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

~ (Author) "THE NATIONAL HEALTH AND NUTRITION EXAMINATION SURVEY conducted between 1999 and 2002 indicates that nearly two-thirds of U.S. citizens are overweight..." (more)
Key Phrases: financial quadrants, active income, definitive goal, Net Worth Workout, Net Worth Statement, Lifestyle Log (more...)

Editorial Reviews

Product Description

Are your bills bloated, your savings scrawny, and your investments sluggish and lazy? This book presents a program for prioritizing, goal-setting, and follow-up that will get your finances into shape. Inspired by the author's successful seminar program of the same name, The Net Worth Workout uses a subject that people relate to easily -- health and fitness -- to make the nervewracking topic of personal finance more accessible. The book helps you develop the discipline and consistency you need to build your financial muscle. The author compares: * Spending with Calorie Intake: Junk spending decreases wealth, while nutritious spending boosts it. * Saving with Muscle Strength: Just as weightlifting builds muscle, smart saving builds financial strength. * Earning with Metabolism: Earning more (whether through higher pay or taking better advantage of benefits) helps maximize the other components of your financial health. * Investing with Cardiac Fitness: The heart of lasting financial health, investing increases the long-term effectiveness of the other components and ensures a robust financial life. The Net Worth Workout shows you how to follow a manageable, consistent regimen that will help ensure a healthier financial future -- all while hardly breaking a sweat.

Book Description

"Are your bills bloated, your savings scrawny, and your investments sluggish and lazy? This book presents a program for prioritizing, goal-setting, and follow-up that will get your finances into shape. Inspired by the author's successful seminar program of the same name, The Net Worth Workout uses a subject that people relate to easily -- health and fitness -- to make the nervewracking topic of personal finance more accessible. The book helps you develop the discipline and consistency you need to build your financial muscle. The author compares:

* Spending with Calorie Intake: Junk spending decreases wealth, while nutritious spending boosts it.

* Saving with Muscle Strength: Just as weightlifting builds muscle, smart saving builds financial strength.

* Earning with Metabolism: Earning more (whether through higher pay or taking better advantage of benefits) helps maximize the other components of your financial health.

* Investing with Cardiac Fitness: The heart of lasting financial health, investing increases the long-term effectiveness of the other components and ensures a robust financial life.

The Net Worth Workout shows you how to follow a manageable, consistent regimen that will help ensure a healthier financial future -- all while hardly breaking a sweat."

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Product Details

• Hardcover: 240 pages
• Publisher: AMACOM (January 20, 2006)
• Language: English
• ISBN-10: 0814473156
• ISBN-13: 978-0814473153
• Product Dimensions: 9.1 x 6 x 1.1 inches
• Shipping Weight: 14.4 ounces (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars  See all reviews (7 customer reviews)
• Amazon.com Sales Rank: #1,385,946 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

3 of 3 people found the following review helpful:

5.0 out of 5 stars Health & Wealth, January 16, 2006

By	Steve Larhoff "Steve" (Boston) - See all my reviews

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.

2 of 2 people found the following review helpful:

5.0 out of 5 stars Solid Advice On Putting Your Financial House In Order, November 1, 2006

By	L. Masonson (Monroe, New York USA) - See all my reviews (REAL NAME)

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.

2 of 2 people found the following review helpful:

5.0 out of 5 stars Great book and a quick read-Must BUY!, January 19, 2006

By	Lesley Groff "peanut" (New Canaan, CT) - See all my reviews (REAL NAME)

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.