Wealth Your Way
A Simple Path to Financial Freedom
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- $6.99
Publisher Description
Journey through your Life's Complete Financial Arc with Wealth Your Way. Accumulate wealth, achieve the pinnacle of financial independence, and then comfortably spend your wealth as you retire on your own terms.
Financial independence buys you the most valuable asset on the planet—freedom. The freedom to spend your money, and more importantly, your time, however you see fit.
Still, reaching financial independence requires more than mere investing. Unlike other books that try to tell you what to think, Wealth Your Way teaches you how to think about growing your wealth, with real-life examples of the pitfalls you might encounter and strategies to avoid them.
As with most things in life, the more carefully you plan for financial independence, making course corrections along the way, the less you'll need to worry about the outcome. Live your best life today with the satisfaction and comfort of knowing your financial future is in good hands—your own.
PUBLISHERS WEEKLY
This thorough debut from retired CPA DeStefano explains how to achieve financial independence. DeStefano's core advice boils down to setting realistic goals, balancing risk and return, and periodically reviewing one's progress. Planning is crucial, he contends, suggesting that readers map out how they plan to spend over the course of their lifetimes so they can best gauge if they're on track to meet their goals. "Monthly contributions are the single most important tool in your investment toolbox," he posits, illustrating the importance of investing early by noting that Warren Buffett, who started investing at age 10, saw 96% of his fortune accumulate after his 60th birthday. Exhorting readers to "do nothing" during market turbulence, the author asserts that timing the market "is a fool's errand" and that it's important to know the history of markets so readers can better recognize economic bubbles. When one is ready to live off one's investments, he recommends following the 4% rule, or taking 4% out of one's portfolio per year. He concludes with a list of index fund suggestions to help beginners get started. DeStefano's scope is comprehensive but his straightforward style never intimidates. Those who want to invest for their future but don't know how to start would do well to check this out. (Self-published)
