Monday, November 4, 2013

Book Review: Guide To The New Rules of Personal Finance


"Get on a budget. For the personal finance write, this is a bit like recommending that people floss more." 

-The Wall Street Journal: Guide To The New Rules of Personal Finance (The Essential Strategies for Saving, Investing, and Building a Portfolio in a World Turned Upside Down) p. 23
Dave Kansas 


Pros

1) The most important "pro" for this book: It was relevant to today's times. Published in 2011, this book gives specific advice on how to handle your money that is general enough to be applicable for a long period of time, but is also tailored to what is currently happening in the market. He addresses how investors should change their strategies in the aftermath of the 2008 economic disaster, which I think a lot of people should be curious about. 

2) It didn't read like a textbook, and I never felt like falling asleep. There are plenty of charts, graphs (which most personal finance books have) that make information easier to digest. 

3) At the end of the chapter, there is a "Suggest Reading" list, which is great for finding more sources relevant to the topic of the chapter. 

Cons

I think you should have a pretty good financial vocabulary before you read this book because the author sort of assumes things like: you know the difference between private and public sectors, you are aware of of current events, you are aware of past events (especially recent fiscal crises). 

Verdict

Definitely read it if you're interested in current events and being hip, but I would not recommend this to be your first book on personal finance. 

--

As always, contact me with questions or suggestions! You can either comment directly on the post or send me an email to moneymattersjoan@gmail.com. 

Photo Credit: Arlington Libraries

No comments:

Post a Comment