Preview
  • Automatic Wealth

  • The Six Steps to Financial Independence
  • By: Michael Masterson
  • Narrated by: Alexandra O'Karma
  • Length: 8 hrs and 45 mins
  • 4.1 out of 5 stars (72 ratings)

Prime logo Prime members: New to Audible?
Get 2 free audiobooks during trial.
Pick 1 audiobook a month from our unmatched collection.
Listen all you want to thousands of included audiobooks, Originals, and podcasts.
Access exclusive sales and deals.
Premium Plus auto-renews for $14.95/mo after 30 days. Cancel anytime.

Automatic Wealth

By: Michael Masterson
Narrated by: Alexandra O'Karma
Try for $0.00

$14.95/month after 30 days. Cancel anytime.

Buy for $17.19

Buy for $17.19

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Publisher's summary

The advice and concepts outlined in Automatic Wealth are best suited for those in their 30s-50s who recognize that their current job will never afford them true financial independence. Rather than encourage readers to quit their day jobs today and launch into a new scheme tomorrow, Masterson shows how to turn your skills and experience into significantly more money within seven to 15 years. For those just getting by, he details how to get the biggest pay raises now and how to move into more lucrative ventures in the near future. For those with some savings, he offers specific advice on building equity and increasing net worth significantly and quickly. Since Masterson made his millions starting and developing small businesses, he encourages people to become entrepreneurs themselves and discusses which kinds of ventures to invest in and which ones to avoid. He also stresses the importance of developing multiple income streams, offering chapters on real estate, stocks and bonds, consulting, direct mail, and other opportunities.

In addition to concrete steps, Masterson also writes about attitude and expectations. His first step, in fact, is to take an honest and realistic assessment of your current financial situation and prepare yourself to change habits. He stresses that you must make getting rich a priority and devote the necessary time to it--act immediately and don't wait until the perfect moment to change your situation (hint: the perfect moment rarely arrives.). Clearly written and filled with informative anecdotes and examples, Automatic Wealth will not make you a millionaire overnight. It could, however, make you one in a decade, and that's a timeline most people can deal with.

©2003 W. Dale Cramer (P)2003 Recorded Books, LLC
activate_Holiday_promo_in_buybox_DT_T2

What listeners say about Automatic Wealth

Average customer ratings
Overall
  • 4 out of 5 stars
  • 5 Stars
    30
  • 4 Stars
    25
  • 3 Stars
    11
  • 2 Stars
    3
  • 1 Stars
    3
Performance
  • 4.5 out of 5 stars
  • 5 Stars
    24
  • 4 Stars
    9
  • 3 Stars
    6
  • 2 Stars
    2
  • 1 Stars
    0
Story
  • 4 out of 5 stars
  • 5 Stars
    21
  • 4 Stars
    9
  • 3 Stars
    7
  • 2 Stars
    2
  • 1 Stars
    1

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    4 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    3 out of 5 stars

A good read for a starting entrepreneur

Good book for anyone starting on their entrepreneurial path. I found it basic in some ways but these principles are none the less powerful. Who said success had to be overly complex anyway.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Great book!

Good narration, good pace, great content! I would recommend this book to all entrepreneurs and business people.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

3 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

A lot of Practical advices

I like the simplicity how he describe the easy it is to become Rich. I believe this is a right book for me.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Very Informative

Full of practical wealth-building concepts and ideas. Not the typical "work extra hard for 40+ years" spiel!

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

1 person found this helpful

  • Overall
    3 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars

It’s just okay.

First half of book is promising to tell you how to get wealthy. Second half is “make more money” by working harder, leverage real estate, learn sales, maybe negotiating a percentage of profit from developing a new product for your company, and buying stocks.
There is some good information and insights here, but nothing actionable.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars

Good tips, but not so complete

Maybe there was no low cost ETFs at that time, now the strategies might be a little different.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    2 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    2 out of 5 stars

Repeating, repeatingly, repetitive

Trying to get into this, half way through now, but seriously, what is with the repetition of “but if you listen to me, you will be better off”. Dude, I am listening to the book, just freaking get on with it. I get it, ethos, logos, pathos. But, at some point, you have gone beyond those and created annoyance.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!