Jumat, 15 April 2011

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From Ramen to Riches: Building Wealth in Your 20s: Or Spending, Saving, Investing and Managing Your Money to Get Rich Slowly, but Surely

From Ramen to Riches: Building Wealth in Your 20s: Or Spending, Saving, Investing and Managing Your Money to Get Rich Slowly, but Surely



From Ramen to Riches: Building Wealth in Your 20s: Or Spending, Saving, Investing and Managing Your Money to Get Rich Slowly, but Surely

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From Ramen to Riches: Building Wealth in Your 20s: Or Spending, Saving, Investing and Managing Your Money to Get Rich Slowly, but Surely

"You mean to tell me you've been employed as a software engineer for five years and your net worth is $500?" These are not the words you want to hear from your mortgage banker when you're looking to borrow a large sum of money. Despite a well-paying job, the author had managed to spend everything he had earned in the five years after college. The meeting with the mortgage officer was his financial epiphany. He finally got serious about managing and investing his money. Now in his early 50s, the author is debt free and has built a retirement portfolio that will comfortably sustain him and his wife in the coming years. This book will help people avoid the financial mistakes the author made the first few years after college. In a breezy, humorous, and conversational style, it describes a common-sense approach to spending, saving, investing, and managing your money to build wealth over time. If you are looking to get a grip on managing your money, From Ramen to Riches is for you!
Silver medal winner in the 2011 Living Now Book Awards. Finalist in the 2011 Next Generation Indie Book Awards.

  • Sales Rank: #95912 in Books
  • Published on: 2010-10-06
  • Original language: English
  • Number of items: 1
  • Dimensions: 9.00" h x .47" w x 6.00" l, .63 pounds
  • Binding: Paperback
  • 208 pages

Review
"From Ramen to Riches: Building Wealth in Your 20s is a guide to ceasing to struggle through the prime of one's life, and improving the management of one's finances... From Ramen to Riches is a must for anyone who is already sick of ramen at 21." -- The Midwest Book Review.

About the Author
The oldest of nine children, award-winning author Jim Wood is a natural coach and mentor. His mission is to share his passion for personal finance by increasing financial literacy, especially for those aged 18 to 30 who can most benefit from this knowledge. Wood has appeared on numerous local and national media programs, including PBS televisions's "The Nightly Business Report." Jim retired from his corporate job at age 47 after 25 years in high tech. He held positions as a software engineer, information technology manager, and business strategy manager. He earned a B.A. in Psychology with Distinction from Boston University. He also holds an M.S. in Engineering Management from Stanford University. Jim lives in San Diego, California with his wife and son.

Most helpful customer reviews

26 of 29 people found the following review helpful.
Ramen no more!
By Robert Strauss
As someone who ate a lot of ramen in his 20s and 30s (while reading lots of money management and personal finance books and not applying what they suggested), I can say from personal experience that Jim Wood's book captures and effectively conveys what young people need to know about building wealth.

Wood combines solid, time-tested advice with an engaging style and personal anecdotes in an easy-to-read book. With the US economy stuck in the doldrums, the sooner anyone applies Wood's suggestions the better. Particularly useful are Wood's many ideas about how to find and use money that leaks out of pockets or is already lost in the couch. Few of them imply any significant lifestyle changes but all add up to big bucks over time. It's the kind of trade-off that everyone can afford. Wood's formula really boils down to "add a little discipline and watch your piggy bank fatten up." "From Ramen to Riches" would have been a lot more useful to me when I was in business school than most of the over-written, over-priced text books we were required to read.

31 of 36 people found the following review helpful.
Everyone needs to read this book
By P. OSullivan
I was skeptical that I would learn much from this book. I have a degree in economics and an MBA. I have invested conservatively over my lifetime and expected no surprises. Boy was I surprised.

There are three reasons to buy this book.
1. It is very readable. Because it is plain-written, non-financial readers will find this a very easy read. No big words or formulas, just straight talk.
2. The breadth of the topic. Woods gives you "The Big Picture" and then does a marvelous job of drilling down to how to buy a car, a house, invest, and manage your finances including credit cards.
3. Clarity of explanations. He provides powerful models that help you understand the concepts and the power of your decisions.

Finally, this book is not just for those of us who have money to invest - it is really for everyone including folks on a very small income trying to stretch every penny.

15 of 16 people found the following review helpful.
A tasty dish of well-seasoned advice...
By katherine willey
Saving $10 -- good. Spending $9.95 to buy this book -- better! As a senior banking officer, I have a pretty good concept of most things financial. However, when talking to young people about personal finance, including the two growing up in my house, I find myself either... A. At a loss for words, or, B. Putting out way too many words, and quickly losing my audience. Wood's book is genius. Complex concepts are made remarkably simple; the valuable lessons are cloaked in enough humor that they don't go down like lessons at all. Our family's gift closet is stocked with this book. Every high school and college graduate we care about will receive Wood's book. From Ramen to Riches is going to put a lot of people on the path to bright financial futures.

See all 44 customer reviews...

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