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Review: How to be Rich and Happy

Imagine being able to do whatever you want, whenever you want, for the rest of your life. Sounds pretty good, doesn’t it? Well that is exactly the premise of the e-book, How to be Rich and Happy, by John P. Strelecky and Tim Brownson.

The book explains, step by step, what you can do to lead a rich & happy life. I am a huge believer in the “show me, don’t tell me” philosophy. The great thing about this book is that it is filled with real-life examples of people that have lived rich & happy lives and how they got there. It really does “show” the reader how to instead of just telling. Additionally, it contains several guided exercises that will help you define your core values and what rich & happy actually means to you.

It took me a couple of months to read the book in its entirety because I digested each chapter very slowly. I wanted to give a thorough and comprehensive review of the book to evolution you readers.

This review is my take on the book, I highly encourage you to read it for yourself and draw your own conclusions. Please note two things: 1. I am an affiliate of the book (which means I make a bit of money if you buy it) and 2. affiliate or not, I highly recommend this book (from my heart). I absolutely believe that if you are confused about your life’s direction, feeling hopeless, or are afraid over your future — this book has the power to get you on the path to living the life of your dreams.

I will never promote books, products, or people on this site unless I truly believe that they will help you live the life of your dreams.

The first thing that How to be Rich and Happy will help you do is define what rich & happy means to you. This is a crucial step in the journey. The first step to getting what you want out of life is this: Decide what you want! How to be Rich and Happy contains one of the most efficient, sensible plans to do that that I’ve come across. “Rich & happy people know their top values and consistently make decisions that allow them to live in alignment with them.” It sounds a bit tricky, but not to worry. The book will show you how you can do it in clear terms.

Change Your Thoughts and Behaviors

In order to live a rich & happy life, you will need to drastically alter your thoughts & behaviors. Some of the things that the book will teach you are how to:

  • Stop passing judgment on others
  • Tell the difference between facts and beliefs
  • Be more optimistic
  • Fail with grace
  • Learn when to quit (but still succeed)
  • Listen to your unconscious mind
  • Stop making excuses
  • Use visualization to achieve goals & accelerate progress
  • Avoid unnecessary stress

If you change the language that you use (to speak to yourself & others) you will transform your thought processes and your life. This is called NLP (neurolinguistic programming) and the book will teach you all about it. I personally love this part because it is aligned with CBT and as we all know I am a huge advocate of CBT.

The book will teach you how to tell the difference between a fact and belief. Once you do this, you will be able let go of every negative belief that you’ve ever had about yourself. This skill alone is worth the read. With practice and time, you will be able to stop having negative thoughts about yourself. Imagine what that will do for your confidence and performance. (I’m still working on this part myself… But I am definitely seeing improvement!)

One of the many things that rich & happy people have in common is that they all listen to their gut, or unconscious. In fact, rich & happy people go with their gut reaction more often than the rest of the population. The book tells you why it works and how you can do it, too.

Change Your Beliefs About Money

In looking over some reviews of the book and comments on the author’s blog — the only criticism that I’ve seen has to do with the title of the book and the “rich” (money) aspect of it. Here is my take, this book is not going to sell you a get-rich-quick scheme. In fact, it’s really not going to talk about making dollars much at all. If you are only interested in making lots of money then this is not the book for you. However, if you are interested in enjoying every aspect of your life — from leisure to career — then you’re in the right place.

What the book will teach you is how to create critical, supportive, and positive beliefs about money. Once you can accept these beliefs, your relationship with money will transform in a very positive way. You will be more open to receiving money and you will believe that you deserve money. This will encourage and increase the richness (both financial and happiness) of your life.

There are two other important “money” pieces in the book. First, there is the RHR (Rich & Happy Return) System. This system gives you a calculation that computes “rich & happy minutes” in relation to the dollars that you spend on things. It gives you incredible insight about the actual value of the purchases that you make. From vacations, to cars, to anything else, this system will help you evaluate what is “worth it” and what is not.

Since reading the book, I calculate the RHR on every dollar I spend. It has really made me think twice about the way that I spend my money.

The second money piece is the RHM (Rich & Happy Matrix). It allows you to evaluate the flow of money & happiness within your life. Each of the nine blocks in the matrix contain a state of happiness and a movement of money. If you are spending a lot of money and existing in an unhappy state, you are on the wrong side of the matrix. The book will teach you how to move yourself to the “right” side of the matrix where you will spend less money, earn more, and exist in a state of true happiness.

Since reading, I’ve been working hard to get myself on the “right” side of the matrix.

The Greatest Lesson

The greatest lesson that I learned from How to be Rich and Happy is to accept the fact that even though what I want to accomplish may not be easy, it is possible. How powerful is that statement? Apply it to yourself: Accept the fact that even though what you want to accomplish may not be easy, it is possible. Isn’t that amazing? I love it. In fact, I’ve adopted it as a personal mantra!

Toward the end of the book, there is a fantastic quote:

“Don’t ask what the world needs. Ask what makes you come alive, and go do it. Because what the world needs is people who have come alive.” —Howard Thurman

When you really boil it down, that’s what How to be Rich and Happy is all about, doing what makes you come alive. I hope that you’ll have the opportunity to read it and more importantly I hope that it sets you on the path to living the life of your dreams. Please let me know if you’ve read it already or read it in the future. I’d love to hear your thoughts.

If this post has inspired you to purchase the book straight away, please go here: How to be Rich and Happy and you will find everything you need.

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    My Journey to Financial Freedom | Part 2: The Climb

    Emergency Fund

    Three years ago, I was nearly $60,000 in debt. I had a Bachelor’s degree that didn’t appear to be worth its weight in salt and a job that couldn’t cover a fraction of my monthly bills. I was terrified.

    Today, I am closer to complete financial freedom than I ever dreamed possible. Last week, I paid off my last remaining credit card balance. This two-part post is a celebration of this incredible milestone in my journey.

    In part one, I explained how I got to that terrible place. In part two, I will explain how I’m getting out of it (and how you can do it, too).

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    1. Change the way you think about spending money. For most of my life, I believed that money was made to be spent. I believed that I *deserved* to spend every dollar that I earned on some material thing that would “make me happy.” I coveted material possessions—clothes, jewelry, electronics, cars. What I realize now is that money is not meant to be spent. You only need to earn enough money to survive. You should have enough money to buy only what you need. There is no need for excess.

    “You’re not your job. You’re not how much money you have in the bank. You’re not the car you drive. You’re not the contents of your wallet. You’re not your fuc*ing khakis.” (Fight Club)

    This shift in mindset is hard to adjust to at first. You may not like the reactions that you receive from people. Believe me, I’ve been called cheap a few times, but I pay no mind to it. I would choose cheap over poor any day.

    2. Keep a budget. I highly recommend using Mint.com. I started using it in September and it has been one of the most transformational and useful tools throughout my journey to financial freedom. It allows you to sync up all of your accounts (loans, checking, savings, etc.) in one place. Then it keeps track of every transaction that you make and sorts/organizes all of the data for you. It allows you to track your spending over time and by category. It gives you incredible perspective and insight about where your money goes each month/year. It has been a truly eye-opening experience for me.

    If you’re unwilling to try Mint, you can keep a budget on a spread sheet or even by hand. However, the important thing is to be completely conscious about where every dollar you spend is going.

    3. Use a debit card. To reap the full Mint.com experience you should use a debit card for every purchase you make. Using the debit card will automatically flag each transaction you make into the appropriate category. So if you go to Shoprite, it will get marked as groceries. If you go to Home Depot it will get marked as home. If you stop at the gas station it will get marked as automobile, and so on.

    I use my debit card (linked to my checking account) for almost every single transaction that I make. I also have all of my monthly bills (like my auto insurance, utilities, and gym membership) automatically debited from the same checking account each month. It makes keeping track of my spending that much easier. Plus, I do not like dealing with cash. The debit card is quick, easy, and is accepted almost everywhere now.

    Whether or not you use Mint.com it is a good idea to use a debit card simply because you can review all of your purchases and purchase amounts on your monthly statement. Trying to keep track of receipts is a hassle that I don’t have time for.

    4. Pay off credit cards and cut them up. Paying off my credit cards was my first priority. For awhile I tried “credit card surfing.” Let me just tell you from experience, it’s overrated and it really doesn’t work. The idea is that you surf from credit card to credit card by transferring balances. A lot of companies will give you 0% APR for 6 months if you transfer your balances over to them. After the 6 months, you “surf” to a new card with another promotional rate.

    The problem with this tactic is that it gets messy quickly, it becomes difficult to keep up with, and if you lose track you will end up getting burned by high APRs, finance fees, cancellation fees, etc. Also, it probably doesn’t look great on your credit report if you’re opening up a new card every 6 months or so.

    It is much safer and wiser to just stop using credit cards! My theory is simple and has taken me very far: If you can not afford to buy it, then you can not afford it. Period. It is simple logic.

    5. Eat in. This is one of the easiest changes to make, but it also comes with an enormous, positive impact. When I started closely tracking my spending habits, I was shocked to see how much I was spending on eating out. A meal at a decent restaurant goes for about $25 per person. If you eat out twice a week, that is $3,120 a year. If you grab lunch out during the work week, it’s about $8 a day. That’s $2,080 a year. Put those together and you could be spending $5,200 a year or more on dining out! That is outrageous and completely unnecessary.

    Since I started eating in and packing lunches, I’ve taken my monthly food spending from $500 down to $200 or less! Over time, that means enormous savings. Check out 5dollardinners.com for some awesome, inexpensive recipes. I love it! Also, investing in a crock pot was one of the wisest decisions I ever made—chili, sausage & peppers, and goulash will be your new (delicious, cheap) best friends. (Here are some more tips for eating healthy & mindfully.)

    6. Direct deposit money into savings every month. This is my final—and perhaps most important—tip. When I began my journey to financial freedom, I opened a savings account with ING Direct. It is an easy-to-use online savings account and it gives you interest on the money that you save. It also allows you to set up easy direct deposits.

    I started out small, depositing $50 a month into my savings. As I learned to keep my budget tighter and tighter, I increased the amount that I put into my savings each month. Currently, I am putting away $500+ per month and hope to get closer to $1,000 per month in the very near future.

    When you direct deposit the funds, it comes out automatically. It is painless because you don’t have to do a thing. Because it’s automatic, after awhile you don’t even notice that it’s missing. (I remember reading that on another blog several months ago and thinking, “Are you out of your mind?! I’m not going to miss it? Yea right!”) But I can honestly say that after a few months, you adjust to the missing money. You truly do not miss it once it becomes normal for that amount to be deposited into savings automatically each month.

    It has been one of the best decisions that I’ve made and because I’ve worked so hard to get to this place—I don’t touch that money! I am keeping it there for a rainy day or to pay off my student loans someday in one fell swoop.

    ————————————————————————

    As I stated at the start of this post, three years ago I was almost $60,000 in debt; I was twenty-three years old; and I was scared to death. Today, I have my finances under control! I am on the road to financial freedom and you can get here, too. Truly, it is not as hard as it seems. With common sense and a bit of dedication, it will happen. Paying off my last credit card balance was like taking chains off of my wrists for the first time in seven years. The feeling was completely priceless. If I can do it, anybody can.

    So, what are your financial goals? Have you ever been in financial prison? How did you free yourself? If you’re still there, what are you going to do to break free?

4 Comments

    1. Thanks, Tim. You are very welcome! It was my great pleasure. The book is fantastic and I truly hope that you reach your goals and get it in as many hands as possible.

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