With the 9-step plan described in the book, the authors promise “Financial Independence,” which they define as the enough interest generating off investments to live off. Basically, you get out of debt, minimize expenses, live frugally, and invest in bonds. A whole lot easier said than done. At least the Dave Ramsey plan (the baby steps) make sense. This just seems like a lot of cockamaney BS. The first half of the book- getting out of debt, cutting expenses, and building wealth- make sense. The rest, is just a little too much for me. Lots of people find this to be the plan for them. There’s nothing wrong with that at all; it’s just not for me.
Even though, this plan does not align with my goals, I think there were some great points in it. For example, looking at time spent at work as moments of your life that are traded away is a great perspective for thinking about what it is worth working for. We all have a limited amount of life energy. How do you want to spend it? My friend Ellen is waiting for this one because she and I have discussed this a couple of times.
Emilie is an Army Wife, Data Engineer, and CrossFitter with a love for working through her thoughts in this space on the internet. She lives with her husband Casey and their pup Bo in Savannah, GA.