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I bought this book, read the first 225 pages in a single sitting, and then ordered two more copies for friends. I will probably order more for others in the near and far future. I've read Suze Orman, I've read Tony Robbins, I've read my fair share of wealth and investment books, but this one is my favorite for many reasons.
First, I fell love with the book itself as an object - the heft, the quality, the page thickness, the font and font size, the subtle shading, the color coding, the graphics, the charts, the layout... it exudes quality. It feels like not only a gift book but a a book you'll keep forever. But that's just the surface stuff.
Then there's the content. The way Mr. Gordon organizes all areas of personal finance planning into six areas (two "What Could Happen" areas - insurance and legal planning; two "What Should Happen" areas - real estate and investments; and two "What Is" areas - banking and taxes) and then explains them - in enough detail to make sense but intelligently enough that you don't feel talked down to - made me feel like I had the first-ever comprehensive, easy-to-understand view of everything I need to be concerned about for building my financial future, and, for the first time, how all these pieces fit together. And he does all this with enough charts and graphs to support every point, enough real-life stories to keep you interested, and enough wit to keep you chuckling every page or two.
Beyond all this, though, the thing that made me write such an effusive review (and I rarely even write reviews at all) is the book's *soul*. The personal nature of the writing that makes it the author is your friend. The choice of quotes to begin each chapter. The artwork within. I connected with this book in an emotional way... and that's a lot to say about a personal finance book.
Like many, I've been through an awful lot of $#&! since the 2007 recession. I grew up very fiscally responsible, investing in mutual funds the very month after I graduated from college and maxing out my 401k every year the first decade of my work life. But I've been through a nightmare financially over the last ten years, and it's taking a LONG time to dig out. Reading this book both made me finally come to terms with the deep, repressed anger I feel about how the last ten years went, but also made me feel like... it's going to be OK. If I take the right actions.
So this book has given me hope. In just the first few days since reading it have already taken several actions inspired by reading the book, and I look forward to continuing to head in the right direction to build a future to count on rather than a future to fear. It's not an understatement to say that this book will likely have changed my life. (It has already changed my mind; the tangible results will take longer to play out.)
Bravo, Mr. Gordon. I'm thoroughly impressed, and very grateful. Thank you for writing this book.
Wealth by Virtue is the Unified Field Theory of personal wealth creation and comfortable retirement. Mr. Gordon identifies the 6 Essential Factors for wealth creation and their relationship to individual goals and life principles. He explains why individual investors are hard wired for failure through of combination of emotions and an inability to recognize exponential, long term trends. Most importantly, he solves and corrects this almost universal failure of individuals. This is a comprehensive book written in plain English. Business and investment degrees are not required. This book must be purchased in hard copy because of the extensive use of color graphics and charts on high quality paper. I have been a corporate finance professional for over 40 years and have managed my own investments and retirement planning. If I had this book 40 years ago, I would be much, much richer.
Chad Gordon does an amazing job putting together a foundation upon which to think about building your wealth. He handles the subject matter of basic financial planning the way he does with his financial advising clients. These are, the 6 areas of finance you will encounter in your life and the basic ways in which to think about and approach these: banking, investments, real estate, insurance, legal planning, and tax planning.
The book is composed of basic principles, theories, examples, historical data, anecdotes, and a little bit of gospel which together feel like a warm and personal introduction to using money in 2018. The physical book itself was one of my main selling points before I read it: it is beautiful to hold and draws you in with its arrangement. It looks kind of like a textbook but it feels more like watching a video.
Although the book is written for the US Financial system, the lessons are universal. The book gives a lot insight in to the way economies are laid out and function so that you will be attuned to relevant matters wherever and whenever you are.
Overall I was very happy with this book and found each part of it interesting and relevant. Highly recommended and I’m grateful to Mr. Gordon for writing it.
I just received my copy of Wealth by Virtue today via Prime today. I am astonished by the quality of the book at first sight- it is not your typical chapter book on finance and the quality far exceeds the $32 price tag. The pages have a nice weight and the book is laid out in full color and well marked for each of the six main chapters. I have just started reading the introduction and had trouble putting it down. The book is well-written, easy to understand yet detailed in its analysis. I don't feel like I'm being sold to - rather educated by someone on my side. I plan to order this book for friends and relatives for the holidays. Don't be fooled by the price- I am already motivated to plan and save more money, so I expect Wealth by Virtue to pay for itself right away. Wow.
"Wealth by Virtue" is a beautifully illustrated and thoughtfully written book that manages to be both a page-turner and an invaluable personal finance reference simultaneously - a rarity in the genre. Chad's writing makes even the more intimidating aspects of financial planning, such as taxes, insurance, and estate planning, easily digestible and, dare I admit it, fun to read. Whether you are well on your journey to financial independence or just starting to think about money, there's plenty of valuable insight in this book to help.
Too bad this was written 30 years ago! But better late than never! This is a lovely book. Chad Gordon, the author, excels in both organization and content. I thought I already knew a lot about finances but his clear and engaging explanations opened my eyes to a wealth (sorry) of information and aspects I hadn't fully considered before. And it's not about being greedy or cut-throat or compromising your ethics, rather about understanding financial systems and being wise in your decisions. And I would expect to pay a lot more for such a quality book (graphics, paper, size, clarity, etc.).
This would be a great gift for young adults in your life, to get them started on a sound financial path!
I worked for two biz magazines for several decades, and learned new information in this book. It is comprehensive, easy to understand (even funny!), and useful for people in every stage of life. It's a handy guide to keep around and thumb through when any financial life question comes up.
The author is a financial planner who has seen most every common financial mistake. The author isn’t trying to show off his esoteric financial knowledge or market himself as a financial guru. What you get from this book is a no-nonsense, no-gimmick book of foundational financial knowledge everyone should know.
This book explains several key concepts in clear and simple language. It also liberally uses charts and graphs to explain practical information and drive home points. It’s done so well a middle schooler could easily understand it.
Definite recommendation. Very well done and I hope the book gains popularity.
This book is a gem! Unlike many financial books, I don't feel I need a degree in finance to make it applicable to my situation.The down-to-earth style of writing, the anecdotes, and the author's understanding of of what people really need for financial stability is superb. What is inside this book's covers will enable the reader to implement changes. And, it's fun to read. I would highly recommend it.
I'll be gifting this to lots of people, not loaning because it's such a great reference. If you use money, this book is a fundamental education on how to invest and use it in a really easy to understand way. It should be required for all young adults and anyone without a finance degree