Official Review: Bank On Self-Investment

[Harty Muli]

[Following is an official OnlineBookClub.org review of "Bank On Self-Investment" by Michael Dane Lewis.]

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4 out of 4 stars

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Ever since I lost my job to a redundancy some years back, I have pursued a few employment openings to generate an income. The earliest of such opportunities involved sourcing clients for a forex trading company based in an offshore location. When I was on the verge of giving up on the job due to poor incentivization, however, a former work colleague introduced me to a multi-level marketing concept run by a major international travel company. This was the first time I became interested in a coaching program that linked self-discipline to accomplishment. And, at last, I saw the possibility of running a business that generated residual income for life.

In this instance, not unlike Michael Dane Lewis in his book Bank on Self-Investment, individuals (team leaders) who had qualified for various positions of responsibility coached less successful ones on the power of setting goals and developing a positive mindset. Linked to achieving one’s dream goals, Lewis’ version of the power of positive thinking is, even so, more elaborate and colorful, in comparison, principally because he likens self-investment to the way a bank makes its investment decisions. Hence, his book is resplendent with banking terms, such as “investment account,” “dividend,” “overdraft,” and “bankruptcy.”

I liked this book mostly because of the inspiring message Lewis gave in his writing. For starters, my dream goal is to work in a system that generates inheritable residual income, even when I’m asleep. My job at the forex trading company was unattractive not only because such a structure wasn’t in place, but I also felt the job stunted my growth because it lacked training in positive thinking concepts (mindset to success).

Through a process that ends with self-realization, Lewis’ “mindset to success” consists of a hypothetical investment account, which is you or me. In turn, the account has been “credited” with self-awareness, self-esteem, self-confidence, and controlled emotions as components of positive thinking. Importantly, any investment you or I make to the account has to be aligned with our relevant, appealing, and measurable goals, especially long-term ones.

In a candid tone, Lewis goes on to give the reader some pointers toward leading a successful long-term life. He rightly attributes finding meaning in life to identifying one’s purpose in life. In this regard, he helps the reader through this process by instituting three positive-sounding concepts into his book, namely, Depositing Belief, which espouses belief in one’s ability to instigate and lead a successful life; Withdrawing Triumph, wherein some of the short-term benefits of the process start being felt or enjoyed (developmental dividends); and lastly, Self Upgrade in Progress, where the individual starts being transformed through enjoying the proper long-term proceeds of investing in self.

To finish, the book may not be extraordinarily edited, nevertheless, I found it helpful in articulately explaining complex self-improvement ideas. The three errors I came across, on the other hand, consisted of a verb tense error, a misspelled word, and a missing word in sentences. In summary, since the editing errors aren’t enough to mark the book down, I rate it 4 out of 4 stars.

I recommend the book to people who want to pursue a better life than the one they are currently pursuing. This is because this 130-page book helps one focus on discovering his/her life’s purpose (Lewis calls his book a “stimulus check for one’s self”). On the other side of the coin, the banking terms may be a little bit overbearing to someone coming across them for the first time; so, such a reader may find the book less suited to him/her.

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Bank On Self-Investment
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[Leroy2017]

Self realization; finding meaning in life to identifying ones purpose in life. This short read sounds like a nice read. Thanks for recommending it

[Vannaskivt]

This is a great and interesting review. I am very lucky right now to love what I do and not have so much interest in generating passive income from investing. However, I'm going to keep this in the back of my mind as a book that might teach me something new.

[Sonya Nicolaidis]

This book sounds like a great motivator for anyone toying with the idea of furthering their career, but who are not quite sure how to go about it. I really like the idea of investing in oneself first, and then everything else will follow. Thanks for the excellent review.

[LinaJan]

Even though is not my kind of book, I find myself here because I like the term 'self-investment.' Thank you for such a detailed and informative review!

[Devika Rajesh]

I like books on self improvement and how to change our situation from the worst to the best. The thing is that only a slight change in our attitude can make a big difference.

[SamaylaM]

I wouldn't usually read something like this but your review was beautifully detailed. It was an amazing work on this book!

[Diana Lowery]

I got inspired just reading your review of this book. I can only imagine how imspired I will be if I actually read the book. I like the idea of a stimulus check to myself.

[Drianie]

This seems like a must-read for a good dose of motivation and guidance to self-growth. I loved the personal tone of your review. I appreciate the recommendation and will be on the lookout for this one. Thanks!

[Saint Bruno]

This is a very detailed and insightful review. Though this is not my kind of book, I am sure people who like this kind of book will find it beneficial.

[Kibet Hillary]

This sounds extremely resourceful and a nice way to improve oneself. Thanks for adding your anecdotes to add clarity to the purpose of the book. The review is fascinating.

[Raluca_Mihaila]

I liked your detailed and insightful review! Self investment should be introduced in schools.