Get Control of Your Money Now! by Blaine Harris & Charles Coonradt
The Point
The point of the book is to teach basic personal finance principles through a story about a guy in debt that is taken under the wing of an older lady who is very wealthy. She teaches him four principles of prosperity. The book is well written and the narrative style makes the material more enjoyable to read.
The Four Laws
1. Track your spending, 2. Set targets or financial goals, 3. Trim your spending to achieve the goals, 4. Train your brain by learning about finance.
I figure I’m pretty far along the path to financial prosperity, but I still learned quite a bit about day to day personal finance from this book. I especially resonated with the section on tracking your spending. I think I need to dig in and do a more detailed spending analysis.
Would Recommend
This book works well as a first book for those wanting to get out of debt and begin building wealth. For those that are farther along the path it may be a bit too simple, but it is still an easy and enjoyable read.
