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by Erlend Peterson, CFP If you are looking for a get-rich-quick solution, author Erlend Peterson’s book, Rich by Choice, is not the book for you. If you are looking for a guideline to follow for becoming a millionaire, then buy the book quickly. As a person with an accounting background, I find this book of seven basic steps to becoming rich easy to follow and understand, and realistic. Each chapter is a detailed explanation of the seven steps. They provide real life examples and relate them to your personal situation. I was most impressed with the section for those over 50, because I fall into that category. The simple example of a real life couple over 50 showed how a solid plan can assist you in creating a retirement plan that, by starting at the age of 54, will be worth $350,000 at age 65. Think about that; it was accomplished in eleven years. It may not be $1,000,000 or more, but it is a tidy sum accumulated in such a short time period. In other words, "It is never too late to start." Rich by Choice also provides forms and formulas to use that will give you a chance to look at your current financial situation. Doing so helps one analyze what is working for you and what is working against you. Erlend repeatedly explains in detail how and why they work. My suggestions: buy it, read it, and start working on your own plan for becoming Rich by Choice. |
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Rich by Choice