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this book is very well-written. Very accessible by the layman or laywoman. I have read a few financial texts in my life and have invested in mutual funds and 401Ks for a while, so I am not a complete novice, but this was a good refresher on the differences between investing in stocks and bonds, the difference between taxable and non-taxable securities, what you should/should not invest in through a 401K compared to what you should/should not invest in through a directly purchased investment such as a mutual stock fond or mutual bond fond. He promotes purchasing funds rather than stocks or bonds directly because you get experienced management with your investment.
His approach is very sensible. He tells you what kind of insurance you need and what not to waste your money. He distinguishes between catastrophic insurance and insuring for possibilities that would not be catastrophic. For example, losing your ability to earn money when you have dependents is catastrophic. Having a fender bender that costs $500 is not. YOu can probably afford a deductible of $500 for your car insurance and you will spend a lot less every year in insurance (plus look at how much decreasing that deductiblew to $250 every year will cost you -- you might be amazed at how little sense it makes for you to carry that each year).
There are several chapters I did not read because they do not apply to me, so I cannot speak to them. These are chapters on saving for a child's education, buying life insurance (we have always had life insurance from our employers), and buying real estate.
His approach is very sensible. He tells you what kind of insurance you need and what not to waste your money. He distinguishes between catastrophic insurance and insuring for possibilities that would not be catastrophic. For example, losing your ability to earn money when you have dependents is catastrophic. Having a fender bender that costs $500 is not. YOu can probably afford a deductible of $500 for your car insurance and you will spend a lot less every year in insurance (plus look at how much decreasing that deductiblew to $250 every year will cost you -- you might be amazed at how little sense it makes for you to carry that each year).
There are several chapters I did not read because they do not apply to me, so I cannot speak to them. These are chapters on saving for a child's education, buying life insurance (we have always had life insurance from our employers), and buying real estate.
