The World's Best Book Summaries
How hard was it being a bond trader in the 1980s? How did Salomon Brothers take over Wall Street? Salomon Brothers investment bank was founded in 1910 by Arthur, Herbert, and Percy Salomon. It wasn’t until the 1980s that the firm found its niche within the growing bond market. Keep reading to learn how the Salomon Brothers controlled the bond market, according to Liar’s Poker by Michael Lewis.
What was the largest LBO in history? What did Ross Johnson do after selling RJR Nabisco? In 1986, the financial company Kravis bought RJR Nabisco for an astounding $25 billion. This makes the acquisition the largest LBO to date and sent CEO Ross Johnson into full retirement. Continue reading to learn more about Kravis’s final offer for RJR Nabisco.
What are you willing to give up in order to work less (or not at all)? Do you carry debt that isn’t really necessary? In Early Retirement Extreme, Jacob Lund Fisker shows you how to do what he did: break free of consumerism and live a fulfilling, meaningful life—well before the typical retirement age. He provides straightforward strategies that you can adopt to make this significant lifestyle change. Continue reading for an overview of this book that invites you to take control of your life and future.
Do you have a car loan, a mortgage, or student debt? How could your life be different if you were debt free? According to early retiree Jacob Lund Fisker, most people can do without many things they think they “need.” When you lower your annual expenses, the time it takes to save for retirement drops rapidly. Debt implies significant expenditures, and it adds to your expenditures in the form of interest. Keep reading to learn how to avoid debt and minimize your cost of living.
Would you like to work less and enjoy life more? How can you put your money to work for you instead of the other way around? In Early Retirement Extreme, Jacob Lund Fisker teaches you how to invest your savings and become financially self-sufficient for life. He shares two tips: Educate yourself on investing strategy, and pick investments based on the work you prefer. Read on to learn how to live off your investments and start enjoying the early retirement lifestyle.
Do you have debt? Do you buy things that don’t really add to your life? How could your life be different if you had a lower cost of living? Jacob Lund Fisker permanently retired at age 33. He shows how you, too, can retire at an extremely early age. Fisker urges you to avoid unnecessary debt, stop buying things you don’t need, and maximize the value of every purchase. Continue reading to learn the details of Fisker’s advice on how to reduce expenses and buy yourself more freedom in life.
What kind of investor are you—or should you be? Do you invest according to your age? What’s your ideal asset allocation? If you’re an investor, a speculator, or you’re considering getting into the market, you want to invest with knowledge. That includes knowledge about the stock market as a whole, certain stocks in particular, and you as an investor. Continue reading for several stock market questions designed to help you understand yourself as an investor as well as your current and prospective investments.
What are the negative effects of procrastination? How does procrastination affect your health and finances? Procrastination doesn’t just prevent you from getting work done. It can have a drastic impact on your health and finances if it gets out of control. Check out the negative consequences of procrastination to see why you need to get your work habits in shape.
What’s behind the growing trend of US states passing pay transparency legislation? Are the laws working as intended? What’s the future of pay transparency? A growing number of US states are implementing pay transparency laws, which require employers to list salary ranges on job postings. Though the laws have led to some improvements for workers and employers, they’ve also created some unintended, undesirable consequences. Below we’ll take a look at the pros and cons of pay transparency.
Do you want to make 10,000 dollars in just ten days? What are the steps to completing this ten-day challenge? Some people spend months trying to make 10,000 dollars, but you can do it in just ten days. With the help of Rachel Rodgers’ We Should All Be Millionaires, your wealth will skyrocket in just over a week. Keep reading to learn how to make 10,000 dollars fast.