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Saving, Spending, Investing, Giving: A Veteran Investment Advisor Reflects on Money
From the author of the international bestseller, University of Berkshire Hathaway.
Saving, Spending, Investing, Giving isn't so much an investment book as it is a heartfelt financial intervention.
Like some long-lost kindly uncle, Daniel Pecaut has taken it upon himself to reveal to you one of life's biggest secrets: How money works, and how you can quickly start using it to your advantage.
Hidden within these pages is three generations of clear-sighted investment expertise (which began when Daniel's grandfather started making strides in the stock market in 1925).
Today, Daniel's message is clear: Optimize your thinking around money, and you can optimize your choices. Optimize your choices, and you optimize your life.
Saving, Spending, Investing, Giving is a book for anyone looking to control their financial life. But it's specifically the book for you if you want to:
- Absorb the key concepts around money in an hour or two, and then use simple action steps to make sure your new strategies are operational the very next day.
- Work towards becoming a competent value investor, business analyst, or entrepreneurial investor capable of protecting and growing your money over time.
- Apply proper money management to work towards getting out of debt, gaining control of your life, building positive wealth, and pursuing a larger vision of your future.
Written for Daniel's children, the roadmap is simple to understand, fast to apply, and more than capable of guiding you towards a positive financial future.
Saving, Spending, Investing, Giving isn't so much an investment book as it is a heartfelt financial intervention.
Like some long-lost kindly uncle, Daniel Pecaut has taken it upon himself to reveal to you one of life's biggest secrets: How money works, and how you can quickly start using it to your advantage.
Hidden within these pages is three generations of clear-sighted investment expertise (which began when Daniel's grandfather started making strides in the stock market in 1925).
Today, Daniel's message is clear: Optimize your thinking around money, and you can optimize your choices. Optimize your choices, and you optimize your life.
Saving, Spending, Investing, Giving is a book for anyone looking to control their financial life. But it's specifically the book for you if you want to:
- Absorb the key concepts around money in an hour or two, and then use simple action steps to make sure your new strategies are operational the very next day.
- Work towards becoming a competent value investor, business analyst, or entrepreneurial investor capable of protecting and growing your money over time.
- Apply proper money management to work towards getting out of debt, gaining control of your life, building positive wealth, and pursuing a larger vision of your future.
Written for Daniel's children, the roadmap is simple to understand, fast to apply, and more than capable of guiding you towards a positive financial future.
- GenresNonfictionFinance
198 pages, Kindle Edition
Published July 1, 2018
90 people are currently reading
348 people want to read
About the author
Daniel Pecaut
4 books83 followersDaniel Pecaut is a Harvard graduate whose insights have been featured in the New York Times, Money Magazine, Outstanding Investor Digest, and the Omaha-World Herald.
He has worked in investing for 30+ years and is Chairman and Chief Investment Officer of a successful investment firm, Pecaut & Company.
He has worked in investing for 30+ years and is Chairman and Chief Investment Officer of a successful investment firm, Pecaut & Company.
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Displaying 1 - 23 of 23 reviews
June 18, 2018
In Save, Spend, Invest, Give, Daniel Pecaut shares his expertise on personal finance as the CEO of an investment firm for over 30 years. Pecaut is a value investor inspired by value gurus like Warren Buffett and John Templeton. However, this is not so much a value investing guide as it is an inspirational personal finance guide.
The book is divided into three parts. Book 1 talks about money as a tool, the empowerment that comes from saving and investing, opportunity cost, compound interest, and other big personal finance concepts. Book 2 talks about maximizing returns through a value investing approach. Book 3 is an inspirational story of Pecaut's experience giving through financial donations and personal involvement in non-profit organizations.
This is not really a how-to book. It does not explain how to write a good budget or do discounted cash flow analysis. Pecaut looks at the big picture and motivates readers to budget, save, avoid debt, keep a value mindset, and give back. This quick read can be inspirational and motivational to anyone who wants to manage their money in the most effective way possible.
The book is divided into three parts. Book 1 talks about money as a tool, the empowerment that comes from saving and investing, opportunity cost, compound interest, and other big personal finance concepts. Book 2 talks about maximizing returns through a value investing approach. Book 3 is an inspirational story of Pecaut's experience giving through financial donations and personal involvement in non-profit organizations.
This is not really a how-to book. It does not explain how to write a good budget or do discounted cash flow analysis. Pecaut looks at the big picture and motivates readers to budget, save, avoid debt, keep a value mindset, and give back. This quick read can be inspirational and motivational to anyone who wants to manage their money in the most effective way possible.
May 21, 2018
This is the fourth book I've read on investing, and it's one I wish I'd found years ago. It's simple and straightforward, written in a conversational way, containing anecdotes about author's own experience with investing. It's broken into three parts, part one discusses the basics of saving and investing, part two goes into investing in more depth, and part three extols the virtues of giving. Each section ends in a detailed summary.
I thought part two was especially enlightening. Even though I have no intention of actively investing, it made interesting and informative reading. It was a good overview on how active managers operate and how they calculate the value of a stock. Out of the four books on personal finance I've read, two have touched on the value of giving away a portion of your earnings. Some people who read this may wonder how it's possible to save 10%, much less give 10% away, but the author makes a compelling case. I'd recommend this book for beginner investors looking for a book that covers all the basics.
I thought part two was especially enlightening. Even though I have no intention of actively investing, it made interesting and informative reading. It was a good overview on how active managers operate and how they calculate the value of a stock. Out of the four books on personal finance I've read, two have touched on the value of giving away a portion of your earnings. Some people who read this may wonder how it's possible to save 10%, much less give 10% away, but the author makes a compelling case. I'd recommend this book for beginner investors looking for a book that covers all the basics.
May 11, 2018
‘Saving isn't about the money. It’s about building a future.’
Author/investment expert Daniel Pecaut, a Harvard graduate, advises and comments on investments in the New York Times, Money Magazine, Grant's Interest Rate Observer, Outstanding Investor Digest, and the Omaha-World Herald. Having worked in investing for 30+ years he is CEO of the successful investment firm, Pecaut & Company. In this indispensible book for students (all ages but particularly those nascent enough to learn from the bottom up) who simply want to understand how money works and how that knowledge can work to our advantage.
Typical of Daniel’s caring attitude he offers the following Introduction – ‘At first, I bought the idea that not everyone could save. Making ends meet is tough. Maybe “buy now, pay later” was the only way to go for some people. After reflecting on this issue, though, I've realized that saving has little to do with money. It has far more to do with attitude, discipline, and a willingness to rewire the circuits. A former Peace Corps volunteer proved this to me when he told me this story: Some years ago, a family in India lived in conditions that, while destitute by our standards, were average for their neighborhood. They had a one-room shack that housed grandparents, parents, and five children. This Peace Corps volunteer noticed that the mother, as a mealtime tradition, would throw an extra handful of rice into the pot in case company came by for dinner. This was a beautiful gesture of hospitality and generosity. But company hardly ever came. The volunteer gently suggested that the mother save this extra handful of rice by throwing it into a bucket. Slowly, the bucket filled, and when it reached the brim, he took her to the marketplace and helped her sell the rice. This empowered mother decided she could get by with less if it meant a better future. With this discipline came empowerment. It offered her family hope and opportunity. When he visited a few years later, not only was this family continuing to save, they had taught their neighbors to save. They had founded a food cooperative. Each month, a member of the cooperative went to the big city and bought bulk quantities at wholesale prices for the group…. I wrote this book for several reasons. One was a desire to summarize a life’s worth of learning in my chosen field. I feel blessed to have had such great teachers, lessons, and opportunities come my way and want to pass it along. In particular, I’d like to pass these insights along to the next generation, as it is today’s 20- and 30-somethings that will be making the most important capital allocation decisions in the decades to come. This book is a legacy to my children and my children’s generation. I would like to improve financial literacy in the world. If people had the basic understanding of money and how money works shared in this book, I believe civil society would operate at a more informed and effective level. It still surprises me that the citizens of America, the cradle of capitalism, are so significantly under-educated as to how money and finance actually work. This book is a small attempt to do my part to improve financial literacy. I also wrote this book to share a mindset that sees life as a learning laboratory. This has been an enormously helpful worldview for me. Everything that happens can carry a lesson within it. Seen this way, money is a fantastic teaching tool. As you use it in different ways (save, invest, spend, give), you will learn different life lessons. Learn the lessons and overtime, you will develop better and better decision-making processes which will optimize your life’s choices. Optimize your choices, optimize your life. (In Book Three, for example, I share how integrating head and heart with an investment mindset can bring outsized impacts in giving.) In addition, I want to help you solve (or at least deal with) the complexity inherent in the world of money and finance.
Daniel divides his subject into three sections – Building a Solid Foundation for Wealth, Maximizing Returns: Thinking like an Entrepreneurial Investor, and Head & Heart: Giving with business Mindset. Rarely has a book on finances been written with such depth of knowledge yet with such a degree of compassion as this. This is a book that makes for learning how money functions in words that are easily comprehended. Of significance, ‘100% of the profits from this book will go toward healing the wounds of genocide by contributing to the All Nations Training Center at the Pine Ridge Reservation. Highly recommended reading.
Author/investment expert Daniel Pecaut, a Harvard graduate, advises and comments on investments in the New York Times, Money Magazine, Grant's Interest Rate Observer, Outstanding Investor Digest, and the Omaha-World Herald. Having worked in investing for 30+ years he is CEO of the successful investment firm, Pecaut & Company. In this indispensible book for students (all ages but particularly those nascent enough to learn from the bottom up) who simply want to understand how money works and how that knowledge can work to our advantage.
Typical of Daniel’s caring attitude he offers the following Introduction – ‘At first, I bought the idea that not everyone could save. Making ends meet is tough. Maybe “buy now, pay later” was the only way to go for some people. After reflecting on this issue, though, I've realized that saving has little to do with money. It has far more to do with attitude, discipline, and a willingness to rewire the circuits. A former Peace Corps volunteer proved this to me when he told me this story: Some years ago, a family in India lived in conditions that, while destitute by our standards, were average for their neighborhood. They had a one-room shack that housed grandparents, parents, and five children. This Peace Corps volunteer noticed that the mother, as a mealtime tradition, would throw an extra handful of rice into the pot in case company came by for dinner. This was a beautiful gesture of hospitality and generosity. But company hardly ever came. The volunteer gently suggested that the mother save this extra handful of rice by throwing it into a bucket. Slowly, the bucket filled, and when it reached the brim, he took her to the marketplace and helped her sell the rice. This empowered mother decided she could get by with less if it meant a better future. With this discipline came empowerment. It offered her family hope and opportunity. When he visited a few years later, not only was this family continuing to save, they had taught their neighbors to save. They had founded a food cooperative. Each month, a member of the cooperative went to the big city and bought bulk quantities at wholesale prices for the group…. I wrote this book for several reasons. One was a desire to summarize a life’s worth of learning in my chosen field. I feel blessed to have had such great teachers, lessons, and opportunities come my way and want to pass it along. In particular, I’d like to pass these insights along to the next generation, as it is today’s 20- and 30-somethings that will be making the most important capital allocation decisions in the decades to come. This book is a legacy to my children and my children’s generation. I would like to improve financial literacy in the world. If people had the basic understanding of money and how money works shared in this book, I believe civil society would operate at a more informed and effective level. It still surprises me that the citizens of America, the cradle of capitalism, are so significantly under-educated as to how money and finance actually work. This book is a small attempt to do my part to improve financial literacy. I also wrote this book to share a mindset that sees life as a learning laboratory. This has been an enormously helpful worldview for me. Everything that happens can carry a lesson within it. Seen this way, money is a fantastic teaching tool. As you use it in different ways (save, invest, spend, give), you will learn different life lessons. Learn the lessons and overtime, you will develop better and better decision-making processes which will optimize your life’s choices. Optimize your choices, optimize your life. (In Book Three, for example, I share how integrating head and heart with an investment mindset can bring outsized impacts in giving.) In addition, I want to help you solve (or at least deal with) the complexity inherent in the world of money and finance.
Daniel divides his subject into three sections – Building a Solid Foundation for Wealth, Maximizing Returns: Thinking like an Entrepreneurial Investor, and Head & Heart: Giving with business Mindset. Rarely has a book on finances been written with such depth of knowledge yet with such a degree of compassion as this. This is a book that makes for learning how money functions in words that are easily comprehended. Of significance, ‘100% of the profits from this book will go toward healing the wounds of genocide by contributing to the All Nations Training Center at the Pine Ridge Reservation. Highly recommended reading.
November 4, 2018
This is a great introductory book on how to allocate one's financial resources. It is filled with many nuggets of wisdom and is entirely practical and practicable advice. I found it a tad wanting in some areas, such as in-depth investment philosophy, and a tad overindulgent in other areas, such as getting into the specifics of a charity/organization's history. Overall, I definitely recommend this book to someone looking to build a philosophy on managing their financial resources.
July 22, 2018
Good for general basics.
To preface I received this book free with the promise of a review.
I think the ideas in this book sound. However, it gave little of the practical advise I personally need. I was never taught money. I was raised by a single mother who believed “I can’t be out of money I still have checks”. If my mother had a dime she spent fifteen cents. As I grew older, and began my adult life, it was a struggle to keep the lights on. I was focused on today, I had no time or money for tomorrow. Now tomorrow is here and I am in a little better place. I realize that time is short and I have to do something for the future, but I still don’t know how.
I was hoping Mr. Pecaut’s book would help with that. As I stated earlier, he gave broad strokes, without practical(for me) detail.
I need to know how to chose investments, I do not have the knowledge to know how to value a company. I need to know how to choose a broker. What should I look for? How do I find someone who will value my limited investment dollars the way I do? What is the minimum dollar amount I need to get a broker to talk to me? These are the things I need to know.
On a positive note, I loved the story of Mr. Pecaut’s work with the ManKind Project.
To preface I received this book free with the promise of a review.
I think the ideas in this book sound. However, it gave little of the practical advise I personally need. I was never taught money. I was raised by a single mother who believed “I can’t be out of money I still have checks”. If my mother had a dime she spent fifteen cents. As I grew older, and began my adult life, it was a struggle to keep the lights on. I was focused on today, I had no time or money for tomorrow. Now tomorrow is here and I am in a little better place. I realize that time is short and I have to do something for the future, but I still don’t know how.
I was hoping Mr. Pecaut’s book would help with that. As I stated earlier, he gave broad strokes, without practical(for me) detail.
I need to know how to chose investments, I do not have the knowledge to know how to value a company. I need to know how to choose a broker. What should I look for? How do I find someone who will value my limited investment dollars the way I do? What is the minimum dollar amount I need to get a broker to talk to me? These are the things I need to know.
On a positive note, I loved the story of Mr. Pecaut’s work with the ManKind Project.
July 10, 2018
This book promises to help bridge the gap in explaining how wealth building works. I feel that Mr. Pecaut delivered on that promise and more by breaking the book into three mini books. By providing three subsections, Mr. Pecaut designed a book that is accessible to someone with little to no knowledge about the essentials of money, provided insight into Entrepreneurial Investing for the more advanced reader, and great insight into giving, which is applicable from the beginner to the most experienced wealth builder. I found this book to be practical and the examples easy to understand. I have already recommended this book to others and will continue to do so!
"Remember, money is just a tool. Drop all the emotional baggage you've attached to it. Practice diligently and consistently, and you will master it."
Pecaut, Daniel. Saving, Spending, Investing, Giving: A Veteran Investment Advisor Reflects on Money (p. 61). Daniel Pecaut. Kindle Edition.
"Remember, money is just a tool. Drop all the emotional baggage you've attached to it. Practice diligently and consistently, and you will master it."
Pecaut, Daniel. Saving, Spending, Investing, Giving: A Veteran Investment Advisor Reflects on Money (p. 61). Daniel Pecaut. Kindle Edition.
June 14, 2018
A short but very complete guide with a lot ideas about investment from two different points of view; amateur and profesional. It also includes an entire chapter with the author's personal experiences with giving.
May 19, 2018
I highly recommend this book, regardless of where you are on your success journey. Every investor will find this book extremely interesting and illuminating. This book will give you strategies to create financial freedom for yourself and your family.
December 17, 2018
I won this book in a Goodreads giveaway.
I decided to read this book in an attempt to jump the investment wagon and understand how to invest in stocks, bonds and ETFs. My primary drive is my pension fund that is not performing too well, so I am eager to learn more in order to understand how I can achieve good profits there and minimize my risks of losing money. Learning how to efficiently save was my second goal, as I'm not particularly sure which way of saving maximizes your profit in the long run.
This is not a badly written book in general. It offers a lot of good (though very basic) insights to help you grasp the ideas of saving and investing and actually begin to think about implementing it in your own life.
However, you don't need a very experienced financial adviser to tell you the things this book is about. They are really obvious to any sensible person who has a good understanding of school level math. For people who want to pave their way into stock/bond investment beyond the idea "buy when cheap, sell when high", this is not the book to do so. It concentrates on very simple ideas, devoting tens of pages to it, yet sometimes some specific word or concept that belongs to the world of expert investing is mentioned sideways, and it's not explained at all. Occurrences like this make me wonder who's the target audience for this book; whoever it is, it's not me.
The third part of the book is interesting and profound in itself, but really is not completely related to the content of the previous two chapters, and could've easily be made into a book of its own. This is yet another discrepancy that makes the whole reading experience slightly awkward. I feel like better composition and more serious and in-depth information on the actual investment with examples could improve the book a lot, but so far I found it not to be particularly useful, as I'm left with the same unanswered questions I started with after reading this book.
I decided to read this book in an attempt to jump the investment wagon and understand how to invest in stocks, bonds and ETFs. My primary drive is my pension fund that is not performing too well, so I am eager to learn more in order to understand how I can achieve good profits there and minimize my risks of losing money. Learning how to efficiently save was my second goal, as I'm not particularly sure which way of saving maximizes your profit in the long run.
This is not a badly written book in general. It offers a lot of good (though very basic) insights to help you grasp the ideas of saving and investing and actually begin to think about implementing it in your own life.
However, you don't need a very experienced financial adviser to tell you the things this book is about. They are really obvious to any sensible person who has a good understanding of school level math. For people who want to pave their way into stock/bond investment beyond the idea "buy when cheap, sell when high", this is not the book to do so. It concentrates on very simple ideas, devoting tens of pages to it, yet sometimes some specific word or concept that belongs to the world of expert investing is mentioned sideways, and it's not explained at all. Occurrences like this make me wonder who's the target audience for this book; whoever it is, it's not me.
The third part of the book is interesting and profound in itself, but really is not completely related to the content of the previous two chapters, and could've easily be made into a book of its own. This is yet another discrepancy that makes the whole reading experience slightly awkward. I feel like better composition and more serious and in-depth information on the actual investment with examples could improve the book a lot, but so far I found it not to be particularly useful, as I'm left with the same unanswered questions I started with after reading this book.
May 29, 2018
Recieved a free copy for review purposes. I enjoyed Mr. Pecaut’s prior book on Berkshire Hathaway shareholder meetings as a relatively new entrant into a crowded space. This book is a less distinctive entrant into another crowded space: personal finance.
Aside from a few interesting personal reflections and case studies, the material is largely well trod by prior books. The section on giving was moving and inspirational in parts.
Some errors in the “technical” sections bothered me as well...when is return on equity a measure of return on capital? Would seem to assume bonds don’t exist as capital. Also, the section discussing the appeal of Wells Fargo as a great business because customers have gone from 4 to 5 accounts/loans to 6 or 7 is surprisingly tone deaf to recent disgusting Wells Fargo up-selling business practices that made even Munger and Buffett cringe.
For someone who has never read an investment book, there is substantial value here. For those with industry experience, there isn’t as much value as I was hoping for. One benefit that improves my disposition to this book is that all proceeds will be going to charity, so if nothing else I hope this book reaches many people who will genuinely benefit from its contents.
Aside from a few interesting personal reflections and case studies, the material is largely well trod by prior books. The section on giving was moving and inspirational in parts.
Some errors in the “technical” sections bothered me as well...when is return on equity a measure of return on capital? Would seem to assume bonds don’t exist as capital. Also, the section discussing the appeal of Wells Fargo as a great business because customers have gone from 4 to 5 accounts/loans to 6 or 7 is surprisingly tone deaf to recent disgusting Wells Fargo up-selling business practices that made even Munger and Buffett cringe.
For someone who has never read an investment book, there is substantial value here. For those with industry experience, there isn’t as much value as I was hoping for. One benefit that improves my disposition to this book is that all proceeds will be going to charity, so if nothing else I hope this book reaches many people who will genuinely benefit from its contents.
August 22, 2018
I received this book as part of a First Reads promotion.
I really expected this book to be so much more than it was. That may have been my fault for not reading into the description before diving into the book, but I feel that the framework is there for a truly great book on saving, investing, and giving.
I was hoping for more advice on how to evaluate companies to determine if you should purchase stock or not. All that was detailed was something along the lines of "if it's a good value, buy it, and if it's overpriced, sell it." The entire middle portion of the book can be boiled down to that small bit.
The first and third parts of the book also contradict themselves in that the author suggests donating 10% of all that you make to others. This is definitely a noble cause, but in the first part of the book, the author suggests that a family who puts extra rice on for guests to stop doing that and save it instead. I would think that this act of generosity would be looked upon highly and encouraged.
Overall I feel that this book could have been put in a series of 10-12 blog posts and gotten the same information out to many more people who are interested.
I really expected this book to be so much more than it was. That may have been my fault for not reading into the description before diving into the book, but I feel that the framework is there for a truly great book on saving, investing, and giving.
I was hoping for more advice on how to evaluate companies to determine if you should purchase stock or not. All that was detailed was something along the lines of "if it's a good value, buy it, and if it's overpriced, sell it." The entire middle portion of the book can be boiled down to that small bit.
The first and third parts of the book also contradict themselves in that the author suggests donating 10% of all that you make to others. This is definitely a noble cause, but in the first part of the book, the author suggests that a family who puts extra rice on for guests to stop doing that and save it instead. I would think that this act of generosity would be looked upon highly and encouraged.
Overall I feel that this book could have been put in a series of 10-12 blog posts and gotten the same information out to many more people who are interested.
June 16, 2018
Received book free for review. The chapters are referred to as books. Book 1 was interesting to me and kept me turning the pages. I was interested in the mathematical concepts and compound interest. I thought focus on opportunity cost was important. I disagree about the generality that debt should be avoided and think that leverage can help at low rates. By book 2, I was looking forward to specific examples of how to implement the value investing strategy. Unfortunately, those didn’t come! It was more general ideas and not enough specifics. Book 3 was all about the author’s giving with foundation being tithing (giving away 10%). I was bored and found myself skipping until the end. I was interested in portion about Pine Ridge reservation but that’s likely because of my own personal ties.
November 17, 2018
This was a GoodReads giveaway of a Kindle ebook. I don't always find ebooks to be the best of reads.
Perhaps I have read too many personal finance books. I did not find much inspiration for me in the first 2/3 of the book. But for the beginner investor, it will be a good and simple way to start you thinking about how to approach an investment plan.
I was surprised by part 3 of this book. Perhaps I am just at that right time of my life. I will have to explore the "Giving" portion of my investments more closely. This book does give me reason to pause and reflect upon where I need to go from here. I am glad I read this book.
Have a GoodReads.
Perhaps I have read too many personal finance books. I did not find much inspiration for me in the first 2/3 of the book. But for the beginner investor, it will be a good and simple way to start you thinking about how to approach an investment plan.
I was surprised by part 3 of this book. Perhaps I am just at that right time of my life. I will have to explore the "Giving" portion of my investments more closely. This book does give me reason to pause and reflect upon where I need to go from here. I am glad I read this book.
Have a GoodReads.
December 25, 2018
Received the book for free through Goodreads First Reads.
I rated this book 1 star not because it is poorly written or boring, but because its purpose does not its title. I learn very little about how to save and even less on how to invest. This book contains no new ideas in money-->, therefore, it's a book not necessary to be written/published. The last part of the book was just like a list of all the good deeds certain companies have done, which was extremely boring and not related to why an individual should give.
I am sorry but I was looking for financial advise on how to increase my knowledge of investing and saving and I did not find it in this book.
I rated this book 1 star not because it is poorly written or boring, but because its purpose does not its title. I learn very little about how to save and even less on how to invest. This book contains no new ideas in money-->, therefore, it's a book not necessary to be written/published. The last part of the book was just like a list of all the good deeds certain companies have done, which was extremely boring and not related to why an individual should give.
I am sorry but I was looking for financial advise on how to increase my knowledge of investing and saving and I did not find it in this book.
August 11, 2018
While more philosophical than technical, this book is a great tool for anybody who is interested in personal wealth building. Even though the author aims this book for those who are just starting or are interested in investing, those who are veterans will still benefit from reading this. I especially appreciated the author going over one of the most overlooked aspects of wealth building; giving. Knowing why giving is so important will make for a far more enriched and happy investor. I encourage everybody who has even the slightest interest in money management to read this.
March 23, 2023
There are a few things to consider before looking at the 80/20 retirement rule. First, you need to make sure that you're comfortable with the level of risk involved in the higher-risk investment. You also need to make sure that you're investing the 20% in a way that makes sense for your overall. This is where fee-only registered investment advisor can help https://interactive-wealth.com/servic... .
July 24, 2018
Great advice
August 8, 2018
Good information.
Well written and informative. Makes a lot of sense and really gives you the tools needed to manage your money.
Well written and informative. Makes a lot of sense and really gives you the tools needed to manage your money.
August 27, 2018
A quick read. Gives some basic guidance for the beginner, and then some thoughts about developing a personal philosophy.
December 16, 2018
Interesting read
If you want to save \ invest and need some guidance this is a great book to start with. Easy read, that you can get through quickly and has clear, practical advice.
If you want to save \ invest and need some guidance this is a great book to start with. Easy read, that you can get through quickly and has clear, practical advice.
May 22, 2022
Loved it
Clear explanation and a set (but with enough leeway) path. Reading it is well invested time. There’s no way to beat experience.
Clear explanation and a set (but with enough leeway) path. Reading it is well invested time. There’s no way to beat experience.
January 22, 2020
This has been a very thoughtful and sincere expression of the authors experience and lessons he learned along the way. I greatly appreciate how genuine he is and his ability to share how important values for him (such as giving) was something that was learned and how it evolved over time. I also appreciate that the book was divided into 3 different parts to help differentiate the elements to focus on. I feel this is a book if I were to read again, I would be able to better understand concepts of investing that I still haven’t grasped yet! So much to learn and I’m grateful for the sharing of knowledge and wisdom.
July 10, 2019
I enjoyed this book. I value Pecaut’s background and perspective as a financial advisor, philanthropist and investor. This book, with its short chapters, was easy to read a little at a time. Reading his perspectives in this book felt like sitting around a campfire sharing stories and lessons learned from a wise friend. Well done, Mr. Pecaut!
Displaying 1 - 23 of 23 reviews