Time Is Money: A Million-dollar Investment Plan For Today's Twenty- And Thirty-somethings [Paperback]

Frances Leonard (Author)

Book Description

Publication Date: December 20, 1995

If you are under thirty-five you have at your disposal the world’s most powerful investment tool—time. Today’s 20 year-old can put aside $71 a month and retire a millionaire. At 26, the magic number is a mere $130. At 35, sock away $324. Frances Leonard’s easy Four-step program shows you how to use your youth and the miracle of compounding to put aside a few dollars now so that you won’t have to worry about retirement for the rest of your life.Of course, putting aside any amount of money in your twenties and thirties is a drag. That’s why the Four-Step program is designed to reward you well throughout your life. Start now, and you’ll not only retire a millionaire—you’ll also have thousands of dollars over the years to spend on fun stuff while you’re still young enough to enjoy it.Written specifically for the financial beginner, Time is Money provides the solid, straightforward information you need to radically change your future for the better—without sacrificing every dollar today.

Editorial Reviews

From Publishers Weekly

Leonard, author of Women & Money, has written an upbeat financial-advice book for people in their 20s and 30s. Rather than attempting to account for every imaginable financial disaster, Leonard wisely focuses on one key issue?accumulating as much money for retirement as possible. Aided by very convincing statistics, she shows the importance of saving early: someone who invests $96 every month, starting at age 23, in an investment that earns an average of 10% annually, would accumulate a million dollars by the time he or she reaches age 67;on the other hand, if someone doesn't begin saving until he or she is age 42, that person would have to save $677 every month in order to have saved a million dollars at age 67. Leonard introduces an easy-to-understand four-step program to achieve this goal. These "steps to a fortune" include figuring out how much money you can set aside regularly; finding an investment that earns 10%-12% interest; using a tax-deferred account such as a 401(k) plan; protecting your money against inflation and against the unexpected. Other chapters on the stock market, mutual funds, pension plans and other aspects of financial planning are also included. Probably most helpful to the many overspenders in the audience will be the section on managing debt and making the most of credit. Leonard's easy-going writing style with humorous quips should appeal to the intended readers.
Copyright 1995 Reed Business Information, Inc.

From Library Journal

Leonard, a lawyer, lecturer, and writer (Money and the Mature Woman, LJ 2/15/93), writes a paean to "the miracle of compounding interest." He tells how persons aged 35 or younger can become millionaires by investing monthly in stock mutual funds and offers statistics to show that over the last decades the stock market has gained on the average more than ten percent a year despite recessions and downturns. Those over 35 are virtually ignored here, because it is too late for compounding to produce a million dollars for them unless they are already well-to-do. Leonard's afterword for parents, etc., encourages them to get their offspring into such a program, even if the parents must start the account themselves. Although the investment program suggested is mathematically possible, it does not take into account layoffs, illness, and divorce, which can interfere with making monthly investments over the 40 or so years required. Still, this is a worthwhile book for public libraries.?Sue McKimm, Cuyahoga Cty. P.L., Parma, Ohio
Copyright 1995 Reed Business Information, Inc.

See all Editorial Reviews

Product Details

• Paperback: 336 pages
• Publisher: Basic Books (December 20, 1995)
• Language: English
• ISBN-10: 0201409623
• ISBN-13: 978-0201409628
• Product Dimensions: 8.2 x 5.4 x 0.9 inches
• Shipping Weight: 13.4 ounces
• Average Customer Review: 4.5 out of 5 stars  See all reviews (10 customer reviews)
• Amazon Best Sellers Rank: #1,731,670 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

11 of 11 people found the following review helpful:

5.0 out of 5 stars Awesome!, December 6, 1999

By 

Homare Yamaguchi (Seattle) - See all my reviews

This review is from: Time Is Money: A Million-dollar Investment Plan For Today's Twenty- And Thirty-somethings (Paperback)

I bought this book almost 2 years ago and this really made me serious investing for the future. Easy to read yet very thorough. Best book for newbies on mutual funds & stocks. I am so glad that I came across to this book. I really appreciate the author to write such an awesome book. My investments on mutual funds are doing extremely well, I am starting investing on stocks as well. Thanks alot!

4 of 4 people found the following review helpful:

5.0 out of 5 stars A terrific book for young investors!, August 12, 1998

By A Customer

This review is from: Time Is Money: A Million-dollar Investment Plan For Today's Twenty- And Thirty-somethings (Paperback)

This is the book I wish I had read twenty years ago. If I had my druthers, I'd give to every graduating high school senior. In a simple, engaging way it emphasizes the importance of starting early, even with just a few dollars.

4 of 4 people found the following review helpful:

5.0 out of 5 stars great introduction to retirement funding, September 28, 2002

By 

J. Grosser (Tennessee USA) - See all my reviews
(REAL NAME)   

This review is from: Time Is Money: A Million-dollar Investment Plan For Today's Twenty- And Thirty-somethings (Paperback)

Time is Money has a load of basic financial concepts in its coffer. It was a pleasure to read, and the short quizzes at the end of each chapter really helped my focus and made certain I got the main concepts of each chapter. I am very annal about picking books because reading an entire book is a big investment of time, which I don't have a lot of to dedicate to pleasure reading--the time was definitely worth it. I've since recommended this book to friends.

Good luck! Jason