The SmallIvy Book of Investing, Book 1: Investing to Grow Wealthy
In case you haven’t gotten the opportunity to read The SmallIvy Book of Investing, Book 1, the electronic version is on sale now for $1.99, it will then go up to $2.99 on the 5th, and stay there through the 9th, when it will return to its normal price of $4.99. When I wrote this book, I wanted to create more than just a book on stocks or personal finance. I wanted to provide the blueprint for how someone with a normal job and a normal life could reach financial independence within their lifetime. A critical element for doing this, assuming you don’t start your own company or get a job with a million dollar salary, is to use assets such as common stocks to magnify the effort that you put in at your job. If you work hard and save all of your life, you might be able to pile up a quarter million dollars before you retire, which will be worth maybe $150,000 at that point due to inflation. On-the-other-hand, if you put money into investments religiously throughout your career, you can easily amass $10M or more and have protection from inflation.
The book starts out describing why assets are important and the types of assets you need during different stages of your life. It then goes into all of the different types of assets you should know as a small investor and the risks involved with each. You then reach the main part of the book, where it shows what you need to be doing at each stage of your life to build wealth and financial security, including how to develop a cash flow plan. It gives you the information you need to put yourself on the path towards financial independence that you can start implementing today. This includes how to make good financial decisions and avoid the bad ones that most people — people who stay in debt and stay dependent on a J.O.B. all of their lives — make. It then finishes with the strategy I call serious investing and some information on mutual funds.
If you’ve been reading the blog for a while, you should really enjoy the book. It would be great for child heading off to college, or maybe graduating college and starting a first job. It can also be used by someone whose been working for a while who would like to learn how to better handle money and invest. You can find the book on Amazon by clicking on the image of the book above. Please check it out and let me know what you think.
Best wishes,
SI
Disclaimer: This blog is not meant to give financial planning advice, it gives information on investment strategies, stock picking, and other matters relevant to the investor. It is not a solicitation to buy or sell stocks or any security. Financial planning advice should be sought from a certified financial planner, which the author is not. All investments involve risk and the reader as urged to consider risks carefully and seek the advice of experts if needed before investing.
