Title: The Big Little Book on Creating Personal and Financial Freedom
Author: Dr. Albert “Ace” Goerig
Genre: Finance
Financial independence is a concept most people strive for but are often unable to achieve during their lifetime. Fiduciary decisions such as obtaining a credit card or student loans provide temporary comfort but have long-running consequences if they are not paid off in a timely manner. The interest continues to accrue and payments barely make a dent toward the principal, the debtor working twice as hard to stay afloat. However, author Dr. Albert Goerig believes that all is not lost and anyone can turn around their finances utilizing the right methods. The possibility of achieving financial liberation within a decade is advanced by Goerig and the steps to get there are not unreasonable. Ultimately, the path to this goal resides in the individual and what they want.
Dr. Albert Goerig brings a scholarly mind along with tact in explaining the perils of indebtedness and how to be either proactive or reactive. Goerig believes that an individual should live the life they want and not focus on what they don’t. A positive perspective is essential to avoiding the potential pitfalls that can ensnare an individual in endless bill payments. Goerig provides visual resources along with website recommendations to assist those seeking a way out of monetary burdens.
Happiness is one of the overall concepts that runs throughout this book. Goerig examines two hypothetical families where the decision to “buy now pay later” curtails one family’s (Family A) funds in their later years, while the other’s (Family B) thriftiness allows them to pay off debts and have a sizable nest egg. The family that sacrificed their financial future sought short-term gratification, while the more cautious family found contentment in smaller things. Happiness is mind over matter.
The way to economic liberty is twofold and not without the commitment of the individual. The need to chip away at various balances is paramount before the next step can be taken. Wise spending and even smarter saving will aid in developing the necessary funds to invest for the golden years of life. The road to improved financial health involves patience. Goerig deftly breaks down a plan of action in tackling the peskiest of liabilities.
Goerig doesn’t limit himself to focusing on dollars and cents in how a person finds autonomy in life. He emphasizes the importance of mental and physical health in finding satisfaction in life. In providing examples from his own life, Goerig’s advice resonates on a deeper level.
The author has written a concise plan for those seeking to climb their way out of debt or avoid potential monetary issues in the future. The book’s effect would be further strengthened with a few testimonials thrown in from those who have attempted Goerig’s plan.
The Big Little Book on Creating Personal and Financial Freedom is more than just a “How To” book about finances. Dr. Albert Goerig writes persuasively about how satisfaction in life goes beyond luxury and self-improvement and is equally vital in becoming a liberated individual. This is a must-read for those struggling with money or seeking to ensure their future.
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