Saturday, November 16, 2013

7 Steps to Financial Freedom by Anton Ivanov

The first book of the popular personal finance blogger Anton Ivanov discusses 7 steps to achieve financial freedom. It reminds me Dave Ramsey’s 7 baby steps, but Anton focuses more on investment and passive income compare to well-known financial guru. 

The other difference with Dave Ramsey is debt elimination strategy. While Dave Ramsey advocates for debt snowball (pay off your debts starting with the one with the least to the one with the greatest balance instead), Anton suggest avalanche strategy as the best one. 
Avalanche strategy focuses on paying off your debts starting with the one that has the highest interest rate and working your way down. Here is his main argument “The reason the avalanche method is better, in my opinion, is because it will help you become debt free faster and will save you a lot of money on interest.”

Besides, “7 Steps to Financial Freedom” outlines traditional for personal finance books advice on budgeting and saving. I liked the last part of the book, including best investment books recommendations and links to portfolio management software.

It took me just 39 minutes to read "7 Steps to Financial Freedom" in PDF. 
So I can recommend it as quick start for people interested to view the long route to financial freedom. As Anton says “Financial freedom is a really big goal. There is no doubt that it requires a huge commitment”.

7 Steps to Financial Freedom is free to download from this nice looking page

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