Part 2: Spending Less, Saving More Chapter 7: Trimming Your Taxes Part 3: Building Wealth through Investing Chapter 8: Considering Important Investment Concept Chapter 9: Understanding Your Investment Choices Chapter 10: Investing in Funds Chapter 11: Investing in Retirement Accounts Chapter 12: Investing in Taxable Accounts Chapter 14: Investing in Real Estate: Your Home and Beyond (p305 – 8) Part 5: Where to Go for More Help Chapter 19: Using Technology to Manage Your Money (p403) Chapter 20: On Air and in Print (p410 - 11) Part 6: The Part of Tens Chapter 21: Survival Guide for Ten Life Changes (p427-9)
i was expecting insights and real life examples or experience stories. i wouldn’t recommend getting it, even if u have little to no knowledge on finance. there’s literally more detailed and helpful FREE articles online than in this ~$40 book.
Everyone should read at least one book about personal finance in their early twenties. This book will walk you step by step toward dealing with money, you'll get familiar with Earning Spending Budgeting Saving Investing Insurance Retirment And setting life long financial goals This book will answer important questions which most of us don't even bother asking but can turn our lives upside down Planning your personal finance properly is a necessary skill that will benefit you alot and you'll finish this book with a different ideaology about personal finance
"For someone who has their personal finances in order, this will be a boring and basic book. For someone who is just figuring out how to manage their finances, this is a great book. I read this book when I was feeling weighed down by our finances and debt. This book helped me think systematically about what we were doing with our finances, helped refine a plan to retire all our debt, and convinced me the need to save and invest for the future. Since I read this book, I have read a number of other books about personal finance and investing. While several of these books gave me a deeper understanding of the topics, not have contradicted what I learned in this book. Personal Finance for Dummies has all the advice I would hope a parent would pass onto their children about money. Unfortunately, a lot of parents don't know many of the things found in this book or don't think to teach their children how to effectively manage their money."
The investing parts of this book were not very good. The information was very outdated and did not discuss TFSAs properly. I think if you're interested in investing, just read "The Millionaire Teacher".
However, obviously this book was meant as a sort of encompassing resource for personal finance. If you are a complete novice and beginner who needs someone to tell you brands aren't worth the money - this will provide you with a ton of helpful information. If you're not - well it's pretty long so there'll be some content for you too. Still, I wish this had been condensed more. It was a bit of pain to read since a lot of the material I already knew.
What have I become? I used to be cool! I majored in film and writing because I was going to be the next Orson Wells AND write the next Great American Novel! WHAT HAPPENED?! Alas, dreams give way to reality, which is much richer than you would expect. Unless you read "richer" as "having actual dollar dollar bills ya'll," in which case um, no. I have a beautiful wife and daughter, but we live with her folks out in the country. I spent the first 26 years of my life with absolutely no concept of personal finance. Worse than that, even. I took out high interest private student loans when I was 18 and went to college for 5 years because I was still hoping I'd figure out what I wanted to do. I wasted so much of that loan money on useless crap. It makes me blind with rage just thinking about myself back then. I have spent the last three years whipping myself into financial shape, and when I sat down and read Personal Finance for Dummies, I knew my transformation was complete. I entered the cocoon a passionate young man and emerged from my pupa a grizzled adult who cares only about making the most money possible with my limited skills and ruthlessly providing for my family. This is who I am now. God help us all. That said, while I found Eric Tyson to be dry and probably on the opposite political/ideological spectrum as myself, he did a good job explaining the oft maddening realms of money, mortgages, investing, interest rates, and all that crap. It provided a nice foundation for prospective homebuying, which is the whole reason I went "money mad." My wife looks at me with the same look Dr. Frankenstein gave his monster. "YOU NEED TO BE PUTTING MONEY IN YOUR 401K ESPECIALLY IF THEY HAVE A 5% MATCH ARE YOU DENSE?!" she would say to me when I was working at Half Price Books. I have become a monster.
This contained some good informative stuff. I didn’t quite finish it because I experienced it as an audiobook - and just couldn’t digest all the little details - let alone incorporate them in to life based on the audio alone. I had to throw in the towel at about the 80% mark.
This may be a good resource to go through as a paperback with a pencil & notebook however.
My only other issues with it were: (1) that it was pretty dated as a financial resource. It’s been 15 years since this was published. And since the author gives detailed information about web pages and other current information at the time, it’s long due for an update. And (2) that it was VERY abridged. I suppose that this makes sense for an audiobook - especially a financial audiobook. But with a run time of only about 3 hours, it seemed like too substantial of an abridgment for me.
Exactly what I wish I'd learned in school. Good reference. Reading Sections 1-3 straight through is a good intro to the subject for a complete beginner.
For someone who has their personal finances in order, this will be a boring and basic book. For someone who is just figuring out how to manage their finances, this is a great book. I read this book when I was feeling like I should get to prepare for my future personal finances and possible debt. This book helped me think systematically about what I should be doing with my finances and convinced me the need to save and invest for the future. I never thought I'd be so absorbed by a book like this but when you're in that weird transitional state between student and independent adult, a book like this can feel empowering. I can't believe this stuff isn't required education for public schools or even expensive colleges.This book also includes a lot of valid personal advice. Don't become obsessed with building wealth, personal relationships can be more valuable than anything.