Rate this book

Money Rules: The Simple Path To Lifelong Security (2012)

by Jean Chatzky(Favorite Author)

3.52 of 5 Votes: 4

ISBN

1609618602 (ISBN13: 9781609618605)

languge

English

genre

Nonfiction

publisher

Rodale Books

review 1: Following Jean Chatzky's two principles and 94 rules will help you clean up and simplify your financial life. It won't take you more than an hour to whip your way through this tiny treasure trove of financial wisdom, subtitled, "The Simple Path to Lifelong Security." Committing to act on the rules may take more stamina for many of us, but the author is right to call her path a "simple" one that, indeed, leads to security. And who doesn't want that?
review 2: I love reading about money (which is really like reading about psychology or philosophy). Thanks to Evan for pointing me to this simple little book! Although the parts about investing were lost on me, the rest was full of helpful tips that always bear repeating, especially: #6 The four most powerful words i... moren any negotiation: "Can you do better?"#7 "More money" won't always make you "more happy." ...Money only buys happiness to a point. Beyond that, more money makes no difference in how happy you feel. [reminds me of the old saying, "enough is as good as a feast"]#8 The more time you spend looking, the less happy you'll be with what you find. [after a point, nothing can measure up to what you imagine exists out there / paralysis by analysis]#11 If you can't see it and you can't touch it, you won't spend it. [True. An internet savings account with no ATM card has worked very well for me.]#14 Financial plans don't fail people. People fail to plan. The only way to find financial security is to draw yourself a map. Folks who have specific financial plans that detail what they want save more than people who don't...Why? Because human beings are easily distracted (especially by shiny things). So unless you have a road map that tells you where you're going, it is very, very hard to get there. It's not that the map will never change...Revising your specific plans for the future is far better than not having any plans at all.#16 The best way to be comfortable is to be slightly uncomfortable. Putting that aforementioned money aside for emergencies will be easier if you're not feeling too satisfied with your lot in life. Researchers asked a group of people to rate their happiness on a scale of 1 to 10, where 1 is misery and 10 is bliss. Know what? The 8s have it over the rest. That's because 8s, while happy, are not so blissed-out that they believe everything in the future will be beautiful and rosy. They believe that emergencies to happen and as a result they plan for them. ["keep yourself low, but not too low"]#33 The Joneses are in debt...Make your lifestyle and purchasing decisions based on what you can afford, not what your peers are buying, and instead of coveting thy neighbor's car, try to feel smug about your fat retirement account, your zero credit card balances, and the car you own free and clear.#40 If it's good for the planet, it's usually good for your wallet. Think: small cars, programmable thermostats, compact fluorescent lightbulbs, a garden, refilling your water bottle...the list goes on.#72 The secret to successful investing isn't talent or timing. It's temperament...It's sad but true: Human psychology works against the behaviors that have historically led to good long-term returns.#81 The harder the sell, the faster you should run. ...the greater the chances that you don't need it. At all.#85 Six words to close any deal: "Can I get that in writing?"The Last Word: Finally, try to remember that in most cases, money doesn't cause your problems. You may have a work problem, an idea problem, a motivation problem, an organization problem, or a relationship problem. You don't have a money problem. But lack of money is the result. Focus on understanding and then unwinding the underlying issue -- even if you didn't do anything wrong to cause it. less

Download links for: Money Rules: The Simple Path to Lifelong Security

Advertising