Sometimes Useful, Occasionally Misguided Book

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	• Start Late, Finish Rich: A No-Fail Plan for Achieving Financial Freedom at Any Age (Finish Rich Book Series) David Bach Broadway, 2006 - 368 pages average customer review:based on 91 reviews view larger image
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highly recommended

Phenominally comprehensive!

This book is so packed with practical, useful information and recommendations that there is nothing else to compare it to. I know of multi-thousand-dollar financial seminars that don't provide half of the financial education this book provides. I am far from a novice, and this book taught me a lot. This book covers everything from very simple (and yet quite good) fund investment strategies which take very little time, to in-depth understanding of the direct and indirect tax benefits of real estate investing. Perhaps the most important thing about this book is that the author is so well versed in the subject and so generous at the same time. This book is not written as a teaser for some follow-up multi-thousand-dollar seminar. It has all the info in it, for less than $20!

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Great Source of Information

I found this book to be very informative and easy to read. I highly recommend it to anyone who like me feels a little lost when it comes to investing and financial planning. I love the clear, concise and no nonsense style of this author. I recommend all his books.

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Sometimes Useful, Occasionally Misguided Book

It is important when reading any financial "how-to" book to fully understand the author's intentions.... what is their goal? To help you or themselves. This book is a mixed bag in that regard. As other reviews have pointed out, David Bach's programs are not so much about making you money, but enriching his own fortune.

That being said, this book can be read judiciously and you can gleen some useful bits of information in his book, including his emphasis on saving now for retirement, even if you are getting a late start. This book is largely a repeat of his book "The Automatic Millionaire" (as are most of the other books he's written), only retooled for an older audience.

I was disappointed with his investment suggestions. He recommends ETF's (exchange traded funds) over mutual funds... the problem is that unless you are buying your ETF's in bulk/large purchases, this is likely to be a more costly approach. Vanguard offers some of the best low-cost index mutual funds with much lower transaction costs than ETF's.

His advice about paying off a home early is also suspect. If you locked in a mortgage in the 5 percent range, it does not make practical sense to pay it off early when you can make more on that money in CD's or even online savings accounts with ING or HSBC. I understand the "peace of mind" argument, but who every said I don't plan on paying off my house before I retire right on schedule?

Overall, a decent book, but given it's misguided tendencies, I think there are many other better highly rated alternatives that are more worth your money (see the "Bogleheads' Guide to Investing", and the "Dummies Guide to Personal Finance" for example).

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It's Never Too Late

As a financial planner I often run into people who haven't saved enough for retirement and are discouraged because they think it's too late. David Bach proves it's never too late. This book will inspire you to save for the type of retirement you ultimately want.

Matthew Tuttle, author of "Financial Secrets of my Wealthy Grandparents"

reviews: 1, 2, 3, 4, 5, 6, 7, page 8, 9, 10, 11, 12, 13, 14, 15, 16, 17

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