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inkerly's review
5.0
4.5 Stars. I can't explain how revolutionary this book was in my way of thinking about investing. I started becoming interested after reading Robert Kiyosakis "Rich Dad, Poor Dad", but as you well know, inspiration isn't enough to tackle your financial goals. You need a plan. After countless articles, podcasts, and webinars on the "right investment tactic" I stumbled upon this book during a Facebook group chat with other budding investors. Turns out investing is incredibly simple, and even more simple than what Wall Street makes it out to be.
This literally a page turner every step of the way. It guides you through the basic rules of thumb of investing through the lessons that dad and financial planner Alan Roth teaches his 8-year old son Kevin. With a clever mix of dad jokes and real-world scenarios, Roth makes it easy for his readers to see why simple second grade arithmetic trumps the "hottest market fad" and why it is much easier, as a beginner, to follow the basics of investing rather than diving into complex securities, like hedge funds and annuities.
This book wasn't heavy on complicated lingo or mundane economic theory, just the plain English that you and I communicate with everyday, and I think that's what's missing from most financial books. As much as I wanted to get into a "The Intelligent Investor" or the "10 days to an MBA" none of this business/economic books were very inviting for someone with absolutely no clue where to put their savings. I have $1000 in savings sitting at a dismal 2% rate in my account, and I hope going forward I'll know how to put my future earnings to good use using this tactic. Thanks for a book that ACTUALLY Breaks it down for you! (And allows you to build your own financial plan)
Note: I actually recommend taking notes on this book, and copying the tables for investment portfolio plans it gives. While reading articles online can also be sufficient, it doesn't offer the 360 view of investing that this book does. Well written.
This literally a page turner every step of the way. It guides you through the basic rules of thumb of investing through the lessons that dad and financial planner Alan Roth teaches his 8-year old son Kevin. With a clever mix of dad jokes and real-world scenarios, Roth makes it easy for his readers to see why simple second grade arithmetic trumps the "hottest market fad" and why it is much easier, as a beginner, to follow the basics of investing rather than diving into complex securities, like hedge funds and annuities.
This book wasn't heavy on complicated lingo or mundane economic theory, just the plain English that you and I communicate with everyday, and I think that's what's missing from most financial books. As much as I wanted to get into a "The Intelligent Investor" or the "10 days to an MBA" none of this business/economic books were very inviting for someone with absolutely no clue where to put their savings. I have $1000 in savings sitting at a dismal 2% rate in my account, and I hope going forward I'll know how to put my future earnings to good use using this tactic. Thanks for a book that ACTUALLY Breaks it down for you! (And allows you to build your own financial plan)
Note: I actually recommend taking notes on this book, and copying the tables for investment portfolio plans it gives. While reading articles online can also be sufficient, it doesn't offer the 360 view of investing that this book does. Well written.
slipperose's review against another edition
informative
medium-paced
3.0
Keep your expenses low, invest in low-cost index funds, don’t try to beat the market, and set it and forget it for long term success. Great advice, but not sure this needed to be a full length book, when the major points could have been explained in a few articles. Would instead recommend Millionaire Teacher by Andrew Hallam, if you’re not sure where to start with investing for retirement.
nadspapa's review against another edition
4.0
Simple math. Keep your expenses low and accept the market average return. You’re probably not going to beat it and you’ll more than likely lose if you try. Oh, and keep your expenses low.
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