Book Review: Money: What Financial Experts Will Never Tell You
by Alan Williams, Peter R. Jeppson, and Sanford C. Botkin,
Publication Date: Sep 25, 2006
List Price: $19.99
Format: Paperback, 361 pages
Classification: Nonfiction
ISBN13: 9780978876609
Imprint: Time & Money, LLC
Publisher: Time & Money, LLC
Parent Company: Time & Money, LLC
Read a Description of Money: What Financial Experts Will Never Tell You
Book Reviewed by Shannon Simpson
When I moved to Washington, D.C. in 2007, I was in for a rude awakening. I
looked at my income compared to the cost of living and thought to myself “
this isn’t going to work. I immediately decided to take a proactive approach
to making sure I didn’t end up broke.
I was fortunate enough to come across a website that was allowing free
downloads of the book Money: What Financial "Experts" Will Never Tell You. I
downloaded a copy without hesitation and have been using it as a guide every
since.
The book is divided into two parts: Part I. The Money Mastery Principles and
Part II. Tax Strategies. The Money Mastery Principles totally changed
my relationship with money. Tax Strategies made me completely reevaluate the
idea of home-based businesses.
One of the lessons that stuck with me is that "You can have anything you
want. You just can’t have everything you want." It’s my money and I can
spend it “ after I save and give of course. I just have to choose what I’d
like spend it on. Thanks to the application of this principle, it’s not a
big deal for me to run out and grab dinner at a nice restaurant; but if you
look in my closet, you won’t find 200 pairs of shoes! I opt for a longer
vacation every year instead of hopping in my car or on a flight for every
three day weekend in between.
Something that is reiterated throughout the book is, "There are no future
decisions, only decisions made today that affect the future." When stated
that way, it becomes apparent that we should put more thought into what we
are doing with our money now, as opposed to confronting the issue when we
have more time, more money, or even worse, no money!
For some people, money management is a daunting task, especially when
weighing in investment options. I’d rate the following advice up there with
the best I’ve ever received, "You don’t have to know everything, but you do
need to know something." Essentially, the point the authors are trying to
make is that you need to know enough to know when to ask for help.
There is too much great advice in this book for me to summarize in one post.
This is only a partial summary of Part I.
This book would benefit anyone that wants to get a handle on finances, start
a home-based business, or come up with ideas for home-based businesses.
Related Links
Money: What Financial "Experts" Will Never Tell You (Part II)
http://aalbc.com/reviews/money2.html
The first 57 pages of Money Mastery