Certified Financial Planner Ilene Davis Releases Insightful New Book, ‘Wealthy By Choice: Choosing Your Way To A Wealthier Future’
By Space Coast Daily // June 19, 2017
‘SIMPLE IDEAS’ KEY TO FINANCIAL SECURITY
BREVARD COUNTY, FLORIDA – Do you have enough in investments able to produce sufficient income to do what you want in retirement, when you want, with whom you want for the remainder of your life, without having to “work?” If you are like most people, the answer is a resounding “no!”
Ilene Davis, CFP®, a Certified Financial Planner and investment advisor has been helping her clients build wealth and plan for a secure future for more than 30 years, and change that answer to a confident “yes!”
She has combined her professional and personal experience with keen financial insight and instinct into her first book, Wealthy By Choice: Choosing Your Way To A Wealthier Future, which was recently published by Tablet Publications of Cocoa Beach and is now available on Amazon.com, BarnesandNoble.com, TabletPublications.com and ChoosingWealth.com.
We are delighted to announce that Wealthy By Choice: Choosing Your Way To A Wealthier Future is also available directly through Space Coast Daily at a 10 percent discount off of the retail $22.95 price to any of our readers and viewers who purchase the book by August 31, 2017. To purchase Wealthy by Choice at a discount price of $20.65 email SpaceCoastDaily at contact@SpaceCoastDaily.com requesting purchase of the book including your phone number and email address.
Space Coast Daily caught up with Ms. Davis, who answered some questions about her new book:
SPACE COAST DAILY: Congratulations on the release of your book, Wealthy By Choice: Choosing Your Way To A Wealthier Future! What motivated you to write this book?
ILENE DAVIS: This has actually been something I started working on almost 20 years ago as I saw how little many really smart people, in fact many actual “rocket scientists,” did not understand about what I call “the math of finance.” What I observed over the past 30 years is that, in spite of multiple magazines on the subject, dozens of books, and several TV shows, the wealth of the typical American family had changed little. In fact, a recent article found something like 40 percent of U.S. households couldn’t come up with $500 in an emergency without borrowing it.
For years I have been sharing my insight and philosophy on money, investment and related political/policy matters with my clients through my quarterly newsletter. I’ve been fortunate to have the opportunity to help a lot of people build wealth and security, but what finally was my “kick in the butt” to write the book was a letter from a woman that I had talked to that made me realize what I knew could help others outside of my immediate sphere in a profound way.
SPACE COAST DAILY: There are dozens of personal finance books already out there. What makes yours different?
ILENE DAVIS: I agree, there are dozens of great books on the subject of personal finance, my favorite being The Richest Man in Babylon. But, after all the ones I’ve read, I believe what makes my book different is that it clearly shows how small investments, combined with time, can create substantial future wealth and ongoing income.
My book is full of simple ideas that just about anyone could easily implement in their own life that could enhance their future wealth.
SPACE COAST DAILY: Please give us an example of one of those “simple ideas.”
ILENE DAVIS: One of my favorites is an idea I proposed to a young couple over 30 years ago. When we first met and did their budget, it turned out the husband would take $50 a week in cash for gas, lunch, and so on. I asked him to consider “meeting me half way,” which is the chapter title of that particular story in the book. The idea was that he would take $25 a week, but save the other $25. What I do in the book is take this idea, and show that if they had done that for 50 weeks a year, for just 3 years, that 20 years later, assuming a 7 percent annual return, the accumulated wealth would be enough to withdraw almost $900 a year, every year, for the rest of their life.
SPACE COAST DAILY: Do you have any advice for our readers?
ILENE DAVIS: While money should never be the most important thing in anyone’s life, the sad fact is that money problems create people problems that can ruin health and destroy relationships. In my book, the first chapter starts out with “A Quick Question” which asks: Given a choice, which would you choose: To BE rich, or to LOOK rich?
Whether you read my book or not, take the time to truly understand the power of compound interest and the effects of inflation. And start an investment program. There are dozens of ways to get started with as little as $100 a month. That’s less than $5.00 a day.
Personally, while I’m sure there are millions of Americans who have accumulated at least reasonable wealth, I believe most people will benefit from working with a financial professional to help them know, and accumulate, enough financial resources to be able to afford to do what they want, when they want, with whom they want.
SPACE COAST DAILY: What’s next for you?
ILENE DAVIS: More of the same with a continued focus on using technology to spread the word and help educate people on wealthy choices. I’m working with a partner to develop webinars, worksheets, and other informational tools, such as the patented Choosing Wealth™ Calculator, which is now available online in a form designed to make it quick and easy to calculate solutions to a wide variety of personal finance questions. Visitors that go to www.choosingwealth.com will gain knowledge that will enable them to make more informed and, hopefully, wealthier life choices.
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