The RICH Method: The definitive guide to getting money and success. Reduce your expenses, clear your debts, learn to save and invest, and reach your financial freedom.

This book turned my thinking about money on its head. The best thing about it for me were the exercises/challenges it contained, filling out the tables forced me to look at my finances totally differently and enabled me to improve them in ways I couldn't see how to do before. Thank you :)

Good

The Rich Method gives an informative and easy to follow blueprint for becoming financially secure by giving the reader insightful tips on how to reduce debt and information on how to utilize assets through investment.

This is a thoughtful book that helps unpick the challenges of rapidly saving money and offers practical solutions. A good read and helpful for improving finances.

This review got long, so buckle in. Short version is:Buy this if you’d like a good overview of financial literacy that draws from some of the most famous books in the popular market and, honestly, does their job better than they did. The flip-side is that you’ll have to not mind a lack of realism; you’ll have to bring your own.Longer version is:We start off with (to my personal distaste, but for those who like that sort of thing, that is the sort of thing they like) the usual cherry-picked inspirational celebrity rags-to-riches stories that overlook survivorship bias (ie, for every Sylvester Stallone making Rocky there are a hundred people who tried just as hard and never succeeded) and popular fictions about Thomas Edison et al. Taking the general feel from “Think And Grow Rich”. We should all, we are told, emulate Jeff Bezos.Next up comes budgeting and cashflow advice; think “Rich Dad, Poor Dad” with less anecdotal fluff. This section is at least as good as the aforementioned book, by the way, so if you haven’t read that, you can buy this, skip that, and get the other sections of this book as a bonus.When it comes to cutting costs, have a cup of calming tea to hand when reading. You will be advised that you could be a millionaire if only you didn’t dine out so much at the weekends. The general feel of this section is very much the same feel as “Why are Millennials spending their money on coffee instead of buying houses?” opinion-pieces from the Wall Street Journal.There is an excellent section on one’s liquidity ratio, which information alone (if implemented and worked on) is worth the price of the book if you didn’t already have it (functionally the same as one’s “age of money”; same principle, different representation).There are some parts in the budgeting and saving advice that simply overlook mathematics:In one example, we are told that we should save 10% of our income, and that for the first few months this will go aside to build the rainy day fund, after which, having enough in the rainy day fund for 3 months’ expenses, we can start to look to invest some or all of that 10% of our income instead. But, wait a minute: if I earn 1000, save 100, spend 900, then we can see that it will take 9 months to save 1 month’s expenditures, ergo it will take 9x3=27 months to save 3 months’ expenditures. Change the base figures all you like, the ratio will remain the same; at 10% it will always take 27 months to save 3 months’ expenditures.So, if you experience 27 consecutive months without a rainy day, then first, let me know what that’s like, and secondly, you’ll have got through the “first few months” of the method described in this book.That’s not to say that it’s not great advice to save 10% of your income if you can. It’s just, let’s be honest about what maths has to say about how slowly and unreliably that will achieve the stated goal.Other methods are mathematically sound but painfully optimistic. We are advised by Elizabeth Warren to spend 50% of necessities, put 20% into savings, and spend 30% on wants. This is fabulous if you earn twice what you need.After sections on reducing debts and building assets, one thing that I personally took of value from the book—which brought to my attention that I hadn’t personally learned anything yet by 74% of the way through—was breaking down the difference between financial security, financial independence, and financial freedom. These terms/definitions are arbitrary (and different writers will use them differently), but the ones given here are very useful markers.In summary: good book, has its flaws. Does the job of a collection of books you might otherwise spend more money on, so must be a better buy.

Logical, to the point and provides good context on how to achieve financial independence.Suitable for all investors and all knowledge.

Full of novel ideas to help you change the way you manage your finances for the better

The methods in the book I knew everything about already and I don’t invest, the self help tips at the start are helpful to increase confidence however the book pretty much says forget living at all, have no friends and save every penny, forget about enjoyment and take every penny to the grave

Spanish author Richard Gracia Earned his degrees in engineering, investment, finance and business from the University of Glasgow. He is a highly successful entrepreneur, advising executives from large global companies, and manages his own investments and those of many investors in real estate. Together with his brother Diego Gracia, he presents all those ‘secrets’ about how to manage and make money.The brothers’ enthusiasm is infectious – one of the main reasons why this ‘self-help book’ on managing finances is so valuable. ‘Thirsty for insight and eager to grow personally, we embarked on a quest for knowledge. We invested thousands of euros in financial training, got masters in stock-market investments, and read every book on personal finance best sellers. With all that under our belts, little by little, we began to learn. We founded companies, and even when we failed, we learned. We invested in stocks – sometimes we won and sometimes we lost, but we learned. We invested in real estate; we made a few mistakes, but we learned. Thanks to this learning, we gradually began to buy and generate assets that were increasingly lucrative. It wasn’t easy, but thanks to our tenacity, our mentors, and our investments in financial training, we finally achieved our sought-after financial freedom.’With that upbeat opening, it is impossible to put this guide aside. The book must be read and absorbed individually to appreciate the fine-tunes advice offered – reduce spending, pay off debts, save money, invest in retirement, invest in financial and real estate assets, passive and active income, annuities, manage personal finances carefully – yes, it is all covered in a manner that makes the process seem not only feasible but necessary!For all people facing financial problems, this is a most valuable book. Grady Harp, April 21

Great book on personal finance and the way forward to achieve your financial freedom. It provides a good insight into the basics of investment, savings and debt. The book is entertaining and accessible. The author managed to keep the vocabulary simple and without technicalities, despite explaining complex concepts. I definitely recommend it to anyone who cares about their money and wants to start improving their financial situation.

The RICH Mehod will change your financial life! At least, it has changed mine. It has helped me realized many little things that I was doing wrong managing my money. It has changed my mindset and attitude towards money and finance. Now I am starting to apply all tips and exercises to reduce my expenses and save more mone each month. Hopefully soon I will be able no start investing more and more and reach my financial freedom.

This book is super eye opening and encouraging. It highlights a lot of scenarios for people who are living in day to day, paycheck to paycheck situations. It has people that don’t know where to start or what type of things to invest in and gives real information. I liked that the book gave real examples of people in different monetary situations. This book is filled with useful information that you can reread and reference again and again. I learned a lot of about where I should put my investments. The book reviews various ways to make income like real estate all the way to Bitcoin. I found that a lot of the stuff in this book is easy to understand for someone like me who is inexperienced with finances. I have the goals set up now because of the great start that this book has given me. Also this book has a glossary to explain the words that you may not know so you can understand the explanations better. I highly recommend this book for anyone who is wanting to make a better life for themselves and wants to learn how to do it in a easy explained way and methods that are not impossible to do.

I finally found in the RICH METHOD a book that has helped me manage basic concepts of finances on a day-to-day basis. If you don't want to have your money in the bank without making a profit, you will know how to get the most out of it thanks to this easy-to-read, entertaining, practical and well-structured book. Thanks to the authors for making my life easier.