A Powerful One-Step Plan to Live and Finish Rich
Ratings22
Average rating3.1
I didn't love it writing wise, I always find these sorts of books a bit patronising but it is good advice. If you don't know about this advice you should read this book, if you do know about this advice you should be doing it.
I learned about this book during an OK interview with the author on Betterment's new podcast. I was curious, and it's a short, super-quick read. Mostly I didn't like it—the style, the attitude, questionable hypotheticals, and questionable advice (overemphasis on 401(k), bonds, and homeownership). It's mostly aimed at personal finance beginners, but I hesitate to recommend it even for beginners because there are better sources of information out there.
It gets two stars because the underlying thesis (automate everything related to saving and spending) is spot on. If you're not automating everything already, maybe this is worth a couple hours. Or skip this and read Nudge and The Willpower Instinct instead.
Written before the great crash of 2008-many institutions mentioned in this book no longer exist.
One of the first books I read in my quest for financial literacy. Good overview. Possibly first mention I came across of Vanguard.
Money Market accounts for emergency funds instead of savings accounts?
Save, save, save, even if it's not much at first.
AUTOMATE your savings.