Review of Brett Wilder’s The Quiet Millionaire

By Pinyo, on September 19, 2007

I was recently sent a copy of The Quiet Millionaire – A Guide for Accumulating and Keeping Your Wealth by Brett Wilder. At first, I was skeptical because the book was written by the CEO of a financial management firm.;I was bracing myself for a 422 page sales pitch. Fortunately, I did read the book and I was glad because the book was great.

If I have to describe the book with just one word, I have to say “encyclopedic.” The book is a comprehensive compendium of knowledge that offers many insightful advices and ideas. It covers the full gamut of financial topics including tax, investing, debt, college planning, retirement, insurance, business ownership…basically everything that involves money. Although I consider myself financially astute, I learned a lot from reading this book.

My favorite concept from the book was about selecting the right college for your children. Here, Brett wrote:

“Select schools where the student profiles in the top twenty percent of all applicants with respect to grade point average and college entrance exam results”

Based on my own experience, I thought this was a sound advice for the following reasons:

• The student could learn more because he is properly challenged but not overwhelmed.
• The student could enjoy other extracurricular activities because there is less pressure to keep up with the smart kids.
• The parents could spend less money; not having to send their kid to a more competitive (usually more expensive) school.

That said, I did have a few complaints about this book:

• Brett usually went into just enough detail for me to want more.
• This book was printed on unusually thick paper. I think they could have made it less bulky and more environmentally friendly.

In conclusion, Brett’s book will always be on my desk as a trusty reference.

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Pinyo is the brain behind Moolanomy personal finance blog and a few other web sites. If you like this article, please subscribe for free daily email updates.

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