Independently Wealthy: How to Build Financial Security in the New Economic Era [Paperback]

Robert Goodman (Author)

Book Description

Publication Date: October 13, 1997

Praise for

"Are you looking for a way to take charge of your financial future? Read Bob Goodman's Independently Wealthy. It is a terrific first step to financial prosperity."—Bill Griffeth, anchor, CNBC-TV.

"A fascinating look at the events and trends influencing today's economy, coupled with pragmatic ideas on creating a solid investment portfolio."—Ginger Applegarth, author of The Money Diet: Reaping the Rewards of Financial Fitness

"Written in a forthright and accessible manner, Independently Wealthy places current economic events into perspective. It is must reading for anyone who aspires to financial independence in the new economic landscape."—Arthur Laffer, President, A. B. Laffer, V. A. Canto & Associates

"A well-reasoned, commonsense approach to achieving financial independence in the new economic landscape."—John Bachmann, Managing Partner, Edward Jones.

"Dr. Goodman's overview of the economy is concise without being simplistic, erudite without being intimidating. His grasp of finance will help you plan effectively for your personal financial security."—Robert Metz, editor Money Talks, a financial news magazine on the Internet.

"Bob Goodman's message about retirement: Uncle Sam is about to take the ax to Social Security and Medicare, but he's providing plenty of help for workers who are willing to invest for their own financially secure retirement. Goodman shows that you have to deal effectively with this new reality."—Todd Robinson, Chairman and CEO, LPL Financial Services.

Editorial Reviews

From the Publisher

This book provides you with a road map for navigating the new economic landscape and achieving financial security in the years ahead. The author clearly describes how the political, economic, and financial worlds interact and teaches you how to recognize emerging trends and take advantage of them. Goodman also shows you how to avoid the mistakes most savers and investors make and, perhaps most importantly, provides an easy-to-follow, 10-step program for building a financial plan that works for you. Not just for experienced investors but for anyone who wants to start investing and/or saving for the future. --This text refers to an out of print or unavailable edition of this title.

From the Inside Flap

By the time you finish reading this book, you will have your compass and charts in hand, you will have gained insights into today’s financial, economic, and political realities, and you will know the mistakes most savers and investors commonly make. Most important, you will learn how to construct a detailed financial plan that works.

Longer life expectancies, uncertainties surrounding Social Security, and the continuing shifts in tax legislation have forced Americans to become more active in building wealth to assure their own financial security. In the extensively revised Second Edition of Independently Wealthy: How to Build Financial Security in the New Economic Era, economist and financial expert Dr. Robert Goodman returns to bring you up to date on the political and economic events that have led to today’s investment environment. He then discusses the steps you must take to achieve financial freedom in the years ahead.

It does not matter whether you are young, middle-aged, or older, he writes, your task is "doable." The important thing is to start now. For young workers, he demonstrates the power of compounding. For those who are at midlife, with competing pressures on their incomes, he provides helpful ways to automate the savings and investment process. For those who are older and who may be discouraged because they have not yet begun to save, he advises, "It is better to start late than not at all."

Independently Wealthy, Second Edition offers the tools, techniques, and advice that you need to begin saving or investing for the future–even in an ever-changing market. This practical guide to today’s investment terrain also includes an updated version of Dr. Goodman’s ten basic investment rules to follow as you work your way toward financial independence. --This text refers to the Hardcover edition.

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Product Details

• Paperback: 256 pages
• Publisher: Wiley (October 13, 1997)
• Language: English
• ISBN-10: 0471192449
• ISBN-13: 978-0471192442
• Product Dimensions: 8.8 x 6 x 0.7 inches
• Shipping Weight: 12.8 ounces
• Average Customer Review: 3.7 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #4,720,403 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

7 of 8 people found the following review helpful:

5.0 out of 5 stars A great introduction to economics and financial planning, March 11, 2001

By 

GraberDC (Denville, NJ United States) - See all my reviews

This review is from: Independently Wealthy: How to Build Financial Security in the New Economic Era (Paperback)

This book is geared to the those with a beginner to intermediate level of financial planning knowledge. It is very thorough, insightfull, and touches on many areas that other basic financial planning works lacked (Such as how lower tax rates will affect muni bond performances, UTMA's & UGMA's, finding the right financial advisor, etc). It is divided into 3 parts:

The first is an overview of economics and the economic philosophies that have guided the US market since World War 2. This is very concise and simple without being simplistic.

The next section is an excellent overview of the basic concepts of financial planning and investment vehicles.

Finally, the third part goes into how to apply it to your personal situation and goals. It sums up 10 principles for building wealth.

As I am self-employed, I have several books on financial planning to prepare for the financial future of my family. This is my favorite for the basics. Good companions that deal more with the inner psychological aspects would be "The 9 Steps To Financial Freedom" by Suze Orman, and "The Energy of Money" by Marcia Emory.

1 of 1 people found the following review helpful:

5.0 out of 5 stars good beginner's book, June 24, 2010

By 

book junkie (Alabama) - See all my reviews
(VINE VOICE)   

This review is from: Independently Wealthy: How to Build Financial Security in the New Economic Era, 2nd Edition (Hardcover)

This is an excellent overview of market economics and beginner's investing. Its not very exciting, but it is good sound advice.

2 of 5 people found the following review helpful:

1.0 out of 5 stars Bland/Ineffective; Try Sy Harding's "Riding the Bear", July 1, 2002

By A Customer

This review is from: Independently Wealthy: How to Build Financial Security in the New Economic Era (Hardcover)

No specific advice here, very bland and ineffective. Glossy puff piece, nothing here to help the average investor make $$$. Buy Sy Harding's "Riding the Bear" (which predicted the current bear market a year before it happened and helps one understand the market and its history), then, get Charles Caes' excellent "Tools of the Bear" which helps investors make $$$ in both bear and bull markets.