How much information can you pack into 140 pages?
Better yet, how much will actually stick with you after reading?
If we’re talking history books, I’m already lost – but if we’re talking That Thing Rich People Do, you’re in for a worthwhile read. Finishing over half the book in one sitting, there’s a lot of useful information jam-packed into this tiny publication.
Like Enjoy Your Money, the use of vernacular actually enhances the book – making it extremely readable. Example: The first sentence of the book is a quote by Liz Lemon from the show 30 Rock.
Starting off with a general explanation of monetary terms and calculations, the book eventually gets into very specific, important, and often researched terms like: diversification, expense ratio, 529 accounts, fee-only adviser, & capital gains. The subsequent sections give the reader enough information to wet their investing whistle without glossy over the details or particulars.
The literary style is pointed & logical. Phrases like “we leap into debt, but crawl out” will stick to you like superglue. Best part about the book? Ending with a “Closing Words” section. Everything crammed into these 140 pages is condensed even further into a measly 4 pages.
I’ll give you a little reading tip.
If you ever want to see if the book will be a good read, check out the last chapter. If you like how they sum up their work, go back and start from the beginning.
So where did the idea for the book come from anyway? Graduating from Harvard Law School, Kaye A. Thomas was set to be ahead of the curve. Except for one thing – he knew nothing about investing.
“Like most people,” he said, “I finished my formal education without knowing even the basics of investing. Learning this subject was an interesting process, but a frustrating one. There are some great books out there, but also quite a lot of nonsense, and it isn’t always easy for a novice to know the difference.”
If you’re interested in learning more, you can check out the author’s interview or order directly Amazon.
GIVEAWAY DETAILS!
For our very first giveaway, we’re going to try something a little different.
Let’s call it the “Favorite Friend” giveaway.
Have all of your friends leave a comment or retweet the article.
When they add their note, make sure they mention your name.
Next Wednesday (7/14), we’ll tally up the votes and announce the winner. In honor of this new giveaway style, we’ll be throwing in a secret #SilverTweet prize!
**GIVEAWAY CLOSED** WINNER ROSHAWN @ WATSON INC
Popularity: 57% [?]
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It puzzles me how a Harvard Law School grad can be so “smart” and yet know nothing about investing.
I guess it just illustrates that there are different types of knowledge, and it reinforces my belief in learning about finances early on in life.
Darren´s last blog ..Why I Wanna Be A Millionaire- And What I’m Gonna Do About It
@ Darren:
Yup, definitely goes to show there are different types of knowledge. A big part of it is exposure. We can’t entirely fault the student, because they learn what the teachers and parents expose them to. So I’m sure there’s many, many more who went to prestigious schools but were never given a chance with finance.
RT @FinEngr Tweets & Peeps – Don't forget about the giveaway!! http://goo.gl/fb/3BC1I
@FinEngr Interesting concept for a giveaway. I’m announcing one next week, so I will be watching the response you get for this one.
Roshawn @ Watson Inc´s last blog ..The Phony Rich
@ Roshawn:
Thanks. Wanted to try something different, since most use the multiple entry approach. We’ll see how it turns out.
RT @FinEngr: That Thing Rich People Do PLUS GIVEAWAY http://bit.ly/cSofiu
RT @FinEngr: That Thing Rich People Do PLUS GIVEAWAY http://bit.ly/cSofiu
I already bought the book, but I hope I win so I give a copy to a family member. Kaye Thomas runs fairmark.com, the most helpful website for sophisticated tax advice that I’ve ever seen. The guy really knows tax.
@ AMTbuff:
Thanks for stopping by and commenting. Sounds like you enjoyed the book – glad to hear! Taxes are a beast of their own and something that I’m still on the lower-end of the learning curve.
@ Sarena:
Thanks for stopping by and commenting
Living debt-free can take a huge weight off your shoulders
@FinEngr – Thanks for the contest. I’m more than happy to win the book!
Roshawn @ Watson Inc´s last blog ..My Bday Giveaway- Yakezie Round up- and Uncommon Money News Vol 102