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Don’t Die Broke! By R.L.Borom: A Review
August 18, 2020
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Don’t Die Broke: Easy Steps on How to Save, Invest and Build Your Wealth by R.L.Borom is a fast-paced, easy reading, and a beacon of knowledge book for those who want to make money! It offers nine easy steps to follow to grow your wealth, regardless of your age or current wealth status. Borom went from a janitor to a millionaire, putting him in an excellent position to educate us all.
The main thing I loved about this book was how straight-forward it is in comparison to complicated and quite dull books about investing that spring to mind. It is well written and accessible for everyone, without any financial jargon that does not resonate with most people. The book aims to develop your own efficient system of combining adequate savings and investments.
Changing how you see and use your money (economic behavior) may sound like a difficult process, but Borom makes it much easier than it appears, and he provides examples about his own experiences which really brings the tips to life and makes them feel achievable. As Borom uses easy language, uses a straightforward structure, and is concise - it is very easy to see what he is trying to say without having to make any implications about what the writer is getting at. For a beginner, this is extremely useful!
Furthermore, he offers ideas about how to save money that anyone can benefit from, such as simply bringing your own lunch to work which could be up to $20 extra in a savings pot each week! This is a great tip for workers to stop wasting excessive amounts of money as well as students who are saving up for college. Additionally, he suggests creating a monthly budget for yourself on how much you plan to spend on each sector of your life and to create an investment account. I enjoyed Borom’s tips on how to save and how to budget your money in order to get the most out of it
Throughout this book, Borom cites different services you can use to help you on your journey to getting rich. A whole chapter is dedicated to providing the reader with different mutual fund companies and giving some brief information about them to get you up and running. This is particularly useful for beginners who do not know how or where to start with investments. The structure is very clear and easy to follow - which I found very useful and easy to follow.
Overall, I would highly recommend this book to anyone - of any age, gender, or cultural background, in order to boost their wealth and get the most out of their money. R.L.Borom is a very talented writer, who is making wealth accessible to everyone, even those who have no prior financial background.
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Meghan Bolland
Journalist
Carmet College - St. Helen's, England