Quit Like a Millionaire

No Gimmicks, Luck, or Trust Fund Required

De: Kristy Shen, Bryce Leung, JL Collins

Narrado por: Kristy Shen, JL Collins

From two leaders of the FIRE (Financial Independence, Retire Early) movement, a bold, contrarian guide to retiring at any age, with a reproducible formula to financial independence

A bull***t-free guide to growing your wealth, retiring early, and living life on your own terms

Kristy Shen retired with a million dollars at the age of 31, and she did it without hitting a home run on the stock market, starting the next Snapchat in her garage, or investing in hot real estate. Learn how to cut down on spending without decreasing your quality of life, build a million-dollar portfolio, fortify your investments to survive bear markets and black-swan events, and use the four percent rule and the Yield Shield - so you can quit the rat race forever. Not everyone can become an entrepreneur or a real estate baron; the rest of us need Shen's mathematically proven approach to retire decades before 65.

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio. The PDF includes detailed charts, graphs, formulas, illustrated strategies, and the complete appendices from the book, to help reach financial independence and retire early.

©2019 Kristy Shen and Bryce Leung (P)2019 Penguin Audio

Reseñas de la Crítica

“This book wants you to be rich: in money, in time, and in life. You have come to the right place. Kristy and Bryce take you through the process step by step, with actionable things that you can do no matter what your age, location, background, or education.” (JL Collins, best-selling author of The Simple Path to Wealth)

“Kristy Shen and Bryce Leung, in a few hundred delightful, information-packed pages, shows exactly how Kristy went from rags (in China) to riches (retired world traveler millionaire at 30). Their stories are fascinating, told in a no-nonsense style that busts through any excuses. Their precise investment strategies, explained clearly, show you how to both get financially independent - and stay there. And they're hilarious.” (Vicki Robin, New York Times best-selling coauthor of Your Money or Your Life)

"Quit Like a Millionaire is the best possible combination: Life-changing information with a page-turning writing style that you simply cannot put down! Equal parts engaging, hilarious, and transformative, Kristy and Bryce deliver with the rare book that'll make you look at the world a little bit differently." (Brad Barrett, cohost of the ChooseFI podcast)

helpful content; author should stick to writing

Kristy Shen sounds unnatural reading this, but the book's content is interesting + helpful.

She sounds robotic at times, separating the syllables of words in awkward ways. She also has a slight lisp, which personally wasn't an issue but my SO noticed it immediately and couldn't take the audio seriously. Therefore, people should just make sure to keep this in mind.

For the content, some of it is really good (investment ideas with exact tickers and discussing the 4% rule) other times it is not applicable to me (like $500K+ homes) but the general idea still is. Another commenter mentions she says buying a home after 10 years is still a wash. However, they failed to mention how she discusses the rent vs home cost ratio and you need to keep that in mind. I forget the exact percentages but if rent is X% more than mortgage, it's better to buy a home. This is dependent on where you are living and house cost vs rent cost, of course. For her, a home where she was living was a bad deal, and this may or may not be applicable to you.

This book also taught me about capital gains harvesting, something I never thought about before. Just selling and immediately buying back a stock if you're in the 0% capital gains threshold ($40K for single as of now). I've known about wash sales and tax loss harvesting, but for some reason never learned this one. Also, Roth conversion ladders were a nice thing to mention and helpful for me to get a better grasp on them.

She also talks about several different retirement options depending on country and career. While not applicable to me, I think it's good information to put in to give everyone a more worldly view on retirement.

Good perspective

Kristy did a good job of detailing how she manages her money. She also points out there are myriad ways to become a millionaire. I don’t agree with everything in the book and she tells us that’s ok. It made me think and I’m glad she took the time to write the book. Thanks Kristy.

Inspirational Audiobook

I like how she goes into depth how you can use the tax shelters and deferred to help alleviate and increase your chances of becoming a financially independent. Also, breaking down the different types of millionaires ones lifestyle can attend to from optimizers, hustlers, and investors. Overall this was a really great breakdown of the step by step on how you to can implement the strategies of the wealthy.

Can’t hype this enough

I like reading/listening to financial books and sometimes it’s about mindset or philosophy. This book, on the other hand, gives you detailed instructions on how to make early retirement happen so you can life the life you want ASAP and avoid dying at a desk. The way Kristy writes the book, however, is in such a way that she tells the story of how she came about this knowledge herself, and her tenacity, curiosity, and no-nonsense approach to taking control of your time is infectious. While listening, I bought the paperback so I could have it as a reference, and I’ve bought it for one person as a gift. Everyone I care about is getting a copy for Christmas.

Fabulous

This book is really great! It changed the way I think about how to get toward financial independence. I am so relieved.
The author was also very funny.

inspiring and specific

This is an inspiring story that is backed up with math. The author tells her story of going from abject poverty in the third world to financial independence in Canada. I even liked the jokes she sprinkled in.

Be smart about choosing an occupation to pursue. Work hard and sacrifice to land that occupation. Don't fall into spending traps. invest conservatively. Optimize your taxes.

This is what you need to know

I have been following the FIRE movement for 4 years. I thought I had my money arranged for success, but now I have some revisions to make. If you want the exact details, then read/listen to this book.

Insightful and practical

Love this book and learned a lot. The mindset is critical to become the finance independent.

The is the best FIRE book I have ever consumed. And I consumed many!

Thank you so much for sharing your story. The mountain of used syringes in the medical waist dump is so visceral. I grabbed me and didn’t let go. You voice is entrance and I love that you openly hated being a software developer. I am one as well and I hate it too. Can’t wait to join you scoobadiving in Galapagos!

I expected more Canadian content

loved this book! My only complaint is that most of the content is related to Americans, which was a bit disappointing because the author is from Canada. it was a bit confusing trying to apply the information in the book back to Canada when she didn't always cover both. Otherwise I loved it