The goal of this father-daughter collaboration is to break through the traditional taboos surrounding money and to bring solid financial advice into the context of the family, where it can be explored, understood, and implemented to the benefit of everyone. They begin by covering the fundamental principles that every investor needs to understand, and then they move on to cover joining forces in marriage, building your family's wealth regardless of market conditions, investing for your children's future and raising money-wise kids, retirement planning, estate planning, and dealing with the unexpected. Along the way, the authors offer advice about how to start the often difficult conversations that lead to smart decision-making, as well as how to talk gently, intelligently, and respectfully about the many issues that define and shape our attitudes about money.
©2003 The Charles Schwab Corporation; (P)2003 Random House, Inc. Random House Audio, a division of Random House, Inc.
"What sets this [audiobook] apart is the predominant theme of how to discuss and formulate specific financial plans with your family and loved ones." (Booklist)
I really expected that this book would give some practical tips on communicating about money. I have felt the strain of talking with my wife and parents about financial matters and I was expecting this book to be of assistance in understanding stress points, ways different generations think about money, risk tolerances, and other issues around money. This book did none of those things. This is basically a "spend less and stash money away even if you have debt" book. Frustratingly enough, it is not even a good book in that genre. Don't expect any actual tips on communication.
This book was misleading in it's title. I bought it as I thought it would help discuss money with loved ones. It does that for one chapter or so and then moves onto the basics of a financial plan including plugging their financial products. I played it with my husband in the car and was disappointed. It started out well with the discussion and goals subject but that was it. Then we were into working out risk profiles and managed funds vs direct stocks.
If you are looking for an overview of preparing a financial plan, then this may have good content for you. However, if you are looking for a book to help you discuss money with your spouse the first 20 minutes is the best bit.
I will declare that I haven't finished listening to the book so there may be more at the back but I don't want to listen to anymore to get there.
No. I bought another book at the same time and it is excellent.
Report Inappropriate Content