Stack By Jeremiah Brown | Book Review
In the book Stack, the author reveals the top 10 esoteric financial strategies the ultra-rich use to quickly and efficiently accumulate wealth. These strategies are designed to help the reader achieve financial independence that can last for generations. The book focuses on using various financial tools such as stocks, gold, real estate, and businesses and how to utilize them to obtain financial success effectively.
One of the book's central themes is the idea that time is a crucial factor in building wealth, and the ultra-rich have learned to use the money to make more of themselves. The author provides a practical roadmap to accessing the highest levels of investing and financial knowledge and shows how the wealthy can apply the same financial loopholes and guidelines to the reader's life, regardless of their current financial situation.
The book aims at individuals looking to improve their financial knowledge and gain a deeper understanding of the strategies and techniques used by the wealthy to build and preserve their wealth. It provides a comprehensive and actionable guide to achieving financial success and independence. The book is not just for rich people but also for anyone looking to improve their financial situation and create long-term wealth.
Additionally, Stack delves into the mindset and philosophies of the financial elite and how they approach money and investing. The author provides insight into the psychology of wealth and how adopting a particular mindset can lead to greater financial success.
The book also covers the importance of diversification in investing and how spreading one's assets across different types of investments can help to mitigate risk and increase the chances of success. It also discusses the importance of financial education and the need to constantly learn and stay informed about the latest trends and developments in the financial world.
Stack also provides readers with a step-by-step guide to implementing the strategies and techniques discussed in the book. The author offers practical advice and tips on how to get started and navigate the complex world of investing and finance.
Overall, Stack is a comprehensive and informative guide that provides readers with a wealth of knowledge and strategies to help them achieve financial success and independence. Whether you are a seasoned investor or just starting out, this book is an essential resource for anyone looking to improve their financial situation and create long-term wealth.
My Thoughts | Highlights
I enjoyed reading another Jeremiah J. Brown Book, He does an incredible job of putting a lot of normally dense information in a small easy-to-read book. The book in total is maybe 85 pages or so, so you can finish it in a few hours max. He takes the reader on a journey through different aspects of the financial spectrum and key philosophies.
Here are a few highlights he touches on to give you an idea of what to expect in the book:
The IRS has it’s favorites or better yet the tax code is written to 90% of the time benefit investors and entrepreneurs.
Never sell the Chicken only sell the eggs, the Chicken is the asset that produces the cash flow(eggs). (Think Rental Property)
Price and Value are not the same thing, the worse thing you can do is overpay especially for a liability. An Example of this would be buying a vehicle that’s MSRP is $120,000 but you pay $200k for it. The Value is the $120k, obviously there is nuance within this.
Treat long term investing in the stock market like you would when you are bargain shopping focus on the deals within the market.
Just 39% of people have at least $1000 saved to cover an emergency, that means 61% of people don’t have a $1,000 in their savings.
More than 70% of americans live paycheck to paycheck.
Audacity separates the haves and have nots.
He speaks on Bitcoin, Gold, Retirement accounts, triple net lease investing, R.E.I.T, Helocs, and so many more topics. He does a good job of getting straight to the point with not a lot of fluff. A lot of the topics he discusses gives you enough information to do further research on your own as well.
Comment below what your thoughts are on this book.