Saturday, December 27, 2014

Money: Master The Game

Just finished reading this last week, so writing this review while it's still fresh... at least my immediate opinions.

The book overall is pretty detailed and informative. It gets you thinking and asking questions and motivates to you take action. It is also very interesting as it is based on interviews with some very, very, famous people. Just for that, you may want to read it from cover-to-cover.

But at the same time, the real meat of the book, the real useful information, without the background story and details, probably only make up less than 10% of the book.

Tony Robbins, as usual, takes us on a journey and well in book format... it is fairly long. Probably took me in total 20 hours of reading, over 3 weeks. He covers not only the financial information but also develops the mindset on how to approach investing and create wealth (holistically, not just money-wise).Am

This is probably a book you want to finish as soon as possible:

1. Get your money set up and working ASAP
2. Keep your motivation alive, because trust me it dies over time, and if it dies, you will never finish reading it.

Also, if you have a Finance background or have been reading other investing books like the Intelligent Investor (that's me...) even less.

Personally, other than the actual asset allocations, I found some specific points a good review (why diversify, correlations, buy and hold strategy) and somewhat interesting (the interviews) and afterwards, I seem to be more motivated to take action than before... but then again maybe it's due to the significant time investment... it would be a waste not to.

One other thing is that he bolds a lot of key concepts so it's possible you can skim the book (easier to do digitally) and pick out the main points and sections that apply to you (I did that for some chapters mostly either because I already knew about the topic or it didn't seem relevant to me personally).

At times it does seem like he is trying to sell you the services that he introduces. They themselves look somewhere from OK to pretty good, but after he reintroduces them over and over again throughout the book... I kind feel like I am being market-ed to and his goal is to get me to buy something...

So in summary, overall a good book but you need to have some serious free-time and commitment to finish it all but at the same time it makes it feel like you've made an investment and more likely to spend more effort in taking action. Also need to consciously, overlook the marketing tone and evaluate the services yourself.

Amazon

GoodReads

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