- Paperback: 336 pages
- Publisher: Perseus Books (30 Nov 1995)
- Language English
- ISBN-10: 0201409623
- ISBN-13: 978-0201409628
- Product Dimensions: 21 x 13.6 x 2.3 cm
- Average Customer Review: 4.3 out of 5 stars See all reviews (3 customer reviews)
- Amazon Bestsellers Rank: 2,675,924 in Books (See Top 100 in Books)
- See Complete Table of Contents
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Product Description
Product Description
If you are under thirty-five you have at your disposal the worlds most powerful investment tooltime. Todays 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 Leonards 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 wont 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. Thats why the Four-Step program is designed to reward you well throughout your life. Start now, and youll not only retire a millionaireyoull also have thousands of dollars over the years to spend on fun stuff while youre 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 betterwithout sacrificing every dollar today.
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First Sentence
It's not for nothing that the great Albert Einstein is credited with observing that compounding is the greatest mathematical discovery of all time. Read the first page
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
It's not for nothing that the great Albert Einstein is credited with observing that compounding is the greatest mathematical discovery of all time. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews
Most Helpful Customer Reviews
Format:Paperback
The main point of Ms Leonard is that those in their 20s and 30s should start investing for their retirement now. This is important due to the power of compounding which effect is all the greater the longer the money is invested. It explains how a target of one million dollars is achievable if one starts investing early enough. And the beauty of Ms Leonard's idea is that one need not invest large sums to achieve the target (if the investments start early).
It is a great general introduction to investments, shares, bonds, unit trusts etc. And there are some lessons here even for more experienced and knowledgeable investors.
There are two downsides, which is why I have taken a star off for each. First Ms Leonard does not emphasise directly the dangers of active management (using actively managed instead of passively managed/indexed funds means that fund manager's fees eat into an investors funds considerably - see 'The Succesful Investor' by Larry Swedroe if you are in any doubts about this) and the book should emphasise this in my view. The second is that the book relies on a crucial assumption to prove that you can reach the target of one million dollars - that investments will continue to return 10-12%. This assumption has been shown to be incorrect even since the book was written roughly 12-ish years ago. Nevertheless what Ms Leonard advocates in this book certainly has much to recommend it, and the principles hold true even if this assumption is wrong!
It is a great general introduction to investments, shares, bonds, unit trusts etc. And there are some lessons here even for more experienced and knowledgeable investors.
There are two downsides, which is why I have taken a star off for each. First Ms Leonard does not emphasise directly the dangers of active management (using actively managed instead of passively managed/indexed funds means that fund manager's fees eat into an investors funds considerably - see 'The Succesful Investor' by Larry Swedroe if you are in any doubts about this) and the book should emphasise this in my view. The second is that the book relies on a crucial assumption to prove that you can reach the target of one million dollars - that investments will continue to return 10-12%. This assumption has been shown to be incorrect even since the book was written roughly 12-ish years ago. Nevertheless what Ms Leonard advocates in this book certainly has much to recommend it, and the principles hold true even if this assumption is wrong!
Format:Paperback
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
Format: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.
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