Financial Freedom on $5 a Day: A Step-By-Step Strategy for Small Investors (Self-Counsel Business)

I love this book. It is simple and straightforward. If you would have used this book in the past few years you would have done very well in your investing. Believe me I know. Who was talking about gold five years ago? This guy is the real deal with the pedigree to prove it and he shares his knowledge with the little guy. I picked his book up many years ago in a thrift store and I have been following it ever since. I wish he would print a new edition, I would like to here his opinion on ETFs and diversification.

Often we believe we must keep on waiting until we accumulate a large amount of coin before we can invest. However, Chuck dispells that notion and shows you can start with as little as $5 a day (or 150 dollars a month) and he emphasizes small consistent starts. Remember most successful people had to start somewhere, most people didn't inherit their wealth, you must earn it; Chuck shows you the tools. I suggest you read the book more than once, have work book and plan things. Perhaps, you should open a separate bank account so you can put the 150 per month that won't be touched, but make sure you have an emergency fund somewhere so you won't be tempted to dip into that investment fund.

I have read Financial Freedom and the Wealthy Barber in the last few weeks. Financial Freedom was great, straightforward, and focussed. Meant for the small investor, he assumes you are starting with no savings or knowledge of investing. The message is: for $5 a day and an hour per month you can retire very well.I was excited about saving when I finished this book. He explains why mutual funds are the vehicles of choice, gives detailed information on which funds to investigate further, including telephone numbers and addresses for companies in both the US and Canada.He also offers a few strategies to use with mutual funds to maximize returns in up and down markets. It was so good I have convinced my book club to read it for our next book.By the way, I am saving $5 a day. You will too.