Independently Wealthy: How to Build Financial Security in the New Economic Era, 2nd Edition
Author: Robert Goodman
List Price: $29.95
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ISBN: 047106128X
Publisher: John Wiley & Sons (12 October, 2001)
Sales Rank: 454,382
Average Customer Rating: 3.33 out of 5
Customer Reviews
Rating: 1 out of 5
Bland/Ineffective; Try Sy Harding's "Riding the Bear"
No specific advice here, very bland and ineffective. Glossy puff piece, nothing here to help the average investor make $$$. Buy Sy Harding's "Riding the Bear" (which predicted the current bear market a year before it happened and helps one understand the market and its history), then, get Charles Caes' excellent "Tools of the Bear" which helps investors make $$$ in both bear and bull markets.
Rating: 4 out of 5
This is a well written introduction to political economy
In terms of investment and financial planning advice, well it is a bunch of useless fluff like most of its peers. However as an introduction to political economy and economic history (which most of the book is devoted to) I think that it is top notch in its concise and direct description of public policy choices, their first principle foundations, how they have played out in the past, and how they might develop in the future.
Rating: 5 out of 5
A great introduction to economics and financial planning
This book is geared to the those with a beginner to intermediate level of financial planning knowledge. It is very thorough, insightfull, and touches on many areas that other basic financial planning works lacked (Such as how lower tax rates will affect muni bond performances, UTMA's & UGMA's, finding the right financial advisor, etc). It is divided into 3 parts: The first is an overview of economics and the economic philosophies that have guided the US market since World War 2. This is very concise and simple without being simplistic.
The next section is an excellent overview of the basic concepts of financial planning and investment vehicles.
Finally, the third part goes into how to apply it to your personal situation and goals. It sums up 10 principles for building wealth.
As I am self-employed, I have several books on financial planning to prepare for the financial future of my family. This is my favorite for the basics. Good companions that deal more with the inner psychological aspects would be "The 9 Steps To Financial Freedom" by Suze Orman, and "The Energy of Money" by Marcia Emory.
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