Customer Reviews

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

5 star:		(8)
4 star:		(0)
3 star:		(1)
2 star:		(1)
1 star:		(0)

 

 

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!

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.

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

Frances Leonard has done a super job of authoring this book. Make no mistake, this book, as its title states, is aimed squarely at the twenty-and thiry-somethings that hopefully want to ensure their financial futures. With this in mind, you should be able to approach this book with a calmness that says, "After reading this, I will be better educated about the world of personal finance."

Leonard outlines her four-step plan, which is the core of the book. And I have found that her advice is sound. The four steps are as follows:

*1 Find Your Number (your age)
*2 Invest at 10 to 12 Percent (the only way to get there is in mutual funds and stocks)
*3 Set up Your Investments in a Tax-Deferred Account (IRAs in USA and RRSPs in Canada)
*4 Beat Down Inflation With Adjustments (follow the annual CPI to make these adjustments)

Stupidly simple - yet extremely effective. My only quips with this book were the corny examples used throughout. The fictional company names were terrible: "Suds 'n Suds" "Luvs To Tank"!? The awful name game carries over to the end of the book and I found it to be a turnoff. In addition, parts of the book have a distinctly childish flavour (Not everyone watches "Sesame Street" in their twenties and thirties.).

Nonetheless, it is a solid effort by a respected and knowledgeable author. If the reader follows the four steps that that Leonard has outlined in her book, they will be set for a very strong financial future. However, it is imperative that the investor starts young (35 and under), because as the title states, "Time is Money".

Time is an extremely important factor in investing for retirement. Many younger people do not realize that if they start investing in their early thirties or better yet twenties, they only have to put away a small portion of money to have a significant amount when they are in their sixties. This happens because of compounding which is the most powerful force in the universe according to Albert Einstein.

The author writes that in order to retire as a millionaire, an investor who is:

* 25, needs to put away $117 per month
* 40, needs to put away $547 per month
* 50, needs to put away $1,665 per month

This assumes a 10 percent growth on the investment, which is very realistic. This is a beginning book, but I believe that all high school or college graduates should read it before they start their careers.

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market

I am in Seoul Korea, where English books are not easily found. I stumbled upon this little treasure. I am starting the 4 step plan this month. As a result of this book I have overcome a lot of fear and recommend it to everyone. Its hardcore so even the math-account types will like it!

I received this book many years ago as a gift - probably when I was 25 or so, and when the book was new. I followed most of the advice of the book, even though at the time, I had student loans and didn't make much money. At 40, I can look back and be very thankful that I received this advice. The book is definitely for the young investor, and one that does not know a lot going in. A great beginners book for young people who may think that they don't need to think about retirement yet...but they do!

I read this book while in the Navy which I joined right out of High School. It opened my eyes to the fact that me and one day my wife could retire as millionaires. But I would hope/pray that the Author would update this book to the now Post-W. Bush Economy. I understood everything Mr. Leonard said and felt that he was talking to me individually as I read this book. The economy has changed dramatically compared to Pre-W. Bush...

I like this book so much I bought it for my sons. It is a no nonsense book that drives home the message of the value of time and money combined. It rates right up there wirth Get A Financial Life

This book has the best of intents, but no delivery mechanism. It is marketed toward the novice financier. The young people who have the motivation to take the next step towards financial independence, but no formal education in the world of money. This book assumes your an expert with tax brackets, investments, and bonds. In addition, the advice is very quickly becoming outdated with the economy the way it is. TAKE HEED! Be prepared before delving into this book. Very helpful, although it requires a great deal of prior knowledge.