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"So
You Graduated College: A Financial Guide
to Life After Graduation" Book
Review by George9910
When I first received a copy of Daniel
Franklin's So You Graduated College: A
Financial Guide to Life after Graduation,
I thought to myself "great, another
poorly written 'how to survive the real
world' sort of book." But I was too
quick to judge. Unlike most books in its
category, this book is truly well written,
insightful, and informative. For all it's
worth, it is clearly a steal at only $12.95.
There
are two elements of this book that I found
truly unique and enjoyable:
1.
Financial Insight
Many of these self-help books are simply
condensed text books, providing terms
and definitions, but nothing of real value.
So You Graduated College, on the other
hand, is packed with insight. Franklin
presents the facts and then explains them
through logic and analogies. Many of his
ideas are non-traditional and his astute
awareness of the financial reality in
which we live is invaluable.
2.
Enjoyable Reading
Not only is this book full of financial
information and insight, but it also contains
a touch of humor and personal examples
from the author's life. Being a self-proclaimed
finance geek, I would have read the book
with or without this added personality,
but that might not be true for those that
need this book the most: the recently
graduated, 20-something crowd. Finance
is one of those subjects that not everyone
(particularly the younger generation)
is interested in, but everyone really
needs to have at least a basic understanding
of it. In my opinion, Franklin provides
the perfect mix of personality and information
in order to capture the younger generation's
attention while simultaneously injecting
their minds with the financial knowledge
they need.
Franklin
covers all the standard personal finance
topics: insurance, taxes, investing, retirement
accounts, car buying, consumer credit,
etc., but has the strongest focus on investing,
which he dedicates 43 out of 152 pages
towards. He provides a compelling argument
in support of aggressive investing for
young adults by pointing out that they
have many years of earning power to recover
from any unfortunate financial mishaps
and by presenting the diminishing risk
element of supposedly risky investments
over the long term. However, he also continuously
reminds the reader of the importance of
each investor's risk tolerance and that
ultimately everyone needs to think for
themselves rather than blindly following
the advice of others.
The
book also explores the realm of real estate
investing, giving insights into issues
such as the market inefficiencies that
are responsible for such promising investment
opportunities, the judicious use of leverage,
when it makes sense to invest, and the
emotional side to real estate investing.
And true to the book's target audience,
Franklin also provides ways to get involved
with real estate when you're broke.
This
book may not be the best purchase for
you well-seasoned investment gurus out
there, but for everyone else, and particularly
those in their 20's, I strongly recommend
it
So You Graduated
College: A Financial Guide to Life After
Graduation Book Quotes
- "Perhaps
the most valuable asset you have is
your brain. Just as you would invest
in and maintain a physical asset such
as a house by remodeling and performing
regular maintenance, consider investing
in and maintaining your mind. Read books,
take classes through the local college,
teach yourself a new skill, or sign
up for a master’s program."
Daniel Franklin
- "Sexy
investments are those that are exciting
to the investor. Such investments tend
to provide minimal profits for a simple
reason: supply and demand. If everyone
wants to buy a certain investment because
it is exciting, then the demand for
that investment rises." Daniel
Franklin
- "This
book is about money—how to make
it and how to protect it. This is an
extremely important topic as money makes
the world go around and can provide
us with the means to accomplish our
dreams. Unfortunately, it is all too
common for people to get confused about
money’s role in society."
Daniel Franklin
- "The
number one rule of investing in financial
assets is to diversify, diversify, and
diversify. The same rule applies to
self-investment. Society does tend to
monetarily reward those who develop
a single skill or subject and make it
their life’s work. However, just
as an investor who invests only in the
stock market is highly vulnerable to
market crashes, a person who only dedicates
him or herself only to a single subject
is highly vulnerable to life’s
curve balls." Daniel Franklin
So
You Graduated College Book Contents
- Chapter
1: Career & Grad School
- Chapter
2: Frugal Living
- Chapter
3: Your Automobile
- Chapter
4: Getting Organized
- Chapter
5: Consumer Debt
- Chapter
.6: General Investing
- Chapter
.7: The Stock Market
- Chapter
8: Real Estate Investing
- Chapter
9: Insurance
- Chapter
10: Taxes
- Chapter
11: Saving For Retirement
- Chapter
12: Home, Sweet Home
-
Chapter 13: Negotiation
- Closing
Thoughts
Purchase the
book from : Amazon.com
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