Book Review: The Richest Man in Town

Posted Posted by trav in Book Reviews, Book Talk     Comments No comments
Nov
17

The Richest Man in Town is a book in the vein of The Millionaire Next Door and paints an interesting picture of America’s most financially successful people. Author Randall Jones pulls out his notes and rolodex he amassed while putting together Worth magazine. The cross section and insights these provide are very illuminating. This book is less on the stats and numbers and more about the philosophies and outlooks of the richest men in town.

Jones organizes the book into 12 Commandments of Wealth, all traits and habits he’s noticed many RMITs share. He then fleshes out these ideas with interviews, history and facts provided by the RMITs he interviews. While you will probably recognize many of the people Jones interviews, the fun part is reading about the RMITs you’ve never heard of. He even interviews and quotes two people from Alabama! One from Tuscaloosa and another in Birmingham.

The book is equal parts personal finance philosophy and business acumen. I think it’s a great read for anyone trying to grow the back account beyond the “paycheck to paycheck” cycle so many are stuck in. I give it 3 out of 5. You can visit the book’s standalone site here.

(In the spirit of full-disclosure, I was given this book by the publisher to read and review.)