Matthew

Good for that first job and motivation

Revisado: 04-20-05

I'm less than a year out of college with a nice paying job for 2 yrs before heading to medical school. While I have no credit card debt, my paychecks were being spent on lil doo dads, dining out daily for lunch (Quizno's...mmmmm, toasty), and my morning grande white mocha with a blueberry bagel and strawberry cream cheese. It didnt bother me that I wasn't saving much of anything because I was under the impression I was young, should spend every dime and have fun now, will eventually have an MD, can save later after med school...that is, until I read this book!!

This book dramatically changed my spending habits and introduced me to the power of how time (starting now rather than 12 yrs from now after residency) can dramatically affect my retirement account (!). While a portion of the book does repeatedly discuss the fact that you need to save, it goes into more depth by showing you solid examples with numbers of what it will cost you if you don't start now and describes what type of investment vehicles to use to reach your desired goals (403b, Roth, 529) It also helped me work through the hassles of insurance, knowing how much I need, how to work finances with my lady, and what I will eventually need for a house.

As a recent college grad, I cannot praise this book enough for teaching me some of the ropes to a solid financial life and to be one of the few saving 18% for retirement at 23 rather than continuing to blow my dough out the expense column. It has taught me and motivated me enough to share it with others and given me the opportunity to help 3 fellow co-workers setup their retirement plans and create a good foundation. If you are new to the working world and looking for a coach to help you manage that new fat check, take a peek at this book/audio and I assure you that you won't be disappointed.

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