38 of 45 people found the following review helpful
Original Thinking in Personal Finance,
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This review is from: The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money (Hardcover)
I've been in the financial planning business for a quite some time and read just about everything in the industry, and The Behavior Gap is truly original thinking. Most of the books in the field are advice driven whereas this book is more about challenging your thinking about money. This forces you to think about challenging questions about how you deal with your finances.
This is a good book for both the consumer and the financial planner. I think a lot of financial advisors tend to get caught up in the nuances of financial planning such as getting a higher interest rate or saving the maximum amount on taxes, but it is really behavior that challenges most people with their money.
People usually know what to do with their money, but they don't always do it. This book addresses those topics and is an important contribution to both the public and the financial planning community.
In full disclosure, I received an advance copy, but I did not know the author prior to reading the book. I highly recommend it.
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Initial post: Feb 9, 2012 6:23:16 AM PST
"The Behavior Gap is truly original thinking."
This is a critical comment. One that needs SERIOUS elaboration. In what way is it "original"? Just saying so does not make it so.
In reply to an earlier post on Feb 15, 2012 7:57:47 PM PST
Chuck Rylant says:
The reason it was original from my perspective, is that from the many books I've read on personal finance, the majority focus on shelling out tactical strategies with money. This book focuses mostly on asking the reader tough questions so they may reconsider some of their current thinking about money.
In reply to an earlier post on May 7, 2012 9:32:22 AM PDT
There was a lot of original writing, but very little original thinking. People have been studying and writing about the matters addressed in this book for decades.
In reply to an earlier post on Feb 17, 2013 3:48:23 PM PST
iris mack dayoub says:
You know when people get so focused on one word that they miss the message, they probably don't get the book's message either.
Posted on Mar 12, 2013 8:40:45 AM PDT
[Deleted by the author on Mar 12, 2013 3:52:58 PM PDT]
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