Reviewer Conny Withay:Operating her own business in office management since 1991, Conny is an avid reader and volunteers with the elderly playing her designed The Write Word Game. A cum laude graduate with a degree in art living in the Pacific Northwest, she is married with two sons, two daughters-in-law, and three grandchildren.
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Author: Jonathan Chevreau
Publisher: Trafford
Publishing
ISBN: 978-1-4669-7213-1
"Financial
Independence is not the same thing as Retirement. It means you
continue to work because you want to, not because you have to,"
Jonathan Chevreau writes in his second United States edition of Findependence Day - How to Achieve Financial Independence:
While You're Still Young Enough to Enjoy It.
Targeted to
the young and old who want to be financially independent while still
healthy and active, this two hundred and seventy-seven page paperback
book is different than the standard "do exactly this to achieve
great wealth" textbook. This is an engaging story that draws the
reader in while teaching smart, reliable and logical habits to save
and make money throughout each stage of one's life. Although it reads
like a novel, each chapter ends with a short summary of what can be
gleaned financially from the discussion, making it a good addendum to
academia on finance.
The tome opens with young
twenty-something year olds, Jamie and Sheena, a married couple on a
television show about debt management who are criticized and scolded
about their chronic over-spending while credit cards are being cut
up. Through "guerrilla frugality", the new-found "froogers"
mark their future Findependence Day on a calendar as July 4th, in the
year Jamie turns fifty years old, to be debt free.
As the
story progresses over a twenty-five year time period, the reader
innocuously learns from nice guy, Theo, an older, seasoned financial
advisor, how to invest, build wealth and save over a lifetime through
paying off a mortgage early, eliminating all debt and maintaining
multiple streams of income. However, sleazy Al, an aggressive sales
executive who appears wealthy but is irresponsible financially,
seduces Jamie time and time again to fall for schemes, money pitfalls
and job losses that disrupt and practically destroy the couple's
married and family life.
Playing off classic rock songs and an
undercurrent of vinyl record albums with their iconic references,
chapters take baby-boomers back to the sixties and seventies in music
as the tale blends consumer electronics with the internet and
blogging. The goal becomes finding a purpose when, after financial
independence is reached, one works because he or she wants to instead
of has to as a lifestyle choice.
For a technical topic such as
finance, the writer does a splendid job keeping the reader educated
about using a line of credit to consolidate loans, investing in
mutual funds involving IRAs, pensions, REITs and lazy portfolios
while having monetary ducks in order as the years fly by. If you
spend less than you make now, you can easily save ten to twenty
percent for later by using Chevreau's "Bloody Well Right"
(Supertramp) suggestions.
This book was furnished by the
author for review purposes.