- Paperback: 148 pages
- Publisher: Trafford Publishing (Jan 8 2009)
- Language: English
- ISBN-10: 1425174930
- ISBN-13: 978-1425174934
- Product Dimensions: 22.9 x 15.2 x 0.8 cm
- Shipping Weight: 227 g
- Amazon Bestsellers Rank: #469,186 in Books (See Top 100 in Books)
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Product Details |
Product Description
Product Description
Do you spend precious time on your personal finances, but just can’t seem to get ahead? Have you ever tried tracking all of your spending, only to find it a time-consuming and pointless exercise? Do you feel you are neglecting your long-term financial goals? This book helps you get a handle on your day-to-day finances and focus with laser-like precision on your long-term financial goals by streamlining and simplifying your financial affairs. It shows you that successfully accumulating a retirement portfolio depends on just two things: your rate of savings and your rate of return.
Boost your rate of savings - optimize your household cash flow: Discover how you spend your money on just four things. Learn how to avoid common pitfalls that sap your rate of savings. Monitor your financial health in just ten minutes.
Enhance your rate of return – focus on what works and ignore the rest: Simplify your investment strategy. Learn about the one decision that essentially predetermines your rate of return. Formulate an investment strategy for all markets: good, bad, and sideways.
Put it all together: Set a realistic retirement income objective, monitor your portfolio, and address your risks. See what a RIO, a TRIP, and a PIP can do for you. The steps you need to streamline and simplify your day-to-day finances, get on track to fulfilling your long-term financial goals, and have more time and energy for more enjoyable pursuits are in this book.
Boost your rate of savings - optimize your household cash flow: Discover how you spend your money on just four things. Learn how to avoid common pitfalls that sap your rate of savings. Monitor your financial health in just ten minutes.
Enhance your rate of return – focus on what works and ignore the rest: Simplify your investment strategy. Learn about the one decision that essentially predetermines your rate of return. Formulate an investment strategy for all markets: good, bad, and sideways.
Put it all together: Set a realistic retirement income objective, monitor your portfolio, and address your risks. See what a RIO, a TRIP, and a PIP can do for you. The steps you need to streamline and simplify your day-to-day finances, get on track to fulfilling your long-term financial goals, and have more time and energy for more enjoyable pursuits are in this book.
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Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com:
5.0 out of 5 stars (1 customer review)
5.0 out of 5 stars
Own It, Read It, Apply It, Dec 20 2009
By Radical Skeptic - Published on Amazon.com
Amazon Verified Purchase(What's this?)
This review is from: You Can't Eat Your Furniture: A Simple Plan for a Well-Fed Retirement (Paperback)
This book has the simplest, but most effective method of tracking finances that I've ever encountered.Chapter Two is excellent. Cash Flow is Everything. And the author boils it down to four categories: Taxes and Payroll Deductions, Debt Service, Savings, and Living Expenses. Account for the first three and you know the fourth.
Also, Chapter Three, Keeping Track (of short-term net worth) is excellent for the self employed and those using CCs and their homes as an ATM machine. Add up all your short term transaction accounts, monthly, or over a longer period of time, and if the balance is headed in a positive direction, you're doing good, and if it's headed in a negative direction, not so good. When you use Credit cards or a line of credit, this technique will show you how fast you're digging the hole.
Back to Chapter one, the key to Financial Freedom (he calls it retirement, but you CAN get there sooner) is boiled down to two variables: Savings and Rate of Return. However, if savings is coming from debt, back to Chapter Three, Keeping Track.
Part One focuses on Savings. Part Two, on Rate of return with a discussion on asset allocation. Part Three is Putting It All Together, a comprehensive example.
This is a thin book and another author could have expanded to over 300 pages, but that would not have added to its usefulness. It would have done the opposite.
The downside of this book is that it looks like it's self published, and has many editing mistakes including the Contents having the wrong page numbers. But I found this kind of neat. The book is written by a Chartered Accountant (CPA in the US) and his expertise is numbers, not writing or editing. The price is higher than most books this size, but, again, I guessing that's because of the low volume run on the printing.
None of these criticisms take away from the content, which is excellent for anyone wanting to achieve Financial Freedom. Read it, understand it, and apply it and you'll find this one of the best books on budgeting (only four categories, after all) Savings and Investing that you're likely to find.
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