For previous generations, living within your means was a simple formula. Now, with the staggering rise in health-care, medical, and housing costs, millions of people find themselves skating from paycheck to paycheck with no idea how to move forward.
As the most widely read personal-finance columnist on the Internet, Liz Weston has heard the questions and has the answers. This book will help listeners avoid critical mistakes, survive the bad times, and thrive in the good ones. Pointers include how to balance your budget, pay down debt, pay for college, save for retirement, and more.
Liz Weston’s goal is to provide the practical guide to the brave new world of money. What Sylvia Porter’s Money Book was to the 1970s, The 10 Commandments of Money will be for the 2010s.
©2011 Liz Weston (P)2011 Blackstone Audio, Inc.
“This book is money manna from heaven, and Liz Weston is the financial sage of our times. She’s revised the tired truths about finances and offers up smart, timely advice on paying off debt, investing for retirement, setting up a real-world budget for years to come, and more. I’d follow her anywhere!” (Beth Kobliner, author of Get a Financial Life)
“Financial columnist Weston provides a workable happy medium between fear and fecklessness…Loaded with tips and ideas and illustrated with plenty of examples, this book hits all the major themes for total financial literacy in a conversational, digestible tone…A godsend for the financially befuddled, bewildered, or just plain anxious.” (Publishers Weekly)
I tend to listen to or read a book in money/finances every month or so.
There were a lot of practical points that I enjoyed about this book. I think my main hangup is that the author depends on debt far too much. I am not as extreme as Dave Ramsey on the subject, but debt does not have to be as much of a factor in our lives as Weston allows for.
For instance, she says it is a good idea to have one's house paid for before retiring. My first thought was "no duh Liz!" Maybe a better goal is to have your house paid for before you are 40! Her point of course, is that you get a low cost loan with a mortage and can invest your money elsewhere. I prefer not to play the bow to the FICO score game, but to each his/her own.
Yes, it's worth listening to a second time to be sure that none of the information slips through the cracks. It's all common sense.
I have followed Liz for a while on MSN. This material should be taught in schools. very complete, very easy to understand and down to earth. Great job Liz!
No. There is a lot of information in the book, such as websites and book titles, that would be much easier to follow in a print version. It sounds ridiculous for the reader to read out a website link. "w-w-w-dot-go-to-my-site-dot-com-forward-slash-while-you're-driving-forward-slash-dot-h-t-m-l."
Although I wouldn't necessarily recommend the audio version of this book, the content would lend itself well to a print version. I plan to follow up on some of the information I heard, although it's difficult to take notes, etc. if you listen while driving or doing something else hands-on.
Someone who might like this book would be someone who hasn't the first clue about managing money at all. It's not for the "new economy" it's just for the regular, old economy. However, it's likely that someone like that is probably not reading a book on this topic.
Not this genre, but I'm more particular about which books like this I'll read.
Narrator was OK.
I didn't hear anything new about the "new economy". Title is overselling the book.
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