Aug 18, 2007
Written by a Wall Street trader who quit the game in his early 30s after making enough for a modest lifetime income, the book teaches personal finance by attempting a reversal of the way most folks think about money and consumption. The focus is on sustainable consumption rather than growth for the sake of growth. Although the subject is personal finance, the mindset can be applied to large scale economies.
It’s a book written for laypeople and a lot of finance experts may be able to poke holes in the theory, but that’s not the point. The book can also be a bit spiritual and “new agey,” which can get annoying, but again not the point. The point is to help average readers understand the economy and their role within it, making them independent and critical consumers—something it does very successfully.
A good read for beginners wanting to learn the basics of small-scale finance or for anyone interested in getting more out of what they’ve got right now.