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Title: Clocking Out Early
Genre: Nonfiction, Finances
Length: 214 pages (electronic)
Sensitive Content: None
Rating: 3 out of 5 |
If you haven't read a personal finance book to help you get started on your debt free journey, the Boormans do a good job of outlining some day to day categories that can help jump start your budgeting process and your journey. However, if you've read books by Dave Ramsey or Suze Orman, the concepts within the book itself do not differ that much.
I appreciate the draw down examples they provided. I felt this gave a real life situation where the market itself is not consistent from year to year but smoothed out as we look at long term investments. They also showed an example of where you'd run out of money and one where your money will last, based on your willingness to adjust your budget.
The travel hacking section was a fun addition as I don't typically see these in financial books. However, the scenarios they outlined are ones that I already follow, but would be good for those who have not yet tried this way to save money while expanding your travel budget/experience.
Why did I give this book a three star rating instead of something higher? Part of the title to this book is "The Ultimate Guide to Early Retirement". While they authors do a very good job of outlining the topics within the book such as budgeting, debt payoff, travel hacking, investments and more, I never picked up on the portion of the book that related to "FIRE" or early retirement, which was the main driver for me to read this book.
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