When Bobbie asked me to please read and review her husband's new book--instead of waiting to receive a copy-I went and ordered it from Amazon! I was certainly interested in reading this book since like her husband I have the unusual educational combination of accounting and environmental science in my case-engineering in his!
I was able to read it in about an hour, but will go back and re-read portions! Unfortunately, I am too old to take this advice since I am already semi-retired! Yes, I agree, if you can, and you have a long enough time frame-creating passive income is the way to go. As is pointed out by the author you do have to be very careful.
I particularly liked his advice about financial advisers! When I first tried to invest I used the services of a bank--no comment. Now I do know about accounting and balance sheets etc so I said to myself-self-you can do this! Actually I did quite well but truly did not have the time required to keep up with when I should buy and sell. I then ended up with a financial adviser who was very good--but then the stock market crashed--oh well. Please make sure that if you do the financial adviser you pick not only invests in what he puts you into-but make sure he is in the same financial class as you! I could not really afford to lose that money--he could! Luckily I have always lived frugally!!
The only regret that I have is not following my dreams from when I was young and listening to others. Listen to your heart, set a plan (this book will give you ideas on how to do that)-and stick to it!
About the Book: (from the back cover)
An Average Joe’s Pursuit for Financial Freedom offers a different perspective on money than what is traditionally taught by our parents and in our school systems. The reason there is such a discrepancy between the wealthy and the poor is due to the difference in the way money is perceived. We are not born with the ability to maintain wealth: it is something that is learned. The knowledge of knowing how to make money work to generate passive income is something that anyone can learn as long as they are disciplined. An Average Joe’s Pursuit for Financial Freedom is based on practical concepts and discusses the problems that the majority of us face with our personal ﬁnance. The concepts in this book are based on theory by an author that practices what he writes about.
This book can be purchased at Amazon Barnes & Noble and Exlibris
About the Author: (from the author's website )
Michael Munsey works in the oil industry and resides in Houston, Texas. He received his undergraduate degree from Murray State University in May of 1995. While working to climb the corporate ladder within Halliburton Energy Services, Michael enrolled in the EMBA program at Rice University in 2005. After earning his MBA, he had a major change in the way he perceives money, which he shares in this book, An Average Joe's Pursuit for Financial Freedom.
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