Author: Mark Riddix
Your Financial Playbook: A Guide to Navigating the World of Personal Finance by Mark Riddix is a refreshing change from other finance books that are filled with lots of technical information that can be frustrating to the average person looking to improve their personal finances. Your Financial Playbook addresses topics including:
- How to start investing with just $50
- 25 tips for saving money
- How to teach your children about managing money
- The 10 things to look for when buying a stock
- The best ways to maximize your savings dollars
- How to pick an investment
- The biggest money traps that are robbing you of your money
- Strategies for managing and rebuilding your credit
- The differences between a Roth IRA and a traditional IRA
I especially gravitated towards the section of the book addressed “Saving for Your Kid’s College”. With three young children it can be very overwhelming to think about paying for their college education and I am not even sure where to get started. We have considered a pre-paid college plan but I found it particularly helpful to learn about other options in this book that I had not yet been familiar with i.e. a 529 plan.
I do think some of the sections were a bit simplistic such as the “Biggest Money Traps” because many were quite obvious i.e. impulse shopping, gambling, alcohol etc. Overall though it is the simplicity that makes this book attractive and would be especially beneficial in my opinion for all young adults or college students just starting out. It is a quick read but there are lots of good pointers. I appreciated all of the information about stocks and investing because this is my area of weakness and I enjoyed learning more about the basics and found the definitions helpful.
To learn more about Your Financial Playbook you are invited to visit the author’s website, “Buy Like Buffett”.
You can purchase Your Financial Playbook: A Guide to Navigating the World of Personal Finance for only $12.99 and it is available at Barnes and Noble and Amazon.
*I received a copy of this book to review but I was not financially compensated in any way. The opinions expressed are my own and are based on my observations while reading this novel.*