Financial Freedom on $5 a Day [Paperback]

Chuck Chakrapani (Author)

Book Description

ISBN-10: 1551802317 | ISBN-13: 978-1551802312 | Publication Date: July 2002 | Edition: 7

- Develop a simple plan to save money - Start investing with as little as $100 - Build a balanced portfolio

Editorial Reviews

From the Back Cover

If you can save $5 a day, you can achieve financial freedom. Even if you know nothing about investing, this book will help you build a sturdy investment plan starting with as little as $100.

About the Author

Dr Chuck Chakrapani is President of Leger Marketing (Toronto office), the largest independent research company in Canada, and Distinguished Visiting Professor at Ted Rogers School of Management, Ryerson University. He is Chief Knowledge Officer of the Blackstone Group in Chicago, past President of the Professional Marketing Research Society (now Marketing Research and Intelligence Association). A former Editor-in-Chief of the Canadian Journal of Marketing Research, he currently edits Marketing Research, a quarterly publication of the American Marketing Association. He is a member of the Board of Directors of the Marketing Research Institute International of the University of Georgia and is Master Editor for the Principles of Marketing Research Course.

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Product Details

• Paperback: 208 pages
• Publisher: Self-Counsel Press; 7 edition (July 2002)
• Language: English
• ISBN-10: 1551802317
• ISBN-13: 978-1551802312
• Product Dimensions: 8.2 x 5.3 x 0.5 inches
• Shipping Weight: 8.3 ounces

Customer Reviews

Most Helpful Customer Reviews

3 of 3 people found the following review helpful:

5.0 out of 5 stars How to Save and Invest, July 25, 2009

By 

Joseph S. Maresca "Dr. Joseph S. Maresca CPA,... (Bronxville, New York USA) - See all my reviews
(HALL OF FAME REVIEWER)    (TOP 1000 REVIEWER)    (REAL NAME)   

This review is from: Financial Freedom on $5 a Day (Paperback)

Remember the famous equation in Economics-Savings= Investment. This author talks about the dynamics of saving money incrementally to accumulate a small fortune over time.

Start small and take advantage of compounding, cost averaging of shares and diversification. For instance, DRIP investing automatically reinvests dividends into fractional shares which grow over time. (dripinvestor.com)

Buy stocks with a low PE ratio (Price/Earnings) and a high Book Value. Slash personal expenses to maximize funds available for investment purposes. Always preserve capital.

The Investment Company Institute and the Canadian Trust Dividends Inc. (CIBC.div) are excellent investment research sources. Also, look at First CDN Dividend Income and Hong Kong Bank Dividend, Inc. as potential investments.

DRIPS provide huge profit potential over time when dividends are reinvested. examples are Coke, Pepsi, AT & T and others

This book would be a wonderful acquisition for first time investors.

2 of 2 people found the following review helpful:

5.0 out of 5 stars Must read for independent investors!, January 28, 2008

By 

William Fowler (Marietta, GA USA) - See all my reviews
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This review is from: Financial Freedom on $5 a Day (Paperback)

I love this book. It is simple and straightforward. If you would have used this book in the past few years you would have done very well in your investing. Believe me I know. Who was talking about gold five years ago? This guy is the real deal with the pedigree to prove it and he shares his knowledge with the little guy. I picked his book up many years ago in a thrift store and I have been following it ever since. I wish he would print a new edition, I would like to here his opinion on ETFs and diversification.

1 of 3 people found the following review helpful:

5.0 out of 5 stars A BOOST TO YOUR FINANCIAL FAITH, May 25, 2003

By 

B. Keilani "Journeyman" (Morgantown, West Virginia) - See all my reviews
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This review is from: Financial Freedom on $5 a Day (Paperback)

Often we believe we must keep on waiting until we accumulate a large amount of coin before we can invest. However, Chuck dispells that notion and shows you can start with as little as $5 a day (or 150 dollars a month) and he emphasizes small consistent starts. Remember most successful people had to start somewhere, most people didn't inherit their wealth, you must earn it; Chuck shows you the tools. I suggest you read the book more than once, have work book and plan things. Perhaps, you should open a separate bank account so you can put the 150 per month that won't be touched, but make sure you have an emergency fund somewhere so you won't be tempted to dip into that investment fund.