4.0 out of 5 stars
Interesting read, useful information, September 17, 2003
This review is from: Pathways to Wealth: A Common Sense Guide to Personal Money Management and Lifestyle Techniques (Paperback)
This book was recommended by a friend and I can say that it was well worth the read. The book is kind of unique in the fact that it contains fiction and non-fiction, but the concept worked well. What makes the book really stand out is how the information flows and culminates in the second half. While the first half is basically a story on a character named Jay and his financial escapades, the second half is where the meat and potatoes are.
This section takes a look at important topics such as how we spend our money, how to analyze ones finances through personal financial statements, as well as what professionals one can turn to for help. The section after that, which Mr. Rogers refers to as the "Cornerstones", really points out how to change one's finances. I read RK's "Rich Dad Poor Dad" and there is a noticeable difference. While RK talks about becoming rich, Mr. Rogers gives you steps on how to actually achieve this goal. In a nutshell it starts by getting rid of debt, living below your means so that you can save, investing in items (this can be a traditional investment such as stocks or an alternative investment such as REIT's). The ideas he presents on saving money include taxes as well as insurance. Most people tend to neglect these two areas, but they can add up to substantial savings if you pay attention.
Overall, I think the book was well thought out and easy to read. The only reason I didn't give it five stars is because the story was lacking in some areas (i.e. some typos and characters that lacked full development at times). Yet the focus of the book isn't really in the story (although it does prompt you to think a lot about your own financial life). It's the second half of the book that really makes it a worthwhile read, and that is where this book surpasses most books in this genre.
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