Podcaster Grant Sabatier drew on his experience to write this entertaining introduction to personal finance. In five years, he went from being broke and unemployed to generating $1 million. He assumes you want to be financially independent and that you don’t know much about how to do it, so he helps you figure out how much capital you need to live on your own terms. Sabatier then details viable options, like developing a side business, or investing in stocks or real estate. Throughout, he offers tips on how to act sensibly and minimize your risk.
About the Author
Grant Sabatier, host of the Financial Freedom podcast, set up MillenialMoney.com, which reaches more than 10 million readers.
Comment on this summary
2 years agoI read the summary again and submit forllowing comments: Actual case studies with; age of earnerning member and income earned/year, his/her dependents and their ages and expenses and future career plans etc, if given shall be more useful and helpful. Though it is subjective but some guidelines may be given by the author based on proven experinces. Some experts say that, asset allocation be 100-current age= so much percentage in stocks, and rest in fixed secured investments ( secured bods , Fixed deposts etc). Author may cover it based on experinces and successes achieved by people following such principle. If author is offering consultation to help one to assess his/her finacialcal needs, the same may be mentioned or author can suggest good consulatns who provide such services. Most peopel are confused on how much is money is enough for them, and hence need advice from experts.
2 years agoThough in general points are ok but many points need more discussions to prove their worth. For example, book says investing in real estate is better. It is questionable. Many successful financial experts believe that stock market is better than real estate over a long term. Also, 25 0r 30 times the annual expenses, to set max limit of one's finacial goal, is debatable. One has to keep in mind, the possibilities of maximum medical expenses based on one's health, insurance available, age, and health conditions, persons dependent on him/her, education expenses of children etc, and this limit needs review from time to time. Asking raise at appraisal is ok, but one's must focus on enhancing his/her capability and professional skills, to earn more. Doing more than being paid for, is the principle that heps one to get higher raise in salary even without asking. This be kept in mind.
2 years agoAll these books talking about 2 things: save money, invest money.
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