I’m glad to see that the author makes a difference between consumer debt (i.e., unpaid credit cards) and leverage debt (i.e., mortgage, starting a business). Consumer debt — by which I mean unplanned unpaid balances that linger more than a month or so — should be avoided. Leverage debt can be very useful.

I’m going to have to read this book.

I am not an investor so I skipped the last book. (I save – a form of investing but not in the market)

I have hear of this book but never really gotten a decent review about it.

I too agree, true happiness lies within. As for the Green eyed monster of envy rearing it’s ugly head, yes we are only human but we are able to choose when the monster comes out to play. And that describes a person, when they let the monster out.

I agree on the 401k issue, don’t pay it and forget it. You have to follow the market with the funds. Most of my clients are able to manipulate what their 401’s are buying. I recommend a monthly ( at the least) look at what your 401k is doing. As for not having a 401k at all I say wrong. If for no other reason the company match makes it worth while depending how you look at it it is a raise or free money even.

Use the 401k, take advantage of it, and then on top of that play the market, and if you can you should also be doing some just saving. – Who doesn’t have an emergency fund yet? Get it!

I could debate myth number 5 but won’t. I come from self made family and their ideals have made me a bit bitter towards those “in power” solely because of their money.

Over all I now have this book added to my list of books to get – even though there is no link to history or taxation.

Great review.

I agree with this to an extent, but I don’t freak out about small amounts of debt like some people. I mean, if I have $500 on a credit card and I don’t pay it off right away and it accrues $4 in interest, I don’t freak out. I think, big deal, it is $4. I can deal with that, you know?

I really don’t think that it is as many people as you think. I personally do not have one member of my extended family in a nursing home or hospice. Not one person. I think that my mother’s grandmother spent one year in a NH after she broke her hip, but everyone else has died at home or in a car accident, etc. I have long term care insurance that I’ve already purchased because you can lock in rates at a young age. And the benefits range quite a bit, and adds 4% of additional coverage per year to adjust for inflation. It is a great benefit. I personally would not allow my parents to stay in a NH, and they wouldn’t be able to afford it anyway. People end up with bed sores and MRSA. I also would rather give myself a lethal dose of valium than to spend my last years on earth lying in my own stool and being neglected….. (if I’m still able to make my own decisions at that point and not in a state of dementia….. omg. I’m freaking myself out)….