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The Value of Debt in Building Wealth
Book

The Value of Debt in Building Wealth

Wiley, 2017 more...


Editorial Rating

8

Qualities

  • Applicable
  • Well Structured
  • For Beginners

Recommendation

Ah, the good old days of frugal Ben Franklin and mortgage-burning parties. If you’ve bought into the old-fashioned notion that debt-free is the best way to be, Thomas J. Anderson offers some unusual counsel. In this compelling and contrarian book of financial advice, he walks through the reasons you’d be wiser to fatten your retirement account than to pay down your mortgage. His strategy focuses on the miracle of compounding interest: Redirecting cash to a 401(k) – or to a retirement account, for those not in the US – when you’re 30 or 40 means that money will have decades to grow. Anderson is suggesting a safe and sound way for responsible investors to stretch their nest eggs farther. While never giving investment advice, getAbstract recommends this how-to guide to new investors and savers.

Take-Aways

  • Americans have learned to regard debt with deep suspicion.
  • But people should consider their finances the way companies run their balance sheets.
  • Money you invest at age 30 or 40 can grow substantially by the time you reach retirement age.

About the Author

Thomas J. Anderson, founder and chief executive of Supernova Cos., a financial technology company, is also the author of The Value of Debt and The Value of Debt in Retirement.


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    h. s. 6 years ago
    Interest concept but will credit card debt be liable as good if that was used for business that generate profit more than credit card interest.

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