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

• Book Review: The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich By David Bach David Bach is well known for his books, Smart Women Finish Rich and Smart Couples Finish Rich and in this latest effort, he goes into more detail on the techniques he discussed in these books. While the title would make you think it’s yet another get rich quick scheme, it......
• 4 Tips to Improve Your Finances The more steps that you take to improve the finances, the better off you will be in the long run. With consumer debt levels reaching an all time high and personal rates of saving reaching an all time low, personal finance is beginning to more closely resemble rocket science. Here......
• 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......
• Review: The Teen's Guide to Personal Finance: Basic concepts in personal finance that every teen should know. Time is a resource that many teenagers don't realize is their greatest resource for finacial independence. "The Teen's Guide to Personal Finance" is a tome that will provide teenagers with important financial lessons, in a manner which will pull their interest and convey itself effectively in its intended task. The......
• The Single Best Investment By Lowell Miller If you have ever wanted to get into investing, but you weren’t sure where to start, there are thousands of books out there that will get you started. But they are not all created equal. From sky high hope crushers to real world advice, you’ll have plenty of topics to......

Related Websites

• Investing for Baby Boomers - A Book Review "You're Fifty - Now What?  Investing for the Second Half of Your Life" (Charles R. Schwab) I admit it, I'm a baby boomer.  That means I read books with words like "fifty" in the title, including this one.  It could have been titled "Investing for Baby Boomers" (as I've listed it in the......
• Book Review: Common Sense On Mutual Funds I began my personal finance education by reading Suze Orman's "The Money Book for the Young, Fabulous & Broke" to get a good overview as I began my personal finance journey. I then read two books on investing in the stock market. William Bernstein's "The Four Pillars of Investing" and......
• Why Didn't Anyone Teach Me This Review [/caption] It's not often that I do a book review. Though it seems that at least once a month some author's marketing team sends me a new book, I almost never get around to them. The biggest reason is that I'm an extremely slow reader and most books would take......
• Book Review: The Encyclopedia of the Violin The Encyclopedia of the Violin was first published in 1925 as a comprehensive reference of the history and evolution of the violin. It is still the number one source for all types of violin information, even after all these years. The book is written by Swiss-born Alberto Bachmann, himself a......
• Book Review: Insulate and Weatherize - Expert Advice from Start to Finish By Bruce Harley As energy costs continue to rise, many homeowners are starting to get serious about how much money they are wasting on home heating costs. In reality, if your home is poorly insulated, and you have not taken the steps to weatherize it properly, the fact is, your money is going......

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