Placentia, CA (PRWEB) July 16, 2007
Most people have no idea that the egg and English muffin sandwich they have been picking up on the way to work each morning will end up costing them $517.40 over the year (assuming they purchased it 5 days a week) and a potential 22 pounds. If they had invested that same amount of money in an interest bearing account with 10% compounded interest, they would have $3,338.83 in 5 years, $8,832.23 in 10 years and $32,741.45 not to mention all the pounds saved. Using that same scenario, if a café latte was also purchased, it would cost approximately $793.00 a year, totaling 19 pounds. By putting that money in an interest bearing account for 5 years they would have saved $5,117.30, 10 years ... $13,536.84 and 20 years ... $50,181.62.
Weight and money go hand in hand. Today's society loves convenient and fast foods, which are also high in calories. These are the same food items that can add up over time and make a serious impact on a budget as well as a waistline.
In their new book RICH AND THIN Slim Down, Shrink Debt, & Turn Calories Into Cash (June 2007; McGraw-Hill; $16.95; 0071494146), Deborah McNaughton and Melinda Weinstein make the content fun and definitely different than any other personal finance book. McNaughton and Weinstein explain to readers how to cut back on wasteful spending and make their money work for them while cutting back on calories. The book features the Money Calorie Counter which lists hundreds of favorite food items along with the calories and savings by cutting back. Readers will also see how much money they could have in 5, 10 and 20 years if they invested that same amount of money.
Obviously, people have to eat and it is impossible to avoid spending money all together on food. The point of Rich and Thin is that by making wise eating and purchasing decisions it is possible to trim the waistline while bulking up savings.
Rich and Thin also teaches how to find hidden money, whether it is through food consumed or other purchase addictions such as music CDs, magazines or clothing. Once readers find this hidden money, they can make their money work for them through a workable budget, wise investing for retirement, mutual funds or even real estate. Rich and Thin even explains how to save for luxury items and share wealth by giving to charitable organizations. After reading this book, readers will learn how they can achieve their financial dreams.
McNaughton and Weinstein have also developed a website to go along with their book, Rich and Thin. Everyone is encouraged to join the Rich and Thin Living Club by visiting, http://www.richandthinliving.com.
About the Authors:
Deborah McNaughton (Brea, CA) is a nationally recognized credit expert, financial columnist and author, and sought-after speaker. She has appeared on CNN, CNN-FN, "Good Day New York" and many other television and radio programs.
Melinda Weinstein (Goodyear, AZ) is a credit and financial expert and cofounder of the Financial Victory Institute with McNaughton.
Contact: Melinda Weinstein (888) 838-4768, mweinstein @ financialvictory.com
Title: Rich and Thin
Subtitle: Slim Down, Shrink Debt, and Turn Calories Into Cash
Authors: Deborah McNaughton and Melinda Weinstein
Pub Date: June 2007
Price/Format: $16.95/Original Paperback