on June 20, 2000
For a young man who does not know much about personal finances, this book has been great. It told me all the things that everyone is supposed to know, but I didn't. I am young and inexpierienced in handling my finances, and this book appealed to me because I do not think it was written to appeal to the know it all Wall Street audience. This book is already helping me get my finances together, and hopefully will see more from Chris Farrell in the future.
on August 23, 2008
I admit that I am a big Chris Farrell fan - I listen to him on APR's Marketplace Money and I read his blog. He has good, solid advice on personal finance and investing and I trust his opinions. I would have given this book 5 stars, except that I thought it was too "beginner" for me and I was looking for more advanced information. Also, having been written in 2000, some of the information is a bit dated. (I'm hoping he'll write a new book with current data for more advanced investors?!)
However, it's a good beginner book. It covers lots of the important basic topics:
Buying a Car
Buying a House
Kids and Money
Each chapter has a section for references at the end where readers can go to learn more information on the topic.
Overall, I think that if you are new to budgeting and personal finance, this is a great book to read. It has good, solid advice. Just keep in mind that for any of the details (like IRA Contribution limits), you will need to do additional research to get up-to-date numbers.