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The Rich Employee, by James Altucher
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Not everyone is cut out to be an entrepreneur. Many of us are happy to have a job, we just want a better job, one that fulfills us, makes us wealthy, and brings us satisfaction. Still, income is now permanently going down versus inflation for the average employee. Industry, knowledge, and management are all being outsourced cheaply to other countries or to technology. Many people mistakenly think that the solution is entrepreneurship. That "entrepreneurship is the pathway to riches". This is not true. Being an entrepreneur does have great upside but also it has a well-known rate of failure of 85%. There is no way to predict your way out of that 85%. The solution is to become a Rich Employee with the mindset and techniques described in this book. This is the first book ever to detail how one can become a rich employee in our times. And there is more: companies in this new century will only succeed if they encourage their employees to develop The Rich Employee mindset. Written by the author of "The Choose Yourself Guide to Wealth" which USA Today has called "One of the 12 Best Business Books of All Time" and also the author of WSJ and USA Today bestseller "Choose Yourself" which Forbes recently called one of the "Top Five Books Every Entrepreneur Must Read", this book gives you the tools to find satisfaction, meaning, and true wealth as a rich employee
- Sales Rank: #245421 in Books
- Published on: 2015-08-31
- Original language: English
- Dimensions: 9.00" h x .54" w x 6.00" l,
- Binding: Paperback
- 238 pages
About the Author
James Altucher is a successful entrepreneur, chess master, best-seller writer and host of three high ranking podcasts. He's started and sold many businesses, and has been involved in advising over 40 companies, several of which sold for large exits. James has also been inspiring people in person through hundreds of events around the world, through his books, and through weekly Q&A Twitter sessions, speaking on topics including: jobs, wealth, stress, fear, anxiety, business, love, money and relationships. His writing has appeared in major national media outlets, including the Wall Street Journal, The New York Observer, Tech Crunch, and Thought Catalog. His incredibly candid blog, The Altucher Confidential, has attracted more than 25 million readers since its launch . He is the author of 17 books, including WSJ and USA Today best-sellers: The Power of No and the motivational self published WSJ bestseller: Choose Yourself. James hosts "the James Altucher Show", "Ask Altucher" together with his wife Claudia, and "JAMES WILL FILL IN THE TITLE" together with NY Times Best-Seller co-author of the internationally celebrated book Freakonomics: Stephen J. Dubner. Join James at JamesAltucher.com or on Twitter @Jaltucher or you can text him a question on his personal cell phone number: 203-512-2161.
Most helpful customer reviews
54 of 57 people found the following review helpful.
Excellent Theme Concept, Not So Great Execution
By Mortal Man
I enjoy reading James Altucher and appreciate his sensibilities. I even corresponded with him briefly a few years ago, and appreciated his input on some writing I showed him. The theme of this book immediately caught my attention because I'm in a situation where I recently sold my own online business and concurrently took a job related to the deal, whereby I am once again a salaried employee after nearly 20 years of entrepreuneurship and solo consulting. With soon to be college-age kids at home, this was the right move for now, and it's nice that James addressed the notion that being in business for yourself is not necessarily the end-all and be all for a fulfilled life.
I'm going to be a little bit critical, though, with 3 stars (not worthless, but short of greatness!) by saying that the book seems a bit rushed both technically (typos, rough phrasing) and content-wise, where it seems that James is pulling in a grab-bag of self-help thoughts and ideas, which in some cases are contradictory and inconsistent. For example, in one section, he says it's "easy to caught up in ego..." etc. as a caution and in another "Ego. A real belief that you can be the best..." as foundation of persistence.
James likes to say that he doesn't give advice, just talks about what works or worked for him. Then why drag in all sorts of random advice and examples which don't fill out the theme, in my opinion, and seem wholely derivative in their presentation.
Recently on a long-drive for work I listened to James and Claudia interview Michael Singer, which for me was one of the most inspiring podcasts he's done - I had never heard of Singer, but I've listened now to that podcast multiple times and read his books because of that. For me, the inner journey is what "choosing yourself" is all about. If you can get past the clutter of your mind and the crazy externals, answers come. But much of this book just recycles trite bromides and success tales in a narrative that is a bit incoherent.
Finally, James' branding of "Choose Yourself" as the basis for yet another ambitious self-help enterprise is a bit off-putting, and the cynical part of me sees him entering that mutually admiring, inner circle of "famed" millionaires and billionaires who for all their accomplishments are not that interesting. They all love to interview one another! "Choose Yourself (R)" has arrived, and as the last section of the book outlines, you can form a local group - and they have formed - to spread the gospel. I don't mean to sound snarky, but that was my reaction. It's probably all good!
Anyway, I hope James can maintain originality and fresh insights in his ongoing writing and interviews - I'll stay tuned. Peace!
11 of 15 people found the following review helpful.
High hopes dashed very, very quickly.
By Rachel
Let me sum up this book for you right here:
- Take care of your mind and your body. You can't perfect if everything isn't tuned up.
- Have a "secret plan." Said secret plan is just taking the time to learn from others around you.
- Don't be afraid to quit your job if there's a better opportunity.
- Create multiple streams of wealth for yourself (you're on your own as to how).
For the other 180 pages, you uncomfortably watch Altucher masturbate to the fact he worked at HBO, got to impulsively quit his job, and has a wife that contributed to some of the book (maybe one chapter? It's unclear).
6 of 8 people found the following review helpful.
Great takeaway value for employees and employers alike.
By Tim Fargo
In this book James Altucher takes on some of the current mythology that you've got to be a swashbuckling entrepreneur to make it in life. As he points out there is plenty of room for a rich and fulfilling life in joining a workplace that you love (like his stint at HBO). Along the way you may decide to go it alone, or not. This book gets you thinking about how to maximize your potential as an employee and how doing that is always in your interest.
And it reminds you that all the romantic tales of being an entrepreneur can be pretty heartbreaking to experience on a personal level. The 85% failure rate becomes especially relevant if you become one of them.
In his usual way James' writing makes just about everything interesting so you'll be whisked away on a valuable journey. It frankly doesn't matter if you are an employee or an entrepreneur, this book need to find its way into your brain.
As he states in the book, "Mentally strong people learn how to learn." Now's a great time to start.
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