January 8, 2009

Book Review: Put Your Money Where Your Heart Is by Natalie Pace

Everyone wants to be rich; which is why countless books have been written, suggesting ways to build wealth, by as many experts on the matter. Natalie Pace’s “Put Your Money Where Your Heart Is: Investment Strategies for Lifetime Wealth” may be just one of them, but I appreciated her book because she shared her own experiences and spoke in simple terms to readers like me, amateur investors.

Pace’s approach gives a layman’s view of the forest as well as the trees. She laid out the basic principles of investing, the fundamental guidelines in designing and maintaining a sound investment portfolio, and the various wealth-handling challenges one has to deal with. She stresses that it’s not just about getting rich, but also about staying rich.

What makes “Put Your Money Where Your Heart Is” a compelling read is how Pace reveals her own successes through real-world examples. She shows how she handled her investments over the years and describes which companies she studied, recommended, and built her own wealth on. She shares her personal investment strategies openly and clearly; and she nutshells every major lesson with three important takeaway tips.

“Put Your Money Where Your Heart Is” is a good how-to book in investing that even a newbie can quickly understand and immediately apply. Regardless of whether the overall economic situation is in flux, Pace’s chapters like “The Magic of Stock Report Cards”, “Lessons from Enron”, and “The Top Eleven Investing Mistakes” remain universally pertinent. In fact, the book details how to invest wisely so that wealth becomes recession-proof.

Natalie Pace’s book details practical answers to crucial questions like “How do I choose a broker?”, “How do I buy low and sell high?”, and “How do I diversify my nest egg?” For me, though, the best takeaway of all is her set of tips that describes “The Foolproof Get Rich and Stay Rich Plan.” After reading this book, I feel that I’m psyched to learn more about enjoying a lifetime of wealth.