Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required

“Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required” by Kristy Shen and Bryce Leung is a finance book that offers a refreshing perspective on wealth accumulation and retirement. It combines memoir with financial advice, charting Shen’s journey from living in poverty in China to becoming a self-made millionaire and retiring in her early thirties.

1. Structure & Style:

The book weaves Kristy’s personal story with structured financial advice and strategies, aiming to create a narrative that is both inspiring and instructive. It is detailed, engaging, and user-friendly, providing actionable steps for readers at different stages of their financial journey.

2. Core Principles:

  • Frugality and Saving: The book emphasizes the importance of living below one’s means, saving diligently, and avoiding debt.
  • Investing Wisely: The authors advocate for intelligent investing, focusing on low-cost index funds, to grow wealth over time.
  • Financial Independence: The overarching goal presented in the book is achieving financial independence, allowing for early retirement and a life unencumbered by financial constraints.

3. Themes:

a) Financial Empowerment:

The book is centered around the idea of using financial knowledge and discipline as tools for empowerment, providing freedom and options in life.

b) Life Optimization:

It discusses optimizing one’s life for happiness and fulfillment, rather than for wealth, and using money as a tool to support this.

c) Geo-Arbitrage:

The authors introduce the concept of geo-arbitrage, leveraging the cost-of-living differences between various countries to maximize one’s standard of living in retirement.

4. Impact & Relevance:

“Quit Like a Millionaire” has resonated with many readers due to its practical advice and the inspiring personal story it presents. Its relevance is pronounced in a time where discussions around financial independence and early retirement are prevalent, and many are seeking alternative lifestyles and a break from the conventional 9-to-5 routine.

5. Practical Advice:

  • Educate Yourself Financially: The importance of financial education and literacy is highlighted as a foundational step.
  • Prioritize Happiness: The book encourages focusing on happiness and life satisfaction rather than material wealth and societal expectations.
  • Explore Alternative Lifestyles: The authors encourage exploring alternative lifestyles and locations to maximize happiness and financial well-being.

6. Critiques:

While the book is generally well-received, some critics argue that the path laid out by Shen and Leung may not be universally applicable or attainable due to varying income levels, life circumstances, and responsibilities. Others have noted that the idea of early retirement might not appeal to everyone, especially those who derive satisfaction and purpose from their careers.


“Quit Like a Millionaire” by Kristy Shen and Bryce Leung is a compelling read, blending motivational personal narrative with insightful financial advice. It stands as a testament to the possibilities of financial independence and offers a roadmap to achieving a fulfilling life free from financial stress. While the approach and lifestyle choices may not align with everyone’s preferences or circumstances, the core principles of financial literacy, disciplined saving, and intentional living are universally valuable.

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