Personal Finance

Personal Finance For Dummies by Eric, MBA Tyson

A Very Strong Pick For Those Who Need Help Planning For Their Financial Future

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.

Personal Review: Personal Finance For Dummies by Eric, MBA Tyson
Why would I pick up a copy of Personal Finance For Dummies? After all, the sound of the word "dummy" reminded me of a wooden-headed

creature with a ventriloquist's voice and that could not be me. As I started reading the introduction, the very first line made me feel much better: "If your personal financial knowledge is limited, you're probably not at fault." In my case, that was an accurate statement until I read Personal Finance For Dummies. First off, the book is written in language any layman can understand. It is not necessary to read every word of every chapter, yet I would advise at least skimming the headings on each page. As a whole, the book shows a reader the effect sound financial planning can have on a lifetime. It shows the importance of diagnosing monetary fitness and then exercising sound financial health practices at a very early age. One of the most important pieces of advice author Tyson gives is this: Get out the scissors and cut up your credit cards (not debit cards). In an era where overspending with plastic has helped bring the collapse of world markets, it is critical to plan how you will save money for your future - but you must...