Thursday, December 30, 2010

“Orman, Chatzky Headline Best Personal Finance Books of 2010 - PRWeb” plus 1 more

“Orman, Chatzky Headline Best Personal Finance Books of 2010 - PRWeb” plus 1 more


Orman, Chatzky Headline Best Personal Finance Books of 2010 - PRWeb

Posted: 30 Dec 2010 09:07 AM PST

Boston, MA (PRWEB) December 30, 2010

Along with overeating, most consumers tend to overspend during the holiday season. With the New Year's Day almost here, consumers should take control of their personal finances and budgets with the best personal finance books of 2010.

Theodore Connolly, co-author of the Road Out of Debt, researched many personal finance books in writing his guide on financial defense and fighting back. With so many good personal finance books, finding the best for one's particular needs is difficult. Ted Connolly highlights the best personal finance books of 2010 for financial well being in 2011.

Best on Credit:

Perfect Credit: 7 Steps to a Great Credit Rating by Lynnette Khalfani-Cox.

Like it or not, credit scores have a dramatic impact on everyone's lives. Perfect Credit does a magnificent job at setting out the way to establish superb credit so that the credit score is never an issue.

Living Well with Bad Credit: Buy a House, Start a Business, and Even Take a Vacation No Matter How Low Your Credit Score by Geoff Williams and Chris Balish.

Excellent book to put perspective on what credit is, how credit should be handled, and how to make sure that bad credit will not hamper the reader going forward.

Best for the Younger Generation:

Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back by Kimberly Palmer.

Not solely on finances, Generation Earn is a fantastic guide for young professionals on how to live more responsibly while still accomplishing financial goals.

Shoo, Jimmy Choo!: The Modern Girl's Guide to Spending Less and Saving More by Catey Hill.

Intended primarily for a young professional female audience, the book is a fabulous resource on debt, savings, retirement and so many buying choices facing young professionals every day.

Best General Guides:

Suze Orman's Action Plan: New Rules for New Times by Suze Orman.

One of the best financial advisers does it again by recognizing the new realities of finances and providing excellent strategies to handle them.

Your Money: The Missing Manual by J.D. Roth.

Great advice on what people need to do to make their money work for them. Exceptional and sound financial guidance is found in this one easy-to-read book.

The Simple Dollar: How One Man Wiped Out His Debts and Achieved the Life of His Dreams by Trent Hamm.

While recanting his personal story of how he freed himself from his debts, the author, a prolific personal finance blogger, imparts excellent financial advice and tidbits.

Best for Inspiration:

The Difference: How Anyone Can Prosper in Even The Toughest Times by Jean Chatzky.

Excellent book to learn how many of the actions people take regarding money hurt them greatly and what the wealthy do differently that allows them to succeed.

The New Year brings a perfect opportunity for consumers to refocus their attention on taking
control of their personal finances and budgets. The list of the best personal finance books of 2010 by Theodore Connolly, co-author of the financial defense book, the Road Out of Debt, will help guide consumers to financial well being for all of 2011. For more information on all of the best personal finance books of 2010 visit http://www.roadoutofdebt.com.

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Can Monopoly help you understand personal finance? - Burlington County Times

Posted: 30 Dec 2010 09:28 AM PST

Can a board game really teach you about life lessons?

Monopoly can, according to the blog moneyning.com.

The blog gives nine reasons how the game Monopoly can teach you about personal finance. Here's the top four ways Monopoly can teach you about money.

1. Life is What You Make It

The first rule of Monopoly is that everyone starts out with the same amount of money – a healthy $1,500 – and we all start from the same place at the Go square. From there the game can be anyone's and it is the person who takes the greatest advantage from their opportunities who can triumph over their opponents.

2. Seize Opportunities

In a game of chance like life you will eventually have an advantage turned your way and you need to make sure you seize that opportunity and make the most of it. If you do get the first roll of the dice you have the first chance to buy up as many properties as you can and you have a free run to avoid a lot of rent payments early on.

3. Build a Strong Asset Base

Ultimately it is the player with the most properties who will gain a monopoly control of the board and this is an important lesson to apply to your personal finances because building a strong asset base will allow you to earn a passive income. Other players will pay you rent and with good assets you can make improvements and ask a higher rent.

4. You Need an Emergency Fund

Out there on the Monopoly board you never know what a chance card is going to throw your way – you could be required to pay for improvements on your hotels, pay taxes or school fees, or advance to the nearest railroad and pay twice the rent.

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