2 of 2 people found the following review helpful
Decoding Financial Planning,
This review is from: The Quiet Millionaire: A Guide for Accumulating and Keeping Your Wealth (Hardcover)
I checked this book out of the library, and liked it so much I decided to go to Amazon.com and buy a copy to keep. As a single mom who is looking to understand finances for myself so I can plan for retirement within 15 years and get back on my feet financially, I found this book solid, but very readable. I want to understand the system of financial planning, retirement, and financial management for myself, and I feel I have learned to really understand some things I have always felt were over my head. I was especially interested in his information on the difference between tax preparation and tax planning, as well as the strengths and shortcomings of different kinds of insurance and retirement accounts. He does a good job of explaining why some of the common myths about investing are really not the best way to go. This is not a simple skim and go upbeat book about "quick fix" or "trust my formula" investment. It's a clear, readable explanation of an array of vehicles for financial planning that sets out to help you understand them so you can plan for yourself, or know what to look for in a financial planner. Don't be put off by the word "millionaire" in the title, you don't have to be rich to find this book useful. It's more about "quiet" - the steady, informed, reliable way of building wealth. For example, the section on investing explains diversifying not from the fear something may go down, but based on the understanding that various will instruments go up or down, and you set up your plan with that in mind, so you will always have some "with their time in the sun." I recommend this if you aren't just looking for a "get rich formula," but rather want to really understand how good financial planners work, and what is possible for real people.