Formula For Wealth – Author Interview

I work with authors all year in various capacities through my book publishing company: CKBooks Publishing.

I can help with editing (all types), print and ebook design and formatting (yes, books you read have to be designed and formatted by someone), cover design, or even publishing. For Alan James (pen name), it was all of the above. 

Since I am an author myself, I like to help my clients when I can by featuring them and their books. So Alan has answered a few questions for us about his debut book: Formula For Wealth, which has garnered a 5 star review from Reader’s Favorite, btw. Good going, Alan!

 

This is part of what the reviewer (Foluso Falaye from Reader’s Favorite) said:

Formula for Wealth by Alan James details realistic and measurable ways to achieve certain financial goals. As clearly stated by the author, it is not a get-rich-quick scheme. Rather, it is a book for the wealth builders who are willing to put in the effort and the time it takes.

A wide range of subjects that determine wealth is examined: personal finance, wealth management, spending habits, lifestyle choices, unplanned expenses, assets and liabilities, and much more.

As the title suggests, Formula for Wealth includes some calculations, which would help in mapping out plans with specific time frames for achieving financial goals. In his richly packed book about acquiring wealth, Alan James leaves nothing untouched.

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Some questions for Alan. 

Alan, how do you determine what your wealth is and what it can become?

You can know your wealth by calculating your net worth and you can use the equation for wealth to see what your wealth will become.

Can you determine how decisions that you are making will affect your wealth?

You can put the information into the equation for wealth to see the effect on your wealth. A couple of examples used in Formula For Wealth (link to amazon https://www.amazon.com/Formula-Wealth-Alan-James/dp/1949085341/) are buying a car and buying a house.

What prevents me from getting wealthier?

Decisions that you make and the actions that you take can prevent you from getting wealthier. The Formula For Wealth goes through factors like credit, instant gratification, and market pressure. It also provides tips for being successful implementing wise decisions.

What would it take to become a millionaire?

One way to become a millionaire is to invest about $100 a week into a retirement account where your employer matches your contribution and then when you get 10 percent return on your investment you will become a millionaire in less than 26 years.

Now, what about you? 

So why would I use some of my time during retirement to write a book? I had come up with a statement that simplified the equation for wealth and wanted to share it. I began to write a book to explain the equation for wealth and the simplified statement that I call the Formula for Wealth. When I begin a project, I find it very hard not to complete it, which helped to get my book available to help readers understand wealth.

Now that I am done writing my book, what will I do to keep busy? We moved to Arizona for retirement. I bought a house that needed some attention, so there are lots of chores to do. If there is not enough work around the house, there is be plenty of work around the church that can be done. I try to exercise regularly. My wife and I have taken up line dancing and we take the dog hiking. We are enjoying exploring the southwest, too.

Thanks, Alan. Enjoy your retirement!