This book was a great read - I think tha's probably one of the benefits of reading a book on finances written by two English majors.
Pros:
- Helps you understand where to start in your personal world of finance. I especially enjoy the fact that there is an especially abhorrent attitude towards debt (i.e. - pay what you owe before you every try to put that money anywhere else).
- These guys don't promise any fast cash, but employ a methodology that tends to scream, "slow and steady wins the race!"
- The advice is sound, and there isn't any threatening terminology to find yourself lost in.
- Like I said before, it's a great read. You aren't necessarily reading a manual written by guys who want to lay out the bare facts. You will be reading an entertaining and thoughtful tome on how to have fun with the way you think for your financial future.
- The authors don't seem to assume any drastic steps here - just being smarter with what you have.
Cons:
- While the book helps you start in your personal world of finance, it still leaves a lot for you to figure out on your own. In the end, I was still wandering around the Internet trying to find more information. The book shows you a good direction in which to move, but it doesn't necessarily show you the door in.
- The book isn't written for everyone. The authors admit this throughout their writing also.
- Shameless self-advertisement - but it's funny at the least.
My general perspective:
(Third time, at least) This is a GREAT book. Even if you don't think that you can trust yourself to make a deposit in a savings account, give this book a chance. It opened my eyes to see that there are a lot of people out there making a lot of money and doing very little to merit their worth. These guys aren't business or marketing majors, but their experience speaks through the written word. They won't lose you in a milieu of doublespeak, but sort of hold your hand in understand how you can be your own money manager - and I like that.
This is a work that is for the ordinary man - the sort of fellow that doesn't feel like working his way through a financial dictionary just to understand a book on personal finance. I found this book in my local library - and that's $11.20 you can take straight to the bank!