Invested: How I Learned to Master My Mind, My Fears, and My Money to Achieve Financial Freedom and Live a More Authentic Life (with a Little Help from Warren Buffett, Charlie Munger, and My Dad) Paperback – Illustrated, 5 September 2019
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“Stunning! Invested is the only book that seriously addresses how inner health becomes outer wealth with straightforward steps to financial freedom. Anyone who wants an all-around better life should read this book.” -- JJ Virgin, bestselling author of The Virgin Diet
“Invested makes complex ideas about stocks and markets make sense to anyone! Get ready to level-up your knowledge of active investing from any starting point.” -- Amanda Steinberg, founder of DailyWorth and author of Worth It: Your Life, Your Money, Your Terms
“Fear holds most people back from real wealth. This book addresses head-on being afraid of the stock market and being afraid of not knowing enough. For everyone who knows they need to do something with their money but doesn’t know what, this is the book for you.” -- John Assaraf, star of The Secret, founder of myNeuroGym.com, and author of Having It All
“In Invested, Danielle Town shows how she learned to overcome her anxieties about money to take control of her own happiness. A terrifically informative and thoughtful book.” -- GRETCHEN RUBIN, bestselling author of The Happiness Project and The Four Tendencies
From the Back Cover
When she was growing up, Danielle Town cringed at the words finance, stocks, or portfolio. The daughter of the successful investor and bestselling financial author of Rule #1, Phil Town, she spent most of her adult life avoiding investing--until she found herself stuck in an all-consuming legal career where she felt both her money and her life were out of control. Determined to regain her financial freedom and put her money to work in a socially responsible way, Danielle asked her father to help her take charge of her future by teaching her Warren Buffett-style value investing. What began as a series of conversations between them eventually turned into a yearlong investing plan and the hit personal-finance podcast InvestED. Over the course of that year, Danielle went from being an extremely reluctant investor to knowing exactly how and when to invest in wonderful companies, with a little--okay, a lot of--advice and help from her dad.
In Invested, Danielle tells the entertaining and educational story behind her personal life-changing journey to financial freedom. She lays out the twelve-month plan that she developed with her father, creator of the successful "Rule #1 Investing" method, to practice step-by-step the principles of value investing handed down from the wisdom of value-investment legends Warren Buffett and Charlie Munger, and she shows how those principles will reshape your finances and your relationship to money. Invested makes the complex world of investing simple, straightforward, and approachable, and will help you gain confidence and strategies to formulate your own plan for financial freedom--and put your money where your values are.
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Perhaps, the best way to describe my reading experience is like I'm "reading an interesting kindergarten book" about investing. Half of the book is Danielle telling her readers how she has no clues about investing... to a point where it starts to hurt. I almost gave up reading altogether. I only realized how bad my experience was until I finally finished the book and began my next read: The Everything Store. Only then, I realized the disparity in the quality of the books.
I gave it a 3 because I am impressed by the few things that I learned. If you're just starting out on your investing journey, this may be suitable for you. But if you've a little more proficient, I think you may want to give this a miss.
Most helpful customer reviews on Amazon.com
Now repeat the above for about 100 pages and you get a sense of what I mean by fluff in the book.
When she finally gets down to showing how to evaluate a company, like he dad’s book, they go on for page after page on how to do approximate calculations in your head. Hey, you kno what - people have calculators now. Every computer has a spreadsheet. How about showing a formula? Can’t do that - the book would be too short.
Pass on this book.
In addition to reading the books, I've been a follower of Phil and Danielle's INVESTED podcast and attended one of Phil's weekend workshops. So I began reading Invested with some curiosity but also with the expectation that I wouldn't learn anything new. With regard to the bottom-line Rule #1 approach, my expectations were validated to some extent - but what INVESTED did do was add clarity to this investing approach as well as force me to look at it from a fresh perspective.
INVESTED will also appeal to those who love a good story. All of the book is written from the perspective of Danielle who, despite the fact that her father is a very successful investor, never had any interest in investing herself. The book really is her story about her life and how it came to be that she came to the realization that she needed to learn how to invest in order to free herself from her financial shackles; her emotions as she began to learn from her father; the frustrations that come with learning a new skill; and then the elation that comes from having mastered that skill.
Overall, it was an enjoyable and informational read that will appeal to anyone.
As other negative reviews have indicated, this book is a useful investing pamphlet obscured by Danielle's search for meaning and validation.
If you're the anxious type, petrified of losing money, this book may help you.
If you've had an adventurous life and kept your wits about you, stick with "Rule One" or "Payback Time".
Aside from those grumblings, at least the book pulls all of Phil's teachings into one volume, including Owner Earnings.