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From Ramen to Riches: Building Wealth in Your 20s: Or Spending, Saving, Investing and Managing Your Money to Get Rich Slowly, but Surely Paperback – October 6, 2010

40 customer reviews

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Editorial Reviews

Review

"From Ramen to Riches: Building Wealth in Your 20s is a guide to ceasing to struggle through the prime of one's life, and improving the management of one's finances... From Ramen to Riches is a must for anyone who is already sick of ramen at 21." -- The Midwest Book Review.

About the Author

The oldest of nine children, award-winning author Jim Wood is a natural coach and mentor. His mission is to share his passion for personal finance by increasing financial literacy, especially for those aged 18 to 30 who can most benefit from this knowledge. Wood has appeared on numerous local and national media programs, including PBS televisions's "The Nightly Business Report." Jim retired from his corporate job at age 47 after 25 years in high tech. He held positions as a software engineer, information technology manager, and business strategy manager. He earned a B.A. in Psychology with Distinction from Boston University. He also holds an M.S. in Engineering Management from Stanford University. Jim lives in San Diego, California with his wife and son.

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Product Details

  • Paperback: 208 pages
  • Publisher: The Tannywood Group, Inc. (October 6, 2010)
  • Language: English
  • ISBN-10: 0982825102
  • ISBN-13: 978-0982825105
  • Product Dimensions: 6 x 0.5 x 9 inches
  • Shipping Weight: 13.3 ounces (View shipping rates and policies)
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (40 customer reviews)
  • Amazon Best Sellers Rank: #422,188 in Books (See Top 100 in Books)

More About the Author

The oldest of nine children, Jim Wood is a natural coach and mentor. He is a 25-year veteran of the high-tech industry, having held software engineering, information technology management, and business strategy management positions. His first book, "From Ramen to Riches: Building Wealth in Your 20s," is a popular guide for 20-somethings who are looking to get a grip on managing their money. Wood has appeared on numerous local and national media programs, including PBS television's "The Nightly Business Report." He is a summa cum laude graduate of Boston University and also holds a master's degree in Engineering Management from Stanford University.

Customer Reviews

Most Helpful Customer Reviews

26 of 29 people found the following review helpful By Robert Strauss on November 3, 2010
Format: Paperback
As someone who ate a lot of ramen in his 20s and 30s (while reading lots of money management and personal finance books and not applying what they suggested), I can say from personal experience that Jim Wood's book captures and effectively conveys what young people need to know about building wealth.

Wood combines solid, time-tested advice with an engaging style and personal anecdotes in an easy-to-read book. With the US economy stuck in the doldrums, the sooner anyone applies Wood's suggestions the better. Particularly useful are Wood's many ideas about how to find and use money that leaks out of pockets or is already lost in the couch. Few of them imply any significant lifestyle changes but all add up to big bucks over time. It's the kind of trade-off that everyone can afford. Wood's formula really boils down to "add a little discipline and watch your piggy bank fatten up." "From Ramen to Riches" would have been a lot more useful to me when I was in business school than most of the over-written, over-priced text books we were required to read.
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30 of 34 people found the following review helpful By P. OSullivan on November 11, 2010
Format: Paperback
I was skeptical that I would learn much from this book. I have a degree in economics and an MBA. I have invested conservatively over my lifetime and expected no surprises. Boy was I surprised.

There are three reasons to buy this book.
1. It is very readable. Because it is plain-written, non-financial readers will find this a very easy read. No big words or formulas, just straight talk.
2. The breadth of the topic. Woods gives you "The Big Picture" and then does a marvelous job of drilling down to how to buy a car, a house, invest, and manage your finances including credit cards.
3. Clarity of explanations. He provides powerful models that help you understand the concepts and the power of your decisions.

Finally, this book is not just for those of us who have money to invest - it is really for everyone including folks on a very small income trying to stretch every penny.
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15 of 16 people found the following review helpful By katherine willey on January 23, 2012
Format: Paperback
Saving $10 -- good. Spending $9.95 to buy this book -- better! As a senior banking officer, I have a pretty good concept of most things financial. However, when talking to young people about personal finance, including the two growing up in my house, I find myself either... A. At a loss for words, or, B. Putting out way too many words, and quickly losing my audience. Wood's book is genius. Complex concepts are made remarkably simple; the valuable lessons are cloaked in enough humor that they don't go down like lessons at all. Our family's gift closet is stocked with this book. Every high school and college graduate we care about will receive Wood's book. From Ramen to Riches is going to put a lot of people on the path to bright financial futures.
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3 of 3 people found the following review helpful By Robert R. Welniak on January 26, 2013
Format: Kindle Edition
I am in my 30s, 10 months to being debt free, including my home! This book offers sage advice for those getting started, and useful tools for those in mid life who have yet to understand money. I learned a few things too, and will recommend to my friends.
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3 of 3 people found the following review helpful By B. W. Com on December 9, 2010
Format: Paperback
Well written, easy to read, great advice! A MUST READ for anyone in their 20's - or older for that matter. I'm buying it for all my young friends.
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1 of 1 people found the following review helpful By RunningWild22 on November 6, 2012
Format: Kindle Edition Verified Purchase
The book sheds light on the essential basics of beginner investing. Imperative information for any youth and the earlier one reads this book, the better off they'll be in the future. The information in the book teaches a lesson that becomes intuition for the reader. Though it can be, it is not necessarily a workbook but offers a financial moral code that can save lives and create a better future. In a subpar economy, this book will be a life savor.
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3 of 4 people found the following review helpful By AmyK on June 24, 2011
Format: Paperback
A must read for college graduates as well as anyone who tired of ramen noodles long before the ripe old age of 21. Any CEO who is growing a company and really cares about the Millennials (and our next generation of leaders) will hand them this book as a "welcome gift" to embody company culture and personal responsibility. Thanks Jim, for not only helping twenty-somethings, but everyone! Truly an outstanding read and contribution!
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1 of 1 people found the following review helpful By Jesse Hunt on September 13, 2012
Format: Kindle Edition Verified Purchase
This book is a good introduction into the world of personal finance for someone who is getting started living with their own money or about to start. It provides solid advice from the author, and gives introductions into the world of investing. It is well written and engaging, but it does not get very deep into any issues.
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