About Michael Hung:
Michael Hung is an office worker millionaire, who is passionate about financial literacy. He has been investing since the mid-1990s. He successfully navigated both the Dot-com Bust and the Financial Meltdown with his investments continuing to grow despite economic turbulence. He immigrated to the U.S. when he was 16 and barely spoke any English. After completing his formal education, he started working at a Fortune 100 company before he was laid-off in 2009 during the Great Recession. After four years of unemployment and underemployment, he was back in the rat race. He became a millionaire in the summer of 2014 before he turned 40.
Rat Race Millionaire is his first book sharing his eventful journey to financial security and how he encountered and overcame many major setbacks.
The Rat Race Millionaire Pocket Handbook is a brief, easy-to-read book that captures the basic knowledge essential for anyone who wants to navigate today’s complex financial landscape.
What inspires you to write?
I have always been passionate about financial literacy and want to help others attain financial security. I learned a lot of financial lessons the hard way. I would like to share what I have learned with others, so that they can get there earlier. There are also a lot of people out there who are trying to take advantage of other’s lack of knowledge and sell them questionable advice and products. I am hoping my book can help educate consumers so that they can differentiate between solid products and advice and questionable products and advice. I also want to encourage people. I hope that they can be encouraged that financial security and retirement are not beyond reach.
Tell us about your writing process.
As a non-fiction writer, I create an overall outline consisting of the important information I want to discuss in my book. I work through it, Item by item. I then flesh it out with easily understood examples as much as possible. If there are other items that I think of that I need to clarify, I make note of it so that I don’t interrupt my “flow” but remember to find the best place to put it in later.
What advice would you give other writers?
I would suggest that they go for it! But I also would let them know that writing the book is only part of process. New authors need to expect that there is a lot of competition out there and it can be hard to break into the market. But they shouldn’t get discouraged, they have something special to offer so keep trying!
How did you decide how to publish your books?
I self-published because you get a larger cut of the proceeds. I also felt like I had something to sell, something very different from what is already out there, so I felt confident that I could provide something valuable and helpful to readers, so if I get the word out I can sell a decent amount of books.
What do you think about the future of book publishing?
I think it is both easier and harder to get your book out there. It is very easy to publish your own book, so you don’t have to make it past the tastes of a “gate keeper”. You don’t have to fit into the “mold” they may be looking for. You don’t have to worry about being weeded out if you don’t have what they think will sell. However, it can be very hard on your own to get the work out there about your book.
What genres do you write?: Non-fiction, personal finance, inspirational, memoir.
What formats are your books in?: Both eBook and Print
All information in this post is presented “as is” supplied by the author. We don’t edit, to allow you, the reader, to hear the author in their own voice.