Review of Reconfigurement
- Sonia_Gonzalez
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Review of Reconfigurement
Have you ever thought about how you want your future to be? When you retire, what are you going to do? How are you going to live? And right now, are you doing something you feel passionate about? Can you make money with your passion? If you were able to answer those questions with a yes or with confidence, I must congratulate you because you are on a great path. If not, don’t worry; Reconfigurement by E. Alan Fleischauer is the book you need right now.
The author has been working as a financial advisor for over 20 years, and the reason he decided to write this book is because most of the time, when his clients approach him wanting to retire, they realize they did not plan for it, and now they cannot live the life of their dreams. Although this book dives deep into finances and planning, it is easy to understand and discusses several topics like different types of insurance, career assessments, and how to make a retirement plan that does not negatively impact your spouse. The most important lesson I got from this book is that it is never too late to start planning and budgeting, but the sooner you do it, the easier it will be to achieve everything you hope for.
The book uses simple, gracious, and comical language that made me feel like I was talking with a friend who was trying to explain finances to someone without an economic-related background. I am not sure yet if I enjoyed the jokes and puns with them; I was not distracted or annoyed by them either. I think they helped lighten the mood and keep the reader engaged. I also enjoyed that the author encourages readers to skip the parts that are not applicable to them, as this is often what discourages someone when reading about finances—not being able to understand or relate.
Unfortunately, this book is meant to be read by Americans. This does not mean that, if you are outside the United States, you will not be able to learn or benefit from it, but it does cover some topics (like Social Security, Medicare, and Medicaid) that are specific to them. The good news is that you can take what you have learned and ask for professional advice from an expert in your country or try to adapt the knowledge you got from the book to start planning. The book also uses Wikipedia as a source multiple times, which I was horrified by, but despite that, I think this is a great book to get started on financial and retirement planning.
Overall, I rate this book 5 out of 5 stars. The book has been professionally edited, with only a couple of errors. The negative things I said don’t really take away from the knowledge and experience it provides. Above anything, I loved that you do not need to spend thousands of dollars going to a financial advisor, which might make you feel like you already made the biggest mistakes you could have, because this book shows that there are solutions to every problem.
I recommend this book primarily to Americans who are planning to retire one day (who isn’t?) but have no idea how to do it or how to plan it. Then I recommend it to readers who are interested in financial topics, could be working as advisors or in the economic field, or are simply planning for the future. While my main recommendation is for Americans, remember that regardless of your nationality, everyone can learn and benefit from this book like I did.
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Reconfigurement
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