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Download Eight Steps to Seven Figures: The Investment Strategies of Everyday Millionaires and How You Can Become Wealthy Too Audiobook

Extended Audio Sample Eight Steps to Seven Figures: The Investment Strategies of Everyday Millionaires and How You Can Become Wealthy Too Audiobook, by Charles Carlson Click for printable size audiobook cover
3.67 out of 53.67 out of 53.67 out of 53.67 out of 53.67 out of 5 3.67 (0 ratings) (rate this audio book) Author: Charles Carlson, Charles B. Carlson Narrator: Charles Carlson, Charles B. Carlson Publisher: Penguin Random House Format: Abridged Audiobook Delivery: Instant Download Audio Length: Release Date: July 2000 ISBN: 9780553750461
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In the tradition of the megabestseller The Millionaire Next Door, Eight Steps to Seven Figures brings together in-depth interviews with over two hundred everyday people whose investments have made them millionaires. But while The Millionaire Next Door describes its subjects' lifestyles and spending habits, Eight Steps to Seven Figures focuses squarely on the investing strategies and principles that ordinary people have used to achieve the magic million-dollar mark.

Bestselling author and chartered financial analyst (CFA) Charles Carlson reveals the keys used by the newly wealthy to reap extraordinary dividends, including a discussion of the specific stocks, bonds, and other financial vehicles they choose as part of their investment mix. In the course of the book, readers learn how to determine how much time they need to spend researching and watching over their portfolios, when to buy, and equally important, when to sell. From hundreds of accounts of those Carlson calls "Main Street millionaires," he distills eight specific investment rules anyone can follow to become financially worry-free. Among the lessons he outlines and elaborates on:

"Buy and Hold and Buy and Hold and Buy and Hold"--Harness the power of time in growing your portfolio and compounding your investment returns.

"Know Where You Are Going"--Determine your investment time frame, financial goals, and risk "comfort" level to put together a successful wealth-building strategy.

"Play to Your Strengths"--Everyone has different personality strengths, investment advantages, and specialized knowledge that they bring to the table; recognize and exploit them in achieving your financial goals.

One of the best things about Carlson's book is that it recognizes and allows for readers who may not have the resources to follow all eight rules. It offers reassurance and hope that there is more than one way to achieve the seven-figure pinnacle. Even people who started investing later in life, and can't fully harness the power of time, can find here the guidance they need to become wealthy.

Filled with the insights and investment advice that hundreds of everyday people have followed to become rich, and buttressed with countless you-are-there stories of how these millionaires did it, Eight Steps to Seven Figures is an absolute must for today's investors.

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Quotes & Awards

  • Invest regularly, as much as you can comfortably, for as long as you can. Rex Trotter, $1.2 million investment portfolio
  • I savor the boredom of watching the grass grow, a little every day. Ken Chilton, $3.2 million investment portfolio
  • People should just get started and not  be afraid to make mistakes. Eileen Funk, $6 million investment portfolio
  • I look for companies which are in the fields that I have personal knowledge of and can judge what they are doing and how well they are doing it. Leonard Falk, $1.52 million investment portfolio
  • I saved aggressively up to 90 percent of my salary at times. I taught school in 1965-66 and earned $6,000. I saved $3,000. In the Peace Corps, I earned $50 per month. I saved $20. The Peace Corps found out and cut my salary to $30 a month. I still saved. Once I saw the savings grow, there was no stopping me. Sandra Bally, $4.6 million investment portfolio
  • A winner only has to be right 51 percent of the time. If you're right 75 percent to 80 percent of the time, you're a big winner. Sam Stevens, $1.8 million investment portfolio
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About the Narrator

Charles B. Carson is CEO of Horizon Investment Services, an investment advisory and money-management company. He is also CEO of Horizon Publishing, a publisher of investment newsletters. Horizon's flagship publication, Dow Theory Forecasts, has been published weekly since 1946 and is one of the oldest investment newsletters in the country. Carlson is a bestselling author and is regularly quoted in the Wall Street Journal, Barron’s, and Money magazine; he and is also a frequent guest on CNBC, Bloomberg TV and radio, and CNN.