Book review
Making Money made simple
By R. A. Stewart
MAKING MONEY MADE SIMPLE
Written by Noel Whittaker, “Making Money made simple,” is a very informative book on finance. It is a very practical guide which covers all types of investments.
In it Whittaker says people’s financial situation places them into one of three categories;
1-The Seriously challenged
2-Those who are reading water
3-Those needing direction
He describes the process of setting goals and taking action.
He also describes the rule of 72 which is to divide 72 into the annual rate of return. This will give you the number of years it will take to double your money.
He says the keys to prosperity, which are, 1. Spend less than you earn, 2. Take responsibility for your financial future up to and including retirement, 3. Avoid the traps that reduce your wealth, and 3. Get inertia working for you and not against you.
Also in the book Noel gives his thoughts about the various kinds of investments.
Other issues he talks about are Managed Funds, gold and silver, borrowing traps, buying a home, and gearing-speeding up the way to wealth.
As far as financial books go, this is up there with the best.