Personal Finance for Dummies

Everyone will at some point or other in their lifetime come to the realization that wealth management is quite beneficial for realizing your projects. This can, and should start at an early age, and at the time I discovered this book, I was just waking up to the fact that I would have an advantage by knowing where I stood financially in the world.
I recommend this book for the absolute beginner. Any experience in personal wealth management will render this book of minimal usefulness.

"For someone who has their personal finances in order, this will be a boring and basic book. For someone who is just figuring out how to manage their finances, this is a great book. I read this book when I was feeling weighed down by our finances and debt. This book helped me think systematically about what we were doing with our finances, helped refine a plan to retire all our debt, and convinced me the need to save and invest for the future. Since I read this book, I have read a number of other books about personal finance and investing. While several of these books gave me a deeper understanding of the topics, not have contradicted what I learned in this book. Personal Finance for Dummies has all the advice I would hope a parent show more would pass onto their children about money. Unfortunately, a lot of parents don't know many of the things found in this book or don't think to teach their children how to effectively manage their money." show less

Eric Tyson has written a great intro to personal finances. This book covers basic financial information such as savings and investing, as well as in depth information on taxes, insurance and debt reduction. Tyson's tone is very conversational and not preachy at all, which makes for an enjoyable read. I think it is a must read for young people even if you think you know all there is to know about money. I didn't expect to learn a lot of new stuff and still I ended up with some useful tips that I will definitely apply to my financial life.

For someone who has their personal finances in order, this will be a boring and basic book. For someone who is just figuring out how to manage their finances, this is a great book. I read this book when I was feeling weighed down by our finances and debt. This book helped me think systematically about what we were doing with our finances, helped refine a plan to retire all our debt, and convinced me the need to save and invest for the future. Since I read this book, I have read a number of other books about personal finance and investing. While several of these books gave me a deeper understanding of the topics, not have contradicted what I learned in this book. Personal Finance for Dummies has all the advice I would hope a parent would show more pass onto their children about money. Unfortunately, a lot of parents don't know many of the things found in this book or don't think to teach their children how to effectively manage their money. show less

Eric Tyson has written a great introduction to personal finance.
I have first read his book after I have graduated from college. Now, almost four years later, most of the information is still relevant. This is a great book if you are new to personal finance. Tyson goes over how to save, manage debt, investment, financial products to avoid, picking right financial advisor, and etc. The 2003 edition I read had shown sign of its age by advocating real estate investment as one ways of building wealth.
To be fair to Tyson, he did pointed out the many pitfalls of real estate investment. I really like Tyson's attitude toward personal finance(eg. don't keep up with the jonese and etc.)

Overall, this is a great book, I will r-eread it again in show more the future. show less

Thank you for REMINDING AND HITTING me on the head! A VERY GOOD BOOK! three thumbs up!!!

"Another problem with seeking to amass wealth is that tomorrow might not come. Even if all goes acccording to plan, will you know how to be happy when you're not working if you spend your entire life making money? More importantly, who will be around to share your leisure time? One of the costs of an intense career is time spent away from friends and family. You may indeed realize your goal of retiring early, but you mabe putting off too much living today in expectation of living tomorrow....
Making and saving money is like eating food....The right amount, perhaps with some extra to spare, affords you a healthy, balanced peaceful existence. Money show more should be treated with respect and acknowledged for what it is - A MEANS TO AND END..."

"...please consider your HIGHER LIFE GOALS AND PURPOSES. What are your non-financial priorities (family, friends, causes) and how can you best accomplish those with the financial resources you do have?" show less

If "your finances reflect the history of your life more than they reflect a comprehensive plan for your future," this book may break the chain of "financial illiteracy passed on from generation to generation" by helping you "make a short list of your financial marching orders" from here to mature financial habits and arrangements.