Review by Michelle Fred -- The Employee Millionaire

[Ngozi Onyibor]

[Following is a volunteer review of "The Employee Millionaire" by H. J. Chammas.]

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3 out of 4 stars

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With 50% of small businesses failing in the first five years, and a mere 30% making it past ten years, it doesn't take a soothsayer to realize that the average person is unlikely to attain financial freedom through running a business. So, when I read about Chammas' alternative approach to wealth creation, it piqued my interest.

The Employee Millionaire by H. J. Chammas is a salary worker’s guide to financial freedom through investment and ownership of rental properties, while still keeping their 9 to 5. The book serves as a comprehensive manual for anyone interested in real estate, specifically, rental properties. He enumerates the barriers to entry, how to know if you qualify for a mortgage loan, and if you don't, what to do about it. In addition, he discusses the due diligence process of buying a property. He also mentioned other ways of financing a property purchase if you don't want to take the mortgage route amongst other things. It details the mindset and steps required to succeed as a property investor. The templates and formulas used to compute the common-sense math of buying and managing a property are on the author's website.

I loved Chammas’ perspective on the attainment of financial freedom. While most authors demonize paid employment, Chammas acknowledges the safe cushion it provides, albeit temporary. Everyone isn't cut out for business; in fact, some people are probably better off keeping their job whilst investing in passive income streams on the side. He believes that with the right knowledge and guidance, anyone can invest and build wealth by owning rental properties.

I like his writing style, but my only quibble is his excessive repetition of some points. Peradventure he thought them important enough to bear repeating, but it became tiring as my reading progressed and slowed my reading pace.

All aspects of the book duly considered, I rate it 3 out of 4 stars. I would have loved to give it a perfect score, but the number of grammatical errors it contains forced me to detract a star. I like how the author demystified the financial rules guiding property investment and broke it down to the layman's level. His advice is country and location-specific, so he recommends that anyone interested in towing a similar path does not substitute his words for professional advice. He implores that aspiring property investors do their due diligence and seek professional counsel tailored to their needs and location.

I would recommend the book to anyone interested in owning rental properties. His wealth of experience and lead-by-the-hand teaching technique is something even a seasoned investor will find useful.

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The Employee Millionaire
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[Julius_]

An interesting book about becoming a millionaire as an employee. Too bad the author repeated some points. Thanks for the review.

[Reynaa]

I'm really interested in this book, being a rental property owner myself. Thanks for such an informative and well-written review!