“Wealth: Is It Worth It?” by S. Truett Cathy
Truett Cathy is one of my favorite entrepreneurs. The founder of Chick-Fil-A has certainly proven that he knows how to make a business work while holding firm to his convictions. His ventures in philanthropy and community service have been likewise successful, and he has established a name for himself as a leader of leaders. When Truett Cathy speaks, people listen!
His latest book is a collection of short stories — you can think of it as Cathy’s version of the Book of Proverbs — is focused around the title’s question. When so many of the ultra-rich have broken lives, is the pursuit of wealth ultimately worth it? As someone who has achieved real wealth without sacrificing his faith or his family, Cathy seems as qualified as anyone to provide some answers. In the book’s introduction, Dave Ramsey calls this “the most important thing he’s ever written.”
I’m not so sure I agree. While I absolutely affirm Cathy’s conclusions, and his advice is both practically and theologically sound, I don’t think this is his best or most important work. While it’s a shorter and easier read than some of his other books, there isn’t a whole lot of new information in this book for those familiar with some of his others. There is a lot of overlap here with, for instance, Eat Mor Chikin, and I thought the earlier book told Cathy’s story better.
That said, if you’re in the mood for a quick book of practical financial wisdom, this one will fit the bill. And for those wondering what Cathy’s answer to the big question is, here is a summary:
Wealth is worth it if:
- You earn it honestly
- You spend wisely
- You save reasonably
- You give generously
- You have not worked for it
- You spend it frivolously
- You don’t bother to save for the future
- You are unwilling to share your wealth
Buy this book here.
P.S. – Thanks to Ben Prine, owner/operator of the Cookeville Chick-Fil-A, for providing a free copy of this book for review!