Review: Straightforward, Easy to Understand Finance Advice
Rating: 5 out of 5
Date: 08 10, 2013
"Sources of Wealth" is an easy to understand yet fairly in-depth look at how to grow wealth, rather than struggling from paycheck to paycheck. The author starts with encouragement, pointing out how anyone can manage to save and invest--he even uses modern-day examples of those who have done so. The text then goes into how exactly to start the process, covering everything from learning the "rules" about money to the different types of investments to assessing and management risk.What I liked about this book is that the advice builds upon itself, so at the end you're left with a confidence that you yourself could certainly improve your financial situation to one of comfort. For instance, you learn about different types of assets before you learn investment strategies and risk management. Interspersed throughout the chapters are examples pertaining to the chapter's topics, and explanations of how exactly how things work.If you're not incredibly financially savvy but want to get on the right track, "Sources of Wealth" is a good start. The tone is conversational, and the author seems really invested in helping the reader (without selling the reader anything in the process, which is a problem with a lot of the financial planning books out there). Recommended to those who are ready to get their financial houses in order by smartly investing or even starting their own business.