The Ten Roads to RichesThe Ways the Wealthy Got There (And How You Can Too!)
Profiles of some of America's richest people and how they got that way—and how you can too! While we can't promise that this book will elevate you to the ranks of the super-rich, we can say that within its pages you'll discover everything you need to know about how, exactly, many of America's most famous (and infamous) millionaires and billionaires acquired their fortunes. The big surprise is that all of the super-wealthy it profiles got where they are today by taking one of just ten possible roads—including starting a business, buying real estate, investing wisely, and marrying extremely well. Whether you aspire to shameful wealth or just a demure fortune, bestselling author and self-made billionaire, Ken Fisher, will show you how to walk in the footsteps of tycoons—all the way to the financial success you dream of and deserve. Packed with amusing anecdotes of individuals who have traveled (or tumbled) down each road to wealth Extracts valuable lessons on how you, too, can achieve serious wealth, and, just as importantly, hold onto it Provides powerful tools for determining what you need to do to position yourself for success and "Guideposts" and "Warning Signs" to help keep you safely on your road to success Second Edition features more profiles and instructive examples than were found in the bestselling first edition
Preface: Now, More Than Ever ix Acknowledgments xxiii About the Authors xxvii Chapter 1 The Richest Road 1 Picking a Path 3 Newer or Better? 4 Built to Sell or Built to Last? 6 Bootstrap or Finance? 10 Public or Private? 11 The Big Bull’s-Eye 13 Founders Are Quitters—Just Do It 17 Chapter 2 Pardon Me, That’s My Throne 23 Gray Hair and Dues-Paying 24 A CEO-volution (Through My Father’s Eyes) 25 How to Lead 33 How to Get the Job 34 Aim Small . . . at First 36 The Big Payday 37 CEOs and Superheroes 40 The Best Part 43 Executive Education 43 Chapter 3 Along for the Ride: Ride-Alongs 47 Why Ride Along? 48 Pick the Right Firm 50 Be the Right Guy 55 Ride-Along Reading 59 Chapter 4 Rich . . . and Famous 61 The Talent Show 63 Potholes Ahead No One Sees! 67 Mogul Meandering 72 Read Your Way to Fame 78 Chapter 5 Marry Well. Really Well 81 How to Marry a Millionaire Billionaire 83 Like a Fine Wine—Well Maintained 90 Men Can Play, Too! 93 Love, Marriage, and Money 96 Do It by the Book 97 Chapter 6 Steal It—Like a Pirate, but Legally 99 Crusader or Pirate? 100 Raider’s Road 101 The Richest Legal Road 103 Tort Us and the Scare 104 Target Practice 112 When a Pirate Becomes a Villain 115 The Inside Track 117 Chapter 7 OPM—Not Opium: Where Most of the Richest Are 121 Basic OPM Career Rules 122 Steps to OPM Wealth 124 Hedge Your Bets 130 Private Equity’s Big Bucks 135 Don’t Break the Law 137 Love Capitalism, Not Social Acceptance 142 Chapter 8 Inventing Income 145 The True Inventors 146 Writing for Dollars 148 Political Pensions—and Good News 153 If You Can’t Be President . . . 155 Think Tanks Run Amok—a Sham-Scam 159 Monetized Reading 161 Chapter 9 Trumping the Land Barons 165 The Magic 166 Monetize It 166 The Fool’s Bargain 169 Flippin’s for Friggin’ Losers 171 Getting Started 172 Buy, Build, or Both? 175 Where to Be and Not to Be; That Is the Question 177 Baron Books 181 Chapter 10 The Road More Traveled 183 Income Matters 184 Saving Grace 186 Get a Good Rate of Return (Buy Stocks) 191 The Right Strategy 194 Bonds Are Riskier Than Stocks—Seriously 202 Like Hetty? 205 Reading for Dollars 206 Notes 209 Index 227
KEN FISHER is best known for his prestigious "Portfolio Strategy" column in Forbes magazine. As well as being the longest-running continuous columnist at the publication, he is the founder and Executive Chairman of Fisher Investments. ELISABETH DELLINGER is an analyst at Fisher Investments and senior editor of MarketMinder.com. She is also coauthor of Beat the Crowd with Ken Fisher. LARA W. HOFFMANS has coauthored numerous bestsellers with Ken Fisher, including The Only Three Questions That Count, How to Smell a Rat, and Plan Your Prosperity.
Ken Fisher—self-made billionaire, bestselling author, longtime Forbes columnist, and industry influencer—revisits one of his most personal studies on how the wealthy achieve their success. Drawn from his work with a vast, high-profile list of clients and his own firsthand trials and errors at making it big, this refreshed and revised edition of The Ten Roads to Riches divulges new insights into Ken's investing techniques and wealth-building tips through an expanded collection of real-life successes, failures, and flops. Through his own storied career, Ken has yet to discover any singular formula for getting rich. Instead, he's observed ten distinct roads, each with its own challenges and rewards. In this action-inspiring guidebook, he walks you down them all with enough dynamism and facts to make every one appealing. The road you take—your road to riches—is up to you. Whether you have your eyes set on the types of fortunes held by the multibillionaires inside or simply a nest egg that will improve your standard of living in retirement, this engaging and informative Second Edition takes you far beyond the previous edition by enhancing the endlessly useful, illustrative road map to all the ways people acquire wealth with actionable advice based on Ken's core money strategies. Through memorable narratives and hard-won advice you can turn to for inspired decision making, this everyday resource shows you: Rich is not a bad four-letter word—go after the wealth you deserve without feeling guilty Some marry into it, others steal it (legally!), and a few are born into it—rules of thumb at the end of each chapter for a successful journey down every road How to hold onto it! You can't get rich foolishly losing money Know how to position yourself for success on the specific road you're on with The Ten Roads to Riches, Second Edition.
AN UPDATED AND EXPANDED LOOK AT THE ROADS LEADING TO AMERICA'S RICHEST PEOPLE Legendary money manager, billionaire, and industry thought leader Ken Fisher opens his personal collection of stories, sharing practical strategies and tools to help you navigate The Ten Roads to Riches. This thoroughly revitalized Second Edition explores the ten tried and true roads to becoming ultra-wealthy, including being an entrepreneur, acquiring real estate, making wise investments, and even marrying into it. Rich with rarely heard anecdotes that are as illuminating as they are entertaining, this influential resource enables you to follow in the footsteps of those who have traveled down each road to wealth, while avoiding the same penniless fate of those who tumbled. Keep this valuable guide at your fingertips to: Master powerful tools for shaping and ensuring success along your journey Reference convenient, brand-new "Guideposts" and "Warning Signs" to help you avoid potholes on your road to wealth Examine more up-to-date profiles and instructive examples than in the previous bestselling edition Get rich the way you were meant to do it with The Ten Roads to Riches, Second Edition.