All the Math You Need to Get Rich: Thinking with Numbers for Financial Success (Paperback)

by Robert L. Hershey (Author) "Once upon a time there was a poor caveman named Ug..." (more)
Key Phrases: bond yield formula, average unpaid balance, national energy supply, Daily Bugle, Calamari Spyder, Lisa Jones (more...)

Editorial Reviews

Review
"I highly recommend Hershey's book because he uses examples...to walk you through...everything from percentages to compound interest." -- Washington Post,February 10, 2002

Product Description
With so many options for investing, retirement planning, and home financing available, consumers need a thorough understanding of the concepts and terms underlying financial decisions.

All the Math You Need to Get Rich will leave even the math phobic with a solid foundation in the mathematics behind mortgage and insurance payments, compound interest, stocks and mutual funds, cash flow, gambling, and risk-taking.

Writing in a light-hearted and humorous style, Robert Hershey takes readers step by step through several real-life sample problems in each area. Organized for easy reference, this book provides the necessary tools to make informed decisions about financial investments.

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Product Details

• Paperback: 224 pages
• Publisher: Open Court; illustrated edition edition (August 31, 2001)
• Language: English
• ISBN-10: 0812694473
• ISBN-13: 978-0812694475
• Product Dimensions: 8.8 x 6 x 0.3 inches
• Shipping Weight: 8.8 ounces (View shipping rates and policies)
• Average Customer Review: 4.3 out of 5 stars See all reviews (3 customer reviews)
• Amazon.com Sales Rank: #118,561 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

16 of 16 people found the following review helpful:

4.0 out of 5 stars All The Math You Need To Get Rich - Definitely, October 17, 2001

By	Ron Rolfe (Washington, DC) - See all my reviews

Mr. Hershey's lighthearted tome takes a humorous yet enlightening approach to providing clarification on a subject that frightens many - crunching the numbers. If math was one of the subjects you avoided like the plague in high school, you might think this book isn't for you, and yet, it's the perfect guide for those that might find math a little unsettling. Loaded with clear examples of everyday financial situations, it's easy to track down the answer to questions many people face on a day to day basis. I especially liked the emphasis on the effect of compounding interest and the details on calculating investments in chapter 6 and 7. One word of caution though, if you're a big time gambler, just waiting for your horse to come in, skip chapter 3. In a nutshell, if you want clear advice on understanding investments, percentages, the odds of winning or how you can strategize on long term goals, this book is the place to find it. Even for the weak of heart when it comes to numbers.

13 of 13 people found the following review helpful:

5.0 out of 5 stars Fun With Financial Math, December 11, 2001

By	"sjaffin" (Silver Spring, Maryland USA) - See all my reviews

Here is a handy guide to life's financial problems. It is more than just an inventory as it provides the steps necessary for working with the numbers that underlie the solutions. You aren't a math wiz? No problem. Every example, and there are so very many of them, comes complete with simple words and an easy walkthrough to the solution. They build on each other, much as our real world financial problems are extensions of each other. Question: What is the world's most powerful financial force? Answer: Compound interest, of course. It is easily applied and can be made to work for anyone. The author suggests using a pocket calculator, and for most of the examples it will suffice. The more adventurous reader will want a spreadsheet, as the more involved (and realistic) examples/problems have many parts. A descriptive phrase can then accompany each number, and the rather straightforward formulas can be programmed at the start. All in all this is an excellent primer for the realities of money. The author's humorous touch adds to the book's enjoyment and utility.

1 of 9 people found the following review helpful:

4.0 out of 5 stars RULE OF 70?, August 17, 2002

By A Customer

I PURCHASED THIS BOOK AND IT SEEMS TO BE GOOD EXCEPT THAT WHEN THE AUTHOR REFERS TO THE "RULE OF 70", I HAVE ALWAYS HEARS IT REFERRED TO AS "THE RULE OF 72". IS THIS AN ERROR OR A TYPO?