Tuesday, March 27, 2018

Book Nook: 5 Day Weekend

I had a chance to review a unique financial book, 5 Day Weekend. This book is based on the idea that we should be able to give ourselves a 5 day weekend, flipping the traditional work week ratio.

One thing I really appreciated about the book was the math behind it. It wasn't encouraging people to just jump ship from a traditional career, but instead provided a variety of ratios for achieving various levels of financial wealth and independence. It also provided strategies for branching away from traditional jobs - how to know when the money makes sense.

It wasn't just about that, though. It also included elements of debt reduction and a discussion on what kinds of expenses should be cut, and what kinds were fine to keep. It discussed a variety of nontraditional investments, and ideas for "passive income" - income that builds on itself with little or no effort once the work is put in at the front end.

The book is honest that it takes work to get to a point of being able to quit traditional jobs. My only caution would be to realize that getting to a true passive income stream requires a lot of hard work and investment initially. Even after reading this book, many people are going to decide that the traditional work week and retirement work best for them, but if you've dreamed of being able to have financial freedom from a regular job, this book can help you get there.

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