of nice alternatives since you’ll really feel you want 100% certainty earlier than transferring ahead. Nonetheless, in the event you begin pondering in chances, loads of new potentialities opens up.

Listed below 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 life-style enterprise or go for the grand slam
  • Job hop or keep a loyal soldier
  • Reside in an costly coastal metropolis or transfer to a low-cost space 
  • Spend money on actual property or shares
  • When to spend money on tax-advantaged versus taxable accounts
  • Purchase a fixer or a completely transformed residence
  • 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 maintain 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 study 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 assist you 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 3 times per week on Monetary Samurai, I already had my fingers full. Nonetheless, when Noah, an editor at Portfolio Penguin approached me on December 2, 2019, in regards to the concept, I used to be intrigued.

When the pandemic hit in March 2020, I assumed why not! If I used to be going to be caught at residence anyway for who knew how lengthy, I would as nicely take advantage of a suboptimal state of affairs. That is the Monetary Samurai mindset!

Again in 2008, one thing comparable occurred. The world monetary disaster was beginning to deepen and I used to be dropping a boatload of cash. Nonetheless, 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 believe again to the worldwide monetary disaster, I instantly take into consideration our small seashore 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 realizing I did one thing productive to assist others.

Listed below are some extra explanation why I wrote my newest e-book.

1) It Had To Be Written

Buy This, Not That: How To Spend Your Way To Wealth And Freedom Bestseller

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 assumed it might be a good suggestion to fill this apparent gap. I considered cash otherwise and needed to convey my experience and views to the world.

Once I was approached by Portfolio Penguin Random Home with the e-book concept, I seen there additionally weren’t many nonfiction finance books that had been written by individuals with finance backgrounds. Additional, each my spouse and I are practitioners of early retirement, not pontificators with regular paychecks. Subsequently, I figured I would as nicely fill the outlet once more and share my views!

After with the ability to escape company America at 34 and stay the life I need for the previous 10 years, I simply needed to write a e-book that would assist different individuals doubtlessly 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 Schooling

There’s an entire world of customers on the market who like to learn books and never blogs. Subsequently, it was solely logical to put in writing Purchase This, Not That to try to attain them.

Creating most affect in an inexpensive manner is necessary. I might create $2,000+ e-courses like some friends do. Nonetheless, I felt packing in all the data in a e-book that prices $27 or much less was a extra accessible resolution.

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 individual alongside the best way. Purchase This, Not That consists of many blindspots I’ve needed to doubtlessly assist others see issues extra clearly.

The world is in want of extra monetary training. A private finance course ought to be obligatory in highschool or faculty, however it’s curiously not. I stay on this bubble the place I studied economics in faculty, acquired 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 purpose is to convey extra monetary training to those that search to develop their wealth in a risk-appropriate manner. It’s our obligation 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 prime 0.1%, have blown previous the highest 1% as nicely. I wish to convey their secrets and techniques and methods of investing and pondering to the general public so as to assist extra individuals 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 fascinating and doubtlessly profitable subjects? In spite of everything, you may solely save a lot. However revenue 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 past budgeting and saving is far more tough. No surprise why so many private finance books simply scratch the floor of so many necessary subjects. Therefore, I’ve launched useful monetary ideas, gone deep with a number of topic issues, whereas additionally making them straightforward to know. There are two ranges of wealthy. The best stage didn’t get there by means of simply saving and investing in index funds.

My hope is with the information you’ll achieve from studying Purchase This, Not That, you’ll construct far more wealth in your lifetime than you thought doable. And if this occurs, your way of life 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 once I got here to Virginia for highschool and faculty, I turned a part of a minority that made up solely six p.c of the U.S. inhabitants. The juxtaposition was eye-opening.

At occasions, it was arduous to slot in. I acquired into fistfights and was suspended as soon as. I typically felt like I needed to battle to be given an equal alternative to take part. Though a few of the experiences had been harsh, in addition they gave me great motivation to attempt more durable.

By highschool, I clearly realized the world isn’t honest and by no means will probably be. Subsequently, as an alternative of complaining, I accepted the best way issues had been and centered on what I might management. I convey this fighter’s mindset to the e-book. It offers you the motivation to push on by means of irrespective of who you’re or how tough your struggles.

BTNT is your unfair aggressive benefit to getting forward!

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

Subsequently, I assumed it might be good to vary issues up somewhat and present new views. Possibly there will probably be extra love and understanding for Asian of us in America in the event that they learn a great e-book by an Asian one who helps them. Maybe children who seldom see anyone who seem like them will probably be impressed to put in writing their very own e-book or do one thing out of the strange.

Together with Folks Who Reside In Excessive Price Areas

As well as, a big proportion of each nation’s inhabitants lives in costlier city cities. Excessive value of residing 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 stay on the costly coasts and people who stay inland. Finally, all of us have the identical targets 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 awareness of different individuals and their private conditions. Let’s spend extra time attending to know one another and fewer time judging individuals for his or her decisions.

5) Regular Navigation By means of Unhealthy Occasions And Good Occasions

As somebody who has labored in finance since 1999, I’ve gone by means of the euphoria and despair of the primary Dotcom bubble. Then I went by means of the funding mania of 2007 and the devastation just a few years later with a major quantity of capital.

After every collapse, I’ve discovered find out how to strengthen my funds in order that it doesn’t matter what occurs, I’ll almost definitely be OK. I wish to share what I’ve discovered to assist extra individuals survive downturns with out an excessive amount of hurt. Studying Purchase This, Not That will assist armor your funds and supply safety to 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 occasions. And you could have learn solely the views of people that’ve solely skilled good occasions since 2009. This may be very harmful. Unhealthy occasions will finally come, which is if you’ll want monetary steering essentially the most.

It’s arduous to know your true danger tolerance in the event you don’t undergo a chronic 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 assist you navigate by means of stormy waters in order that irrespective of how wretched the financial system, you’ll not drown however thrive. Having peace of thoughts throughout tough occasions is priceless.

Beneath is a snap shot of BTNT making the Wall Road Journal bestseller listing. It felt good to be the one new entrant and the one individual with black hair to take action. Breaking the established order!

Buy This Not That Wall Street Journal Bestseller
BTNT is a WSJ Bestseller

Thank You For Studying Purchase This, Not That!

I’m thrilled for y’all to learn Purchase This, Not That: How To Spend Your Method To Wealth And Freedom. I really violated my writer’s advice of conserving the phrase depend to 80,000 phrases. As an alternative, I wrote about 111,000 phrases. I needed toadd as a lot worth as doable given nonfiction books are all about the identical worth.

It’s a large e-book full of significant data that will help you take pleasure in 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 pals and family members. You’ll have a good time debating my reasonings and making your personal circumstances. I actually imagine dialogue and listening to the views of others is the easiest way to study and develop.

Order a hardcover copy of Purchase This, Not That by clicking one of many retailers under.

Buy This Not That_Amazon
Buy This Not That_Barnes-Noble
Buy This Not That_Books-a-million
Buy This Not That_Hudson-booksellers
Buy This Not That_Indiebound

Digital Talking

When you’re thinking about doing an writer chat, shoot me an e-mail at gross sales AT financialsamurai DOT com. BTNT is supposed to be learn with others and mentioned. And who higher to steer the dialog than the writer of the e-book!

Thus far I’ve video talks with of us at Google, Yelp, William & Mary, Fb, and a number of other different organizations. They’ve all been plenty of enjoyable.

Lastly, in the event you’re excited about turning into knowledgeable author, listed below are my ideas about find out how to make it work. It’s not straightforward, however you’ll really feel an amazing quantity of satisfaction after you’re performed. Write since you love to put in writing, not since you wish to earn money!

Thanks for selecting up a hardcopy of Purchase This, Not That. When you take pleasure in it, please go away a pleasant evaluation on Amazon or wherever you bought it. It’s the very best present an writer might obtain.

Buy This, Not That: How To Spend Your Way To Wealth And Freedom Bestseller

To Your Monetary Freedom,




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