The Prosperous Peasant: Five Secrets of Fortune and Fulfillment Print
Tuesday, 11th December 2007 (by J.D.)This article is about Basics, Books, Self-Improvement
One night each month, I meet at a local restaurant with a group of friends. We are the Woodstock Writers Guild. Mostly we eat, drink, and chat, but we also take turns sharing the stuff we’ve written: fantasy novels, horror stories, and even some literary fiction.
Though most of us are only aspiring amateurs, we do have one real writer in the group. Mark has published two novels: The Green Age of Asher Witherow and Lost Son. At our last meeting, he handed out copies of a new book, The Prosperous Peasant, which he co-authored with Tim Clark. It took a moment for me to realize what I was seeing. I was crushed.
“Mark,” I said. “This isn’t fair. I’m the personal finance writer. But you’ve put out a book about money before I had the chance!” He just grinned at me.
Prosperity principles
But The Prosperous Peasant isn’t a book about personal finance. It’s a book about prosperity — a success manual. Though financial success is product of personal fulfillment, it’s not the source. Fulfillment comes from balance, and from the pursuit of goals.
Explicitly drawing inspiration from George S. Clason’s classic The Richest Man in Babylon, this book reveals its “secrets” through stories told by a learned master. In The Prosperous Peasant, the master is HIdeyoshi, a samurai and one of Japan’s great leaders. At his temple school in Nagahama, Hideyoshi teaches the secret of his success to all who care to hear. His secret?
I fear I must tell you the truth. There is no secret. … But there are five eternal principles on which the ancients’ prosperity was founded, principles which will continue to serve successful men long after our grandchildren’s children have turned to dust.
It is these principles that The Prosperous Peasant hopes to convey.
Gratitude attracts luck
“Gratitude instills a spirit of sincere and industrious service.”
True luck visits few people in life, but opportunity is a frequent visitor. It is those who learn to act upon opportunity that others believe to be lucky. “Luck” also comes from helping others. When you give your time and resources to help other people achieve their dreams, they’re likely to remember your actions, and to return the favor in the future. This isn’t luck, either, but a form of social capital. The lucky man is not lucky — he seizes opportunity and helps others to achieve their aims.
Know your gift
“All men of grateful spirit can achieve success if they work to make the most of their talents.”
Know your strengths and how to use them. If you’re good with people, don’t become trapped in a job where you’re only shuffling paper. If you enjoy the outdoors, find a way to make that your vocation. I’ve always loved to write, and I like to think that I have some modest skill at it. For years, though, I did not pursue this gift. It was only once I focused on this strength that I obtained fulfillment.
What if you don’t know your talent? What if you have no gift? Consider the non-obvious. The Prosperous Peasant tells the parable of Taro, a boy whose gift is unfailing persistence. Though he has no skill in any particular trade, he’s able to become a master potter by dedicating himself to the craft for ten years.
Conceivable means achievable
“We must all begin where beginning is conceivable.”
Napoleon Hill once said, “What the mind of man can conceive and believe, it can achieve.” Though this idea has been co-opted by Law of Attraction cultists, there’s some truth to it. When you set and pursue goals, you’re conceiving — and achieving — the things you desire.
You start by setting goals that actually make sense for your situation. You cannot start by saying, “I want to win the Tour de France.” You begin by learning to ride a bicycle. From there, you might set a goal to win a local race. You start with realistic goals, goals that are conceivable. Success builds upon success, and eventually you just may find that winning the Tour de France is achievable after all. Lance Armstrong had to start somewhere!
Effort determines results
“Average effort produces average results, but extraordinary effort produces extraordinary results.”
In the things we do, it is our effort that plays the largest role in how successful we become. Sure, we all encounter unexpected obstacles. But strength of will and perseverance can usually help us overcome these. In most cases, the degree of our success is determined by how much effort we put into something. If we do a half-ass job, we’re going to get half-ass results. If we pour blood, sweat, and tears into something, our effort will be rewarded.
Success doesn’t happen overnight — you are not going to get rich quickly. Instead, it’s a result of extended effort over months, years, or decades. Yes, you can become wealthy (or achieve other forms of success), but to do so requires sacrifice and hard work.
Collaboration breeds success
Everything you accomplish owes to the help of someone else.
The child learns from her parents and her teachers. The young woman learns from a mentor. And the lady learns from her peers. From the day we’re born, we draw our strength from others. Our ability to work with family and friends plays a large role in our success.
No one person can be a master of everything. In order to achieve our dreams, we must rely upon other people, to draw upon their skills. For me to form a successful business, I need the advice of a trusted lawyer, a good accountant, and other such advisers. In turn, it is to my benefit to help others achieve their goals.
The Bushido Code
Though I like The Prosperous Peasant for its exploration of these five success principles, I love it for its underlying philosophy, as embodied by this statement:
Prosperity is as aptly measured in love, friendship, and personal fulfillment as in gold or fame.
Here at Get Rich Slowly, we spend a lot of time talking about gold. (This is a personal finance blog, after all.) But financial wealth is only one aspect of success. A truly successful person is rich in all aspects of her life.
The final chapter of The Prosperous Peasant briefly describes the virtues of the Bushido Code: justice, courage, benevolence, politeness, honesty, honor, loyalty, and character. These traits, and Hideyoshi’s five principles of success, form an excellent foundation for life.
Recommendation
I like The Prosperous Peasant, and will certainly read it again in the future. I did have some problems with it — the narrative is slow to start, and I found myself getting lost in a sea of Japanese names — but these complaints are minor. I’ll refrain from giving my usual buy/don’t-buy recommendation. I’m not an impartial reviewer. Though I have no vested financial interest in the book’s success or failure, it was written by friends, and I feel uncomfortable saying “Buy this book!” when I know my judgement is clouded by association.
Fortunately, you don’t have to take my word for it. You can take the book for a test-drive yourself. The authors have posted a longish chapter for free in PDF format: “Gratitude attracts luck: The scroll of fortune“. By reading this, you should be able to determine whether this is the sort of book that could help you. You can also read more from them at The Prosperous Peasant blog, in which they meditate on balancing fortune with fulfillment.
Free books! Mark and Tim have generously offered to contribute five copies to Get Rich Slowly readers. From the comments on this review, I will select five names at random to receive a copy of The Prosperous Peasant.

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December 11th, 2007 at 5:36 am
I like how you didn’t recommend buying the book at the end of your post. It had the exact opposite effect.
I’d like a book to give as a present to someone.
Cheers from a Romanian reader,
Razvan Roman
December 11th, 2007 at 5:36 am
Mark — if you are reading these comments, who are your favorite success authors?
December 11th, 2007 at 5:38 am
I’m not sure whether this sounds like the sort of book that I’d like. If it’s going to be a parable, I prefer it to be a short story to be honest.
I certainly agree that prosperity can be measured in many ways, and I’d even go as far as to say that you aren’t prosperous until you are have reached a contented in each of them.
And I really like the sentiment “There is no secret”. That is definitely true.
December 11th, 2007 at 5:43 am
So far I love what this book has to say. I am looking forward to purchasing it.
I agree with Plonkee. I do better with short stories. Maybe I am just too ADD to stick with longer novels since I tend to start them get half way through and lose interest.
December 11th, 2007 at 5:47 am
JD - Sometimes your reviews are too good. So good that I feel like I don’t even need to read the actual book to learn something. Keep up the good work!
December 11th, 2007 at 5:54 am
Plonkee, your highlighting of the sentiment “There is no secret” made me think of that wonderful Gertrude Stein quote:
“There ain’t no answer. There ain’t gonna be any answer. There never has been an answer. That’s the answer.”
And speaking of peasants, Stein has this other quote I’ve always loved:
“The earth is the earth as a peasant sees it, the world is the world as a duchess sees it, and anyway a duchess would be nothing if the earth was not there as the peasant sees it.”
December 11th, 2007 at 5:55 am
I’m at work, but am looking forward to reading the sample text tonight. I’m quite intrigued by the approach of this book and am very interested. Thanks for the review.
December 11th, 2007 at 6:02 am
Very insightful post! Particularly, the part about giving and receiving gratitude.
This is my first time visiting your site as we were both listed (as links) in Leo Babauta’s most recent post….
I will most definitely be adding your site to my RSS feed
Kind regards,
Mark
December 11th, 2007 at 6:07 am
Well there’s a sign if ever there was one - i have been pondering all day on the decision of spending a not insignificant amount of money on one-to-one Bushido tuition. I was planning on phoning to book tonight, and this cements it.
I love the idea of a monthly book-club meet over drinks and food, it sounds wonderfully sociable! Think i need to get involved involved in something like that, and get away from my computer occassionally. :~P Thanks for the review, and congrats to your friend on his third book! Quite a departure from the standard financial books, but a welcome one i’m sure.
December 11th, 2007 at 6:20 am
Always good to take a step back and think about our actions and motives.
Also, gimme a free book!
December 11th, 2007 at 6:23 am
it sounds very “richest man in babylon”, but that is a format not often used to convey personal/financial development books.
if it only had one lesson in it, or one thing that made me stop to think, it would be worth the read.
December 11th, 2007 at 6:24 am
This book seems like it lists a lot of great principles to live your life by. As Plonkee mentioned - I like the quote that there is no secret. Too many people look for a magic switch to flip that will make their life perfect. It doesn’t exist.
December 11th, 2007 at 6:29 am
Very interesting idea. Of the admittedly little I know of the bushido code, I think it could be difficult to interpret/use in this way, but I’m intrigued. Perhaps I’ll have to pick this one up.
December 11th, 2007 at 6:30 am
@Razvan - I find that often the best ’sales pitch’ is simply letting people know that there is an item, letting them know why it might actually be relevant to their interests, and then letting them decide for themselves.
Although given the nature of this blog, there wouldn’t be anything ’sales pitch’ about it. I appreciate the sincere recommendation of a friend’s effort, and I have definitely shared this article with friends and co-workers who are fans of The Richest Man In Babylon.
December 11th, 2007 at 6:30 am
I’m really interested in reading this book for two reasons. The first is that the contents of it sound really interesting; I’m all about living a more fulfilling life.
).
The second reason is that I’d like to see how the Japanese theme is presented. I’m living in Japan now, and I’ve become quite wary of Japanese themes as presented by Americans (forgive the assumption that the authors are in fact Americans
December 11th, 2007 at 6:31 am
Of course, someone writing a blog titled, “The Financial Philosopher,” would agree that “wisdom” translates to all areas of our lives. The same wisdom that works in personal relationships and personal health also works with personal finance.
As von Goethe said, “All truly wise thoughts have been thought already thousands of times; but to make them truly ours, we must think them over again honestly, till they take root in our personal experience.”
That’s why I urge people to bypass the business and personal finance section altogether and buy books on philosophy…
December 11th, 2007 at 6:32 am
I would lvoe to read it - it seems like hte kind of blance I work best with as a reader.
i love your site, even though I don’t comment much I read it daily and pass articles to my hubby all the time, and I am glad its working well for you!
December 11th, 2007 at 6:36 am
I think we can learn a lot from the Japanese culture. Even 3rd generation Japanese in the US seem to cling to(now)old fashioned values that made the United States great. I’m going to check out this book.
December 11th, 2007 at 6:41 am
Thank you so much for your review of this book. I read the excerpt and it was exactly what I needed to hear. Not that it’s something I’ve never heard before, but I’m going through a tough personal situation at the moment, and this reminded me that I still have so much to be grateful for. I feel more lucky already!
December 11th, 2007 at 6:43 am
Great review. Looks like a good read.
Have you ever considered creating a recommended reading page on your site?
I am always looking for a good sources of financial information.
Thanks and keep up the good work.
December 11th, 2007 at 6:47 am
Sounds like an interesting book - I’m looking forward to reading this one, because I’ve been trying to not focus on my financial status as a separate issue, but to learn to live my life in a way that is conducive to contentment and quality work, expecting that I will become more financially responsible among many other good things as a result.
Thanks for bringing it up to us!
December 11th, 2007 at 6:49 am
Great review, looking forward to checking out the sample posted. Love the title too. If you’re content with what (little) you have, then you’re already rich!
December 11th, 2007 at 6:56 am
I really liked the sample chapter. The parables as lessons method of teaching has long been my favorite. I think this book may be for me.
December 11th, 2007 at 6:58 am
This sounds like a book that my wife might actually enjoy. I’ll definitely look into it.
December 11th, 2007 at 7:00 am
Hi!
Here in Spain there isn’t to much money culture. Spain is a growing country now. I wish spanish readers start reading books like this and reading blogs like Get Rich Slowly. Have you though anytime in translating your blog or books like this to other languages?
About the book I have to say that I like to read educational books based in histories.
Good luck!
December 11th, 2007 at 7:14 am
Hi from Miami,
Thanks for mentioning this book, it sounds interesting and I’d really like to read it! I guess it kind falls along the same lines of The Secret or rather the Laws of Attraction. Thanks
December 11th, 2007 at 7:25 am
I love everything you have covered about the book. It sounds very promising on assisting someone in achieving their financial goals. I have introduced both of my adult children to your blog. Keep up the great work!!!
December 11th, 2007 at 7:30 am
Sounds like a cool concept. I’m interested in the “know your gift” section. This is something I’ve been struggling with lately. I’ve been in the software field for several years now and have had some moderate success, but I’m to a point where I’d like to try something else (now that I’m finally debt-free).
Any advice from the shogun masters of this book would always be welcome
Thanks for pointing this one out…great review!
December 11th, 2007 at 7:36 am
The title is catchy. It sounds like a cool club. I am curious how you found the club or did you and some buddies set it up?
December 11th, 2007 at 7:56 am
@Maitte
I, too, thought that parts of the book — especially in the beginning — sounded like The Secret. Fortunately, the similarity is only superficial. TPP stresses the need for hard work and perseverance. No wishful thinking here.
@Matt
This writers guild was set up by some buddies of mine. We knew each other from college. It’s grown now, though, to include other people, like one of my former writing instructors. It was something of a lark at first, but I feel like it’s getting more serious with time. I highly recommend that aspiring writers find such a group.
December 11th, 2007 at 7:57 am
This sounds like a fascinating book! I’ll have to look into this one–and that other one, The Richest Man in Babylon.
(**hopes for one of the free copies**)
December 11th, 2007 at 7:57 am
This sounds like a wonderful book, I am going to check out the sample chapter and the blog.
I like that the book (at least per your review) focuses on balance. The more I learn, and the older I get, the more I understand that everything is balance.
Slow and steady progress, both financially and personally, is the true path to success.
The other main point that I loved, and that makes me really want to read the book, is this one:
>>Everything you accomplish owes to the help of someone else.
It has taken me 30 years to realize this, but it is the truth. If you have no gratitude for those who have given to you, then you are half a person - out of balance and often alone.
December 11th, 2007 at 7:59 am
That chapter was interesting - and true. I’d love to win and give the book to my son. He could benefit from the wisdom.
December 11th, 2007 at 8:13 am
I like the format of this book. It is simply written and I feel that it will be a good book to share with my young teenagers, as well as an interesting read for me.
December 11th, 2007 at 8:15 am
Sounds like something I could use at this point in my life. I’ve been feeling a bit “stuck,” and I wonder if this sort of wisdom could help me focus.
December 11th, 2007 at 8:19 am
Sounds like an interesting book! I’m going to go read the chapter.
(p.s. it’s my birthday. hint. hint.)
December 11th, 2007 at 8:19 am
I know it wasn’t intentional, but the line “There is no secret” made me think of a friend who is determined to base her financial life on the book “The Secret”. And that’s fine, but I think this one is closer to my own thoughts (I can only consider myself ’successful’ if allowed to count those intangibles!)
I’m off to read that sample chapter now….
December 11th, 2007 at 8:20 am
This could be a nice christmas gift!
December 11th, 2007 at 8:36 am
Thanks for your honest and warm review of the book. Will read the sample chapter tonight and if I like it, Santa will likely give it to me this Christmas!
December 11th, 2007 at 8:40 am
Interesting book. I’ve wanted to read more about the Bushido code and to see a book applying it to modern life would be very interesting. If I don’t win one, I’ll probably buy it or ask for it for Chirstmas.
December 11th, 2007 at 8:45 am
I really enjoyed Richest Man in Babylon; sounds like I would like this as well. On another note, good for you for keeping in close touch with friends - too many of us lose track too easily.
December 11th, 2007 at 8:46 am
I wonder if it is a continuing narrative, the tale of one specific peasant? Or is each chapter a different vinyet(sp) of example?
These kind of core-Ideas are often important for people to process, but difficult to broach, so i am glad that a team somewhere has attempted.
Was the narrator a real person in Japan’s history? Is this taken from some larger template? Or was this choice just a matter of style? QUESTIONS TO BE ANSWERED WHEN YOU BUY IT.
Speaking of books, JD: You could accumulate the “best of” articles, along with the “best of” comments, & do a bit of book publishing, ya know.
December 11th, 2007 at 8:48 am
I think that this approach is important to our society as a whole. Too many people equate building wealth with being greedy, stepping on others etc.. It’s refreshing to see that this book takes a kinder, considerate approach. I’m looking forward to reading this.
December 11th, 2007 at 8:49 am
The book sounds good.
I especially agree on setting achievable goals, and making what is achievable grow everytime.
December 11th, 2007 at 8:59 am
My husband suggested I subscribe to your site and while some of the topics I feel are slightly over my head, I do enjoy reading your blog everyday. Slow learner, but I’m trying.
The book sounds very interesting, good gift for my husband…we both loved ‘Richest Man in Babylon.’
Happy Holidays!
December 11th, 2007 at 9:07 am
Interesting sounding book. I like parable aspect of it, but I’m not sure about a novel-length parable. In any case, I’m sure it would be an interesting read.
December 11th, 2007 at 9:08 am
What’s the title mean peasant?
December 11th, 2007 at 9:13 am
I noticed others have commented on it but I am glad that you too took the time to point out the pitfall of THE SECRET. Setting achievable goals, accomplishing them and then setting harder goals is a sure contributor to achievement. However, sitting in your room wishing and dreaming may inspire you to action temporarily but it will not give you determination or perseverance, both of which are qualities of achievers.
A trait I think could be added would be observance. I have found many incredible achievers by taking a step back and watching the character flow out of individuals. When you do this you pick up on traits you admire and in time they become part of your character as well.
December 11th, 2007 at 9:21 am
These 5 points are great! I was just scanning the article as I have an exam to study for, but I will definitely read it in depth later and will probably mention it in a blog post soon!
Thanks for all of the great info!
December 11th, 2007 at 9:25 am
I really like the emphasis on balance, and that that emphasis is not only on our financial prosperity, but our overall prosperity.
I feel like this has been a big life lesson for me recently. This blog and also getfitslowly have been very relevant for me, and have helped me identify some self-destructive traits in myself. When I endeavor to accomplish something (like be fiscally responsible, or lose weight) I tend to go to extremes - I turn ultra miserly and try not to spend a penny, at the expense of depriving myself of life experiences. But then I’ll drop the ball and end up blowing money on worthless stuff. Or I end up starving myself, and then when I get off track, I gorge myself on tons of unhealthy food.
I’m a first year grad student/teaching assistant (so I’m poor, which makes it so much more tempting to eat unhealthily), and so I feel like I’m living independently for the first time in my life. This blog has been really helping me establish balance at this point in my life.
December 11th, 2007 at 9:30 am
“Everything you accomplish owes to the help of someone else.”
I think that is one of the main keys to success that you don’t really find out until you are out of college and into the real world. Schools, particularly primary, could do a better job of encouraging collaboration and foster environments where you learn to rely on others.
December 11th, 2007 at 9:46 am
This is my first time to this site and it spoke straight to my heart…such great advice…look forward to reading more entries…
I guess everything happens for a reason
I’ve been struggling a lot with how to move forward in my life….would love a copy of the book…
God bless everyone and happy holidays!
December 11th, 2007 at 9:56 am
Thanks for the review and the sample chapter. It sounds like a fascinating book and the sample kept my interest. Given the time of the year, I’m not going to rush out and buy it now, but wait and hope that someone gives me a gift card for a bookstore. One of the things that I like about your writing is that you don’t focus solely on ways to save pennies here and there, but instead work towards bringing about the proper attitude to wealth. Wealth is not solely a matter of currency.
December 11th, 2007 at 9:59 am
Sounds like a good book, and I wouldn’t mind receiving a copy.
December 11th, 2007 at 9:59 am
Conceivable means achievable
“We must all begin where beginning is conceivable.”
Great review. Also at work, but reading the excerpt is on my TO DO list for tonight.
Curiously enough, I’ve been reading GRS for over a year and still this is the first time I’ve ever submitted a comment.
Thanks for the insight!
Regards from México.
December 11th, 2007 at 10:14 am
I read your blog daily. I have learned a lot form it, but usually don’t feel comfortable enough to leave a message. However, I would certainly like to be considered for one of the free copies of The Prosperous Peasant: Five Secrets of Fortune and Fulfillment.
Thank you!!
TMc
December 11th, 2007 at 10:26 am
Always a hoot to see old philosophies re-visited and applied to modern situations. Should be worth a read… Thanks!
December 11th, 2007 at 10:34 am
If you see an opportunity, and lack the resources to take advantage of it, is it an opportunity?
December 11th, 2007 at 10:49 am
From the review, it sounds like an interesting book. Can’t wait to check out the free chapter.
December 11th, 2007 at 11:16 am
I think the principles on both the site and the book are important. Having recently graduated college, I get frustrated easily when things in my career are not happening as rapidly as I would like them, but I look around at friends, mentors and relatives and realize that these 5 principles have worked for them.
I greatly appreciate the principle on helping others. That has been an area that has been a struggle with less free time, but something that makes me feel great knowing that I am doing good.
I will read the chapter tonight! I am always up for a new book.
December 11th, 2007 at 11:30 am
Great, yet another book to add to the pile.
But, I do like *free* books
December 11th, 2007 at 11:31 am
I’ve been quite intrigue by the whole prosperity idea since listening to The Prosperity Show podcast. I want to have financial freedom someday, but I have never really though of the whole fulfillment issue. Having all that money without the love and respect of your family and peers is meaningless.
December 11th, 2007 at 11:32 am
Thank you for the book review. I particularly like this statement:
“Prosperity is as aptly measured in love, friendship, and personal fulfillment as in gold or fame.”
So true!! I will read the sample chapter tonight and I would love to be the recipient of one of the books.
December 11th, 2007 at 11:52 am
Sounds like a winner. Parables always hit closer to home for me than just laying it out there. It kind of helps me relate better. I enjoyed “Richest Man in Babylon” so I will probably have to check this one out as well. Good post.
December 11th, 2007 at 11:55 am
“Do what you do best for as long as you can.” -Warren Buffet
“You can’t get there alone.” -Randy Pausch
“People don’t mind being used; what they mind is being discarded.” -Chris Matthews
You only get out what you put in.
December 11th, 2007 at 12:20 pm
“…financial wealth is only one aspect of success. A truly successful person is rich in all aspects of her life.”
I think this is a very important principle to keep in mind. It’s easy to focus on financial success and lose sight of having a balanced life.
December 11th, 2007 at 12:42 pm
I’ll throw my name into the hat for a free book.
I lived in Japan and speak Japanese so I’m looking forward to reading it for the cultural as well as financial aspects.
December 11th, 2007 at 12:44 pm
I would like to say I’m not just replying to get a book, but that would be a lie. I’m fairly new (2 months) into turning my financial life around in search of black ink and any help, such as this book, is very welcome.
December 11th, 2007 at 12:53 pm
“Effort determines results”
This is something I’ve been really wrestling with lately. I’ve been trying to divorce myself from the idea that some people are inherently “smart” and realize that it is all about effort (that talent makes up on a small portion of the success formula).
I wanna free book.
December 11th, 2007 at 1:01 pm
Just started reading your blog a few weeks ago. Great stuff!
Sounds like a great book…people forget what the true measure of “success” is. I am a finance major at the University of Rhode Island, a ridiculously superficial school. I have some very wealthy friends with sad disconnected families, and some middle class friends with very happy tight-knit families. I find it disappointing how signals such as the clothes you wear and cars you drive measure the “success” of an individual. If anything, I would love a free copy of this book to give as a gift to one of my good “successful” superficial friends. It may change his mind set when thinking about the true meaning of “success”
December 11th, 2007 at 1:49 pm
Yes, definitely sounds like The Richest Man In Babylon. Although a free copy wouldn’t hurt.
December 11th, 2007 at 2:07 pm
I read The Scroll of Fortune chapter online, and found it to be an easy read. It’s a very simple read, with a style that reminded me a bit of The Wealthy Barber. I found it a bit better than The Wealthy Barber in terms of being able to keep my interest, but I’ll have to read the rest of the book to see if the book stands up as a whole, or falls prey to too much repetition in the anecdotes (the main problem I had with The Wealthy Barber).
December 11th, 2007 at 2:14 pm
It sounds like a great book, but I’ll do the right thing and wait till the library has a copy:-) Unless of course you can find it in your heart to shoot me a freebie.
December 11th, 2007 at 2:21 pm
Valerie, this book is much better written than The Wealthy Barber. I love TWB, but it’s not a great piece of literature…
December 11th, 2007 at 3:52 pm
What a wonderful story which is easy to read while learning a very valuable lesson…
Please thank your friend for the chapter and I wish him much success…
I will look forward to reading the entire book..
December 11th, 2007 at 4:07 pm
J.D.,
Thanks for the great blog, I read it daily now, and I would love a chance to win The Prosperous Peasant.
Nick
December 11th, 2007 at 4:19 pm
I would love a chance to win that book. It looks like a great read. Those who happen to win the book should review it at amazon.com.
December 11th, 2007 at 4:24 pm
This sounds like a book I’d definitely love to read. The principles outlined in the review would suit my style for pursuing success and fulfullment. Great blog.. keep up the good work!
December 11th, 2007 at 4:28 pm
Thanks for posting about this book; I’m not sure I would have heard of it otherwise. Sounds like it is well balanced with sage advice.
I put it on my reminder list just in case I don’t get it before then.
December 11th, 2007 at 4:37 pm
I’ve been reading a lot of money books lately and this one sounds like it is right up my alley.
I’m off to read the chapter…
December 11th, 2007 at 4:42 pm
I love your contests. This books sounds like a good read. More than anything, I’d like to get more info on setting up a club — can you do a story on that (investing/book/etc).
December 11th, 2007 at 5:18 pm
Balance, simple balance.
Any text, advice, discussion, or practice that helps you achieve it is well worth pursuing.
Thanks for the ‘non-recommendation.’ Works for me, I’ll buy it.
December 11th, 2007 at 6:15 pm
Balancing work and life are a major part of personal finance and pursuing what you love with passion is important. I like the idea that this book looks at building a successful life which would include personal finance.
December 11th, 2007 at 6:33 pm
Thanks for posting about the book. It looks interesting. I’m also happy to see that the idea of “wealth is more than gold” is addressed. So much of getting out of debt is about being happy with what you have and not constantly wanting more. So many of us are judged by our job, what we wear, what we drive, etc., that we often overlook what really matters. (Ick, that’s such a cliché, but it’s true.) I make less of a salary working for a nonprofit than I would back in the corporate world, but I can’t tell you how good it feels to see how we help others help themselves. Plus, I can honestly say my benefits and vacation time here are better than what I ever got working in the corporate world.
December 11th, 2007 at 6:50 pm
It’s awesome to write, even if it only helps the writer!
I am PUMPED by the fact that my own book on personal finances will be out in early February!
Congratulations to your friend!
December 11th, 2007 at 6:53 pm
JD, Napoleon Hill is surely THE gift who keeps on giving
This book had me at: “. . . there is no secret.”
EXCELLENT!
December 11th, 2007 at 7:21 pm
Did somebody day free book? I’d love one.
December 11th, 2007 at 9:02 pm
I had the opportunity to check out The Richest Man in Babylon earlier this summer and it definitely inspired me to put forward a different outlook in my study of success and prosperity.
I’ve realized in reading books after books on “getting rich”, “becoming a better person”, etc., that most authors are saying the same things over and over, with the exception of some more contemporary works such as The 4 Hour Workweek or some of the new takes on economics as applied to social phenomena such as seen in Freakonomics and Malcolm Gladwell’s The Tipping Point.
So even though I include the latter half of those books in my reading repertoire, I’ve been focusing on some of the more classic stories such as Ragged Dick, or The Worldly Philosophers. Achieiving success is a product of fiding simple habits. To get into the true psychology and philosophy behind the 1000’s of books out there. It’s time to come back to storytelling and canonical works in philosophy.
Great post, I’m glad I came across this!
December 11th, 2007 at 9:17 pm
Unfortunately, it’s not always possible to plot out an exact path to one’s goals. Thinking about career paths, in this day an age, there will likely be thousands of entirely new careers 10 years from now that we can’t even imagine now.
I also disagree with the notion that extraordinary effort leads to extraordinary results. One has to choose carefully what to invest blood, sweat and tears in. Sometimes you may invest these things and simply get a pat on the back at the end.
December 11th, 2007 at 9:28 pm
Fellow Oregon guy here. Japanese culture is awesome and I’m sure this advice will be helpful.
December 11th, 2007 at 10:13 pm
I think a book of this nature is particularly beneficial at a time like this, with the turbulence of the US market as they are.
You can send a free book to me if you want to…
December 12th, 2007 at 4:22 am
Was I the only one who tripped over the bold word in this quote from the book?
“But there are five enteral principles on which the ancients’ prosperity was founded….”
I think they were going for something like “gut truths” here, but enteral is an alternate rendering of enteric, which still very literally means “of or relating to the intestines.” Maybe it’s just because I’m a medical editor. Still, it sounds out of place coming from a medieval Japanese person.
I for one am still looking forward keenly to the Get Rich Slowly book of this blog!
December 12th, 2007 at 4:57 am
I would definitely buy the Get Rich Slowly book! Blogs are fabulous for what they do, but books really let you connect the dots and deliver a coherent message from start to finish. That’s why I’m a fan of both!
Thanks for the book review - Another book for my reading list!
December 12th, 2007 at 5:58 am
ARGH!
It’s eternal, and it’s a typo. I am so embarrassed…
December 12th, 2007 at 6:48 am
@ JD - way to help out a friend!
I was really, really impressed with the sample chapter. So much so that I thought about it tonight and came back to comment.
I would have commented on their blog, but it’s does not seem to be exactly related to the book yet, so maybe this is also an appropriate place to do it.
For those that read the sample chapter what impressed me in the parable was that the man (after squandering his money) built his fortune by:
1) Remembering who he owed loyalty to
2) Working hard
3) Living simply
and
4) Giving his money to someone who knew how to invest it wisely.
It’s number 4 that I wanted to talk about here. I sure would love to see some posts and / or running commentary on the entire do it yourself investing vs. having someone do it for you. I see from previous posts that you use Sharebuilder, what is the rest of your plan?
Is there a way to balance personal investments with supervised investments other than a 401k?
Just thoughts.
December 12th, 2007 at 7:34 am
I was intrigued until I read:
“All men of grateful spirit can achieve success if they work to make the most of their talents.”
I have daughters, and I find phrases that eliminate 51% of the Earth population to be hidden sexism (and perhaps subconscious; I’m not accusing your friend), and as such a turn off. It wouldn’t have killed your friend to write “People of grateful spirit…” Perhaps if he writes a second edition he might remember that were it not for his mother (as well as his father) he wouldn’t be here.
December 12th, 2007 at 7:38 am
@JD 94: Ah, that makes perfect sense. Honest typo. Look at it this way, at least you picked something that was (a) also a real word, and (b) seemed like it was someone reaching for a new context from an established medical term. I actually checked to see if its meaning had evolved to include a “gut feeling” sort of intent.
Don’t feel bad; I misspelled “entrepreneurial” in the 36-point title of a newsletter once, which led to its being reprinted at full cost. Good times….
December 12th, 2007 at 8:06 am
Great review, I always look for new ways to apply my personal philosophies to what I’m doing and vice versa, and this book falls in line with a number of them.
Hey, I’ll sign up for a chance at a free copy, but it looks like it’s worth it to buy.
December 12th, 2007 at 8:58 am
After reading this article I now know where I have gone wrong in my financial life. Not having a money mentor has been a critical mistake and now to have this book not only as a guide but a treasure to pass along to my children is more than I could hope for.
December 12th, 2007 at 10:32 am
Not too sound too critical, but the book is just rehashing concepts written in various “success” and “happiness” books. The authors take a different spin on it by having it set in a Japanese context, but really not saying much new. However it if helps people then great - there are always people out there looking for guidance and a book is as good a motivator as any. Perosnally I prefer to read success and advice stories in the blogsphere (like your blog) as it feels more real.
To paraphrase what someone said to me…I rather be rich and unfullfilled, than poor and unfullfilled. So while money may not bring satisfaction from a holistic perspective, atleast I get to drown my misery in style!