Borrowing Trouble

Read It With Interest

How do you turn $15 into a lifetime nest egg? Use the money to buy The Generation X Money Book: Achieving Security and Independence (Adams-Hall Publishing, $15, 800-888-4452), then follow author Don Silver's clear, cogent and doable advice.

Silver, an experienced estate-planning attorney, illustrates how you can convert mere pocket change into a $200,000 nest egg, how investing $2,000 a year for just three years can net you $140,000 by the time you retire, and how to begin a savings plan with only $20 and grow it into a fortune. More important, he discusses what to do with your money and how to protect it from loss and taxation.

Leaving no stone unturned, Silver examines the realm of retirement plans (including the new Roth IRA), home buying, marriage, aging parents, children, banks, insurance, lifestyles, financial advisers, pitfalls and much more. This one is well worth a read.

Like this article? Get this issue right now on iPad, Nook or Kindle Fire.

This article was originally published in the April 1999 print edition of Entrepreneur with the headline: Borrowing Trouble.

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