I recently summarized my humble investing experience and learnings into two books:
“$5 Million in 8 Years: Real Estate Investing on the Side”, published on Amazon in 2020.
“The Intelligent Small Investor: Ordinary People Become Millionaires”, published on Amazon in 2021.
Some people are curious and have asked how much money I have made from the books.
As of today (4/9/2021), I have received a total of about $700 from book sales.
Amazon keeps most of the money because they have to pay for printing, platform and personnel. I get paid about $3 for each sold copy. This means that my books have sold a little more than 200 copies.
Therefore, if the author is thinking to make a lot of money from the books, he or she will be disappointed. Authors seem to be like musicians and basketball players; only a few big names make a lot of money. The majority of them do not make much money at all. Famous people sell millions of copies. Ordinary people like me are unknown and do not have the name recognition.
If you spend 700 hours in writing and make only $700, that is only $1/hour, much less than the minimum wage.
So, why write the books?
Some readers of my books have said:
“Very inspiring life-changing book.”
“I wish I had read this book years ago.”
“This book is among the best that I have read.”
“This has been by far the best one that I have read.”
“受益匪浅”.
“相见恨晚”.
If my purpose is to make money from the books, it will be very disappointing. I make much more money in investing. However, if my books can help 200 families make millions of dollars and achieve financial freedom, then it is worth it.
By David Meng, author of book “The Intelligent Small Investor”
Yes you are right. My wife and I increased our net worth by about $1.5 million in year 2020 (This is described in my poste "A Small Summary for 2020". $1500000/365 = $4109/day. About $4000 each day. So the book sale of a total of $700 really is negligle. However, making a small and humble contribution to help 200 families to make millions and reach financial freedom, that is precious. Encouraging people and inspiring them to pull the trigger and invest and level the playing field for them and their families, that is meaningful. Thanks. Best regards
Writing Books to Make Money?
I recently summarized my humble investing experience and learnings into two books:
“$5 Million in 8 Years: Real Estate Investing on the Side”, published on Amazon in 2020.
“The Intelligent Small Investor: Ordinary People Become Millionaires”, published on Amazon in 2021.
Some people are curious and have asked how much money I have made from the books.
As of today (4/9/2021), I have received a total of about $700 from book sales.
Amazon keeps most of the money because they have to pay for printing, platform and personnel. I get paid about $3 for each sold copy. This means that my books have sold a little more than 200 copies.
Therefore, if the author is thinking to make a lot of money from the books, he or she will be disappointed. Authors seem to be like musicians and basketball players; only a few big names make a lot of money. The majority of them do not make much money at all. Famous people sell millions of copies. Ordinary people like me are unknown and do not have the name recognition.
If you spend 700 hours in writing and make only $700, that is only $1/hour, much less than the minimum wage.
So, why write the books?
Some readers of my books have said:
“Very inspiring life-changing book.”
“I wish I had read this book years ago.”
“This book is among the best that I have read.”
“This has been by far the best one that I have read.”
“受益匪浅”.
“相见恨晚”.
If my purpose is to make money from the books, it will be very disappointing. I make much more money in investing. However, if my books can help 200 families make millions of dollars and achieve financial freedom, then it is worth it.
By David Meng, author of book “The Intelligent Small Investor”
能创造和留下些有意义的东西，借以帮助和影响他人。也有人选择像老朽前辈一样的不断在坦里分享和解答的，两者都不是以钱驱动的，在此一一谢过！
Yes you are right. My wife and I increased our net worth by about $1.5 million in year 2020 (This is described in my poste "A Small Summary for 2020". $1500000/365 = $4109/day. About $4000 each day. So the book sale of a total of $700 really is negligle. However, making a small and humble contribution to help 200 families to make millions and reach financial freedom, that is precious. Encouraging people and inspiring them to pull the trigger and invest and level the playing field for them and their families, that is meaningful. Thanks. Best regards
我们基本做了同样的事（除了我没写书，哈哈）
写得很好. 学了很多. 要有中文版就好了.
me know. Please take a couple of minutes to type in your feedback at Amazon by clicking on "Write a review". Good luck to you.