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ski said:
Complete waste of time. It’s a cheeky rant covering everything from SUV driving, $4 latte drinking bobos to joe six pack living paycheck to paycheck. There are no financial rules of thumb or tips on where to find them. There are also no great quotes from the likes of Ben Franklin, Samuel Clemens, or even ’The Donald’. It’s just a rant from another north-easterner who is set for life, and is rubbing it in to the rest of us. ***Try "The random walk guide to investing : ten rules for financial success" by Burton G. Malkiel It’s a very accessible and to the point short version of his thick version..
posted Jun 15, 2006 at 4:03PM
Ted's Review said:
I don't agree that the book is a complete waste of time. This book tries to make people realize that a key to how much you need to save for retirement has a lot to do with what you want to DO in retirement. Therefore, some thought should be put into finding an answer to that question. What the book doesn't do, despite what you may think when you start reading the book, is to help calculate the amount of money you'd need to save before you can retire. (Actually, there is a two-page worksheet toward the end, but that's it.) I think the book is a bit intimidating because the retirement number he quotes people as saying is really, really high (five million dollars, ten million dollars, etc.). I do think the author runs with a pretty well-healed crowd and that makes it hard to identify with some of what he is saying. Also, it's kind of academic, when you are talking about five vs. ten million dollars. It's not so academic for people with retirement accounts at $25,000 at age 50. This is a topic that most people need to think more about. At least this book gets you started thinking about some issues. However, be forewarned: it's not a book about economics and it won't help you figure out your
posted Feb 15, 2007 at 2:42PM
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