How to Retire the Cheapskate Way
Staff Review: How to Retire the Cheapskate Way
A person would not expect a nonfiction book about retirement to be a real page-turner, but the author's writing style in this one keeps you engaged chapter after chapter. A good example is a direct quote from A Word From the Author: "The following book is what I call "colorized nonfiction". That means it's basically true, with the exception of any character, passages, people, places, events dialogue, and other stuff that I made up or embellished for the sole purpose of trying to keep you, the reader, from lapsing into the coma-like state commonly induced by reading books about personal finance. No cheapskates were killed or harmed in the writing of this book, but a few spendthrifts were accidentally waterboarded."
The loss of $2 trillion in retirement savings of Americans since the great recession of 2008 should be a wake-up call for all of us. A Gallup poll showed that 75% of Americans feel the average worker in the current economy can't save enough to guarantee a secure retirement. So what do we do? Jeff Yeager suggests a new approach which focuses on how we spend our income rather that how we try to save or invest it. His approach has enabled his own retirement at the age of 47 and it may enable other readers to follow suit.