52 Smart Habits to Manage Your Money and Grow wealth. Assumed published, copyright and written by Joann Lindsey.
Sub-titled “Discover how to improve your Finances in 10 minutes a day”, and after a lengthy disclaimer, the book opens with an introduction and eight chapters that contain 52 suggestions that provide substance to her proposal. A Conclusion, Resources and a listing of “My other books in This Series – ‘10 minute Habits for a Better Life’”, conclude the presentation. The Introduction explains that the first book aimed at achieving a better life and “discussed, in detail, the habit formation process, how your habits influence you, and how and why to form many small, 10-minute habits” to attain health, wealth, happiness and prosperity. It then explains that this present book provides a series of suggestions specifically focusing this process of ‘habit production’ on using money wisely, saving more, investing, getting out of debt, and achieving financial independence. She stresses that it is imperative to achieve financial independence “because it brings forth an enormous amount of freedom in your life”. AND she stresses how important it is to gradually build the right set of habits to achieve your goal. The succeeding chapters provide instruction on how to acquire habits for managing your cash flow, increase your savings, reduce your spending, decrease your debt, improve your investment portfolio and grow your net worth. Specific suggestions include importance of an emergency fund, spotting ‘money leaks’ and how to seal them, admonishments to plan shopping trips so as to not get ‘side-tracked’, importance of shopping alone to avoid ‘impulse buying’ and to wait for 30 days before buying something you want (to see if you still want it as much then as you did originally). Retirement considerations also are discussed as are a number of other, often unthought-of subjects especially if approaching the subject relatively early in your personal career. A short conclusion and number of references concludes the presentation.
Discussion: The author has set forth a set of suggestions that many individuals entering the work force will find to be most helpful. A word of caution with respect to Investing in the present volatile market – Obtain dependable advice!
5* Recommended especially for individuals entering the workforce.