Money for Life: The 20 Factor Plan for Accumulating Wealth While You're Young

Money for Life is an outstanding book for those who wish to achieve financial independence by living indefinitely off investment gains. A basic stock market investment plan is outlined in addition to sound financial tips relating to IRAs, insurance, wills and debt management. Although the concepts of "paying yourself first," setting aside 10% of your pre-tax income and engaging in mechanical, unemotional stock market investing to beat the S & P 500 are not entirely new, this book presents them in an entertaining, fresh, new (and unbiased) light. It has motivated me to reexamine my own finances and plan for a future free from monetary worry.

Sheard's explanations of how to think about savings are dead-on, and everyone could benefit from a more thoughtful approach to savings. For this reason alone, the book is worth buying. His preferred investment strategy is essentially an old-school value-investing approach, which is certainly viable but not clearly better than index investing, as Sheard claims. So buy it, read it, and take the discussion of savings goals to heart, but consider other investment strategies.

Finally. Someone in the financial industry who makes some sense. As someone with sizeable assets, I am constantly bombarded by full service financial firms trying to get their commission grabbing claws into my nestegg. Annuities, mutual funds, UITs, REITs, etc. It all get so confusing. I have always been leary of the "diversification" they preach, which can usually be translated "let me rack up my big commissions and leave you with lousy performance". Mr. Sheard outlines a brilliantly simple plan for providing an income stream for the rest of one's life. Occam himself would be proud of this work.

I love this book!!! Just last week I saw a boat just like the one on the cover and said to myself "how sweet would that situation be?" I can see the light at the end of the tunnel now that I've read the book because I now see how I can retire much earlier...45 instead of 60...if I want to. Bravo Mr. Sheard!

i bought this for my grandparents from some other bookstore, and they just simply loved it, included all the retirement stuff and they said it's complete, and I think this is a pretty good deal for a book like this.