Retire Inspired: It's Not an Age, It's a Financial Number Hardcover – January 12, 2016

Yes, I will admit it. I would have never heard of or read this book if it wasn't for the constant endorsement and promotion by Dave Ramsey. But as a follower and recent debt-free screamer live from his studio (hour 2 of the Dec 14 show), I am a firm believer in his plan and everything he teaches. It has worked very well for me and my family. So I am reviewing this from the perspective of a huge Dave Ramsey fan who is very interested in seeing what his new "Ramsey Personality" (Chris Hogan) has to offer.* Context *If the name Dave Ramsey doesn't sound familiar, it definitely will by time you get a few pages into this book. Chris Hogan is, afterall, a full-fledged "Ramsey Personality" that operates under the Dave Ramsey brand. As such, nearly everything in Retire Inspired is consistent with Dave's advice and brand. In the context of Dave Ramsey's 7 Baby Steps (made famous in his Total Money Makeover book), Retire Inspired is really about steps 4-7. If you want to get anything out of this book, you should already be through steps 1-3 before worrying about your retirement, unless you plan on re-reading this later on when you get there. Both Chris and Dave strongly recommend doing these steps in the proper order. In a nutshell, steps 1-3 are being free of all non-mortgage debt and having an emergency fund of 3-6 months of expenses. The foreword of this book (by Dave Ramsey) briefly recaps these seven baby steps and it is important to understand them before delving into Retire Inspired as they are constantly referenced throughout.* Chris Hogan *Like many, I first heard of Chris Hogan by his many guest appearances on the Dave Ramsey show. There is a reason he is marketed as the "Voice of Retirement". Retirement is the topic he specializes in and THAT VOICE. Seriously, I would recommend anyone interested in reading Retire Inspired first listen to just ten minutes of him speaking, so that you'll be able to read the entire book in his voice rather than in the voice of a faceless financial guru. It's deep, powerful, and attention-grabbing. In fact, I would love to go through it again in the audiobook format. He speaks with confidence and finesse, and getting to know a little bit more about who he is really does enhance the reading experience.Throughout the book, Chris makes many topics more relatable by tying them into many interesting stores from his life, and the lives of others he met through his experiences as a financial counselor. Some of these stories are kind of predictable, but some of them do very well at hammering home the message that regardless of your age, you can't ignore the importance of starting your retirement planning *now*. I've heard Dave Ramsey mention in jest the fictional book "100 Ways to Prepare Alpo" multiple times, as a deterrent to ignoring retirement planning, but Chris actually recounts a story of someone in his life that had nothing but dog food in their pantry post-retirement. Yet she did not own a dog.* Topics Covered *Each topic is usually introduced with one of Chris' personal stories where he finds a way to wrap it into a retirement lesson. As you would expect, he covers budgeting, types and methods of investing, tax-advantaged accounts, insurance products to get and avoid, and how to avoid many pitfalls that have ruined the retirements of countless others. The core message is to dream big, but put that dream on paper so you can make it happen.While a couple of the topics (history of a 401(k)) might not excite someone with a decent knowledge of finance, there is plenty of advice in there that almost anyone should be able to learn something. I went into the book with a pretty good background in finance, so the topics I found most interesting were more centered around behavior and relationships. Afterall, it's hard to retire inspired when your uninspired thirty-year-old son is still living in your basement.* Consistency *This is through-and-through a Dave Ramsey book. It is almost 100% consistent with anything I've ever heard Dave advise on his show or in his publications. Had they changed the text and picture on the cover of the book, you could have told me Dave wrote it and I would believe you. Here are some of the familiar concepts you'll read in Retire Inspired:- Save at least 15% for retirement, but only after all non-mortgage debt is paid off- Invest in mutual funds, not single stocks or bonds, evenly across these four categories: Growth, Growth & Income, Aggressive Growth, and International- Get term life & long-term disability insurance, avoid whole life insurance- Make a plan to have your home paid off before retirement- Have a will and estate plan- Retire a millionaire on only a couple hundred bucks a month (if you start early enough)The only thing I noticed different from Dave's advice is all investment projections throughout Retire Inspired use a 10% return assumption instead of Dave's usual 12%. But the 12% debate gets old and is so distracting to worthwhile discussion that I am actually happy about this. His detractors constantly beat him up over the optimistic 12% figure, but they are missing the point. Whether you get 6, 10, or 12 percent, what matters is that you are constantly investing. Because even if you only end up with a 6% return, you'll end up with a significantly better retirement than people too busy whining about rates of return to bother actually investing.* Call to Action *Early on, you'll be prompted to find your Retirement IQ (R:IQ) from his website, ChrisHogan360 dot com. This will ask you some questions and spit out a dollar amount that can help you get started with a gameplan and a good idea of where you need to be now, to end up where you want to be at retirement. As he frequently says, retirement is a number, not an age.Near the end of the book, Chris gives a great gameplan summary tailored to each age group (20s, 30s, 40s, etc). An inspired retirement is within your reach no matter when you start, but since you can't escape the reality of math, the later you wait, the more pressure you'll have to keep up. As you are still young, there is more importance of starting regular retirement contributions, regardless of how little or much you can contribute to it. Time and compounding are your friend. As you get closer to retirement, it becomes more important to make sure you safeguard it with the proper insurance and planning, as well as avoiding relationships, habits, and poor decisions that can quickly destroy decades worth of progress. If this book can even motivate you to save and invest a few bucks extra each month, you'll end up better off during retirement to the tune of thousands of dollars.* Summary *Retire Inspired for me, was reinforcement of many great ideas I have already subscribed to as a big Dave Ramsey fan. But even if you aren't a fan, now is a great time to become one. If you never even get past Dave's foreword in the book, you'll benefit immensely as I have from simply implementing the seven Baby Steps in your financial plan. It's simple, yet solid and proven advice to set yourself up for unbelievable prosperity.I have followed all of Dave's and Chris' advice in my own life and can personally attest to its effectiveness. It's not fancy or complicated, but it works, and is the reason my wife and I were able to pay off our house and do our debt-free scream live on Dave's show a few weeks ago. In fact, its simplicity is far more a pro than a con. It won't leave you confused and wondering what the heck you're doing like many other financial advisers I've listened to. It is the reason I have confidence in my own retirement outlook and I can easily recommend it to anyone else who wants to experience true financial peace. I would have loved for Chris to go even more deep into detail about some topics, such as mutual fund selection, or setting up a will. But I have a feeling we will be seeing and hearing much more from Chris Hogan, and I look forward to getting even more inspiration to help me retire with dignity and leave a legacy for future generations.

I am enjoying reading. This book is very informative. It has a lot of wisdom and direction and how to go about doing retirement and finances in a way that you will be able to maintain your freedom and not have to work while you’re retired. They are great strategies for planning for retirement at any age but again take your time reading it don’t rush through it. You may even want to take a few notes as you go.

I can't recommend this book enough. This book is very readable for the average person. It has wise principles and timeless wisdom. If you are young and you decide to follow it, it will probably add at least a million dollars to your retirement portfolio. As he says in the book, "Who ever retired and was angry they had too much money"? My wife and I have performed about 150 pre-marital counseling and it is on our recommended book reading list. For my wife and me, what's our goal? We're looking forward to having both the time and the money to help others in our retirement.

Really good read. I'm 36 and already feel like I am probably behind in getting going in the retirement planning. Hogan gives a lot of good inspiration, life lessons, and some sound financial advice. As already a Dave Ramsey fan, this is easily a companion book in the Ramsey series of books. While I liked that, you can tell from the obvious exact same teachings as Ramsey are mimicked in this book. So basically, I feel like if you're not a fan of Ramsey's teachings, you probably won't fully appreciate this book..even though you should.In addition, if you've heard Hogan's deep Barry White-like voice on Ramsey's radio/youtube show, then you'll be able to really comprehend and speed through reading this book as it is written just like he speaks. For me, that always helps. If anything, this book is a good ass-kicking to anyone needed to get the ball rolling on retirement planning...starting at any age.

Chris touches on some very important financial issues but also relational and emotional issues which play such a big part when handling money.

Being pretty sophisticated about financial affairs there wasn’t a substantial amount of new information for me but there were nuggets of valuable information that were helpful such as when to contribute to a Roth and information about estate planning. However the book is valuable from an inspirational perspective (the book is appropriately named!) with many quotes that you should write down then commit to memory. It also was motivational and a reminder that it’s never too late to begin a new path or make a mid-course correction. I enjoyed the blend of financial advice and personal reflections (the author’s blend of faith, family and humorous and serious anecdotes woven with his financial insight was refreshing). To those who are sophisticated investors there won’t be anything really new here (although there are reminders about what to do to safeguard wealth) however you shouldn’t necessarily avoid spending a few dollars on the Kindle version as there are life lessons worth reading. To anyone else, particularly those just starting out or those ten years into their careers who have started off on the wrong foot (debt and little to no savings) you won’t regret reading it AND putting his plan into action.

As a young mind trying to navigate a world of uncertainty, This book has done wonders for me and my financial future. A very well written and thought out book!

So glad I read this book. I’ve already changed my habits thanks to Mr Ramsey. This book has provided invaluable information to help me plan for my retirement while explaining in layman’s terms the fascinating world of stocks, shares and mutual funds. For the first time ever I can say mutual funds make sense to me now, thank you so much.

Very inspiring. Ideas for putting plans in place and motivating one to make change. Definitely recommend this book to anyone

This book changed the way I think of my own future.It helped me in a variety of ways.No more spoilers, just the book.Cheers

Chris Hogan's honest opinion about retirement.