The Wealth Cure: Putting Money in Its Place

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Typically, when we think about cracking open a book about personal finance, we think “goodness this is going to be a bore!” Or, “heard this before . . . I know save all of my money, stop buying overpriced coffee, get out of debt, blah blah blah.” However, The Wealth Cure by Hill Harper brings a refreshing perspective to the typical hum and drum of personal finance.

the wealth cure

Hill Harper is not a financial expert. Nonetheless, he wrote this book to reduce some of the confusion and anxiety that surrounds the topic of money and financial literacy. Prior to writing The Wealth Cure, Hill Harper was already a New-York Times bestselling author, for his books, The Conversation, Letters to a Young Brother and the follow up, Letters to a Young Sister. However he is most known for his time behind the small and large screen, most notably as his role on CSI:NY.

The Main Idea

Harper sets up the book for the reader to look at tackling wealth the same as you would a disease. Basically, laying out a plan to cure your financial woes as you would cure a disease. He breaks up the book into five sections for each stage of the curing process.

Part One: The Diagnosis  –  Shifting the way we envision wealth is the first step in the cure. Hill Harper takes you through the process of recognizing and identifying your symptoms to get a specific diagnosis for your ailments. He paints a great picture in this section as he connects the dots between a major incident that occurred in his personal life and how it relates to identifying your financial diagnosis.

Part Two: Treatment Options – Now that we have our diagnosis, what are we going to do about it? This section was my favorite section in the entire book. Harper presented some great actionable items and wealth principles.

“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.” – James W. Frick

Part Three: Compliance, Sticking with a Treatment Plan – The hardest part of the process is always sticking with a plan, CONSISTENCY. In this section, Hill Harper lays out various ways that you can implement financial improvements i.e. saving more, cleaning up your credit, investing and how to use credit cards effectively.

Part Four: Maintaining Your Health and Wealth – This is the section that started to veer off course for me. Harper got into the more nuts and bolts of personal finance. However, the delivery was all over the place which took away from the story perspective. He does provides some good pointers on various subjects such as paying for your education, tips for happiness, betting on yourself, etc.

Part Five: Masterminding, Thrive & Survive – He culminates the story by discussing the importance of a mastermind circle for success. Based on the theme of the book, this is a great way to end. Once you have your diagnosis, treatment, maintenance plan then the last step is to form a team to help you succeed. The benefits of masterminds are not expressed enough in popular culture.

To Read or Not to Read?

Am I reading a finance book or just a novel?! The major plus about The Wealth Cure is how Harper manages to tell a story about his life while weaving in personal finance principles and lessons. This writing style allows the book to be an easier read and more enjoyable. If you are just getting starting in learning about financial management, then The Wealth Cure is a must read. However, if you have been around the block a bit and are looking for something more complex than the basic finance principles, then you probably want to pass on this, unless you just like a good story.