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Title: An Outdated Book for the Rich and Healthy
Review: An interesting book, but really only workable if you have $400K--$500K in assets. What's worse, Terhorst assumes you'd be living off the interest generated by investing your assets in CDs earning a currently unheard of 8% interest.In addition, the book doesn't touch on health insurance. I'm guessing that when he wrote the book almost 15 years ago, health insurance was far more affordable than it is now. Either that, or he was assuming that you could self-insure if your assets were so high.I'd like to see this book updated for the 21st century--i.e. how to "live off your assets" when interests rates are 2% or less, and how to live on "$50 a day" (Terhorst's mantra) while still securing health care.
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