The World's Best Book Summaries
What is the SAVE program? Who will it affect? How do you know if you’re eligible? More than 43 million US students leave college with federal student loan debt—a crushing burden that forces many to forego buying homes and delay key life milestones like having children. President Joe Biden’s income-driven student loan repayment program, SAVE, aims to bring borrowers relief. Here’s a look at the SAVE program, and whether or not you may qualify.
How hard was it being a bond trader in the 1980s? How did Salomon Brothers take over Wall Street? Salomon Brothers investment bank was founded in 1910 by Arthur, Herbert, and Percy Salomon. It wasn’t until the 1980s that the firm found its niche within the growing bond market. Keep reading to learn how the Salomon Brothers controlled the bond market, according to Liar’s Poker by Michael Lewis.
What was the largest LBO in history? What did Ross Johnson do after selling RJR Nabisco? In 1986, the financial company Kravis bought RJR Nabisco for an astounding $25 billion. This makes the acquisition the largest LBO to date and sent CEO Ross Johnson into full retirement. Continue reading to learn more about Kravis’s final offer for RJR Nabisco.
What are you willing to give up in order to work less (or not at all)? Do you carry debt that isn’t really necessary? In Early Retirement Extreme, Jacob Lund Fisker shows you how to do what he did: break free of consumerism and live a fulfilling, meaningful life—well before the typical retirement age. He provides straightforward strategies that you can adopt to make this significant lifestyle change. Continue reading for an overview of this book that invites you to take control of your life and future.
Do you work more than you need to because you buy more than you need? Are you blindly following a narrative that just ain’t so? The modern world lures us into giving away our freedom, argues early retiree Jacob Lund Fisker. The vast majority of adults are caught in a needless cycle of consumerism. Luckily, he says, it’s possible to free yourself from this system. Read more to learn three reasons to break out of the unfulfilling cycle of consumerism.
Do you have a car loan, a mortgage, or student debt? How could your life be different if you were debt free? According to early retiree Jacob Lund Fisker, most people can do without many things they think they “need.” When you lower your annual expenses, the time it takes to save for retirement drops rapidly. Debt implies significant expenditures, and it adds to your expenditures in the form of interest. Keep reading to learn how to avoid debt and minimize your cost of living.
Would you like to work less and enjoy life more? How can you put your money to work for you instead of the other way around? In Early Retirement Extreme, Jacob Lund Fisker teaches you how to invest your savings and become financially self-sufficient for life. He shares two tips: Educate yourself on investing strategy, and pick investments based on the work you prefer. Read on to learn how to live off your investments and start enjoying the early retirement lifestyle.
Do you have debt? Do you buy things that don’t really add to your life? How could your life be different if you had a lower cost of living? Jacob Lund Fisker permanently retired at age 33. He shows how you, too, can retire at an extremely early age. Fisker urges you to avoid unnecessary debt, stop buying things you don’t need, and maximize the value of every purchase. Continue reading to learn the details of Fisker’s advice on how to reduce expenses and buy yourself more freedom in life.
What kind of investor are you—or should you be? Do you invest according to your age? What’s your ideal asset allocation? If you’re an investor, a speculator, or you’re considering getting into the market, you want to invest with knowledge. That includes knowledge about the stock market as a whole, certain stocks in particular, and you as an investor. Continue reading for several stock market questions designed to help you understand yourself as an investor as well as your current and prospective investments.
What are the negative effects of procrastination? How does procrastination affect your health and finances? Procrastination doesn’t just prevent you from getting work done. It can have a drastic impact on your health and finances if it gets out of control. Check out the negative consequences of procrastination to see why you need to get your work habits in shape.