![]() The book is sort of like an early 90s version of Mr. To quote Lao Tzu, "He who knows he has enough is rich." It makes the compelling case that to always want something better is a recipe for perpetual unhappiness. The goal is to live modestly and be time-rich, rather than to "live large" and be time-poor. ![]() In essence, the book advocates extreme thrift in an effort to get off the consumerist treadmill. The other chapters, though they occasionally make redundant arguments, are valuable. The present interest rates on those bonds is pathetic: 2.69% on a *30-year* bond! Read in 2015, Chapter 9, which describes 6% US treasury bonds, reads like a quaint historical document. Also, its advice to buy long-term US treasury bonds is terrible. As of, the Dow stands at 17,511.57, up about 450% since 1992 so the book's stock market wariness is exaggerated. ![]() When the book was copyrighted in 1992, 1000 was a crash and 4000 was ambitious. The Epilogue summarizes in 9 pages what has been beaten to death in the previous 327!Īt one point, the author talks about being financially secure whether the Dow is under 1000 or above 4000. ![]() Like most personal finance books, it's full of suspicious stories. That said, I have a few qualms with the book. ![]() I agree more with the 5-star Goodreads evangelists. This book's most popular Amazon review is surprisingly negative: 3/5 stars. ![]()
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