Finance Book

This is a book review of “The Financial Peace Planner: A Step-by-Step Guide to Restoring Your Family’s Financial Health”.

Description: Just as it says this step-by-step guide will help put you on the right track to making the right financial decisions for you and your family. Not only for right now but for years to come.

Review: I was in the book store the other day browsing for a book that might help me with my finances. I wasn’t looking for something that would help get me out of debt or to change the way I had my finances set up, but something that would help make the most of my money. Believe it or not I found this book and it had exactly what I was looking for.

This is one of the most informative books I have read on financial planning. It walks you through some of the most difficult areas in the finance world. I was saving for my child’s college and wasn’t thinking about needing an emergency fund. After reading this book and implementing some of these ideas I have both a college fund and an emergency fund. I’m not even strapped for money doing this.

Everything in this book is down to earth and practical. Anyone can use the information to gain control of their finances. It’s easy to understand and pretty much walks you through the entire process.

It also gives you some confidence in yourself so that you make the right choices. His faith based ideas and the courage to lay it all out there is a confidence builder on its own.

I believe this book to be a good choice for everyone. From the young gun to the older, well balanced person, there is something in this book that will help no matter where you are on the finical scale.

By: Richard T. Tyler

This is the first book in the Rich Dad series which stayed the longest at number one on the New York Times. Robert had two dads; one was his biological dad (poor dad) and the other his best friend’s dad (rich dad). Though he loved them both but their teachings of money often contradict each other. Eventually he followed rich dad’s advice that led him to financial freedom. Robert explains what parents tell or teach their children are very important. The parents of poor and middle class always tell their children to “Work hard and get good grades so that you can get a secure job with great benefits”. The rich parents on the other hand will teach their children to increase their financial intelligence as they know that the education system does not teach them about money but instead teach them to be employees.

Robert also defined Asset as simply money put into your pocket and Liability as money taken out of your pocket. He challenged the fact that our house which many people thought of is an asset is actually a liability.

Another fact that Robert discussed was that you can never get rich even if you have a very high salary if you are going to accumulate more liabilities that generates more expenses. With higher salary people go out and get a bigger house or car and live extravagantly beyond their means sinking into greater debt.

As this book is written with an American context, I found that many of the ideas and examples narrated by Robert can be adapted and applied in other countries. Robert also said it in his free audio downloadable that the fundamental operations of the rich in different countries are the same. I have applied some of his techniques, as I am not American, and have experienced success thus far.

This book is a must read for people who wants to have some basic concepts of finance. Robert’s very casual style of writing makes this an easy and enjoyable read which prepares you to absorb more complicated concepts in his next book Rich Dad’s Cash Flow Quadrant. Get it now!

By: Raymond Heng

Are you looking for an upbeat exciting financial magazine? One that won’t bore you to pieces?  Kiplinger’s Personal Finance Magazine provides readers with the information they need to make smart decisions about their money. Each issue includes intellectual reporting on investments, taxes, insurance, paying for college, planning for retirement, home ownership, major purchases such as cars and computers and other personal finance topics.

It provides very simple, relevant financial tips. It is not just a magazine that is easy on the eyes, but it has principles that can be applied to your life right now and save you a lot of money. Kiplinger’s has a nicely balanced approach and tone. It is not a preachy book and you will always find a tip, suggestion, or tax-saving idea that pays for your year’s subscription in every single issue. Talk about a worthwhile publication!

This magazine talks about how real people with average salaries, kids, and debt can invest for the future. With helpful articles, parents can learn how to teach their kids to manage money and do so wisely.

Kiplinger’s Personal Finance Magazine is an economical, appropriate, and authoritative choice for someone looking for a smartly laid out finance magazine that they can understand. It conveys complex financial concepts in easily, comprehensible terms and covers the information you need to deal with finances on a level you understand.

Financial magazines can be long, boring, filled with numbers and terms that a regular Joe just does not get. However, Kiplinger’s Personal Finance Magazine, is a magazine that even your older kids would love to read.

By: Richard T. Tyler