Here’s we want to include about YF&B or Money Book for the Young Fabulous and Broke review as one of the personal finance books mentioned in this website. Suze Orman has great financial advices written in YF&B. Read the review and add your opinion about the book afterwards.
The Money Book for the Young, Fabulous & Broke is one of the best personal finance book you must read. Finally I have the personal finance book of Suze Orman: The Money Book for the Young, Fabulous & Broke. A straight to the point answered questions related to the personal finances. This personal finance book is not only for the young ones, it is for everyone.
In the “The Money Book for the Young, Fabulous & Broke” book cover, it stated that this book is a financial guide aimed squarely at “Generation Debt”, the book can teach the young ones on how to stay out of debt by giving them an advice about consolidation strategies (especially for student’s debt), how to use a credit card wisely, and tips to boost credit score.
Money Book for the Young Fabulous and Broke Review
The Money Book for the Young, Fabulous & Broke has 10 chapters that include the following topics;
Career MovesKnow the Score
In this chapter, you will learn what your credit report says about you, how your credit score runs your financial life and smart moves for boosting your credit score.
Example Problem in this Chapter: “My finances
After reading this chapter, you should be able to know on how to survive on too small paycheck, paying your dues, dealing with office politics and how to effectively find a job.
Give Yourself Credit
In this chapter, you will be able to learn qualifying for the best credit card deals, balance transfers, credit card free traps, protecting a low interest rate and the best way you to pay down your balances.
Making the Grade on Student Debt
You will learn consolidation strategies and payback options. A chapter that is very beneficial to students.
In this chapter, you will learn squeezing out of what you make, paying off debt versus saving and some tips about saving in CDs, money market and money funds.
What makes this book so interesting is that it didn’t teach you not just to save but to invest. In chapter 7 of The Money Book for the Young, Fabulous & Broke, you will know the best funds for your 401(k) and ROTH IRA, some lessons on risk diversification and dollar cost averaging. To know the effects of dollar cost averaging, please analyze the future value of $100 per month investment.
The book can teach you on how to purchase a home and a car wisely. Aside from buying a home and a car, there is a chapter that is very important; the tips on retirement. Some retirement tips from Suze Orman in her The Money Book for the Young, Fabulous & Broke can teach you on how to roll your IRA the right way.
Citations and References: Suze Orman, Author. The Money Book for the Young, Fabulous & Broke, Riverhead Books, New York 2005. ISBN: 1-57322-297-6
Photo Credit: Lisa Amoroso (Jacket Design), Marc Royce (Photograph of the Author)
About Suze Orman
She is the author of , You’ve Earned It Don’t Lose it, The 9 Steps to Financial Freedom; The Courage to Be Rich; The Road to Wealth and The Laws of Money The Lessons of life. Suze Orman is a CFP Professional. She served as the Vice-President-Investments for Prudential Bache Securities from 1983 to 1987.
To know more about the Suze Orman, visit her official website at www.SuzeOrman.com
I may say this is a complete personal finance guide for the young ones. If you are reading this review, I may say, run immediately to a book store or go to online shopping store and buy this personal finance book. A Great work of Suze Orman – an extra ordinary financial expert.
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