Pay Yourself First: A Commonsense Guide to Life Cycle Retirement Investing

NON FICTION BOOK REVIEW  

424 words

Title: Pay Yourself First: A Commonsense Guide to Life Cycle 
Retirement Investing; by Timothy W. Cunningham and 
Clay B. Mansfield; John Wiley & Sons Inc.; ISBN 0-471-16248-5; 
paperback; 271 pages; US$16.95, Can$23.95.

Reviewer: Glenn Darling, "This is one book that isn't out to 
sell something; rather it can help the reader buy into a 
secure financial future."


As people age, so do their retirement investing requirements. 
These changes are the result of different needs evidenced 
during stages in the normal human life cycle. 

A Key element in saving for tomorrow, is sacrificing today. 
Not an easy task for the young and the restless.
 
The major premise of Pay Yourself First would have us believe 
that simply being who you are and using what you know is 
enough to win the day. With this understanding you are ready 
to begin delving into Pay Yourself First.

This book attempts to prove that in the world of investing, if it 
cannot be explained easily then it is probably not worthy of 
continued pursuit and should be dropped like a bad habit.

Pay Yourself First: A Commonsense Guide to Life Cycle 
Retirement Investing introduces us to a highly understandable 
but revolutionary new approach. 

Using stories and easy to understand basic business concepts, 
authors, Cunningham and Mansfield provide the proper tools to 
take command of ones financial resources and attain a secure 
retirement nest egg. 

Ample case is made for creating a realistic get rich slow plan 
that does not require hands on attention from the latest financial guru.

More often than not it isn't another tool or opinion that is needed 
to make a good decision. Instead one needs only the courage 
to weigh the evidence at hand, ask questions, listen to the debate, 
and decide what makes sense by using the simple deliberative 
tools that each and every one of us already has inside.

According to the authors, to understand what a fully defined and 
structured approach to retirement saving looks like or where to 
begin, one must first understand the underlying principal of 
retirement investing itself. 

At heart, every investment objective depends on when you need 
to use the invested money or the income from it and the consequences 
for not having the required money or income when it is needed.

The authors stress that no matter what age you begin, the  major 
theme  is;  invest as much, and as often as possible. Make it part 
of your financial life, regardless of income.  And of course never, 
never raid the retirement investment pool.

The desired result is to try to build and protect retirement wealth 
when younger, and preserve that wealth while simultaneously 
generating retirement income when retired.

Pay Yourself First guides the way nicely and does indeed make 
a strong case for do-it-yourself investing. This is one book that 
isn't out to sell something; rather it can help the reader buy into 
a secure financial future