Customer Reviews

Everyone's Money Book

5 star:		(6)
4 star:		(1)
3 star:		(2)
2 star:		(0)
1 star:		(1)

 

 

I've followed Jordan Goodman's advice for a number of years on television and recently bought this book. If he missed anything in money matters, it probably isn't worth mentioning. It is invaluable for the contacts he listed on how to save money....and frankly, it is loaded with lots of common sense. If couples would agree to read this book and adhere to his advice, the divorce rate would probably plummet (well, that may be extreme)

Everyone's Money Book is the most comprehensive,useful book on the market if you want to improve your personal finances. The book not only tells you how to invest, cut your taxes, get the best deal on insurance, etc, but gives specific resources like websites, associations, publications, government agencies that can help you put the advice into action. If you want even more detail on all these topics, check out Goodman's Everyone's Money Book Series by the same publisher on Credit, College, Retirement Planning, Financial Planning, Investing and Real Estate.

The problem with so many money books is they assume that being rich is what matters most. Of course financial security is nice, but if you make money the focus of your life, you're lost. After plowing through a ton of financial books, I found only one (The Mindful Money Guide) that seems truly balanced about money. This wise book recognizes the virtue of simplifying your finances without forgetting about the bottom line. It also recognizes the emotional and social effects of money.

As the author, I want you to know that this newly updated Third Edition of Everyone's Money Book is the most comprehensive personal finance book on the market. It has about 5000 websites, mutual funds, newsletters, government agencies,newsletters and helpful products and services that will save and makes you lots of money. It also tells you how to get the best deal on a car, save money when buying life insurance,get the lowest interest credit card, produce a valid will for about $30, allocate your 401k correctly, get the best mortgage and much more. Give it a try!

If you have this book on your shelf, you have no excuses. You may not read it cover to cover -- but any question you may have about managing your finances is answered somewhere in the 970 pages! Jordan gets you started and then provides you comprehensive bibliographies and webographies to explore your topic in depth. Every household needs an up-to-date reference guide and this is the best one out there right now. Unfortunately, it missed the latest changes to the tax code, but I'm sure the soon to be released Everyone's Money Book: Retirement Planning will catch them.

The book is thick. It consists if rich information in different topics in personal finance and investment.

Jordon has done an excellent job in illustrating some complicated concepts (e.g. stock and bond exchanges) in concise and clear wording.

The writer also produces some useful log sheets or records helping readers to work out their financial status. However, a drawback is that these sheets are put in-between main texts, interrupting readers from finishing reading pieces of writing. I am sure readers would find it more convenient if these stuffs were put at the end of each chapter.

This book might be used as a reference tool, but don't even try to use it to manage your own finances. Trying to cover everything, it leaves you with little advice about the right thing to do.

For example, take chapter 3 - "Picking Winning Stocks". A lot has been written about the false premise that you can actually pick winners from losers (a great introduction is Bogle's "Common Sense Investing"). But even if you think this is possible, what kind of advice do you get from here? You should become a professional analyst, read companies financial reports, analyze the ratios on the balance sheet, check their growth etc. etc. Trust me, you won't be able to do it better than the professionals, and even they get only average (or below average) results. Then, when you need to select a broker, pages 142-150 give you an endless list of options. I could copy this from the phone book - what I needed was a solid advice, not a list of all the licensed brokers in the US.

Talking about investing in the index, it is covered in this book - like everything else, from mutual funds to day trading. Yes, unbelievably, this guy discusses how to do day trading, perhaps the easiest way for financial ruin for novices and experts alike. What's next? How to maximal your gains from gambling? It could go on something like this: Divide your savings into 10 portions, pick a reputable casino (from a list of all the casinos in Las Vegas), and gamble every night on 10%. This would be perfectly in line with the rest of the book.

Disappointing.

I came across this book while reporting on credit card usage in college, and it still amazes me to this day how wrong I was in assuming a financial future without education on it. Topics like loans, how to properly finance college endeavors, and "maximizing your investment options" may sound like typical paths you cross when dealing with adulthood, but I learned far too late. I couldn't have found this book sooner. Pick it up quick. Used copies are $6 in paperback (as of the date I wrote this)! Just get it!

it arrived in a timely process and im learning more information as i read the book

This book was very helpful. After reading it I understand the terminology and principles behind investing. I also like the fact that the book helped you on your way as well by giving you further resources and tools to use after you're finished reading the book. I would definitely recommend this book to new investors! I would also recommend first reading Rich Dad Poor Dad by Robert Kiyosaki and Think Like a Billionaire by Scot Anderson.