5 comments about Rich Dad Poor Dad for Teens: The Secrets About Money--That You Don't Learn in School! (Rich Dad).

1. I really enjoyed Rich Dad, Poor Dad (the original) and since I'm 17, I thought I'd read this book because it might be easier to understand and more applicable to me. It is that and really got me started thinking about my financial future etc... But most of his insight I had already read in Rich Dad, Poor Dad, but if you're a teen or pre-teen this is a good book to read if you want to get ideas on what you can do now to get a head start. The information is a little simplistic and vague, however, and I am now going to start reading Robert Kiyosaki's other books for adults. Most of the stuff he covered in this book I already knew or heard before to some extent, so no new info here, but it is a great read for teens that don't think about financial matters AT ALL, or for kids. If anything, it'll get you thinking. Great book! I recommend using a notebook to take notes during your reading of the book; it really helps!



2. Bought this as a followup for my daughter after letting her read "Rich Dad Poor Dad." She is highly-motivated to save and invest. We try really hard to teach our kids about not getting sucked in to all the "stuff." This gives some good reasons in black and white(that aren't coming from mom and dad) to do so, and how it can really pay off in the future.



3. After reading Rich Dad Poor Dad, I bought this for my 12 year old nephew who is a real "idea man". Before giving it to him, I read it and gave it to my 17 year old nephew to read. It's essentially like re-reading Rich Dad Poor Dad, but it stops periodically to ask questions of the reader, and my 17 year old nephew really thought about what was being asked.
   
   Rich Dad Poor Dad for Teens gets the reader thinking about himself/herself, where they "fit", what special gifts or talents they may have, and what they might need to improve on. Anyone with teenagers knows kids are all about themselves at this age, so this approach really seemed to strike a chord. The kids could relate.
   
   This is an excellent place for kids to start, but keep in mind that after the book has been read through, that's all you've done - start. You've peaked their interest. Without some sort of follow through and guidance, kids probably won't know where to go from here.
   
   If you want to introduce your teens to some of the inspirational ideas in Rich Dad Poor Dad, if you want to get them thinking about who they are, what there strengths are and get them started thinking about money, assets vs liabilities, saving vs investing, etc., this is a great place to start.



4. The "Rich Dad, Poor Dad" series has been enormously popular on the lecture circuit and in book stores. Authors Robert Kiyosaki and Sharon Lechter have distilled a fair amount of useful financial advice using the medium of Kiyosaki's autobiographical remembrances of the lessons his two 'Dads' taught him. In brief, one father (his biological father) is a teacher who stresses education and finding a 'good' job, while his other father (actually the father of his best friend Michael) taught him how to manage money, seize opportunities, and build financial independence. Like many other self help financial books, this series has a good mix of practical advice and a fair amount of platitudes designed to give readers confidence in themselves so they will take some risks in the pursuit of their dreams.
   
   I was expecting a slightly easier to read version of the same message from this book. My wife asked that I skim it to see if it was appropriate for her grandchild. I was pleasantly surprised, however, to find that this book was not just a easier to read version of the original 'Rich Dad, Poor Dad.' Instead, Kiyosaki and Lechter have moved beyond the usual boundaries of the financial self help guide to discuss multiple intelligences and (surprise) the value of education in all its forms. Of course, the best of the advice found in 'Rich Dad, Poor Dad' is repeated here as well. You should buy assets, not liabilities. Debt is a tool for developing assets, not means to purchase the latest gizmo that you absolutely have to have right now. But the authors also talk extensively about Gardner's theory of Multiple Intelligences. They correctly recognize that kids (indeed, all of us) have certain innate intelligences not all of which are developed in a traditional classroom setting. They encourage young people to develop and use their own talents and gifts in pursuit of a financial education. They rightly remind their readers that all of them are born geniuses.
   
   In conclusion I liked this book considerably more than the original volume of the 'Rich Dad, Poor Dad' series. In that volume, Kiyosaki concluded that he learned from both of his Dads, but the Rich Dad gets a far more positive portrayal. The teacher father comes up short in many ways. But in this book, education is correctly seen as one form of wealth. It is not the only form, despite what many of my colleagues in the teaching profession might say. But it is one form. A life with great books and music is also wealth. And so is financial independence. Indeed, without the latter, it is difficult to appreciate the former. And I think the authors give both forms of wealth their due in this book. That is a good message for teens to read.



5. I'm 16 and I've read many books about finance and investing including Rich Dad Poor Dad but this book is just to simple it's just a cut down version from the original book if you want to read a Kiyosaki book just get Rich Dad Poor Dad

5 comments about How to Retire Happy, Wild, and Free: Retirement Wisdom That You Won't Get from Your Financial Advisor.

1. This is an excellent book on retirement...carol stanley author of For Kids 59.99 and Over



2. This book is certainly a new way of viewing life.
   
   I've found that How to Retire Happy, Wild, and Free to be an interesting read.
   
   To start off here is what I liked about the book.
   
   Good parts of this book:
   -He questions conventional retirement wisdom.
   -He lists clever ways about how to lead a fulfilling life.
   -I enjoy the lists he's included in the book.
   -I like his attitude of take action.
   
   Less desirable parts of the book:
   -I would like to see more hard data (more facts and figures) included in this book.



3. Ernie's book, How to Retire, Happy, Wild and Free, was one of the first books I read on retirement planning. Personally, I found it delightful. So maybe books can be doom and gloom, but I loved his view point and attitude.
   
   As a retirement coach I look for optimism, positive attitudes and fun. Ernie provides all of that. If we can't have fun at this point in our lives, then we are in trouble!
   
   I know there are scary things out there, with 'what are you going to do with the rest of your life?' but I think we have choices with our attitude and our beliefs. I think Ernie helps us see another way of looking at our lives.
   
   There need not be any 'gloom and doom' as some folks think. Why do that when there is a much more fun alternative? Ernie's book give us that alternative. Read it.



4. I read the author's first book and now this one. I highly recommend this book.
   it is both practical and thorough.



5. Most retirement books focus on the financial side of this stage in life - how to save and invest properly so that you are not hung out to dry in your golden years. Zelinski focuses on the other aspect of retirement, as important if not more than how much money you have when you last step out of the working world: how you will spend your time and what attitude you will have when you retire. Because of its overarching "live life to the fullest" philosophy, this book has great value to anyone in any stage of life.
   
   Zelinski advices current and potential retirees to plan ahead for this component of retirement - know what you are going to do. To achieve this, he provides a useful planning tool that will help retirees identify dozens of potential ways to spend their time. The key is not be a couch potato, but to engage in activities that keep your body nimble and your mind sharp. Retirement allows you to do pretty much whatever you want when you want to do it - it's a matter of going into it with a plan and staying engaged with life.
   
   Two bones to pick with Mr. Zelinski: one, there is sometimes a lot of repetition of the same points. Two, although the main point is that sitting at home and watching soap operas will only help to speed up your mental and physical decline, there are a lot of people out there who thrive on that as well as "literature" like the National Enquirer. It's what makes them tick, whether we see it as worthless or not. More than likely, however, that particular segment of retirees is not picking up this book for edification.

5 comments about Thou Shall Prosper: Ten Commandments for Making Money.

1. Rabbi Lapin begins by debunking the myths of why Jews are disproportionately successful in business. He then provides a powerful set of principles - the 10 commandments of making money - that can be applied by anyone. What is particularly powerful about the presentation are the spiritual links that Lapin provides from the Torah and the Talmud, as well as a sprinkling of teachings from the Kaballah. After reading this book, you have a strong understanding why business and making money are fundamentally spiritual undertakings. There also interesting and revealing teachings, especially for non-Jews, about the role of Hebrew in the Jewish faith, the meaning of the Star of David, and much more. If you want to grow financially and spiritually, read this book.



2. While this author has some good points and wisdom to share it is a very difficult read because it is horribly wordy. The author seems to go on and on and on about each topic/point. I found it very boring and difficult to read (and I love to read self-help books and have quite a collection of them). I think that the author should have either hired a ghost writer or the editor should have done a better job of cutting the wordiness out of the text. I finally started reading the summaries at the end of the chapters instead of the chapters itself. This had the potential to be a good book if it had been written in an easy read format. It would have been a much shorter book, though.



3. THIS BOOK IS LIFE CHANGING. I THINK THE RABBI HAS HIS THUMB ON THE TRUE WAYS TO GET WEALTH. IT IS A BOOK FOR THE WHOLE MAN AND NOT JUST ABOUT MONEY.



4. The principles discussed in Thou Shall Prosper seem to stem from the wonderful Jewish culture and religion. Growing up as a young couple with a Jewish family it seemed they had understanding f these concepts or Commandments that include: Believe in the Dignity, Morality of Business, Do Not Pursue Perfection, and Know Your Money ect. It is important more then ever as we face these crazy times!
   
   Devin Willis



5. I like this book very much and have even purchased a bound copy to make notes in. I used Audible to download the unabridged audio version of this book and learned on the last disk of the download the final segment of the book was not there. i was told by Audible that the final installment was not released by the author and there was nothing they could do to correct this. With a complete segment missing it's not quite unabridged.

5 comments about How to Get Rich: One of the World's Greatest Entrepreneurs Shares His Secrets.

1. Really enjoyed this book from start to finish! You get the real deal from Felix, good and bad, about the pursuit of wealth. He really makes you think about what you want, and what you're willing to sacrifice to get it. Not a rah-rah self-help book, or a get rich quick book; rather a series of fireside chats from a wise uncle. I really, REALLY wish I had read this book 20 years ago! But it's not too late for any of us! Buy it! You won't be disappointed.



2. 
   I have just finished a very interesting book by Felix Dennis, called "How to get rich". He calls it, and I agree with him, an anti-self help book. It's a book about what its really like to get rich and how to do it.
   
   I don't agree with everything Felix says, especially in my field of work in IT, about how to grow and build a business to make real wealth - mainly the part where he insists you own 100% of your business. In my case this is a practical impossibility unless you are very rich to start out, as you need large amounts of money to build a world class IT business. In order to raise money you usually need to trade equity for capital.
   
   However, in most of the rest of his assertions which are pretty focused on his area of expertise in publishing and mail order I would agree with him.
   
   The core things I learned from this (or he reminded me what I already knew) where that to succeed in any endeavour to an extreme (i.e. to get really rich) you need to be an extremist. You need an internal drive that will never be diminished. Desire is not an option.
   
   In order to actually make it past the point of good or great, to insanely successful you must have the patience and perseverance well beyond a normal person. In being extraordinary you need to insulate yourself from negative people that will try and slow you down. Remember - who you spend time with is who you become!
   
   Great ideas are `ten a penny' - In order to make any money of an idea you need world class execution from a team of talented and focused people.
   
   Keep bringing yourself back to your core goals (yes write them down and visualise them) and remember why you do what you do. If that's making money then kill the dead projects, invest in those that are likely to win big.
   
   Get the best team, motivate them and fire them with your passion then give them the power. When they succeed reward them very well indeed from the profits.
   
   Own as much of the equity, preferably all of it, that you can of your business. I agree to a degree with this if you can build a massive business without giving away equity. If you can't I believe you should use equity and not debt to build your business in the early stages.
   
   Maximise the value of your company by selling near the top, but leaving room for the new owner to grow and build the business further.
   
   Remember we are all `people' in the end, no-one is better than you and nor are you better than anyone else. In the end we are all souls that will die and we cant take any of the wealth or power with us, so fear no one and get rich!
   
   When you are rich, spread it around as you see fit and try not to spend the rest of your life in fear you will lose it.
   
   In summary his 8 secrets are:
   
   *Analyse your need. Desire is insufficient. Compulsion is mandatory.
   *Cut loose from negative influences. Never give in. Stay the course.
   *Ignore `great ideas'. Concentrate on great execution.
   *Focus. Keep your eye on the ball marked `the money is here'
   *Hire talent smarter than you. Delegate. Share the annual pie.
   *Ownership is the real secret. Hold on to every % point you can.
   *Sell before you need too, or when bored. Empty your mind when negotiating.
   *Fear nothing and no-one. Get rich. Remember to give it all away.
   
   Go buy and read his book it's a fun and interesting read not just about his ideas but his life too.



3. There are no 12 step programs or sure-fire systems to guide you here. This is a pure and simple stream of consciousness and recollections from a great Entrepreneur in the business world. If you dislike business books or other great "Get Rich Now" books then this should be the book to read. It presents the simple facts and the difficulties involved in launching any enterprise and even a few tidbits on the legal structures involved. A great read for the week.



4. Felix Dennis is unique in that he does not necessarily fit the any stereotypical mold for a borderline billionaire. He is obviously a great writer in addition to owning a grip of publications. I enjoyed how he related his desires to sing as a musician when he was younger(his story about John Lennon telling him he had no original voice)... etc.
   
   He makes an effort to show an objective unbiased picture of what it takes to get rich, why to get rich, and his own character.
   
   If I had one entrepreneurial/motivational/informative book to read it would probably be this one. It is the first book of its kind to really keep me interested in the material. He almost reminds me of a rich Hunter S. Thompson- who was a rare enough individual in his own right.



5. This book is brutally honest. If you are looking for happiness or friends in money, you're looking in the wrong direction. Any intelligent person can become rich, argues Dennis, but they must be willing to work extremely hard, focus solely on obtaining money and may alienate friends and become paranoid along the way. Dennis uses this book to describe the pros and cons of getting rich as well as point out various tips on running a business (and selling one as well). Ownership of a business or property is key, he stresses throughout the book not surprisingly, and he maintains that no one will get rich working for someone else. Hire and retain people smarter than you, pay them well, enjoy the money you have without obsessing over it like so many wealthy people, and in the end, enjoy giving it away. These few things will save you years of headaches. This is an entertaining book written by a straight shooter than has been in the trenches through think and thin. In fact this book may be enough to make some reconsider any desire they may have had to get rich.

5 comments about Real Estate Investing for Dummies.

1. Real Estate Investing for Dummies is yet another excellent real estate book in the Dummies series. I have "Home Buying for Dummies" and "Property Management for Dummies." Both are highly valued, and frequently utilized, volumes in my investing library.
   
   I have long thought that "Real Estate Investing" by McLean and Eldred was perhaps the top book for beginning real estate investors. But after reading "Real Estate Investing for Dummies," I now think the Dummies is equally as good, although it may not cover quite as much ground. Dummies is excellent in what it presents because it written in a manner that is easily understood, it provides sufficent depth, and it covers the key topics.
   
   I particularly like the chapter on "Due Diligance." The chapter does an outstanding job of describing the components of reviewing books and records, and inspecting a property that you have bid on and have had the bid accepted by the seller. Purchase contracts provide that the sale can be canceled without loss of earnest money if the buyer's physical inspection isn't satisfactory. Following the suggestions in this chapter assure that you won't be surprised with what you get, and gives tips on how to cancel or renogiate the deal, if you need to.
   
   I also like the final chapter, which lays out in plain English the time tested (non-infomercial guru) principals of how to make money in real estate. Buy when market conditions are conducive to buying, when properties are distressed and available as forclosures or on favorable terms with seller financing. Add value to properties. Hold on to properties that offer long-tem stable growth in rental rates. Refinance to tap into investment property equity and to further your real estate investments.
   
   Good solid advice.



2. This book is super if you are considering real estate as an investment. I like it so much, I take it with me virtually everywhere I go! It is a suberb resource and caters to almost everyone in every situation! A great book and will definitely get my use out of it! Delivery was super fast too!



3. Authors Eric Tyson and Robert S. Griswold (the 'S' stands for '$old') do an excellent job of breaking down the often confusing and risky world of real estate. As one of the "common man" I wanted to learn about buying and selling land and hopefully seeing quite a return on my investment. I'm happy to report that this book is a simple entertaining and educational read.
   
   Real estate has always been a fascination for me. When I was 5-years old I remember my father telling me, "Son, stocks may rise and fall, utilities and transportation systems may collapse. People are no damn good, but they will always need land and they'll pay through the nose to get it!"
   
   "Remember," My father said, "...LAND."
   
   Those words still resound with me today. And, after reading Real Estate Investing for Dummies I've slowly been buying land east of the San Andreas Fault, so if indeed the "big one" hits, I'll see quite an increase in my initial investment as I'm sitting on the new west coast.
   
   For people interested in my strategy I'd also like to recommend the book -Predicting Earthquakes: A Scientific and Technical Evaluation - with Implications for Society by The Assembly of Mathematical and Physical Sciences.



4. i'm currently reading this one and it's full of useful info, tips etc. i have hiliter marks of different colors, post it notes all over it and a notebook i keep handy so as i'm reading i can jot down questions or take notes as reminders of rules i need to follow i.e. invest close to home; buy good property in a good location. i'm finding the book very useful since i'm new to real estate.



5. This was all great advise for 2005-2006. Now here we are 2008 and everything is upside-down and the best and safest investments appear to be short-sales and various wholesale flipping stategies for investment. As I read the book I kept being reminded of how a changing market requires a changing approach to investing.

5 comments about Day Trading For Dummies (For Dummies (Business & Personal Finance)).

1. I received this book as a gift and, at first, I was skeptical. I spent 20 years working for investment banks starting as a runner on the floor and retiring as the head of a trading desk. "What," I asked, "does this book have to teach me?"
   
   Ah, beware of hubris! I was pleasantly surprised at what I learned. The book has a good introduction to how to obtain the sorts of information that a real day trader will need, but is best on the emotional. Emotions are almost always overlooked. I've seen lots of bright people rise to a certain point on a trading desk and then just implode because they couldn't handle the stress. And these were people working with other's money. It is even worse when it's your own dough on the line. The guy who practices day trading until he has his system all ready and then blows out a month after going live is very common.
   
   Early in my career I started my own firm. This was before day trading was even technically possible and the firm was in the options pits. I got on the emotional roller coaster: on good days it was "Come on Honey, its steak dinner time!" On bad days I tried to save money by rationing toothpaste. It all ended in tears.
   
   This is all by way of stressing the role emotions play in successfully trading the market. This book discusses strategies actually employed by some of the best traders on Wall Street and the book is worth looking into for that alone.



2. I have a Mensa IQ - have traded equities for 15 years and found this book to be complex and difficult to read. It presumes a lot of things that puts this well outside the title " For Dummies." "Daytrading for Intermediate to Advanced Traders" would be more honest.
   If you are looking for simple understanding of the day trading concept, look elsewhere. If you want an advanced text, this is probably a minimally fair choice.



3. This book has been wonderful for me explaining the very basics of day trading! I would highly reconmend this book to anyone who wants to see what it's all about and how things work. It's obviously not meant to be a detailed book but more of "what this means and what that means". Perfect for dummmies!



4. Should have been "Stock trading for dummies". Absolutely worthless book, if you are looking for specific day trading information. Full of regurgitated information about technical analysis and stock glossary, etc. Try `The Market Maker's Edge' by Josh Lukeman...



5. Very good book, informative, the right level of detail, well written, easy to ready, a good starting book to learn about day trading.

5 comments about What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures.

1. This book goes over many methods to make an informed decision. I would reccomend this to a person that really wants to know different ways to analyze your deals. Very informative.



2. "What Every Real Estate Investor Needs to Know about Cash Flow" is the definitive guide to understanding critical calculations that will help you to determine if a prospective acquisition target is a great deal to buy immediately or a horrible investment to avoid like the plague!
   
   I've owned this book for years but often find myself referencing this wonderful and well-written manual.
   
   Matthew A. Martinez
   Author of "Investing in Apartment Buildings: Create a Reliable Stream of Income and Build Long-Term Wealth" and "2 Years to a Million in Real Estate"
   www.matthewamartinez.com



3. I have recommended to all of my friends to read the following books in order to shortcut the process and learn what they need to know. I told them this is what I would do if I did it over again. (I have my CCIM, Masters of RE from CU, ULI Development Certificate, NAIOP courses) But in all those, this would be most beneficial and starting here would help in short-cutting the process:
   
   1) What Every Real Estate Investor Needs to Know About Cash Flow - Gallinelli
   
   2) Insider Secrets to Financing Your Real Estate Investments: What Every Real Estate Investor Needs to Know About Finding and Financing Your Next Deal - Gallinelli
   
   3) Professional Real Estate Development - 2nd Edition - Peiser
   
   4) Principles of Real Estate Syndication - Friedman
   
   5) Confessions of a Real Estate Entrepreneur - Randel
   
   I have read several other real estate books, but they tend to go way off course. This one tells you practical knowledge shoring up the base/foundation in order to understand more complex issues, but at the end of the day, simplisity will win out.
   
   I think I have probably told at least 10 friends to read these books and they should be part of their "Library" as this will get them where they need to go and understand without practical experience.
   
   I wouldn't recommend it if I didn't think it wasn't great.
   
   I have no relation or affiliation to Frank G, just have read so many books, would like to shortcut the process for other people eager to get there and I love to read other people's reviews on Amazon so I know which ones are useful.
   
   Hope this helps



4. This book is an essential for anyone new, or seasoned, in real estate. You won't find a better summation of how to cast you due dillegence net around any real estate you might want to buy. The style is easy to comprehend, just try reading up on internal rates of return in most of those other books out there! This book is a keeper for doing the numbers in real estate.



5. Why did I not come across this wealth of information before? Anyway, this is an indispensable aid to any RE numbers cruncher, do the maths, due diligence...whatever. When is the latest edition to the other book coming out? Can't wait.

5 comments about Start Late, Finish Rich: A No-Fail Plan for Achieving Financial Freedom at Any Age (Finish Rich Book Series).

1. The shelves are full of books on personal finance and retirement. Many cover a familiar list of sound principles: Save, get out of debt, pay down your mortgage, add to your retirement investments and live fully. However, getAbstract finds that David Bach's books are effective in their own distinctive way because of his emphasis on quality of life and simplicity (like using automatic deductions to meet your fiscal goals). Bach's bestsellers have developed a wide following. If he is your preferred financial guru, you will enjoy this guide to a better fiscal future.



2. This book is easy to read and covers a lot of different topics with ideas that can be put to practical use. I am on my second read and this book has motivated me to up my percentage going in to my 401k. So although there's not too much that I wasn't already aware of after reading this book, I feel that reinforcing principles is a good thing and if a book can motivate me enough to take positive action with my financial situation, then it's a book that is well worth reading!!!



3. Loved the book!!! It had many helpful tips to get you back on track to save for retirement.



4. Bach takes a long time to make a point, and he repeats his points ad nauseam, but the core financial advice [in all of his books] is inarguably practical, easy to understand, and very helpful when applied.



5. Start Late, Finish Rich is a part of the Finish Rich series of financial advice books that David Bach has written. This one seems to mostly be a reprise of "The Automatic Millionaire." Bach has added a section about real estate investing and starting businesses; other then that it is pretty much the same book. Definitely not worth the purchase if you have read "The Automatic Millionaire."
   
   Most of the book is filled with advise that is solid, as far as I can tell, but not original. This would certainly be helpful to people who have no idea how to invest, or what they need to do to prepare for retirement. If you have read anything at all about the topic most of the advise is likely to be familiar.
   
   Part four, the section on how to make more money is of little value, in my opinion. The advise seems to be superficial summaries of what you find in books on similar topics. They are too shallow to give you much to go on. Many of them seem dangerous to me, in that they may encourage people to get into difficult complex businesses with out sufficient preparation. The anecdotes from his friends success do not seem at all applicable to the audience the rest of the book is aimed at.
   
   The book is written in a friendly encouraging tone, and avoids financial jargon.

5 comments about The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich.

1. This is all about automating your way to financial freedom guys. If you are looking where to start and not overwhelm yourself, this is the book for you! Wonderful read! If you're married definitely get the "Smart Couples Finish Rich". Best book for married couples that want control over their finances ever. These books are about real life and not some "guru" shoving mostly useless junk down your throat. Enjoy!



2. Did you know that you don't need a big salary to become a millionaire, and that a carefully organized budget and intense willpower aren't even necessary? All it takes, says David Bach, is a simple one-step plan. Follow it to become an "automatic millionaire." Bach's save-your-pennies book is straightforward and sensible - though it predates the recent economic downturn. It comes complete with helpful tables and charts. He details how someone with an average income can eventually amass wealth through automatic savings. getAbstract finds it hard to argue with his basic, common-sense principles: Save steadily, avoid credit card debt, and so on. But Bach gives little weight to various real-life scenarios that can throw a money wrench into the most sensible savings plans. For example, what happens if you lose your job, get seriously ill or find that your home is depreciating? (In fact, he says U.S. houses double in value over five years. Alas, that's not the case in many places at the moment.) What about folks with erratic incomes who can't make automatic savings payments - the locus classicus of Bach's plan? What if 15% of your paycheck just doesn't add up to enough accrual? That's not to mention that Bach's instruction to invest at a 10% return, which is not an easy score to achieve these days. Do your own math. Despite his occasionally utopian tone, Bach does provide solid information on how to build wealth. You can only benefit from his concrete, logical suggestions on how to get rich, slowly.



3. At first I was a little intimidated to read a book about finances but David Bach explains everything in plain english. There are a lot of things that I already knew I should be doing with my money but David really motivates me and makes me feel like I could really do this. I am truly on my way to being a millionaire! Thanks David Bach!



4. If you're just getting by, then don't even bother with this book. But if you do have some income to spare, its a great way to get your finances in order. There was just something really unrealistic about this book...especially for those of us starting over. Great book for teenagers and young college students who are just starting out.



5. The thesis of "The Automatic Millionaire" is that you should automatically invest a small amount of your income every pay check. Over time this will make you rich. In fact the author claims that if you start early you can retire young as a millionaire. Hence the title. While this is no doubt true, I don't think many people will do it.
   
   I was annoyed the authors repeated self promotion. He referencing his previous books and web site in almost every chapter, several times in some cases. If they were so useful, he should have just included them in this book. His enthusiastic tone gets to be annoying after awhile too. He does also list other useful sites and services.
   
   The advice to save part of your income automatically via direct deposit, or automatic deductions sounds like good advice, and seems achievable. Much of the rest of his advice is old hat. His suggestions about paying off credit card debt were not very interesting.
   
   In summary, short well written solid advice, but you know most of it already.

5 comments about Trade Your Way to Financial Freedom.

1. If you are looking for trading recipies, this is NOT the book for you. This books describes the trading process in an open approach, whithout selling speaches, trading formulas or magical enchaments. It describes the importance of risk management of your trades, and the pshycology and biases that are part of every system. Though general, the offered information serves both from what someone would call academic understanding, and the practical side of trading. The book is not academic though, as you will not see tons of equations, proofs, or algorithms.
   I think it is a must for everone that does not want to jump into trading someone elses formulas, but to understand the mechanics and the psycology of trading. It contains references to other books that will help you understand the trade reciepies.
   So if you want to understand what you are doing, or at least what you are supposed to do and the biases associated to your decisions, buy the book. If you want to trade like a maniatic daredevil who is told what to do by following nonsense schemes, you dont need this book.
   No wonder why some readers were dissapointed. My impression, its the readers fault not to aim to higher goals while buying and reading a trading book.



2. I think this book is over-rated. You can find better information in other books. For example, Alexander Elder's "Trading for a Living: Psychology, Trading Tactics, Money Management," and William O'Neil's "How To Make Money In Stocks: A Winning System in Good Times or Bad, 3rd Edition." Both books are good and easy to read.



3. Essential reading for any budding trader from any planet.
   Find out why trading is exactly 100% psychological.
   If you harbour any other point of view, read this, you must.
   
   Cheers, Yoda.



4. The authors tried to cover many aspect of trading, from technical, fundamental, psychology,... he comes with a lot of information that bring nothing to your trading. He explain very simple thing in a complicate manner, sometime not easy to understand. I think he doesn't know much about trading and all his writing is from the conversation with others (limited) trader. If you are looking to learn about trading and want start to trade it is not a recommendation, you may try to read what Alexander Elder wrote for example. Anyhow, you don't need to buy them, you can download for free the E-Book using P2P such emule...



5. An extremely fun and exciting read when it comes to books on trading. This book more than met my expectations. It will guide you to define your expectations and goals for trading in a very simple, clear and concise manner. This book should be required reading for any and all traders, beginners or advanced alike. It is perfectly outlined with simple steps and guidelines and then summarized at the end of each chapter. Should be read by all so called "trading gurus" as well.