Control Your Cash
Control Your Cash revolves around one theme: buy assets, sell liabilities. This central idea is so important to the authors that they put it on the back cover of the book and in the first page of the introduction, bolded. The book does an excellent job in driving the message home through conversational, technical, satiric and sometimes endearing tone.
Overall the book is very informative and educational. The authors try to define every single finance jargon one can think of, and although it may seem somewhat overwhelming at first, it can be an excellent reference book to keep handy. For example, while the chapter on buying a house totally flew over my head right now, I can see how it would be useful for me when the time comes for me to make the big purchase. The book also discusses steps in buying a car (specifically how to haggle with the car salesman), different types of bank accounts (for the financial amateur), and different types of investments and taxes (for the financial guru) – all of which would be good to refer to from time to time depending on the stage of life you are in.
Given the authors thoroughness the book, it does become somewhat technical at times. The authors include tables full of calculations and comparisons (such as Starbucks vs home coffeemaker) as well as equations (such as the one to calculate car financing). Whilst I think some tables and equations are helpful in making a point, too much may boggle the readers that are not mathematically-inclined. In addition, sometimes the authors dwell on certain definitions or points that makes me wonder if all the explanation is necessary.
In conclusion, Control Your Cash is full of information for readers that are just beginning to get into personal financing as well as those who are wanting to get their sleeves wet. It may be too dry at times from the excessive details and mathematics and from the nature of the topic, but the authors make up for it with humor and antidotes.
By. Linda Tsai
Subscribe to Financial Highway
Like what you just read and want to get more great content from Financial Highway? Doing so is easy, just enter your email address below and you'll automatically get Financial Highway posts sent straight to your inbox. Spam? I hear ya, but don't worry, Financial Highway will never spam you or share your email address with anyone. Oh and you can unsubscribe at any time with one simple click.
{ 2 comments… read them below or add one }
Where can you get a copy of this book?
Why Jenna, I’m glad you asked. You can get a copy at http://amzn.com/cRd8md – either physical or Kindle. Or you can buy it directly from ControlYourCash.com and my co-author and I will autograph it for you. Thanks.
{ 1 trackback }