All the Math You Need to Get Rich: Thinking with Numbers for Financial Success [Paperback]

Robert L. Hershey (Author)

Book Description

Publication Date: August 31, 2001

All the Math You Need to Get Rich provides readers with all the necessary tools to make informed decisions about their personal finances. Written in a lighthearted style, the book moves step by step through several sample problems that will help readers make their own day-to-day decisions. Subjects cover the full range of concerns: mortgage payments, compound interest, stocks and mutual funds, cash flow, percentages, probabilities, installment plans, rates of return, gambling and risk-taking, and insurance. Organized and indexed for easy reference, this guide explains these difficult concepts so that even the math-phobic reader will be able to understand without a struggle.

Editorial Reviews

Review

"I highly recommend Hershey's book because he uses examples...to walk you through...everything from percentages to compound interest." -- Washington Post,February 10, 2002

About the Author

Robert Hershey, an engineering consultant, writes articles that explain complex mathematical concepts to the layperson. He has worked with Booz Allen, Science Management Corporation, the Department of Defense, and Bell Labs.

Product Details

• Paperback: 224 pages
• Publisher: Open Court (August 31, 2001)
• Language: English
• ISBN-10: 0812694473
• ISBN-13: 978-0812694475
• Product Dimensions: 9 x 6 x 0.5 inches
• Shipping Weight: 8.8 ounces (View shipping rates and policies)
• Average Customer Review: 4.2 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #980,852 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

17 of 17 people found the following review helpful:

4.0 out of 5 stars All The Math You Need To Get Rich - Definitely, October 17, 2001

By 

Ron Rolfe (Washington, DC) - See all my reviews

This review is from: All the Math You Need to Get Rich: Thinking with Numbers for Financial Success (Paperback)

Mr. Hershey's lighthearted tome takes a humorous yet enlightening approach to providing clarification on a subject that frightens many - crunching the numbers. If math was one of the subjects you avoided like the plague in high school, you might think this book isn't for you, and yet, it's the perfect guide for those that might find math a little unsettling. Loaded with clear examples of everyday financial situations, it's easy to track down the answer to questions many people face on a day to day basis. I especially liked the emphasis on the effect of compounding interest and the details on calculating investments in chapter 6 and 7. One word of caution though, if you're a big time gambler, just waiting for your horse to come in, skip chapter 3. In a nutshell, if you want clear advice on understanding investments, percentages, the odds of winning or how you can strategize on long term goals, this book is the place to find it. Even for the weak of heart when it comes to numbers.

13 of 13 people found the following review helpful:

5.0 out of 5 stars Fun With Financial Math, December 11, 2001

By 

"sjaffin" (Silver Spring, Maryland USA) - See all my reviews

This review is from: All the Math You Need to Get Rich: Thinking with Numbers for Financial Success (Paperback)

Here is a handy guide to life's financial problems. It is more than just an inventory as it provides the steps necessary for working with the numbers that underlie the solutions. You aren't a math wiz? No problem. Every example, and there are so very many of them, comes complete with simple words and an easy walkthrough to the solution. They build on each other, much as our real world financial problems are extensions of each other. Question: What is the world's most powerful financial force? Answer: Compound interest, of course. It is easily applied and can be made to work for anyone. The author suggests using a pocket calculator, and for most of the examples it will suffice. The more adventurous reader will want a spreadsheet, as the more involved (and realistic) examples/problems have many parts. A descriptive phrase can then accompany each number, and the rather straightforward formulas can be programmed at the start. All in all this is an excellent primer for the realities of money. The author's humorous touch adds to the book's enjoyment and utility.

4.0 out of 5 stars solid foundation, September 18, 2009

By 

Jesse Jones (Texas) - See all my reviews
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This review is from: All the Math You Need to Get Rich: Thinking with Numbers for Financial Success (Paperback)

If you want to be smarter, specially with your money, this book is a must read.
If you are in buiesness then you need to this book.

the auther starts with simple interest and odds and the such and works his way into annuity and calculating mortage payments. Each chapter esplains an idea and at the end there are probloms for you to work out. Don't know how to work one of the problems? no problem, he works each one out for you, step by step.

almost the whole book uses the compounding tables in the back, but you have to use compounding tables unless you know trigonometry. Or you can get a financial calculator, then you would still need this book so you can learn how to use the formulas on the calculator.

Whether you own a business or a 401k, you NEED to work through this book.
This will give you a great foundation.