Start Late, Finish Rich: A No-Fail Plan for Achieving Financial Freedom at Any Age (Finish Rich Book Series)

2009

There are a few nuggets here, but read it with a grain of salt. In light of our recent lessons learned in the mortgage markets, much of the advice seems downright irresponsible. For example: p 139 "Is the real estate bubble about to pop? While no one can answer these questions definitely, what we know from history is that there has really never been a national real estate bubble."...more

There are a few nuggets here, but read it with a grain of salt. In light of our recent lessons learned in the mortgage markets, much of the advice seems downright irresponsible. For example: p 139 "Is the real estate bubble about to pop? While no one can answer these questions definitely, what we know from history is that there has really never been a national real estate bubble." hmm... Much of his investing and real estate advice is shaky based on faulty assumptions like that. The book is good for its motivational factor, but please do some additional research before you dive in and follow his advice blindly.   hide

this is a great book for young adult women and men.

Be prepared to read many chapters with a grain or two of salt. All the concepts and approaches that the author advocates are valid and worth considering. However, he seems to not understand or care to convey (assuming he understands) the concepts behind interest rates. His argument for a Traditional IRA over a Roth IRA has a valid psychological basis, but his tax reasons neglect the...more

Be prepared to read many chapters with a grain or two of salt. All the concepts and approaches that the author advocates are valid and worth considering. However, he seems to not understand or care to convey (assuming he understands) the concepts behind interest rates. His argument for a Traditional IRA over a Roth IRA has a valid psychological basis, but his tax reasons neglect the key fact that a Traditional IRA is still taxed, just at a different time. If you are in the target audience for this book (40+ person who is extremely behind in saving, of whom I am not one on either account), then this book is a great motivator and a good starting point. If you are not in that category, look for something more targeted at you. The book was an easy read and it felt very much like sitting at a seminar with him at the front of the room. It's a good book if you need it.   hide