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Book Reviews

Book Reviews

Do You Respect Your Money?

I recently skimmed Suze Orman’s book entitled The 9 Steps to Financial Freedom and Step 5 caught my attention, which is to be respectful of yourself and your money.  The concept of respecting your money may sound a bit strange, but the way Suze describes it makes sense.

Respecting your money means taking care of it properly.  To quote Suze: “Your money is governed by how you treat it: it’s that simple.  It thrives when you are being responsible, respectful, and doing honorable things with it.”

In other words, don’t abuse it and it will actually take care of you.  Spend money within your means rather than spending more than you earn.  Be honest with what you have rather than pretending you are rich.

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July 13, 2011
Book Reviews

How To Become An Automatic Millionaire

The Automatic Millionaire: A Powerful One-Step Plan To Live And Finish Rich by David Bach

If you want to become a millionaire without ever having to create a budget, be disciplined or live extremely frugally, I would recommend that you read Davd Bach’s book entitled The Automatic Millionaire.  In his book, the author suggests that anyone, regardless of their income, can become a millionaire in their lifetime.

You may be wondering how this could be.  Well, Bach suggests that you set everything up automatically and then you are free to just live.  For example, set up automatic contributions into your retirement savings account and your emergency fund savings account.  Set up automatic biweekly payments into your mortgage, and so on.

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May 4, 2011
Book Reviews

A Great Tax Resource for Americans

J.K. Lasser’s Your Income Tax 2011: For Preparing Your 2010 Tax Return

Whether you do your own taxes or you hire an accountant, if you are an American, you will benefit from reading J.K Lasser’s income tax book.  It provides you with all kinds of tips that will ensure you are filing your taxes properly and maximizing your tax savings.  Even if you have an accountant do your taxes, it is still important for you to understand any tax credits or deductions that you are entitled to.  It is in your best interest to make sure you are taking advantage of everything available to you..

The book is an easy to read, comprehensive guide that will walk you through the tax process, outlining information on the various tax forms, and much more.   After skimming this book, you will be well equipped to tackle your taxes.  While doing your taxes, if you come across something that is unclear that requires clarification, you can be sure you will find the answer in this guidebook.

Use J.K. Lasser’s book as a reference while you prepare your taxes to ensure that it goes as smoothly as possible.  Since we are not all tax accountants, it is nice to know that there is a well written and easy to understand guidebook that can walk you through the process and make it less painful.

Check out this book today.  You will not be disappointed.  There is information in this book that will be helpful to anyone who has to file taxes in the United States.  The book covers a wide range of topics including discussions about IRAs, real estate, life insurance, and so much more.

 

March 21, 2011
Book Reviews

Read The Laws Of Money By Suze Orman

The Laws Of Money, The Lessons Of Life: Keep What You Have and Create What You Deserve by Suze Orman

I just recently finished reading an interesting book by Suze Orman entitled The Laws of Money, The Lessons of Life.  It discusses the five laws of money that we can follow in order to be financially successful in life.

The five laws are as follows:

Law 1: Truth Creates Money, Lies Destroy It

Suze’s first law is very simple.  Don’t lie about your financial situation. Don’t buy what you cannot afford and don’t pretend that you are richer than you are.  Live within or below your means rather than allowing yourself to get into bad debt.  Don’t think that others will not like you if you don’t appear to have a lot of money.  People will like you for who you are and not for what you have.

Law 2: Look At What You Have, Not At What You Had

This second law is about living in the present and not in the past.   There is no use comparing yourself and your money to something that no longer exists.  The past has no power over you unless you give it power.  Be sure to focus on what you have now and work with that so that you can move forward and be successful.  Don’t continue to live with regrets from the past.

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March 7, 2011