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Personal Finance For Dummies, 5th edition (Paperback)
by Eric Tyson
| Category:
Personal finance, Investment, Self help |
| Market price: ¥ 238.00
MSL price:
¥ 218.00
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MSL rating:
 Good for Gifts |
| MSL Pointer Review:
Easy to read and understand and packed with useful information, this is an first-rate, no-nonsense guide to getting your personal finances into tip-top shape. |
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Author: Eric Tyson
Publisher: Wiley
Pub. in: September, 2006
ISBN: 0470038322
Pages: 448
Measurements: 9.2 x 7.4 x 1 inches
Origin of product: USA
Order code: BA00563
Other information: 5th edition
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- Awards & Credential -
Now in its 5th edition, this bestselling book was awarded the Benjamin Franklin Award for Best Business Book of the Year. |
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- MSL Picks -
Personal finance is a subject rarely taught in schools, and so it's understandable that many may be uncomfortable when they have to face their financial situations. This book is for those people who feel as though they don't have control over their money and financial goals, and don't know where to turn to in order to get that control. There are many other books out there, mainly motivational, that prey on such readers, but they hardly give any practical or useful advice. Rather, they tell you what you already know intuitively, and make you think that you're hearing it for the first time. You don't gain any more understanding, and you don't change your bad habits.
Eric Tyson helps you to learn about ways to save, invest, and buy insurance. He doesn't fluff up the book with lame, tangential stories. He doesn't try to sound profound when speaking simple truths. He sounds more like a teacher who is just trying to explain the basics of sound financial behavior. If you know a lot about personal finance, there may not be much that is new here; it's a "dummies" book after all. But all the advice is well grounded and he explains it well. Of course, some people will disagree with some things. Perhaps you don't want to invest in mutual funds (which he enthusiastically recommends) and would rather play the market by researching individual companies on their own or day trading according to message board tips. But to advise that would be ridiculous. For all the time and hassle involved, the average person may not realize any returns doing that. For the average person, mutual funds are a very good way of earning healthy returns in the long run, without much effort.
This book is the financial equivalent of a weight loss book that rejects fad diets and instead advises you to stick to the fundamentals, such as getting regular exercise and eating more lean foods like fruits and vegetables. In this book, Tyson lays out the basics of personal finance, namely, eliminate "bad" debt, reduce frivolous spending, invest wisely, and start saving for future expenses such as retirement, home ownership, and children's education. He has no agenda to push, so he is free to warn his readers of the risks of taking investment advice from those who do. And it is written in a clear style that is easily understood by even the least financially savvy reader.
In short, this is a terrific place to start for a person who wants to get started on the path to smart long term money management. We highly recommended this popular and practical book to everyone, especially those who are new to the world of personal finance, even though part of the coverage doesn't apply to the non-U.S. countries.
(From quoting Eric Gudorf and King, USA)
Target readers:
General readers
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Eric Tyson first became interested in money more than three decades ago. After his father was laid off during the 1973 recession and received some retirement money from Philco-Ford, Eric worked with his dad to make investing decisions with the money. A couple years later, Eric won his high school's science fair with a project on what influences the stock market. Dr. Martin Zweig, who provided some guidance, awarded Eric a one-year subscription to the Zweig Forecast, a famous investment newsletter. Of course, Eric's mom and dad share some credit with Martin for Eric's victory.
After toiling away for a number of years as a management consultant to Fortune 500 financial-service firms, Eric finally figured out how to pursue his dream. He took his inside knowledge of the banking, investment, and insurance industries and committed himself to making personal financial management accessible to all.
Today, Eric is an internationally acclaimed and bestselling personal finance book author, syndicated columnist, and speaker. He has worked with and taught people from all financial situations, so he knows the financial concerns and questions of real folks just like you. Despite being handicapped by an MBA from the Stanford Graduate School of Business and a B.S. in Economics and Biology from Yale University, Eric remains a master of "keeping it simple." An accomplished personal finance writer, his "Investor's Guide" syndicated column, distributed by King Features, is read by millions nationally, and he was an award-winning columnist for the San Francisco Examiner. He is the author of five national bestselling financial books in the For Dummies series on personal finance, investing, mutual funds, home buying (coauthor), and taxes (coauthor). The prior edition of this book was awarded the Benjamin Franklin Award for best book of the year in the Business category.
His latest book, Mind Over Money: Your Path to Wealth and Happiness (CDS/Perseus), examines the problematic financial habits people engage in and provides proven strategies for overcoming them. Eric's work has been featured and quoted in hundreds of local and national publications, including Newsweek, The Wall Street Journal, Los Angeles Times, Chicago Tribune, Forbes, Kiplinger's Personal Finance magazine, Parenting, Money, Family Money, and Bottom Line/Personal; on NBC's Today Show, ABC, CNBC, PBS Nightly Business Report, CNN, and FOX-TV; and on CBS national radio, NPR's Sound Money, Bloomberg Business Radio, and Business Radio Network.
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From the Publisher:
Personal Finance for Dummies offers sound and practical advice for those who want to get control over their personal financial lives. Author Eric Tyson points out the most common mistakes that we all make in our approach to money and prescribes ways to save and invest for a secure future. Using worksheets, the book helps you to measure your own financial health by looking at factors such as how much debt you carry, your savings rate, as well as investment and insurance checkups. The book looks at how you should invest your retirement account, approach taxes, and provides a good overview on how to buy real estate.
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| View all 13 comments |
Kristin Davis (Kiplinger's Personal Finance) (MSL quote), USA
<2007-01-12 00:00>
Detailed, action-oriented advice… A standout personal finance primer. |
Chicago Tribune (MSL quote), USA
<2007-01-12 00:00>
Tyson doesn't tell you what to do or consider doing without explaining the hows and whys - and the booby traps to avoid - in plain English. |
Newsweek (MSL quote), USA
<2007-01-12 00:00>
Smart advice… Rewards your candor with advice and comfort. |
Caleb Hayden (MSL quote), USA
<2007-01-12 00:00>
I purchased this book for two reasons: 1) to supplement my woefully inept knowledge of personal finance; 2) to study for the Dantes Personal Finance test. This book served both purposes well, particularly the former.
I appreciated the author's ability to share his personal opinions and insights without giving an air of superiority. Not only did he explain various options and concepts; he shared his views on many of them. For instance, he repeatedly warned against cash value life insurance, load mutual funds, and taking advice from gurus who have a vested interest in your compliance with their "recommendations." He also had some helpful insights pertaining to insurance (and many other topics, for that matter). For these, I will let you read the book.
The reason I found the guide possibly insufficient for my test study was that it lacked some depth. Tyson does not cover subjects comprehensively. He gives a sound starting base for those who wish to learn basic personal finance - an appropriate endeavor for the writer of a book for "dummies."
If you read this book and discover an interest in learning more about investing, for instance, you can start with Tyson's advice and insights and move on to other helpful resources that cover the topic in more depth. Ultimately, I recommend this "Dummies" guide for you to learn the basics of planning, saving, investing, insurance, and financial advice. |
View all 13 comments |
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