The concept of a money magic book involves the idea of using a book as a tool to manifest abundance and wealth into one's life. This idea stems from the belief that thoughts and intentions have the power to create our reality, and that by focusing on our financial goals and desires, we can attract and manifest them into existence. A money magic book can be a simple notebook or journal that is dedicated solely to the manifestation of money and financial goals. The idea is to create a sacred space where one can write down their financial aspirations, affirmations, and gratitude for the abundance they already have. The first step in creating a money magic book is to set clear financial goals. These goals should be specific, measurable, achievable, relevant, and time-bound (SMART goals).
About the Author
With wit and wisdom, Kotlikoff delivers rich economic insights, concrete advice, and hard-nosed, yet soft-hearted guidance on financial planning, all well-grounded in the science of finance. Laurence Kotlikoff is a Professor of Economics at Boston University, Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc.
These goals should be specific, measurable, achievable, relevant, and time-bound (SMART goals). By writing down these goals in the money magic book, one is setting a clear intention for what they want to attract into their life. Alongside the goals, it is important to write affirmations that support these goals.
Money Magic - by Laurence Kotlikoff
Laurence Kotlikoff, one of our nation's premier personal finance experts and coauthor of the New York Times bestseller Get What's Yours: The Secrets to Maxing Out Your Social Security, harnesses the power of economics and advanced computation to deliver a host of spellbinding but simple money magic tricks that will transform your financial future. Each trick shares a basic ingredient for financial savvy based on economic common sense, not Wall Street snake oil. Money Magic offers a clear path to a richer, happier, and safer financial life. Whether you're making education, career, marriage, lifestyle, housing, investment, retirement, or Social Security decisions, Kotlikoff provides a clear framework for readers of all ages and income levels to learn tricks like:
- How to choose a career to maximize your lifetime earnings (hint: you may want to consider picking up a plunger instead of a stethoscope).
- How to buy a superior education on the cheap and graduate debt-free.
- Why it's smarter to cash out your IRA to pay off your mortgage.
- Why delaying retirement for two years can reap dividends and how to lower your average lifetime tax bracket.
Money Magic's most powerful act is transforming your financial thinking, explaining not just what to do, but why to do it. Get ready to discover the economics approach to financial planning--the fruit of a century's worth of research by thousands of cloistered economic wizards whose now-accessible collective findings turn conventional financial advice on its head. Kotlikoff uses his soft heart, hard nose, dry wit, and flashing wand to cast a powerful spell, leaving you eager to accomplish what you formerly dreaded: financial planning.
Review Quotes
"Provocative. worth checking out. offers clear economic advice and humorous anecdotes. Best of all, Kotlikoff enjoys playing the financial-advice iconoclast." --The Washington Post
"A must-read book that has valuable information for just about everybody. If you don't save more than the price of this book, there is something seriously wrong with you."--Forbes
"Laurence Kotlikoff, the provocative Boston University economics professor and Social Security expert, has written an excellent new book, Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life In it, he offers counterintuitive and surprising personal finance tips regardless of your age."--Kerry Hannon
"The best personal finance book you'll read this year."--Terry Savage, Tribune Content Agency
"Money Magic is a delightful book. With wit and wisdom, Kotlikoff delivers rich economic insights, concrete advice, and hard-nosed, yet soft-hearted guidance on financial planning, all well-grounded in the science of finance. It will change your financial thinking and improve your financial life. Wherever in the lifecycle--beginning student to beginning retiree, the reader is in for a treat: Bon Appetit!"
--Robert C Merton, Nobel Laureate in Economic Sciences, 1997
"[Money Magic is a] comprehensive overview of the many aspects of managing personal finances." --Tribune Content Agency
"Kotlikoff's valuable insights will appeal to a wide audience seeking financial wisdom."--Booklist Online
"Money Magic is funny, ironic and an easy, brilliant read - all great things in a book about personal finance. But Kotlikoff does so much more. He shows us that true personal finance is about real-life decisions we can make. He shows us how to make them. Those choices are wildly powerful, often contrary to convention, and deeply empowering. Money Magic can literally change your life."--Scott Burns, personal finance columnist
"Full of invaluable guidance, this is a must-read for anyone concerned about their financial future."--Publisher Weekly
"Fact-filled, wisdom-filled, Money Magic is quite probably the best financial advice book ever written. You can read it for Laurence Kotlikoff's sage advice, which tells how to manage your finances for a happier, better life. You can also read it for fun: there is a laugh on almost every page. You should read it for both."
--George Akerlof, Nobel Laureate in Economics, 2001 and co-author of Phishing for Phools
"Money Magic is a must-read. An unconventional and entertaining page-turner, that will transform your financial thinking and show you how to improve your financial future."--Jane Bryant Quinn, author of How to Make Your Money Last
"Money Magic is financial Freakonomics, delivering non-stop financial shockers -- all based on common economics sense. You'll love this amazing book. It's full of wit, wisdom, and startling paths to a better financial life."--John Mauldin, author of Thoughts from the Frontlines
About the Author
Laurence Kotlikoff is a Professor of Economics at Boston University, Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., and Director of the Fiscal Analysis Center.
Professor Kotlikoff has written 20 books and hundreds of professional articles and Op-Eds. He is a New York Times best-selling author and a frequent television and radio guest. His columns have appeared in The New York Times, The Wall Street Journal, The Financial Times, The Boston Globe, Bloomberg, Forbes, Yahoo.com, Fortune, and other major publications. In 2014, The Economist named him one of the world's 25 most influential economists.
"Laurence Kotlikoff, the provocative Boston University economics professor and Social Security expert, has written an excellent new book, Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life In it, he offers counterintuitive and surprising personal finance tips regardless of your age."--Kerry Hannon
Affirmations are positive statements that help to reprogram limiting beliefs and shift one's mindset towards abundance. By writing affirmations in the money magic book, one is reinforcing their belief in their ability to manifest wealth and abundance. Gratitude is another important aspect of the money magic book. By writing down what one is grateful for when it comes to money and finances, they are amplifying feelings of abundance and attracting more of it into their life. Gratitude helps to shift one's focus from lack to abundance, creating a more positive and receptive mindset. Visualization is a powerful tool in manifestation. By including visualizations or vision boards in the money magic book, one is creating a visual representation of their financial goals. This helps to reinforce the desires and create a stronger emotional connection to them. Consistency and regularity are key when working with a money magic book. It is important to spend time each day or week reviewing and updating the book. This helps to keep the goals and intentions at the front of the mind, creating a strong energetic connection to the desired outcomes. In conclusion, a money magic book is a tool that can be used to manifest wealth and abundance into one's life. By setting clear financial goals, writing affirmations, expressing gratitude, and visualizing desired outcomes, one can create a strong intention and connection to their financial desires. It is important to approach the money magic book with consistency and regularity to fully harness its power..
Reviews for "The Money Magic Book: Your Path to Prosperity"
1. Lily - 2 stars
I was really disappointed with "Money Magic Book". The author makes grand promises about transforming your financial situation, but I found the advice to be generic and not very helpful. It felt like I was reading a compilation of common sense tips that I could have found with a simple internet search. The book lacked any real substance or unique insights. I was hoping for practical tips and strategies, but instead, I found myself bored and disinterested. Overall, I wouldn't recommend "Money Magic Book" to anyone looking for genuine financial advice.
2. Mark - 1 star
I regret wasting my time and money on "Money Magic Book". The author seems more interested in self-promotion than actually providing valuable information. The book is filled with unnecessary anecdotes and unnecessary fluff, making it difficult to extract any useful advice. I found the writing style to be convoluted and repetitive, making it a chore to read. It's clear that the author is trying to appeal to a wide audience, but in doing so, sacrifices any real depth or meaningful content. Save your money and look elsewhere for financial guidance.
3. Sarah - 2 stars
I had high hopes for "Money Magic Book" based on the title and positive reviews, but I was left disappointed. The book offers some basic financial advice, but it falls short of delivering any true "magic". The author presents information that is readily available elsewhere and fails to provide any fresh perspectives or new strategies. Additionally, I found the writing style to be dry and lacking in engaging storytelling. Overall, "Money Magic Book" did not live up to its promises or the hype surrounding it. I would not recommend it to those seeking true financial transformation.
4. Mike - 1 star
"Money Magic Book" was a complete waste of my time. The author spends more time talking about their own success and achievements than actually providing any practical advice. It felt like a personal bragging session rather than a helpful guide. The tips and strategies presented were common knowledge and lacked any innovative ideas. I was hoping for something unique and insightful, but instead, I got a self-indulgent book that offered nothing of real value. I would advise others to steer clear of "Money Magic Book" and find a more reputable source for financial guidance.