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Review: The Money Book for the Young, Fabulous & Broke

Updated on November 8, 2015
DeborahDian profile image

Deborah Dian, a published author and voracious reader, often shares books with her friends and family. She loves to write reviews!

As Soon As They Graduate, Young People Need to Learn About Money

The topics covered in "The Money Book" are important aspects of finance that they will never learn in school!
The topics covered in "The Money Book" are important aspects of finance that they will never learn in school! | Source

When Should You Learn About Investing, Insurance and Other Financial Issues?

If you are in your twenties or thirties, do you think you are too young to start worrying about "serious" issues such as retirement, buying a home, getting insurance, writing a will, or investing? If so, this is the perfect book for you!

Esteemed financial consultant, Suze Orman, has hit a home run with "The Money Book for the Young, Fabulous & Broke." (For sale below) I purchased this book for our youngest daughter when she graduated from college. She was so impressed with the help it gave her, that she spent her own money to buy another copy of the book for one of her sisters. Ten years later, she still pulls this book out when she has a major financial decision to make. She and her husband have used the information in this book when they purchased their first house, bought a car, enrolled in their company 401(k)s and in making similar financial decisions.

This is a book that gives practical, useful advice to young adults who may be starting out their careers in low-paying jobs while, at the same time, they are saddled with tens of thousands of dollars in credit card and student loan debt. In her book, Suze Orman explains clearly and simply how to maximize your income, establish credit, save money and plan for the future. The book can be read all at once or you can postpone reading some of the chapters until you actually need them. Either way, it is a useful book to have on hand to research the topics that are relevant to your situation.

The topics covered in this book include:

Understanding your credit score

How to choose the best credit cards

How to save money

Retirement planning - 401K's and Roth IRA's

Investing your savings and retirement funds

Purchasing a car

Purchasing a house

Money and marriage - combining bank accounts, writing wills, setting up a trust, having powers of attorney, and borrowing money from family and friends

Why This Information is Important

When you are young, the idea that you will need all this information may seem far away. However, this is an ideal reference book to keep on hand so that you will have the information you need, when you need it. You don't need to read the entire book all at once; you don't even need to read the chapters in order. Just use the book as you need it.

"The Money Book for the Young, Fabulous and Broke" should be one of the gifts that every high school and college graduate receives before they move out on their own. It may the most useful gift they get.

Best of all, the information in the book will still be helpful for years after they move out on their own.

The Best Financial Book I Ever Purchased Our Daughters

The Money Book for the Young, Fabulous & Broke
The Money Book for the Young, Fabulous & Broke

I was amazed by how much our daughters have appreciated having this book. It is a resource tool that they turn to over and over again!

 

Another Helpful Book by Suze Orman

Suze Orman has helped millions of people through her books and television interviews. They will help you make sure you know what you are doing with your investments and retirement accounts. You won't regret owning one of her books.

Below you will see that she has written a book specifically for women of all ages so that they know how to handle their finances. This is especially important since so many women will eventually be divorced or widowed. Every woman should have a plan of action so they know what to do if they should find themselves in this situation.

Unfortunately, single women are far more likely to end up poverty stricken in retirement if they have not adequately prepared for the future.

This book is appropriate for women of all ages.

Every Woman Should Own This Book

Women & Money: Owning the Power to Control Your Destiny
Women & Money: Owning the Power to Control Your Destiny

At least half of all women will end up divorced or widowed sometime during their adult lives. This is the book that will help you take financial control of your life! In fact, you will feel more than just in control ... you will know that you will be able to thrive!

 

Learn More About Suze Orman in this Video Interview

Hear this financial wizard speak for herself.

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    • DeborahDian profile image
      Author

      Deborah Carr 3 years ago from Orange County, California

      I think this is an excellent book that should be read by adults of all ages. There is a lot of excellent information in it. You are right that young couples who are thinking about getting married would especially appreciate this resource.

    • Au fait profile image

      C E Clark 3 years ago from North Texas

      You know a lot of people decide to get married around Valentine's Day and then just a few months later there is the traditional month to get married -- June. It seems to me this is an excellent time of the year to give some thought to finances and whether one is really ready to get married.

      I have known a lot of people over the years who hardly gave a thought to much of anything before deciding to jump into marriage with both feet, so to speak, and I think they were probably prominent among the divorced, but who know. This is a great book and parents should get it into the hands of their young adult children and maybe even give it a look for themselves . . .

      Sharing.

    • DeborahDian profile image
      Author

      Deborah Carr 3 years ago from Orange County, California

      This book makes an excellent book for anyone, but especially for young adults. They will turn to it again and again.

    • Au fait profile image

      C E Clark 3 years ago from North Texas

      Just had to come back and bring some attention to this book review. Christmas is just 2 weeks from today! I think this book would be a great gift for one's children. Something educational and informative to tuck in with other gifts. Or maybe for a niece or nephew . . .

    • DeborahDian profile image
      Author

      Deborah Carr 3 years ago from Orange County, California

      This is one of the most useful books a young adult can have. When they start out in their first career, this book will answer so many of their questions!

    • DeborahDian profile image
      Author

      Deborah Carr 3 years ago from Orange County, California

      Au fait - I think your daughter will really come to appreciate this book. Our daughters continue to refer to it, years after they got their copies. It contains very practical, useful information.

    • Au fait profile image

      C E Clark 3 years ago from North Texas

      This sounds like a great book. I'm going to have to look into this for my daughter who will turn 26 on Monday. I've seen Suze on Oprah's show lots of times and she's a straight talker. Glad to hear about this book!

    • profile image

      StrongMay 3 years ago

      This is exactly the kind of thing I was looking for today! Thanks for introducing me to Suze!

    • nedumedia profile image

      Chinedu 3 years ago from Switzerland

      I like how you make your lens. Simple and direct...

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