For many people, the ability to invest is a pie in the sky dream that will never be achieved, due to the fact that they may not believe they have “enough” money to invest. This book promises to allay those fears and help readers get a better view on personal finance, and working with what you have right now to solidify your finances later. This was an interesting premise for the book and we were very excited to read it, given the success of The Motley Fool website and how well esteemed the authors are in the personal finance industry.

The first few chapters contain some basic advice, but once you reach the third and fourth section, things start to get pretty interesting. If you are already well versed in managing your money but need some help on investments, you can easily just skip ahead to these sections and get exactly what you are looking for. However, it never hurts to get a refresher course, and the authors did a great job of making sure that the prose is quite readable and easy to understand.

We got a lot out of the fourth part, particularly the section on the ten most common investing mistakes. Anyone that is interested in investing in stocks should read this chapter at least twice before diving in. You’ll be able to avoid a lot of common mistakes and develop a solid game plan for investing in the future.

The fifth part was another big favorite of ours, particularly the section on “five months in.” This provides readers with a way to follow up on the advice they’ve implemented and see where they stand. While we may not agree with absolutely everything espoused in this book, there are still some real gems of information in here that cannot be overlooked, especially if you are truly interested in investing.

Although the target audience is definitely those that are completely new to managing their money, we did find some great nuggets of information in this book that will benefit even the most well versed financial whiz. The sections on investing are worth far more than the cost of the book and in many cases, it’s like being tutored by two of the best minds in personal finance. While some parts of the book may be old hat to pros, there is still solid information contained within these pages that cannot be overlooked.

For those that are completely new to personal finance, this book is a treasure trove of advice, strategies and good old common sense that can be put to immediate use. If you read only one book on managing money, this should be the one that graces your shelves. Each chapter is an education and it’s helpful to keep referring back to the book from time to time to stay motivated. We highly recommend this book to both finance pros and beginners.

Originally posted 2008-10-31 05:34:57. Republished by Blog Post Promoter

Related Posts

• Organize Your Personal Finances in No Time by Debbie Stanley If nothing else, the state of the economy has shown that millions of people don’t have a good grasp of how to manage their personal finances. There are hundreds of books written every year on the subject and yet, this concept still seems to elude many. Some books are either......
• Review: Why Smart People Make Big Money Mistakes and How to Correct Them By Gary Belsky and Tom Gilovich This fascinating book by a popular financial journalist and a college professor may not be the newest book on the shelf, and it may not have the most hype, but by far, it is one of the most interesting personal finance books we have ever read. This book goes where......
• A Million Bucks By Thirty Review By Alan Corey Everyone loves a true rags to riches tale, and although we’ve had some with the dot com boom, there were few that echoed the stories of immigrants that moved to the big city with a pocket full of pennies and a dream. We were thrilled to read this book and......
• Running Out of Time? How to Catch Up Financially Before it is Too Late Whether you are pushing thirty and trying to get your first home or your retirement is staring you in the face, there are times when you may feel as though you’ve run out of time financially. We don’t always make the best decisions when it comes to saving money and......
• Finding The Right Financial Balance If you are ready to get serious about managing your finances, it is vital to find that perfect financial balance that will help you reach your goals in less time. In many cases, simply finding that balance can make all the difference in how you view money and how well......

Related Websites

• Frugal Wealth Building - How To Build Your Wealth Cheaply   2 Chronicles 1:11-12 God said to Solomon, "Since this is your heart's desire and you have not asked for wealth, riches or honor, nor for the death of your enemies, and since you have not asked for a long life but for wisdom and knowledge to govern my people......
• Last Minute Gifts For The Frugals On Your List Over the years I’ve tried to compile a few last minute gift ideas. Oddly enough, I nearly waited until the very last minute to run this post, as we find ourselves on the final shopping weekend before Christmas. However, it’s not too late to add some frugal gifts to finalize......
• Book Review: Outdoor Survival By Garth Hattingh The author of this book is one of the most respected outdoor enthusiasts, experts and authors and this latest effort is truly spectacular. If you are planning on doing anything outdoors, whether it's boating, fishing, camping or hiking, this is the book that you need to read before you go......
• Book Review and Giveaway; Following The Goods: Financial Management for the Young and Ambitious /caption] For those skimmers out there, scroll down for the giveaway Following the Goods is a book written by a 28 year old Canadian, Adam Goodman and it was just published earlier this year. He sent me a copy for review here on my blog and it arrived this past......
• Top 5 Things I Hate About Personal Finance Blogs OK, I gave it a shot. The Weakonomist tried to do the traditional personal finance blog thing. It didn't work. The dry, daily content was slowly killing me. I love personal finance and its my passion, but I can't do what the other blogs are doing. Those close to......

Online Stores

• Solid Perfume Store

If you liked this article, vote for it on del.icio.us and stumbleupon.


Categories:

Book Review

Tags:

fears, finance industry, financial whiz, five months, game plan, gems, investing in stocks, investments, job, managing your money, motley fool, nuggets, Personal Finance, pie in the sky, premise, prose, refresher course, sky dream, target audience