Retire Before Mom and Dad: The Simple Numbers Behind A Lifetime of Financial Freedom
$9.99
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“Clear, accurate, insightful. This might be the best introduction to financial freedom I’ve ever found.” -J.D. Roth, author and founder of GetRichSlowly.
Personal finance and investing don’t have to be complicated, intimidating or boring. Imagine having a guide to walk you through everything you need to chart a path to financial freedom. Forbes Deputy Editor Rob Berger has written your guide.
Find everything you need to get out of debt, control spending without painful budgets, manage multiple financial goals, and start investing for retirement. And yes, you’ll even learn how to retire early if FIRE (Financial Independence, Retire Early) is your goal.
Here are just a few of the topics covered:The Money Audit: Learn how to save money without sacrifice. This step-by-step plan walks you through how to reduce your spending without changing your lifestyle.FIRE Math: You’ll master the simple math behind early retirement. You’ll also be able to determine how your daily, weekly and monthly decisions affect your journey to financial independence.Simple Investing: The days of being intimidated by mutual funds or the stock market are over. This book provides everything you need to build a simple investment portfolio that you can actually understand.Retirement Accounts: From 401(k) and 403(b) accounts to a Roth IRA and HSA (Health Spending Account), you’ll learn how these accounts work. You’ll also get a simple plan you can follow to decide which accounts are best for you.Get Out of Debt: Debt doesn’t have to hold you back from your financial goals. The book walks through a simple way to pay off your debt in a sensible way while still saving, investing, and pursuing other financial goals.Life Experiments: Learn how your daily habits are affecting your finances and how you can master those habits by asking “what if” questions and running 21-day experiments.
The book is designed for anybody wanting to master their money, but is tired of all the complicated jargon.
Readers are already enjoying Retire Before Mom and Dad:
“I thoroughly enjoyed this book and will go back and re-read, study & refer to many of its sections. The author writes in plain English and provides some really smart advice about our money and some really cool suggestions & referrals.” -Wesley, Goodreads Review.
“Probably one of the most straight forward and easiest to understand personal finance books with simple next action items to set yourself up for success on your journey towards financial freedom.” -Jeffrey Diritto, Goodreads Review.
ASIN : B07VB1BK8F
Publisher : Glenbrook Press
Accessibility : Learn more
Publication date : August 29, 2019
Language : English
File size : 905 KB
Simultaneous device usage : Unlimited
Screen Reader : Supported
Enhanced typesetting : Enabled
X-Ray : Not Enabled
Word Wise : Enabled
Print length : 270 pages
ISBN-13 : 978-1733914512
Page Flip : Enabled
9 reviews for Retire Before Mom and Dad: The Simple Numbers Behind A Lifetime of Financial Freedom
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$9.99
Kyle C –
Simple, sensible, prudent insight that everyone can follow (and needs to hear or be reminded)!
I’m a big fan of Rob’s work mostly through his YouTube channel. I have always appreciated his thoughtful insight, so I decided to support his myriad of opensource work by getting his book. Having been in the industry a long time, I admittedly didn’t expect to learn much reading it, but I was wrong! Picked up all sorts of interesting new perspectives and mindset ideas to make this whole financial journey a bit easier to digest. Highly recommend!
Michael Firth –
Great introduction to the world of personal finance.
Great introductory read! Perfect gift for someone about to start their journey towards financial freedom. Well written, clear and concise. Covers the basics of investing as well as the value of money/returns over time.
Chickenboy –
Good general overview of what to do to lay the groundwork for future financial freedom.
I’ve followed Rob Berger for several months on his YouTube channel and read his weekly newsletter. He’s a very sensible provider of financial information covering the spectrum from good fixed income assets in the market, important financial news, retirement software or calculator reviews and many subject-specific programs (e.g., What is the difference between discount brokers Vanguard vs. Schwab vs. Fidelity?). I’d recommend his channel to everyone.The book is well written and focuses on achieving personal financial freedom over many years. It emphasizes thrift (where possible), sensibility about spending money, savings and (most importantly) investment for the long run. He hammers home the concept of the time value of money, compounding interest’s outsized returns in long run, the number of years it will take to reach financial freedom (“Level 7” he calls it) and so forth. There are some (but not many) specific recommendations for establishing an entry-level investment portfolio for retirement and good reviews of the different types of retirement accounts.I gave it four stars instead of five, because it’s good, but not great. Much of the extolled value of long-term investment, debt reduction, savings and investment, ‘paying one’s self first’, and so forth are well received (and important!) advice, but not particularly original. Perhaps the intended audience was someone more akin to a novice investor. That’s OK, it never hurts to hear this stuff again, but I want-NEED- some deep digging and detailed planning. Maybe that’s not going to happen in a mass marketed book deal-his channel is much more in depth.
Hunter –
Fantastic resources except for unreasonable assumptions about expected future investment returns
This book is very accessible and offers a lifetime’s worth of wise financial advice for both saving and investing. I’ll be giving copies to young people for many years. The one area of concern that I have is that most of the book makes assumptions and gives examples of compounding using a 9.3%/6.3% nominal/real return. While this is historically accurate, this rate is very likely higher than we can expect going forward and a risky assumption for anyone near retirement. As Berger points out many times, even a modest decline in a person’s average and sequence of return rates over the years can compound into major differences in outcomes. I would have liked to see each of the examples recalculated (even if just to linked online tables) with a 4% real return rate.
Brad –
Excellent personal finance book, worth a read
I have enjoyed watching Rob Berger videos on youtube, and have been eager to read his book. I really liked this book, it was even better than I expected. The book develops an excellent well thought out plan for financial freedom, something virtually everyone is looking for in life. It was well balanced between the big picture and diving into specific topics. And I liked the dry humor added throughout the book. I’ve read many books in this category and found this to be one of my favorites. I feel like Rob in general tracks along with Dave Ramsey, maybe a few minor differences but pretty similar. During the “accumulation phase” I feel like they are on par, but Rob shines when you get to the “retirement phase”. His view seems more anchored in the statistics, based upon thorough modeling of different portfolio choices. And this was the area that I was looking to grow my understanding, which is part of why this was such a great read. I could have used more on annuities and the actual mechanics of how to take money from the accounts in retirement and rebalance them. Would have also been great if he had included some info on portfolio visualizer and other great tools that he demonstrates in the youtube videos. Perhaps he needs to write another book just focused on the retirement phase, that would be awesome!
Montana Ashley –
Helpful and insightful, with writing that flows and clicks!
There are so many personal finance books, and an emerging swell of F.I.R.E. books specifically, that I am starting to get a little bit leery when I pick up another one. Sometimes they are quite redundant, or written by authors who don’t have great flow. These things are not true at all with Rob Berger’s book! His passion for teaching others and writing shines through. The chapters are short and thoughtful, with key information presented clearly. The book includes URLs for further learning, tools, and videos. In addition to strong writing, the book thoughtfully presents “the numbers” side of things in helpful, digestible snippets that anyone can understand and use to think contextually about their own finances. If you are looking for a book to help you really get your financial house in order for the long run, I highly recommend this title. It is also a great choice for those who perhaps have worked through the steps of getting a budget and getting debt in check, but now are wondering what comes next. Following even some of the steps and actions presented will bring you to a place of financial strength and serenity, no matter if you hope to retire early, retire on time, or pursue all the many paths a life can take.
Scott R –
I’m in my early 50’s, I’ve bought RSP’s throughout my adult life with the hopes of one day being able to retire comfortable. I never had expectations of being rich in retirement, comfortable was the best that I hoped for. It’s only now at this point in my life that my eye’s are opening up to the investment world. The author does an amazing job using analogies to get his points across and help the reader open their minds to a world they can be apart of regardless of your income or age.I’ve read a few personal finance and investing books now. My goal was to find a book that I could give to my sons to really open their minds to what can be achieved especially in their young adult lives. I finished this book this afternoon and immediately ordered print copies for my 2 sons. This book was inspiring and exactly what I was looking for. If they are even half as excited about investing long term for there retirement as I am it will be a huge win.I actually found the author on YouTube before even knowing that he had written a book. He seems to be very knowledgeable and a likeable person. He’s definitely worth checking out.
RickPANDA –
A good go back to basics again book.
VJP –
I’m in my mid-30s and I found the information in the book still very helpful. Plus it’s a fast easy read and the author keeps you entertained yet gives you sound advice. I’ve read many popular F.I.R.E. books and this is a great addition.