Book Review: the 10 commandments of money: survive and thrive in the new …

Among the topics he discusses include budgeting, credit, retirement, insurance, and education. He introduces each chapter with a statement about what has been the conventional wisdom, a statement of how discretion is changing during the bubble economy, and what the new rules should be. Debt, for example, the old rules: “all the bad debt. Pay off as quickly as possible. “As long as the bubble: there is no need to worry about paying the debt; There are better things you can do with your money. New commands: pay off bad debts, using good debt. His basic thesis is that when debt is inevi, since it seems to most of us, it is important to realize that not all the same debt. Some of the debt more expensive than others. Some of the debt that comes with more consequences for failure to make payment. Sense then determine which debts to pay off as soon as possible and which remain in the delay.

This is the kind of practical wisdom that he handed out throughout the book. He pointed out the importance of early retirement saving by describing how to appreciate the contributions over the years. He explained the importance of higher education, but pointed out that it is not necessary to buy education more than you need to fulfill the purpose. He guides the reader through the swamps student loans, Bankruptcy Law, mortgage, insurance options, and even a cell phone plan. Although sometimes he seems to repeat itself, because there are a lot of overlap in some chapters, writing is always clear and easy to understand.

This entry was posted in Money. Bookmark the permalink.

Comments are closed.