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The Last Safe Investment summary
Michael Ellsberg
Bryan Franklin
Spending Now to Increase Your True Wealth Forever
23 mins
Brief summary
The Last Safe Investment by Michael Ellsberg and Bryan Franklin is a book that challenges traditional investment practices and suggests investing in one's own skills and knowledge to achieve financial security and success.
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The Last Safe Investment
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Key idea 1 of 8
To safeguard your future, shift your focus from finances to earning potential.
What does financial security look like to you? Is it a huge savings fund that generates enough interest to cover your living costs? Or perhaps it’s an extensive investment portfolio. Or it might even mean having a well-paid job in a company that values you.
All these scenarios align with the advice that most financial advisers give. But they have one major flaw: they all rely on factors that are beyond your control. You could lose your job through no fault of your own. The stock market could crash. Your living costs could unexpectedly change.
But there’s something you can invest in that won’t ever lose its value, regardless of the state of the world. That something is you.
The key message here is: To safeguard your future, shift your focus from finances to earning potential.
What happens to stocks and investments is largely out of your control, which makes most financial plans risky. But if you place yourself at the center of your plan, you can start working toward true wealth. True wealth acknowledges that money alone won’t make you happy. As a human, you also need freedom, love, the potential to grow and learn, and the scope to be creative.
Based on this concept, the authors have developed an alternative financial plan called SAFE. SAFE stands for self-amplifying financial ecosystem. It's a model that creates financial safety by focusing on three disciplines that support the growth of three key assets: your savings pot; your equity; and your tribe.
Don’t be put off by the word “discipline.” SAFE isn’t one of those financial plans that’s designed to make your life miserable. It takes your happiness seriously by increasing how much you enjoy life today, rather than expecting you to defer it until you retire.
Following SAFE’s disciplines will help you develop super skills – the soundest way to maximize your earning potential. What’s more, you’ll see how the SAFE plan can give you financial security and, in the process, ensure you achieve far more than your savings target. You’ll discover a way of life that makes you feel supported, connected and free.
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What is The Last Safe Investment about?
The Last Safe Investment (2016) flips financial planning on its head by focusing on the one thing you have full control of: yourself. Its model will teach you three disciplines that support three areas of wealth, to shore-up your earning potential and increase your daily happiness.
The Last Safe Investment Review
The Last Safe Investment (2016) is a thought-provoking book that challenges traditional notions of retirement planning and offers a fresh perspective on building wealth. Here's why this book is worth reading:
- It provides alternative investment strategies that go beyond the stock market, empowering readers to diversify their portfolios and protect their wealth.
- Backed by research and interviews with successful entrepreneurs, the book offers practical insights and actionable advice for creating financial security.
- With its engaging storytelling and relatable examples, the book keeps readers hooked throughout, ensuring that the topic of finance remains intriguing and engaging.
Best quote from The Last Safe Investment
The more you love the seedlings that sprout in your mind, the more fertile the mind itself becomes.
—Michael Ellsberg and Bryan Franklin
Who should read The Last Safe Investment?
- Anxious savers seeking greater financial security
- Professionals wanting to expand their earning potential
- Investors looking for new ways to build assets
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The Last Safe Investment FAQs
What is the main message of The Last Safe Investment?
Invest in yourself and your relationships for true wealth and fulfillment.
How long does it take to read The Last Safe Investment?
The reading time for The Last Safe Investment may vary. However, the Blinkist summary can be read in just 15 minutes.
Is The Last Safe Investment a good book? Is it worth reading?
The Last Safe Investment is a valuable read. It offers insights on creating wealth and meaning in your life.
Who is the author of The Last Safe Investment?
The Last Safe Investment is authored by Michael Ellsberg and Bryan Franklin.
What to read after The Last Safe Investment?
If you're wondering what to read next after The Last Safe Investment, here are some recommendations we suggest:
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