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Financial Fitness: The Offense, Defense, And Playing Field Of Personal Finance (2013)

by Chris Brady(Favorite Author)

4.91 of 5 Votes: 3

ISBN

0985802057 (ISBN13: 9780985802059)

languge

English

genre

Mystery & Thriller

publisher

Obstaclés Press

review 1: Will be posting another review on my blog in the near future ....In short: The book is VERY eye opening. Having been already taking a 'financial literacy shower' the past few years, many of the 47 principles were already known to me, however, how they are packaged here is a tour de force. There are far too many people who do not even follow 1 or 2 of the 47, so introducing them this way will surely lead many more down the same pathways as me. At some point, the member of this social network may see some reviews out there talking about how the principles are not conventional, or unorthodox, or even concerns that the recommendations are paranoid (!?) -- not so in the least. These are reactions to being shown the light of financial wisdom that is almost covered by complete d... morearkness for those who have never been taught wealth thinking, or how to be an owner (Georgics). There's nothing wrong w/ the people who may do this -- its just a reaction and not a metaphorical (depth based) response. For those who are familiar with the teachings of George Clason, Robert (and Kim) Kiyosaki, and Dave Ramsey, a lot of the content will be familiar in some context, shape, or form. This is a must read. Now, to get to work on implementing many of the principles that aren't already recurring habits .... :-)
review 2: One of the best books on handling personal finances I've ever read. I was going to give it five stars but a couple things held me back. First, I really have issues with the "investment hierarchy" they propose, in which the bottom 4 of the total 6 sections on the pyramid are basically cash and cash equivalents, #3 being "survival protection" - like building a bunker with food, ammo and gold or something (the book doesn't actually recommend that, but it's that mindset that I see for this section). When it FINALLY gets to stock market and/or real estate investing in section 5 they say "for many people, the best advice is to largely avoid these investments". I couldn't disagree more.OK, so - I have huge issues with that chapter and the "right wing paranoid" mindset that I perceive from putting "survival protection" as #3 on the pyramid, BUT... most of the rest of the book is really good. I like that they lay out both financial offence and defense rather than just focusing on debt reduction (defense) or investment and savings options (offense). It's a very well written book, easy to read. Comes with a workbook and six CD's that are all very good. Start by saving 10% and tithing 10%, THEN work on debt reduction. Not what most of the personal finance books I've read suggest. Many timeless thoughts included here - get $1000 in an emergency fund asap. 3-6 months expenses into emergency fund to fully fund. Pay off debt using what they call "debt roll-down" (also known as "debt snowball"). Pay cash for everything. Avoid consumer debt. All done in a way that engages the reader and makes you feel like it will be possible to achieve.I'd put this in the same league as writings by Dave Ramsey and John Cummuta, two of my favorite authors on the subject of personal finance. Certainly worth the investment the LIFE organization asks for the book, workbook & 6-CD set (about $100).7/12/14 Reread this book and lowered my rating to three stars. As many good ideas that are presented here, there's just too much that I don't like (especially the investment hierarchy and later in the book discussions about precious metals and world economies) to go higher than that. When this book is good, it's very good. I'd say it's good 50% of the time. less

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