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Book Review: Goal Digger by Alicia Dunams (and a giveaway!)

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A while ago, I was contacted by Alicia Dunams. She’s the author of “Goal Digger – Lessons Learned from the Rich Men I Dated” (aff. link) and she was wondering if I would be interested in reading her book. The first thing I noticed was the word play in the title. Instead of “Gold Digger” (which my husband thought was the name of the book until I explained to him otherwise – LOL) it is “Goal Digger.”

Alicia defines “Goal Digger” as a woman who:

  • desires wealth in all areas of life
  • seeks the secrets of the millionaire mind
  • has the smarts, optimism, integrity, and passion to do it herself
  • It seems simple when you look at it in writing. But I think we all realize that if it was that simple…we’d all be filthy rich.

    First and foremost, Alicia’s book reads like you are listening to a girlfriend tell a story. She affectionately refers to the rich men she has dated with names such as Mr. Rich and Mr. Smooth.

    I bet you are thinking, “OMG – She is a gold digger. She wanted to marry a rich man!” That’s what I thought too until I read the beginning of the book. Alicia reveals that in the beginning, she did want to marry a millionaire. Along the way, though, she decided that she wanted to be one herself. She has various little Millionaire Memos throughout the book and this one sums up her attitude, “Why marry a millionaire when you could just think like one. Better yet, you could be your own millionaire.”

    In a nutshell, “Goal Digger” details the things she learned from these rich men – things that helped her to become financially successful. So the book ends up being part memoir and part self-help book. There are even exercises that you can go through to help get you thinking like a millionaire.

    One section I really enjoyed was the power of words, also known as the abracadabra principle. As a blogger and an avid reader of blogs, I know how powerful words are. The goal is to try to remove those negative words in life (like “I can’t” or “never”) and replace them with positive and powerful words. Some positive thinking can go a long way.

    Related to that section is one about saying, “What If.” According to Alicia, rich men don’t ask, “What if?” They ask, “Why not?” The big difference is that “What if?” implies a lot of fear. “Why not?” implies a lot of confidence. You will always have some fear, but the key is to shift your way of thinking to be more like a millionaire’s mind.

    I always enjoy books that make me think and help me to realize a few things that I do that might be holding me back. This book did that. While reading it, I became very self-reflective and looked deeper into myself. A big problem that a few of you reading have pointed out is that I still have the mindset of a poor person. It’s not something that has been easy for me to change – it’s a work in progress.

    If you are looking for a book that is entertaining, easy to read and will challenge you to think in new ways (and help you to think like a millionaire!), then you may want to read this book. I have learned quite a few things, but now it’s up to me to put them into action. Before I can do that, I need to mull over things for a while. This book definitely gave me a lot of food-for-thought.

    For more about Alicia and her book, you can visit her site at GoalDigger.com. And, you can also sneak a peek at an interview I did over at her blog.

    Now, here’s the part I always enjoy. I’m giving away the copy I received from Alicia!

    To be considered, all you have to do is leave a comment on this post sharing the first thing that comes to mind when you read the word, “millionaire.”

    The deadline to enter is 11:00pm EST on Monday, October 22, 2007. I will use random.org to select one random commenter. I will announce the name on here no later than Wednesday, October 24, 2007 as well as email the commenter. At that time the commenter will need to email me back to confirm their address (US addresses only, please). If I do not hear back from the commenter selected by midnight on Monday, October 29, 2007, I will randomly select another commenter. Your chances of having your comment selected will depend on the number of comments received and only one comment per person please.

    So…what’s the first thing that you think of when you read the word, “millionaire?”

Five Words That Sum Up Our Debt Payoff Success

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I look at my debt ticker on the right hand side a few times a day. I still can’t believe where it is today. Over $17,000 of our credit card debt is gone. It may sound a little sappy, but I am a sappy gal sometimes. When I really start thinking of how far we’ve come, I can’t help but get teary-eyed.

I owe our success so far to five simple words:

Spend Less Than You Earn

Sure, there are many “keys” to financial success that you will hear, but I really believe those five words sum it all up. Even if you make $1,000,000 a year you will still get into trouble if you spend more than you earn. It’s a very basic principle and one that is very simple when you think about it.

Prior to starting this blog, we had no concept of spending less than we earned. We were in the mindset that it was okay to purchase things on credit because we will pay it off later. I shake my head at some of the spending that comes to mind. If only we had grasped the concept of spending less than we earned way back when. But the past is the past and life is about learning from your mistakes.

Now that we embrace the concept of spending less than we earn and practice it, we have made a huge dent in our debt. It will also help us pay it all off. It can’t stop there, though. Even after the debt is paid off, we will still spend less than we earn and build up a substantial amount in our savings and build a nest egg so we can live comfortably in retirement.

That’s not all! There is the next generation to think about. Although I haven’t brought it up yet, my son will definitely know the concept of spending less than you earn by the time he leaves the nest. He may choose to not apply that concept (and learn it the hard way like we have), but I am going to do my best to make sure he understands it.

Oh, and I’ll show him this blog and he can see how much debt you can get into if you don’t practice the concept! 😉