Book Review: The New Coffeehouse Investor

This little how-to-invest book, The New Coffeehouse Investor, which elegantly summarizes our common worries about how to build wealth, was initially published 11 years ago. This updated, revised, and revamped edition stands the test of time—and of updating. Seattle-based Schultheis states his three principles of investing—allocate assets, approximate stock-market average, and save—then proceeds to expand and expound with personal stories and provocative questions. When is enough enough? What’s behind this Wall Street obsession to beat the market? Why do we need to lead a penny-pinching life today for a high retirement style tomorrow? Forget the complicated formulas, the diversity of spreadsheets. Concentrate instead, he advises, on understanding your burn rate, the meaning of diversification, and the value of being on financial autopilot. Like his peers (Suze Orman et al.), the author exposes two myths: “no load” mutual funds and “great companies make great investments.” All in all, solid and comfortable investment counsel that will help balance (and, eventually, grow) your balance sheet. Appended: partial list of index funds; notes; additional reading


"The New Coffeehouse Investor" Book Details:

• Hardcover: 224 pages
• Publisher: Portfolio Hardcover (April 16, 2009)
• Language: English
• ISBN-10: 159184245X
• ISBN-13: 978-1591842453
• Product Dimensions: 8.6 x 5.8 x 0.9 inches
• Shipping Weight: 12.5 ounces

Most managed mutual funds do not consistently even beat the market and rather than trying to do the impossible (selecting which managed mutual fund will beat the market this year), the intelligent investor will invest in a low cost broad based index mutual fund and do much better than the non-index investor.

You can read "The New Coffeehouse Investor" in an hour or two, but it will take a lot of determination to ignore the Wall Street noise that shouts that there exist investment gurus who can consistently beat the market.

A visit to "The New Coffeehouse Investor" book's web site reveals how successful a good asset allocation has been the last 5 years. A good asset allocation helps weather the storms we occasionally see in the U.S. stock market......like 3 down years in a row in 2000-2002. The example portfolio in this web site includes a 10% allocation to the real estate area using a Vanguard REIT.

This book has a lot of style and is a very enjoyable read. The material is presented in understandable form.

All-in-all, a great primer on successful investing strategies.

You can buy this book at Amazon: The New Coffeehouse Investor

The Finish Rich Dictionary: Book Review

David Bach is the best-selling author of the eight books in the Finish Rich series as well as Fight for Your Money and The Automatic Millionaire. In the latest book in the Finish Rich series, The Finish Rich Dictionary, Bach defines 1001 essential financial terms and provides 10 helpful essays with topics ranging from understanding a credit score to planning for retirement. Below we have excerpted five of Bach’s ten most interesting money mistakes people make.

The Finish Rich Dictionary defines and demystifies the language of finance, giving readers the power to understand their finances, manage their money more effectively, and plan for their future.

Make sure your goals are based on your values. By identifying your top five values, you can then base your goals on them. The more you base your goals on your values, the more likely it is that you will achieve them. After all, can you think of anything better or more exciting around which to plan your spending and investing than the things that really matter to you? And what could matter more than the values by which you and your partner want to live and grow? Ideally, each of these top five values should lead you to a specific key goal. You’ll write down a value and then, right next to it, a related goal on which you want to focus your time and energy.

Make your goals specific, detailed, and with a finish line. Wanting something and getting it are two different things. In order to achieve a goal, you must know precisely what it is that you’re after. In other words, you need to take those vague ideas and thoughts you have about what sort of life you’d like and make them specific. Your goal could be to buy a dream house by a lake. Or it could be getting your credit card bills paid off over the next 12 months, going to Hawaii on a dream vacation sometime in the next two years, or cleaning out the house from top to bottom in the next three months.

Put your top five goals in writing. Study after study has shown that writing down your goals makes it much more likely that you’ll achieve them. Writing down goals does something to you subconsciously that often brings the goal to you. For one thing, writing down your goals helps you make them more specific. For another, it makes your goals seem more real to you.

Start taking action toward your goals within 48 hours. If you don’t get moving immediately toward your goal, even if only in a small way, chances are you’ll never get moving at all. Even if it will take years to achieve a particular goal, there are still things you can do to start moving toward that goal right away. And you can do it within the next 48 hours. By taking this sort of specific, immediate action, your goal becomes even more real to you and, thus, even more exciting.

Enlist help. There’s no such thing as a “self-made” person. No one ever reaches a really important goal without some sort of help from some other person. It’s important to share your dreams and goals with the people you love and trust, but it also doesn’t hurt to share them with strangers, too. You never know—the person you’re sitting next to at a dinner party or a lecture may be in the perfect position to help you make your dream a reality. If you keep your goals to yourself, you could miss your big chance.

Get a rough idea of how much it will cost to achieve your goals. You need to get a sense of what it will take in dollars and cents to achieve your various goals. This will enable you to do two things: (1) understand how realistic (or unrealistic) your goals may be, and (2) get yourself started on a systematic savings and investment plan to accumulate the money you’ll need to achieve them. Some goals will take almost no time to save for, and some goals may take a lot of time and investing to reach. Since it’s important to know which is which, part of creating a Purpose-Focused Financial Plan involves estimating how much money you think you will ultimately need to pay for your top five goals. So ask yourself, What is this goal going to cost? How much do I need to start putting aside each week or month to help me get there?

If you live with a partner, make sure your goals match both your values. What’s the point of being with someone if you don’t share your most intimate dreams and thoughts with them? If you’ve got kids, share your dreams with them, too. Ask them what they’d like to see the family doing over the next three years. Ask them about their values, and then work together on a family list of five things that you all want to accomplish together

Buy "The Finish Rich Dictionary"



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Book Review: Put Your Money Where Your Heart Is

Put Your Money Where Your Heart Is offers a sensible, easy-to-follow yet powerful set of investing strategies for the would-be investor -- from the complete novice to those with experience. Natalie Pace urges the reader to begin with an area of investing that they care about or know about, learning how to get rich by putting their money where their passions lie. Her method is based on a three-part investment recipe and a six-step "Buy My Own Island Plan," all presented in an informative and engaging style.




In 2000, Natalie was a single mother about to lose her home because she couldn't afford to pay her property taxes. She never dreamed during those desperate hours that in two short years she would begin adding a splash of green to Wall Street, transforming lives on Main Street, and making outstanding returns for the men and women who were smart enough to put her theories into practice.

Natalie maneuvered her way out of poverty and up above the ranks of Harvard-educated MBAs to become the #1 ranked stock picker on Wall Street. She shows us, through anecdotes and carefully outlined investing strategies, that making the transformation to a life of financial freedom and happiness is easier than one might think. Put Your Money Where Your Heart Is isn't just another personal finance book. Natalie's personal story as well as her credibility and expertise in the area of wealth building will inspire and delight you, revealing her secrets to lifetime success and prosperity.

Put Your Money Where Your Heart Is
Investment Strategies for Lifetime Wealth
By Natalie Pace
Published by Vanguard Press
December 2008;$24.95US/$26.95CAN; 978-159315-491-2

Description
• Discover How to Turn Passion into Profit
• Master Natalie’s Three-Part Investment Recipe
• Develop Your Perfect Six-Step "Buy My Own Island Plan"
• Learn the Magic of Stock Report Cards

Author Bio
In 2006, Natalie Pace was the host of her own series of CEO Q&As on the Forbes.com Video Network. She has been named the #1 stock picker in the United States from TipsTraders.com. Natalie
publishes articles and interviews on business leaders, CEOs, policymakers and government officials for NataliePace.com and other media and is a regular guest on national media, specializing in business, finance and investing. Repeat guest appearances include: Fox News, Forbes on Fox, Your World with Neil Cavuto, Cavuto on Business, Good Morning America, Time magazine, More magazine, USA Today, NPR, Kiplinger's Personal Finance, KNX radio, BizRadio, Forbes.com Video Network, Sohu.com and other global financial news media.

Natalie graduated summa cum laude from the University of Southern California with a degree in English literature. She currently lives in Santa Monica, California. Visit Natalie Pace at www.nataliepace.com

You can buy the Book at Amazon.

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Book Review: Rich Brother, Rich Sister

Book Description

Two lives, together, then apart, then together again, as a brother and a sister discover the riches of life. Rich Brother, Rich Sister combines the inspirational true life stories of Robert Kiyosaki and his sister Emi into one book that will reaffirm your belief in the power of purpose, the importance of action, and the ability to overcome all obstacles in a quest for wealth, both financial and spiritual.



In 1962, the United States detonated a nuclear bomb ten miles off the coast of Christmas Island in the South Pacific. From that moment two people, born of the same parents, and with the same childhood experiences, found themselves on different life journeys to find truth, happiness, purpose, and ultimately financial success. Robert became a world-famous entrepreneur, author, and teacher of all things financial, and Emi a highly devout Buddhist nun, author, and teacher of all things spiritual.


This book will inspire you along your own life’s journey to find your own truth and purpose, your own path to prosperity—both financial and spiritual—all the riches of life that were meant for you...and us all.
* Hardcover: 256 pages * Publisher: Vanguard Press (January 5, 2009) * Language: English * ISBN-10: 1593154933

* ISBN-13: 978-1593154936

About the AuthorBorn and raised in Hawaii, Robert Kiyosaki is a fourth-generation Japanese-American. After graduating from college in New York, Robert joined the Marine Corps and served in Vietnam as an officer and helicopter gunship pilot. Following the war, Robert went to work in sales for Xerox Corporation and, in 1977, started a company that brought the first nylon and Velcro “surfer” wallets to market. He founded an international education company in 1985 that taught business and investing to tens of thousands of students throughout the world. In 1994 Robert sold his business and, through his investments, was able to retire at the age of forty-seven. During his short-lived retirement he wrote Rich Dad, Poor Dad, and co-authored Why We Want You to Be Rich with Donald Trump. He also writes a bi-weekly column, “Why the Rich Are Getting Richer” for Yahoo! Finance, and a monthly column, “Rich Returns” for Entrepreneur magazine.

Barbara Emi Kiyosaki is Robert’s sister. They grew up together in Hawaii with their parents Ralph and Marjorie and two other siblings, Jon and Beth. While Robert took the path of war during the Vietnam era, Emi took the path of peace, exploring alternative and spiritual journeys. Their paths crossed only intermittently after growing up together: Robert left for the United States Merchant Marine Academy, and a year later Emi left for the University of Hawaii. They took what appear to be entirely different paths. Emi raised one daughter, Erika; wanting to deepen her studies and practice in Tibetan Buddhism, Emi became a Buddhist nun when Erika was sixteen. Emi was ordained by His Holiness the Dalai Lama in 1985 and today is known more by her ordination name, Bhikshuni Tenzin Kacho. For six years, Tenzin was the Buddhist Chaplain at the United States Air Force Academy. She has a master’s of art degree in Indo-Tibetan Buddhism and Tibetan Language from Naropa University. She is the Assistant Spiritual Director and teacher at Thubten Dhargye Ling Buddhist Center in Long Beach, California, and visiting teacher at Thubten Shedrup Ling in Colorado Springs. She occasionally resides at Geden Choling Nunnery in northern India.

Here is an excerpt from the book:

When we were married, Kim and I co-created selfish and unselfish goals. We set four financial goals, and those goals became the four stepping-stones to guide us through the stream of life:

• The first stepping-stone was to build a business that served as many people as possible. We wanted to serve people regardless of their wealth (or lack of it), race, or religion.

• The second stepping-stone was to invest our money to be of service. The majority of our investment money is in apartment houses. We provide safe, well-managed, affordable housing to thousands of people.

• The third stepping-stone of our finances was to tithe, or give money back. Even when we had very little money, we donated to charitable causes that spoke to our hearts. We do not give money directly to people in need. Instead we give money to responsible organizations that have a proven track record of sound money management.

• The fourth stepping-stone was our personal standard of living. Even though we had nothing when we were married, we still wanted to live financially free, at a rich and wealthy standard of living.

All four goals required hard work, miles of travel, a lot of study, and often a good bit of disappointment. From the generalized principle of precession, which is the ripple effect, came the gift of true happiness in our lives.

You can buy the book from Amazon

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Book Giveaway: Work The System

About the Author

A telecommunications professional, Sam has been a business owner for over 20 years and is the author of the book Work the System: The Simple Mechanics of Making More and Working Less, published by North Sister Publishing, Inc. in April 2008. Originally from upstate New York, Sam lives in Oregon with his wife, Linda. He is majority owner and president of Centratel, the highest-quality telephone answering service in the United States. He also founded and operates Kashmir Family Aid, an international charitable organization to aid earthquake victims in Pakistan and Azad Kashmir. He and Linda are also in the process of launching a major Internet startup site.



About the Book

For small business owners, corporate ladder-climbers, and nine-to-fivers, this is a boots-on-the-ground blueprint for breaking free. There’s nothing mystical here; no feel-good, unsupportable theories of reality that offer little more than immediate comfort. The Work the System method provides simple and dispassionate direction for finding freedom and wealth in the world you now inhabit. It's a roadmap to success you never imagined.

What you learn from this book

Crisis is sometimes a gift. I learned this lesson the hard way eight years ago. After nearly two decades of merciless pressure in my business and personal life, I was a financial, physical, and emotional wreck.

But in an unexpected moment of insight, the clutter, complexity, and unpredictability of my life dissolved. It was a simple thing, really, but my perception of life was altered permanently. For once, I saw with clarity.

I applied this new vision, this new way of thinking, to my near-bankrupt business, to my waste of a physical body, and to my chaotic, lonely personal life. The mechanics of it were simple: One at a time, I isolated problematic systems from the complexity of sights, sounds, and events that composed my business, my body, and my personal relationships. Then I removed those isolated systems for inspection, repaired them, and reinserted them into the mix.

It took time and work but the results have been dramatic. Former 100-hour workweeks are now two-hour workweeks. My income is ten times as much as before. My physical health is robust, and I met and married the woman of my dreams.

Work the System describes the simple mechanics of repairing systems one by one in order to produce an extra-ordinarily efficient business, body, or relationship. With no esoteric theories, mystical suppositions or new-age/trendy presumptions, the principles are clear and understandable. It’s simple mechanics.

Want a Free Copy?

• Simply leave a comment and you’ll automatically be entered in the draw for a free copy.
• Please only 1 comment entry / person (please enter a valid email address).
• Only those with a North American mailing address may enter (publisher rules)

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Le Deal

Le Deal is about how a Young American, in Business, in Love, and in Over His Head, kick-started a multi billion Dollar Industry in Europe.
I was totally engrossed in reading this one and didn't feel like keeping it down even for a minute.

Le Deal is an adventure story involving raw entrepreneurship, high-level politics, and a young American family in foreign lands. It is the true story of Byrne Murphy, a businessman who abruptly moves to Paris with his wife and baby daughter in a quest to reignite his career and his fortunes. He quickly finds himself up against strange and powerful forces for which he is ill prepared.



Just days after landing in France, Byrne reads that the newly installed prime minister has declared a moratorium on all new retail development, apparently snuffing out Byrne’s proposed new venture---discount fashion malls---before it’s even started. He and his company will engage in a mano a mano struggle with the prime minister (which reaches all the way to France’s Supreme Court); encounter a ruthless political ambush in Germany by the soon-to-be chancellor, Gerhard Schroeder; and face a threatening (“Is this the Mafia?”) would-be partner in Italy. Counterbalanced against these are a series of mostly charming encounters with nearly all members of the British Royal Family, capped off by a tour with Her Royal Majesty, Queen Elizabeth II, which nearly ended in a royal embarrassment of epic proportions.

Byrne and his wife, Pamela, experience the joys and risks of living and growing their family in foreign lands. From proposals for dalliances to a harrowing experience with a local and dangerous disease during pregnancy, they are reminded time and again that surprises can be ever present in foreign cultures.

Over eight years the company (McArthurGlen Europe) grew from nothing to generating approximately a billion dollars in sales from 11 centers across Europe. Those efforts created nearly 8,000 jobs, opened 1,500 stores featuring 500 brands, attracted nearly 40 million shopping visits per year, and spawned an array of competitors. In short, an industry.

Along the way, the author learns what he, and Americans in general, do and do not know about life beyond our borders. The book ends with a message about the need for twenty-first-century Americans who work in international affairs to truly take “context” into account; to realize, in our quest to accomplish more in less time, that investing the time to understand the nuances of foreign cultures with which one may be working is a key to prospering in this multicultural, polyglot, interconnected, globalized world.

About the Author

J. Byrne Murphy was one of the founders and deputy chief executive of McArthurGlen Europe. He spent eight years in an ultimately successful struggle to implant the concept of designer outlet centers in Europe. Mr. Murphy is an entrepreneur who has started up several European ventures, including the $225 million restoration of a fifteenth-century Medici palazzo in Florence, Italy, and its conversion into a private residence club. He is a cum laude graduate of Harvard College and received his MBA from the Darden School of Business at the University of Virginia. After living in Europe for twelve years, Mr. Murphy now resides in the Washington, D.C., area with his wife, Pamela, and their four daughters.

Product Details

* Hardcover: 304 pages
* Publisher: St. Martin's Press (August 19, 2008)
* Language: English
* ISBN-10: 0312359039
* ISBN-13: 978-0312359034
* Product Dimensions: 9.3 x 6.5 x 1.2 inches
* Shipping Weight: 1 pounds

A very good Read!


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It's Not About the Money: Unlock Your Money Type to Achieve Spiritual and Financial Abundance

About the Author

Brent Kessel was named one of the top 250 financial advisors in the U.S. by Worth magazine and his company, Abacus Wealth Partners, which manages more than $800 million in client assets, was named one of the "top 250 wealth management firms in the U.S." by Bloomberg's Wealth Manager. Dubbed a "Financial Soul Searcher" by Research magazine, Kessel has been featured in Newsweek and Yoga Journal, and has been widely quoted in the Los Angeles Times, Newsweek, Business Week, and the Wall Street Journal. After meeting the Dalai Lama and Mother Teresa as a young man, Kessel began practicing yoga and meditation and skyrocketed to success in a career that uniquely combines spirituality and wealth management.



In the Book

Part One: First we have to understand what is happening inside on an emotional level before we can work on outside circumstances.

Part Two: This part focuses on recognizing and understanding your core money personality.

Part Three: This is the intellectual side of money management. Here is when It's Not About The Money gets into investing, financial planning and using your core story to help you make money.

Part Four: This is the nuts and bolts resource section. Here you will find pages of valuable information which standing alone is worth the price of the book.

Brent Kessel did a great job of marrying the emotional, spiritual and practical aspects of money, financial planning and wealth management. It's Not About The Money is the type of book you'll want to make time to read, study, work the activities and absorb the material on both an emotional and intellectual level.

You may want to revisit the concepts after an initial reading, but that will be efficient because the book is easy to follow. The book is well organized with chapters & sections for various archetypes, so that in the future the reader can just refer to the pertinent sections.

This book might be appealing to perhaps a college freshman with a sudden profound interest in psychology and finance and absolutely no prior experience.

Overall a good read!!

Related Links

• Investing is boring. Well, It should be!
• Try to avoid these Investing Mistakes
• Saving for Kids College Education
• Best Kept secrets of financial planning
• Investing Strategy for building your Nest Egg

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What can a dentist teach me about business, life and success?

If you are like most people, you might be asking yourself, “What can a dentist teach me about business, life and success?” Many think a dentist gets out of dental school, opens his or her practice and goes home rich and happy. The sad reality is this is not at all true. It may have been that way 50 years ago, but today a dentist has the same challenges as any other business owner.

As with any business that is going to succeed, we have to attract and keep customers; know how to market and sell; and provide quality customer service in order to become and stay profitable. Dentists, just like any other business professional, have to follow certain principles to be successful both personally and professionally. Many dentists are successful in business but not in their personal life. Many business professionals are successful in their work; yet often lack balance or a happy life. Therefore, they don't have TOTAL SUCCESS.

The daily challenges for dentists are the competition with other dentists and for discretionary dollars. Dentists also deal with pressure from insurance companies to participate in their plans. As part of an insurance plan, we are required to accept a lower payment for our services and are not paid our normal fee. With a lower reimbursement rate comes the increased stress of having to see more patients per day in order to make the same amount of money. To be insurance independent, we must have a well-run practice.

Unless we follow certain principles and systems in our business it is hard to survive and be as successful as we want to be. Chances are this is the same in your industry.

Business success is part of the equation of Total Success. Success in one’s business comes from having systems in place that will give predictable and consistent results in both your business and personal life. It also comes from understanding the relationship of your Product or Service to your Internal and External Marketing and the relationship of these to your Sales Calls and Presentations. It also comes from understanding the relationship between your personal life and your professional life.

In order to have Total Success, you must have success in your personal and business life. Success is fleeting at best if you have it in only one area but not another. In addition, personal and professional success are a direct result of developing a healthy lifestyle, a strong spiritual foundation and respectful and loving relationships in all areas of your life.

Total Success is a direct result of the choices one makes on a day-to-day basis. It is not living with the belief that one day you will make changes you intuitively know you need to make now. It is recognizing areas of your life that are out of balance and making choices today to move closer to a balanced life. Choices that may not always be easy, yet they are wise and beneficial to living a quality of life filled with abundance, joy and happiness beyond most people’s wildest imaginings.

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How Come That Idiot’s Rich and I’m Not?

When I started reading the book, my first impression was: So here's another book that will tell me that I can buy real estate for "no money down", how I can make 6 figure passive incomes etc. I was right...but Robert is not telling you to give up your day job. All he is saying is that to become a Rich idiot, START NOW! Take action NOW! Accumulate cash, buy a home for your primary residence..then think of buying investment properties. Buy stocks/mutual funds, invest $100 to start but don't wait! . Start a business, it can be part time!
The 4 biggest assets that a Rich idiot accumulates is CASH, REAL ESTATE, STOCKS and BUSINESS!
I can totally relate to that. Most of us have some cash, own a home, buy some stocks, but very few of us really own a business.



I have been thinking about it for a long time and what this book did for me is to give me that final push!
I recommend this book to individuals who need that FINAL PUSH !

Book Description (Amazon)

Bestselling author Robert Shemin reveals for the first time the inner-circle secrets of the mega-wealthy. Have you ever wondered why some people attract wealth while others stay financially trapped and in debt? The key is wealth-friendly, upside-down thinking. Stick with all the old moneymaking rules and stay broke. Break them and get rich. This is the book that shows you how.

We’ve all read about the college kid who made millions on a brainstorm, or the couple who made a fortune in real estate, or the guy in his thirties who waved good-bye to his boss and now lives on his investments. But until now, how they did it—the rules they followed or flouted, the tricks they stumbled on—have remained a mystery.

That’s about to change. Whether you’ve been trying to get rich but haven’t quite made it yet, or just need the confidence to dream big, this is the book for you. As experienced as Shemin is at showing high-net-worth individuals how to get richer, his real love is helping self-described “financial disasters” earn millions. And he uses his own odds-defying story to illustrate the outside-the-box thinking that gets the job done. Here, you’ll learn how to:

• set only one powerful success goal—and make it a big one
• play while your money goes to work
• stop building someone else’s business and start building your own
• live and think like a millionaire while you’re becoming one
• use the power and “smarts” of other Rich Idiots to help you join the Rich Idiot Club
• add OPI (other people’s ideas), OPT (other people’s time), and OPE (other people’s experience) to do less and make more
• tap into timeless secrets that unlock the energy and spiritual power of money

Learn which three assets you must own to become a Rich Idiot and how to obtain them with little or no money of your own. Learn why Rich Idiots outearn almost all the so-called wealth experts and how you can, too. Above all, learn how doing just one thing a day will bring you to your big goal.

In this book, the first to show you what it really takes to achieve financial abundance, Shemin illustrates in a fun, witty way how going against the grain is, in fact, the surest way to gain. Spend just a few pages with Robert and his Rich Idiot friends and you’ll be convinced that “if they could do it, I can do it.”



Related Links

• Investing is boring. Well, It should be!
• Try to avoid these Investing Mistakes
• Saving for Kids College Education
• Best Kept secrets of financial planning
• Investing Strategy for building your Nest Egg

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Investing is boring. Well, It should be!

Investing is boring. Well, It should be !

Thats the message I got after reading Larry Swedroe's "Wise Investing Made Simple". I totally agree with this assessment.

You are not supposed to have fun with a serious thing like investing for your future goals. Also, trying to beat the market is a really futile. All you need to do is have a well diversified portfolio of index funds and leave it.



Author
Larry Swedroe is Principal and Director of Research for Buckingham Asset Management Inc., a Registered Investment Advisor firm in St. Louis, Missouri. He is also Principal of BAM Advisor Services LLC, a service provider to CPA investment advisors across the country. Previously, Larry was Vice-Chairman of Prudential Home Mortgage. He has held positions at Citicorp as Senior Vice-President and Regional Treasurer, responsible for treasury, foreign exchange and
investment banking activities, including risk management strategies. Larry holds an MBA in Finance and Investment from NYU, and a bachelor’s in Finance from Baruch College.

Book Details

• Hardcover: 200 pages
• Publisher: Charter Financial Pub Network (September 1, 2007)
• Language: English
• ISBN-10: 0976657422
• ISBN-13: 978-0976657422
• Product Dimensions: 9.1 x 6.1 x 0.9 inches
• Shipping Weight: 14.4 ounces

In a series of stories that are clear and simple yet profound in their meaning, Larry explains how the financial markets really work and how any investor who comes to understand this will be able to make more informed and better investment decisions, no matter how intelligent he/she is.

As the title suggests, Larry takes complicated concepts, and breaks them down into simple to follow stories. He uses scenarios relating to sports strategies and other ordinary life examples to relate the reader to the given financial concept he is explaining. One of my favorites stories was about how bets are placed on sporting events (points, spread, etc.) and how that compares to many of the market transactions. He weaves thru all these concepts with humor as he endeavors to welcome the reader to what he calls "the winning game." New and experienced investors will enjoy and learn from this book. If you want more depth in any given area, read one of his other books that will tell you more in detail about the broad concepts he presents here.

Also, since this book is written for US readers, Canadians need only make a few minor adjustments to limit foreign exchange exposure and include additional domestic asset classes to end up with comparable portfolios that he recommends.

I would strongly recommend reading this book, if you feel that you are smart enough to beat the stock market by choosing the right stocks at the right time.


You might also like reading this book Do you want to be a Quiet Millionaire ?


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Do you want to be a Quiet Millionaire ?

Its been a while since I read a good Personal Finance book, because I usually get most of my personal finance advice from the Internet. So when I was asked to review, The Quiet Millionaire, I was like, do I really have to read about Personal Finance ?

But I'm glad I did because this book goes way beyond savings accounts, IRAs, 401ks etc. It helps you understand the important financial goals that a normal family has to accomplish and also guides you in the right direction. Imagine my surprise, when, after reading the book, I realized that I did not know how to reduce taxes effectively as well as have any idea about how to start a successful business.

Now, in this book, Brett Wilder stresses a lot on hiring a Fee -Only Financial Adviser, who will guide you in the right direction throughout your financial life, but I don't know if I'm ready for that...Yet.






The Quite Millionaire, is written by Brett Wilder, who is a Certified Financial Planner® with over forty years of professional experience as a personal and business financial adviser. He founded the Financial Management Group, Inc. (FMG) in 1989, a fee-only financial management and investment advisory firm.

According to Brett, the quiet millionaire's life has a purposeful direction, and it is pointed in the direction of a planned, charted course. The quiet millionaire does not live just for today, drifting aimlessly, being consumed by life's daily activities, or mistakenly thinking that tomorrow will take care of itself. Rather, the quiet millionaire does give thought about tomorrow and knowingly commits to funding goals and objectives and to being protected against that stormy day. A financial course is carefully mapped out to assure arrival at specified destinations in life. The quiet millionaire is intelligent and mindful about how to have financial independence and security in order to flow with the happy currents of the life he or she chooses to pursue.

The Quiet Millionaire is a hardcover with 422 pages. The publisher is FMG Publishing, Inc.

The chapters are very well laid out that effectively describe the financial story of a quiet millionaire. See for yourself.

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The Financial Management Review ™

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How to Get Maximum Results from Employer Stock Options and Other Key Employee Compensation Programs

Are You Prepared and Insured to Financially Survive Life's Risks?

Will Costly Health Care Wipe You Out?

Follow the Quiet Millionaire's Path to Successful Business Ownership

College Part I: How to Manage the College Experience Successfully

College Part II: How to Make College Affordable

Retirement Part I: How to Quit Working as a Quiet Millionaire ™ and Not Run out of Money

Retirement Part II: How to Maximize Retirement Assets and Transfer Estate Wealth

After each chapter, Brett gives a very good summary of all the important concepts introduced in that chapter.

And last, but not least, the planning tools used by the Quiet Millionaire are available for download at the Quiet Millionaire website. Please check it out.

I strongly recommend reading this book.




Related Links:
* Saving for Kids College Education
* When did you start taking better care of your Finances
* Investing Strategy for building your Nest Egg
* Financial Planner: Do I need one ?
* 25 Rules to Grow Rich by


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