The Last Safe Investment audiobook cover - Spending Now to Increase Your True Wealth Forever

The Last Safe Investment

Spending Now to Increase Your True Wealth Forever

Michael Ellsberg and Bryan Franklin

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Career & SuccessMoney & Investments

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Mind Map

The Last Safe Investment
Core Philosophy+
Spending & Savings+
Super Skills: Interpersonal+
Super Skills: Creativity+
Super Skills: Mental Models+
Super Skills: Well-Being+
Building Equity+
Cultivating a Tribe+

Quiz — Test Your Understanding

Question 1 of 9
According to the authors, what is the primary flaw of traditional financial advice that focuses on stocks, interest, and pension funds?
  • A. It requires too much upfront capital to get started.
  • B. It relies heavily on external factors that are beyond your control.
  • C. It forces you to delay retirement until you are too old to enjoy it.
  • D. It generates lower long-term returns than investing in real estate.
Question 2 of 9
What does the acronym SAFE stand for in the context of the authors' alternative financial plan?
  • A. Secure Assets and Financial Equity
  • B. Strategic Allocation for Future Earnings
  • C. Self-Amplifying Financial Ecosystem
  • D. Savings, Assets, Funds, and Equity
Question 3 of 9
How does understanding your 'Happiness Exchange Rate' help improve your financial situation?
  • A. It helps you identify high-yield dividend stocks that match your risk tolerance.
  • B. It reduces wasteful emotional spending by focusing on purchases that bring lasting joy.
  • C. It allows you to barter services with friends instead of paying with cash.
  • D. It encourages you to negotiate a higher salary based on your workplace happiness.
Question 4 of 9
Based on the research mentioned in the book, true leadership and the ability to influence others is most closely linked to which trait?
  • A. Personal charisma
  • B. Technical expertise
  • C. Ruthless negotiation
  • D. Empathy
Question 5 of 9
Why do the authors consider creativity a 'SAFE super skill' for long-term career protection?
  • A. It allows you to design better marketing materials for your personal brand.
  • B. It guarantees that you will eventually be promoted to a senior management position.
  • C. It is highly valued by employers because it is something machines and AI cannot do as well as humans.
  • D. It helps you visualize your financial goals and retirement plans more clearly.
Question 6 of 9
How can non-technical employees remain highly valuable and effective in tech-based companies?
  • A. By learning basic coding languages in their free time.
  • B. By using mental models to understand how processes, inputs, and outputs interact.
  • C. By focusing entirely on human resources and payroll management.
  • D. By delegating all complex technical tasks to offshore contractors.
Question 7 of 9
According to the book, what is a surprising factor that directly links to a more productive and creative work life?
  • A. Working at a standing desk
  • B. Avoiding all social media during the workweek
  • C. Drinking at least three cups of coffee a day
  • D. A healthy sex life
Question 8 of 9
What is 'adviser equity' as described in the book?
  • A. Receiving shares in a business in exchange for acting as a business mentor or coach.
  • B. Purchasing stocks in a company based on a financial advisor's recommendation.
  • C. The increased market value of a company after it goes public.
  • D. A cash bonus paid out to employees who refer new hires to the company.
Question 9 of 9
What is the primary purpose of building a 'tribe' according to the authors' philosophy?
  • A. To pool money together to invest in high-risk mutual funds.
  • B. To create a group of people with a shared vision who help each other succeed and provide security.
  • C. To form a union that can negotiate better wages and benefits with employers.
  • D. To build a large social media following for personal branding and marketing.

The Last Safe Investment — Full Chapter Overview

The Last Safe Investment Summary & Overview

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.

Who Should Listen to 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

About the Author: Michael Ellsberg and Bryan Franklin

Michael Ellsberg is a freelance copywriter and activist for civil liberties. He has authored and co-authored several books, including The Education of Millionaires: Everything You Don’t Learn in College About How to be Successful.

Bryan Franklin is a business strategist who works with VPs and CEOs to enhance their leadership skills. He has been an entrepreneur since high school, where he sold his friends shares in his experimental theater company.

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