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Book Reviews of The Money Book for the Young, Fabulous & BrokeBook Review: LOVE IT!!!!! Summary: 5 Stars
This book must be owned by everyone!! She explains it all from credit scores, retirement, investing, and anything else you need to know. Not only does she break it down with examples she explains it in terms anyone could understand!! I loved reading this book and have passed it along to friends who also enjoyed it.
Book Review: A Money book even the Older, Fabulous & Broke can use Summary: 4 Stars
It does not take much to filter the good stuff in this book, true it is written for the younger set, but us older still financially "stupid" can get lots of important insights out of this book. You can give it as a gift to your adult children and they will not think you are over stepping your boundries, Just say " I thought you might need a little help". Very non-threatening.
Book Review: Great book for beginner Summary: 4 Stars
Easy read. If you know nothing about finances, then this is definetely a great place to start. The book touches on alot of topics and she explains thing thoroughly. It however fails to go very in depth on these topics. When finished with the book, I knew way much more than when I started it.
Book Review: Helpful but lacked certain reality checks. Summary: 3 Stars
Though a lot of the information is basic financial advice that every person should know, and I know she meant well, the chatty tone and colloquialisms she used bordered on infantile and/or condescending. The bright colors, large fonts and fancy graphics make it appear like the "young, fabulous and broke" can't handle regular books with, say, twelve-point text.
In addition, she lets the younger crowd (of whom I am a part, at 22) off the hook, as though our youth gives us an excuse to get in debt before we start to work! She suggests one should use credit cards to "cushion" his/her income, but the reality is that it is never wise to use credit when you have no money coming in. With the exception, of course, of if you can use financial aid, etc. to pay off the balance. I put myself thousands in debt by this method, and I am the rule, not the exception. Putting money on a card when you could invest time in work while in school is not wise financial advice--no matter how great of a student you are, or how important school is.
The fact she excuses this, even for "reasonable" purchases (which, let's face it, turn into thoughtless ones--coffee in the morning, fast food to go) renders her usually sound advice a bit unsteady, and all to appeal to the "young, fabulous and broke" crowd. I'm a part of it, as a young college grad, but I no longer buy the excuse that my lazy spending habits are a reason to trim my expenses or pay off my debt--and I earn only $1,000 a month.
I suggest checking out this book, if you must, in conjunction with her other ones--and for a more straight-forward way to deal with debt, check out Dave Ramsey.
More Customer Reviews: 1 2
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