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Although they have a fiduciary duty, financial advisors should not care more about your money than you care about your money. And yes, your ''fun friends'' and family will view you as an endless ATM.
You need to understand the difference between ''I truly need it'' and ''I'd really like it'' when dealing with those closest to you. New Money will help you understand when you're being an enabler.
New Money: Staying Rich dispenses valuable advice, taken from first-hand experiences, to aspiring professional athletes, entrepreneurs, and anyone fortunate enough to be the beneficiary of rapid wealth.
Learn from my errors; don't make the same mistakes I did. Have fun listening to the entertaining and enlightening stories in the book, and learn how to live a sustainable life as a New Money Millionaire!
Customer ReviewsMost Helpful
By Marie on 11-03-15
For young ballers
This audiobook has those little extras that I gather appeal to a slightly younger and male portion of the demographic (Black) that I'm in. Chapters would have some music or sound effects that I found a little irritating, the same way one may find a Tyler Perry movie irritating.
It is a good story, and I would recommend it to any young sports minded man or any one who may come into a large amount of money for a short amount of time. There is this belief that everyone is supposed to rise up, but the problem with it (as the author illustrates) is only so many people can ride someone coat strings and the height they reach can never be anywhere equal to the rising star's. Unfortunately for Mr. Buchanon too many people wanted too much and they weren't the ones risking physical injury and lifelong pain.
The "Staying Rich" part of the book is a little thin. A bulk is about the emotional blackmailers called family, fun friends, stupid financial wrong turns, and all the mistakes waiting to separate the suddenly rich from their money. That in itself was interesting. His plans for staying wealthy was towards the end and hopeful, with not a whole lot of proof that those will work out for him to keep him wealthy. But he's still young.
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