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The Simple Dollar: How One Man Wiped Out His Debts And Achieved The Life Of His Dreams (2010)

by Trent Hamm(Favorite Author)

3.29 of 5 Votes: 5

ISBN

0137054254 (ISBN13: 9780137054251)

languge

English

genre

Nonfiction

publisher

FT Press

review 1: The Simple Dollar by Trent A. Hamm is an absolute must read, assuming you are in your 20's. The Simple Dollar is one part self-help, one part memoir, and one part financial advice. The Author uses small anecdotes from his life, interspersed with references to other financial, parenting, and self-help books. The Pro and Con of The Simple Dollar is its target audience - 20-somethings who are just starting out, or who really aren't that far along. Trent references his family, handling financial woes while being a new parent, early career development, and his video game obsession. I fit many of these categories as well (I play video games, I'm a relatively new parent, and I'm currently in the infancy of my career) so many of his analogies really hit home for me.Most of the fin... moreancial advice Hamm gives is general common sense, has been talked about extensively by other financial gurus (Dave Ramsey), and his self-help advice is also nothing new. What is unique about Hamm's approach is that he targets a younger generation and uses references and analogies that my generation understands. He also uses his own life as a backdrop and creates a familiarity with readers, connecting to us (or me at least) on a much more personal level.If you're in your 30's or 40's and suffering financial woes, the Simple Dollar is probably not the best book for you to pick up. Picking up something from Dave Ramsey, who will probably connect and resonate with you better, would be a better bet. If you're a 20-something or early 30's, or if you're a parent with a teenager, the Simple Dollar is an excellent financial and life advice book.
review 2: This is a nice inspirational read if you're looking for advice on big picture goal setting. As a financial model, however, it leaves a lot to be desired. Most of the advice is very basic: pay your debts, start a savings account, and live within your means. Some financial tips were so trite as to be irritating, such as the suggestion that one should make coffee at home and thus save 5 dollars per day. Who is spending 5$ a day on coffee?! Overall, of you're looking for a book that includes anecdotes on financial woes and some introspective goal setting, this is for you. If your concern is concrete budgeting, debt control, or personal finance advice, look elsewhere. less

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