Summary of The Last Safe Investment
Spending Now to Increase Your True Wealth Forever
From THE LAST SAFE INVESTMENT by Michael Ellsberg. Summarized by arrangement with Portfolio a member of Penguin Group (USA) LLC, a Penguin Random House Company
Investing in yourself is the “SAFE” way to achieve financial success.
Traditional financial advice recommends investing in stocks, bonds and real estate. The economics of investment since 2000 poke some holes in that strategy. San Francisco business advisers Bryan Franklin and Michael Ellsberg provide an alternative plan centered on developing yourself as your biggest investment asset. They urge you not to wait until retirement to be happy, because your current happiness substantially influences your prosperity. Franklin and Ellsberg identify major skill areas and explain their value as assets. The authors convincingly argue that taking care of yourself and building yourself up with learning, great relationships and purposeful work generates both material and spiritual well-being. getAbstract recommends their worthwhile if slightly New Agey ideas to businesspeople who seek balance in their lives and want to assemble all the elements that make up a secure future.
In this summary, you will learn
- Why cultivating happiness is an investment in your life,
- How investing in yourself over the long term brings true success, and
- How to develop the skills you need to invest wisely in your inner and outer prosperity.
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