Customer Reviews

The Net Worth Workout: A Powerful Program for a Lifetime of Financial Fitness

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Feitelberg does a phenomenal job correlating financial health to physical health. This is a read that goes quickly as the prospects of financial benefit become clearer page by page. I have been on the program 2 weeks and my personal understanding of my wealth and its potential 2 months, 2 years & 2 decades from now are finally tangible goals. The Net Worth Workout provides a coherent chronology of how to "clean up your house" and allows you to rest easier at night knowing what your financial future holds. I would strongly recommend this book for anyone wanting to know where they stand monetarily and looking to achieve their desired net worth in life.

Susan Feitelberg, the author, is a JPM Chase Financial Adviser. This book is product of seminars she has given to her clients to provide guidance on improving their financial situation and wealth. The book provides a logical, step-by-step approach to managing your finances in an organized fashion.

As a competitive athlete, who needs to be physically fit, she explains that individuals need to get financially fit to be able to maximize their wealth. She compares getting financially fit to an athlete getting ready for a competitive event. Preparation, practice and a game plan are necessary for both to achieve success.

According to Feitelberg, individuals need a plan to handle their finances today and going forward. She uses athletics as a metaphor to explain how goals, vision, persistence and success apply to individuals in developing their financial plans. She recommends that you become your own financial trainer.

The crux of the book is composed of separate chapters on the Four Quadrants of Wealth:
- Earning (equivalent to metabolism)
- Spending (caloric intake)
- Saving (strength training)
- Investing (cardio fitness)

The author also delves into the importance of having a positive attitude in order to reach your goals, and therefore suggests that an individual first prepare a net worth statement, decide on the short- and long-term goals, and revise them as necessary.

In the area of investing she recommends that a list of current investments be prepared with your investment goals for 1 and 3 years. She then covers compound interest, dollar cost averaging, tax reduction and retirement funding, diversification and tax deferral. In the savings area, the author reviews CDs, MMAs, 529 plans, retirement plans, and the importance of coordinating savings with other quadrants.

Overall, the book is an excellent primer on what is needed to have a sound financial future.

This is a great book! This book is a quick read, even if you think you do not have time to read it... you can read it quickly and establish your frame work on how to get started. Even if you already invest, there are many helpful tips to allow you to get rich slowly. If you are an athlete, the correlation to sports and athletics will enable you to visualize your success just as you would before a big race, or game. Do yourself a favor, read this book and start building your net worth today.

I have read a ton of books and I must admit that I found this book to be extremely simple and thought provoking. Even though I utilize a broker here in NY the information, guidelines and structure that Ms. Fietelberg presented gave me a very different perspective on what it takes to "get in shape". I would strongly recommend this book to anyone looking for clear and logical advice on planning their financial future. An excellent read.

Learn how to develop a strategy program which works for a lifetime of financial fitness in Susan Feitelberg's THE NET WORTH WORKOUT which provides a program for earning, saving and investing habits which slims down spending and creates defined goals. The author gives his seminar to JPMorgan Chase financial advisors and their clients each year: now it's in a handy book form to help readers understand the foundations of sensible spending, saving, and earning management.

Well written and right to the point. I felt as if she was speaking directly to me.

If your investments are sluggish or you're a general interest library seeking a wide-ranging personal finance guide that won't age quickly, THE NET WORTH WORKOUT is for you. It tells how to build financial strength through a blend of diversity and cutting out the 'junk' investments which drag down a portfolio, and tells how to use existing financial options to strengthen a position. The focus allows for a powerful investment tool that embraces the ideas of the portfolio as a whole, analyzing its individual components and their contribution capacity.

Diane C. Donovan
California Bookwatch