Guest Author - Rhonda Cliett

Lynnette Khalfani’s latest book “The Money Coach’s Guide to Your First Million” promises to tell you exactly what you need to do to achieve your first million dollars. So, still awaiting my first million dollars, I sat down one Saturday morning to read the book and get the information needed to become a millionaire.

First, I am a little hesitant to read a book that promises to make me a millionaire if the author herself is not a millionaire. Makes sense, right? Well, you only have to go as far as the book jacket to discover that Khalfani is a self-made millionaire. She managed to pay off her $100,000 in credit card debt and then went on to becoming a millionaire. Her first book, “Zero Debt,” explains how she dug herself out of such a huge load of debt. In addition to writing books, Khalfani is a former reporter for Wall Street Journal and a former television reporter for CNBC. She currently conducts financial workshops and offers financial coaching.

Khalfani believes there are 7 habits that you should acquire in order to build your wealth. These habits range from “Creating a Plan” to “Planning for the Next Generation.” Her advice is sound and easy-to-follow. She provides practical advice for dealing with budgets, credit card debt, and more.

For anyone who is new to financial planning and organizing, this book will prove to be very helpful in allowing you to get started on the right track. If you have a sound income, and simply need tips on how to get organized, make the most of your income, and plan well for the future, you will find this book to be useful. If you are seeking information beyond the basics, then you may find the information contained in this book to be too elementary.

This book is also very helpful for someone who is deep in debt due to their own bad habits (i.e. excessive spending). The author will help you understand how your bad habit is affecting your financial health and what you need to do now in order to overcome your habit.

Khalfani has a unique ability to explain concepts in a manner that allow the reader to easily follow her advice and implement the habits and strategies in their own lives. Her background, along with the fact that she has achieved financial success in her own life, makes her a trusted source of information.