3 out of 4 stars
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The process to becoming a millionaire seems pretty simple, at least according to H. J. Chammas in his book The Employee Millionaire. All one needs to do is buy properties with the intent to rent out living spaces. Simple, right? H. J. Chammas takes this simple formula and helps the reader understand how complicated simple is.
The Employee Millionaire offers the average person a crash course in Economics 101. The book also shows the reader exactly how H. J. Chammas applied each concept to building his wealth. H. J. Chammas skillfully braids together the teachings of Joyce and Papa Joe with personal anecdotes of purchasing a first rental property. He teaches the reader how simple it can be to be a landlord while making sure the reader is ready for some of the hazards that can sneak by.
H. J. Chammas opens the text with an admission of the time his finances weren’t in perfect order. While he never seemed to reach true poverty in his adult life, H. J. Chammas did have a moment of revelation when he realized he had a negative net worth. He explains the moment when Joyce started teaching him how banks work. The second strand in the braid introduces Papa Joe. Papa Joe was a self starter who had achieved nearly everything H. J. Chammas wanted for his life. Where Joyce explained theory, Papa Joe would teach Chammas how to apply the theories to gaining a positive net worth. H. J. Chammas is the third thread of the book. He shares how he used the teachings of both his wife and his mentor to buy his first rental property. Like everyone’s firsts, H. J. Chammas does have some trial and error with lessons to share with the reader.
The Employee Millionaire is a great book for the beginning investor. Each of the of the three sections braid together to support Chammas's basic process. H. J. Chammas also notes the difference between being wealthy and being rich then supports his definitions in how his guidelines work.
The Employee Millionaire does have some editing issues in the beginning. The book is divided into 4 parts that build on each other as H. J. Chammas shares his story as a beginning investor. Part one begins after a foreword, preface, and chapter one. Chapter one should have probably been labeled Introduction. Parts One and Two each consist of one very long chapter. H. J. Chammas builds on his information and the reader learns a lot. The issues is for the reader who may want to read a chapter or two during a lunch break, there is no clear break to stop and absorb the information. Someone may need an extra long lunch to be able to read a chapter.
The second editing issue also happens mostly in the first part of the book. H. J. Chammas shares in the Preface that he was born in Lebanon, meaning English is most likely his second (or third) language. This fact is evidenced in several passages that were grammatically correct but awkward to read. Again, this doesn’t take away from the content of the book but a reader may need to reread a few passages to make sure they know what’s going on.
I rate The Employee Millionaire 3 out of 4. The content is an amazing guideline for the beginning investor, but the editing issues may leave a reader overwhelmed.
The Employee Millionaire
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