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Popular guest speaker and author Devin D. Thorpe is a Forbes Contributor who covers social entrepreneurship, impact investing, philanthropy and corporate social responsibility. He brings a broad perspective to financial planning, having owned and operated an investment-banking firm, which included an investment advisory business, a mortgage brokerage and having served in a variety of corporate finance positions.
Devin launched his writing career while serving as a business professor at South China University of Technology in Guangzhou, China on behalf of Brigham Young University's Kennedy Center China Teachers program. Previously, he served as the Chief Financial Officer for the multinational company MonaVie, listed in Inc. Magazine's 2009 Inc. 500 as the 18th fastest growing company in America and, at $834 million in revenue, the third largest company on the list. Prior experience includes two years working on the staff of the U.S. Senate Banking Committee during Utah Senator Jake Garn's tenure. He also served briefly in Utah State Government, working at USTAR under Governor Jon Huntsman.
He earned an MBA with focus in Finance and Accounting from Cornell University's Johnson Graduate School of Management. He completed his undergraduate degree in finance at the University of Utah, where he later worked as an adjunct professor of finance. In 2006, Devin was recognized by the David Eccles School of Business at the University of Utah as a Distinguished Alum.
Devin ran his first marathon in 2011, finishing in 4:35.
The full title of this book is 925 Ideas to Help You Save Money, Get Out of Debt and Retire a Millionaire So You Can Leave Your Mark on the World. Sound lengthy? Uh, yeah. But the length of this book's title is only an indication of the wealth of information found among its one hundred and seventy-seven pages. This is the book that you want to turn to when you are trying to learn more about your financial situation from a reputable source. The absolutely best thing about this novel that promises to help you save money? It's free. 9125 Ideas to Help You Save Money, Get Out of Debt and Retire a Millionaire So You Can Leave Your Mark on the World by Devin D. Thorpe is not like any other book that you would normally read. This book is a collection of online articles Thorpe wrote for FamilyShare.com. To make things easier for those who appreciate Thorpe's unique ability to simply state complex financial ideas, he has compiled his articles into one free e-book. You are not encouraged to read this book front to back, although I did for the sake of this book review. You are encouraged to utilize the table of contents to choose a topic that interests you. My husband and I are pretty good with money; we have no debt. We also have saved enough to roughly live off savings while he attends college. But we will eventually want to buy a home and save for retirement. After reading the chapters entitled Your Home Is The Centerpiece of Your Family's Financial Future and Planning for Your Ideal Retirement, I was actually able to communicate with Clifton about his thoughts on owning a home and his retirement savings strategy like an intelligent human being.
This book is unhelpful at best and downright insulting at worst. Some of the tips:
Stop eating out. Rent your boats and Atvs instead of buying them. Make a budget. Track your spending. Teach your kids to manage money. Plan finances with your spouse. Shop at thrift stores.
Really? If I'm trying to save money I think I'd already be doing these things. This is common sense.
I'm not sure who the audience of this book is...it's telling me to skip the valet service. Because that will save me money. It also mentions frequently that I should not give in to the urge to buy that top that goes with those shoes, or that handbag, or that other top from the catalogue. Are women the only ones that read money saving books?
It also claims that you can plan healthy eating by buying frozen dinners instead of eating out. Frozen dinners aren't good for you. These are terrible ideas.
If you're looking for common sense ideas you probably already know or of you are well off and don't realize that you can rent boats or park your car yourself then read this book. It can help you save money, I guess. Otherwise I would suggest How to Manage Your Money When You Don't Have Any. That book will teach you how to MANAGE your money so you can then properly save it.
These suggestions are for people who are not already broke. For example two tips on how to live frugally: skip the valet and no more wooden hangers for your clothes. Oh gee, I'm so heartbroken. Alfred, phone the valet and tell him his services are no longer needed.
This information is not new, but it is good reinforcement. It is written well and in an organized and practical manner. I found this worthwhile reading. If you are wondering how you will ever be able to afford to retire, this is a must read.
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