This audiobook is worth listening to in order to grasp a realization of how you can save for your retirement and have a seven figure portfolio, no matter what age you start investing. It gives you a nice breakdown of the differences between risks associated with stocks, bonds, mututal finds and savings accounts. He gives practice advise on blue-chip stocks to invest in. Worth listening to.
I think this book is great, it doesn't go too much into detail, talks about the common person who works hard and is serious about saving for his/her future. I'd say a lot of the advice is common sense, if you have very little background in money management, this book will be very good. Otherwise, for those who are a little bit more knowledgeable about financial security, it is a good review.
It bumbles along with out much excitement, although I listened t it in one sitting. Worth a listen if you just suck at stock investing and need some basic pointers (as I did).
I liked this book a lot. It is not a get rich quick scheme. Riches is a slow and methodical process. Charles confirmed everything we believed in. A good book for younger people. I recommend it. Not too late for older people either!
In short, I found the first 3 discs slow and laborious... basic stuff, yadah yadah yadah...
Then late in disc 3 (early disc 4) I was struck by lightening. Suddenly I had one of those "Ahah!" moments... what an IDIOT I've been investing... newsletters, "tips", Broker recommendations... had I simply done what Carlson recommends (and I went back and did a "what if" analysis), my retirement would be TWICE as big today... and with less risk.
It's not about picking Winners... It's avoiding the Losers.
I have my own personal mutal fund of losers... gosh I wish I'da heard this back in 2000.
I wish I would have had this book when I was young. It gives practical advice and examples which will help the average person get started and stay motivated to invest in their future. It is easy to listen to and easy to understand. His examples are from everyday people and doesn't discourage anyone - regardless of circumstances. I'm glad I rented this one.
Excellent for anyone who wants to start investing. Not a get rich plan, but a soild investment tool that is time proven.
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