Independently Wealthy 2e

By the time you finish reading this book, you will have your compass and charts in hand, you will have gained insights into today’ s financial, economic, and political realities, and you will know the mistakes most savers and investors commonly make. Most important, you will learn how to construct a detailed financial plan that works.Longer life expectancies, uncertainties surrounding Social Security, and the continuing shifts in tax legislation have forced Americans to become more active in building wealth to assure their own financial security. In the extensively revised Second Edition of Independently Wealthy: How to Build Financial Security in the New Economic Era, economist and financial expert Dr. Robert Goodman returns to bring you up to date on the political and economic events that have led to today’ s investment environment. He then discusses the steps you must take to achieve financial freedom in the years ahead. It does not matter whether you are young, middle-aged, or older, he writes, your task is " doable." The important thing is to start now. For young workers, he demonstrates the power of compounding. For those who are at midlife, with competing pressures on their incomes, he provides helpful ways to automate the savings and investment process. For those who are older and who may be discouraged because they have not yet begun to save, he advises, " It is better to start late than not at all." Independently Wealthy, Second Edition offers the tools, techniques, and advice that you need to begin saving or investing for the future– even in an ever-changing market. This practical guide to today’ s investment terrain also includes anupdated version of Dr. Goodman’ s ten basic investment rules to follow as you work your way toward financial independence.