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 -
Lessons in Personal Finance The past few years have been especially tumultuous for many people as far as personal finance is concerned. There are a number of lessons that can be gleaned from this, and if you can take these lessons away from the past few years of losses, you may be able to...... -
WSJ Complete Personal Finance Guidebook By Jeff Opdyke When it comes to a trusted source for financial news and information, it’s hard to beat the Wall Street Journal. They have introduced a line of guidebooks on many financial topics, but for this review we’ll be taking a look at their Personal Finance guidebook. While it may be a...... - 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......
- Review of Missed Fortune 101 There has been a lot of hype surrounding Douglas Andrew’s book, Missed Fortune 101. Many people gushed that it unlocked the secrets to becoming a millionaire, so I went into the book with high hopes. I was pretty disappointed to discover that much of the advice is already well known......
Related Websites - A Lifetime of Lessons: More Than 50 Years of Expert Instruction to Help You Play Your Best Golf Now By Marshall Smith with David Denunzio Marshall Smith is one of the most recognizable names in golf instruction, and if you’ve ever wished you could get a lesson with him, this book has the whole experience down to a tee. You’ll feel just like you’re right with Smith, learning and growing as a golfer. If you......
- Book Review: World Atlas of Golf - The Greatest Courses and How They are Played Mark Rowlinson The World Atlas of Golf was first published more than 30 years ago, and since then, each and every addition has revealed to golfers the best courses available. This latest edition gives the fully informative treatment to over 70 courses, giving the treatment to courses that have not yet graced......
- 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......
- The Downhill Lie By Carl Hiassen For those of us that adore the sport of golf but fully acknowledge that it can be the most maddening exercise on the planet, it’s always nice to stumble on a memoir that is both fun to read and useful. Carl Hiassen’s book may not win any great awards like......
- Book Review: Eating on the Run by Evelyn Tribole Is your job making you fat? Our current society puts so many demands on our time that eating healthy is one of the first things to fly out the window. It’s just easier and more efficient to grab something quickly, but before you know it, you’ve packed on the pounds......
- Penny UK (Great Britain) Europe Coins: World Coins & Paper Money
- Gold UK (Great Britain) Europe Coins: World Coins & Paper Money
- Duck Stamps Back of Book United States Stamps
- Shilling UK (Great Britain) Europe Coins: World Coins & Paper Money
- Personal Gear United States Original Period Items WW II (1939-45) Militaria Collectibles
Categories:
Book Review
Tags:
0 comments ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment