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A Message from Nancy Margolis, Senior Editorial Director
of MsMoney.com:
After 10 years in the book business, I still feel about
books the way I did as a 12-year-old, whiling away the
hours, lost in the pages of a cherished novel. Books
were captivating because they had the power to convey
me to a world where my mind was stretched, provoked,
and entertained and where I felt anything was possible
and learning was infinite. As an editor, I have become
a more discriminating reader, but my criteria for what
makes a truly great book haven’t changed--the best
authors are those who share their knowledge in a way
that stimulates readers and makes them aware of their
limitless capacity for learning and discovery.
Each week in Editor’s Pick, I will introduce
you to a book that meets these criteria--a book to jump-start
or extend your financial education and put you one step
further on your path to financial health and independence.
Happy reading, and please feel free to contact me at
editor@msmoney.com.
Money for Life: The 20 Factor Plan for Accumulating
Wealth While You're Young
By Robert Sheard
 Anyone
who's waiting around for retirement--and the proverbial gold
watch--has got it all wrong according to Robert Sheard, bestselling
author of The Unemotional Investor and the just published
Money for Life. Workers today change jobs and careers
constantly, can't rely on their employers for long-term support,
and shouldn't put their faith in the Social Security system.
With this uncertainty, however, comes the opportunity to use
it to our advantage--if we know how.
Sheard, an investment advisor and former columnist for The
Motley Fool, rejects the model that most financial planning
books promote--the traditional retirement scenario. He argues
against waiting until retirement to start enjoying life and
advocates financial freedom instead. And he has the experience
and advice--and financial fervor--to get you there.
"The state of America's personal finances is deplorable,"
he writes, "and the only way to wake up to some of the problems
is to be smacked in the face by them a few times. We'll need
to trample on the toes of some cherished beliefs you no doubt
hold as unassailable before we can start over with new definitions,
new methods, and new goals."
Sheard boldly tears down what he perceives as misconceptions
about money, investing, and risk; showing, for example, why
bonds are not "safe," why mutual funds are inadequate, why
diversification is overrated, and why pre-tax savings is not
necessarily a good idea. His approach for meeting financial
goals is straightforward: long-term investment in the stock
market. Sheard's advice is clear and unambiguous, and his
principles are easy to understand and implement. In commonsense
language, Money for Life:
- Shows you why financial independence has nothing to do
with age.
- Gives you a simple formula (called "The 20 Factor") to
define your financial freedom target.
- Teaches you how and when to save and how to invest those
savings to reach your target as quickly as possible.
- Shows you, once you've arrived, how to stay financially
independent indefinitely.
Does financial independence start at 65? It doesn't have
to if you decide to plan and prepare properly to have
Money for Life.
Read more and buy a copy today!
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