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AUDIOBOOKS BOOKS

Posted in Audiobooks (Monday, November 17, 2008)

By Sound Ideas. The regular list price is $12.00. Sells new for $8.96. There are some available for $2.99.
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5 comments about Financial Self-Defense.
  1. Before reading Charles Givens Financial Self-Defense, I was drifting aimlessly with my finances. I had purchased other financial books by supposed "experts" and listened to financial advice by other so called "experts" and came out on the losing end.

    Charles Givens was a master at money strategies. He empowers us all to take control of our personal finances and not leave it in the hands of commissioned financial people and other financial authors who are using your ignorance for their bliss.

    In Financial Self-Defense, Givens uncovers all of the tricks that various professionals do that costs us thousands and thousands of dollars over a financial lifetime.

    This is one of three must read books. The other two are More Wealth Without Risk also by Givens and The Millionaire Mind. Another book to read is SuperSelf by Givens which will help you maximize effectiveness. For Wealth Builders, I also strongly recommend Rich Dad Poor Dad by Robert Kiyosaki.

    Be careful with other books written by people who do not have your best interests at heart. Givens is on your side. You'llbe surprised to find out who isn't.



  2. I had been for many years an aggressive tax preparer and felt that I know just about everything there was to know about taxes. Givens books Financial Self Defense and More Wealth Without Risk taught me many strategies that I wasn't aware of.

    Also recommend SuperSelf, a super personal development book by Givens and Money Mastery another great book on reducing taxes...legally.



  3. If you have already read More Wealth Without Risk, you probably think you have all of Mr. Givens best strategies. Not so. Financial Self Defense is even better and offers more strategies to reach your financial dreams.

    In Financial Self Defense, Givens goes right after banks, brokers, auto salesmen and even the IRS, exposing the schemes and scams perpetrated by these people.

    My son was going to buy a car. I loaned him Financial Self Defense and he saved over $6,000 with the advice. A $14 book saved $6,000. Now that's not bad!

    Most of us are wasting an easy $1,000 per month in financial mistakes. Givens shows you how to plug up the dike and use that money to invest or improve your lifestyle.

    More Wealth Without Risk is excellent and Financial Self Defense is in many ways even better. Read both and prosper.



  4. This great book by the late, great Charles Givens along with More Wealth Without Risk is all the protecion you need to save yourself from dangerous advice disseminated from brokers, insurance salesmen, car dealers, financial advisors or planners.

    Financial Self Defense is actually even more hard hitting that More Wealth Without Risk. One area that I saved was in buying cars. Following the advice in this book, I bought my dream car, sold my old car myself and pocketed nearly $10,000 in savings compared to what I would have spent had I followed conventional wisdom.

    Great book Mr. "G". Rest in peace and thank you.



  5. Charles Givens died before his time. I appreciated his way of explaining things. Because he spoke with authority, he actually lived what he was talking about. And I believe he was genuinely attempting to help people see the way to get out of their mundane 9-5 debt slavery and see a brighter way. I know he got into trouble in later years, but from reading all his books and getting to know him from his writings, I believe he was a decent person who cared. I think everyone needs to know what is in this book. Granted some references are dated, but that is only because he is dead and can no longer update his work. Would highly recommend this book as one of many references to the road to independent wealth, many people just dream about it, the real deal busts his backside getting the info he needs to attain his goal. Because knowledge is indeed power.


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Posted in Audiobooks (Monday, November 17, 2008)

By HarperAudio. The regular list price is $12.00. Sells new for $7.07. There are some available for $10.84.
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4 comments about The Academy of Master Closing.
  1. This is a very affordable way to "attend" one of Tom's seminars. This tape runs about an hour and covers all of his principles. Tom is not a self-declared sales guru, spare bedroom consultant, or business philosopher. He has achieved tremendous sales success in the real world. Tom makes just as good a teacher as he does a salesman. You can use Tom's techniques to sell your prospects without them realizing that they're being sold. Tom's the best sales trainer I've come accross. I also recommend Dan Kennedy's paperback "No B.S. Sales Success."


  2. Tom has a very easy approach to selling--one that works. He focuses on the words that make all the difference in a sales presentation and puts forward very clear solutions that can gently push the prospect into buying. I love his non-agressive manner which is so different from the pushy sales types that tend to dominate in the market-place today. Use his principles and it could pay for the cost of this cassette many times over.


  3. This audio tape was embarrassingly useless. Hot tips like "don't wear too much jewelry", "where to sit at a conference table", and "use a cell phone and fax machine" don't get the listener anywhere close to understanding how to close a sale, how to overcome buyer hesitation, etc.


  4. This is helpful. This can be useful for those that are new to sales. Some of the information should already be intuitively known by people that have common sense. Tom Hopkins is just as good as many of the other sales masters.


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Posted in Audiobooks (Monday, November 17, 2008)

Written by Pat Riley. By Sound Ideas. The regular list price is $17.00. Sells new for $10.98. There are some available for $1.32.
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5 comments about The WINNER WITHIN: A Life Plan for Team Players.
  1. I am a first year basketball coach and found this book very inspirational. It makes me want to work even harder than I have and set higher standards for myself. Pat Riley is an excellent motivator and role model. I like any coach who is willing to write about his major losses in his career as well as greatest triumphs. A must read for any coach. However, he needs to write a sequel since he won his new title this summer. Go Heat!


  2. This is a book about how Pat Riley coaches to get out of the individual the Winner Within. There are 12 short chapters in this 271 page book with many quotes from many great individuals throughout history including this one from Sir Winston Churchill: "Success is never final."

    Shaq has stated the Riley is the most motivating speaker he has ever heard and after reading this book I think you will get a feel for what he meant. Most of the book focuses on Basketball and the Lakers. But there are some good business principles scattered throughout the book that will inspire you to be the best. Riley lets you into his mind so you can see his thoughts and how he worked to get the most out of his team to bring home the championship. It's a great book that will prove a quick read.


  3. He is the ultimate strategist, always thinking ahead and planning every act of inspiration and conversation he might use to channel more out of his players than they were currently giving. In 'The Winner Within', Pat Riley shares his tactics for converting his basketball teams into units with an emphasis on the greater good. The highlights of this book came for me in the following:

    * Pat Riley's acceptance of being in the right place at the right time when the Lakers needed a head coach and how preparation added to his own confidence that he could succeed at a high level.

    * Riley's view on the strengthening process of one's mentality and how being thrown the wolves can be a very healthy experience.

    * Making the LA Lakers a team instead a collection of self-serving, finger-pointing superstars. He mentions tactics he employed on each of his different leaders, including ways to use Kareem Abdul-Jabbar's moody eccentricities as a leadership tool.

    * How embracing success hurt the Lakers in the mid-eighties and the ways Riley developed a plan to combat complacency on the team.

    * How leaders in any profession must be willing to confront cancerous team members swiftly and thoroughly.

    * Riley's methods of using strategic moments of temporary insanity and how this can be highly beneficial to the overall good of the team.

    * When to know your time is done and move on, as he did when he left LA for New York in 1990.

    * Setting reasonable goals that are both attainable and difficult. For example, his 1992 New York Knicks set the goals of being the most hated team in the league, the most conditioned team in the league, and the most professional team in the league. To a T, they succeeded in meeting all their goals.

    Riley is very open and honest in this book. He admits that he knew his Knicks would have zero chance of beating the Bulls in a do-or-die game seven in 1992. He had predicted Jordan would get calls and go to the line, and that Ewing would get into foul trouble quickly. Both of his predictions became eerily true. He admits that you must know your place in the pecking order and follow this format:

    #1. From nobody to upstart
    #2. From upstart to contender
    #3. From contender to winner
    #4. From winner to champion
    #5. From champion to dynasty

    Riley's book is also filled with numerous quotes from histories great minds and leaders. Each quote helps highlight what Riley is trying to emphasize.

    I recommend this book to anyone who is or hopes to be a manager in any avenue in life. Riley gives a clear-cut format to achieving goals as a leader.


  4. I am reading this book again.. prob the 5 time and I have used about 3 different colors of hi-liter so far. I recommend it and even used the lesson and guidance to help me with my addiction issues this time around.

    First time it was family issues, then 2nd time was work issues, third time was deaths in family and fourth time was post college work issues. Its been there for me everytime and this time along with Tx, I am using it again.


  5. The Winner Within actually gets 4.5 stars from me. If you like team sports, not even basketball, this book will get to you. When you're in business and are strongly dependent on good teamwork, his lessons can be transformed to business life.

    Riley's success is known throughout the US. Being European and less familiar with the person itself it gives me good fundamentals for judging without strings attached. I think his methods work. His methods work, but they may not last or can be implemented in any situation. You have to take the best 60% of his method and mix it with your own beliefs and culture. This last 40% will be your adaptability withing your own situation.

    I have learned a great deal reading this book, as I was soon to become a business owner with a team of programmers. Riley's methods definitly helped me in creating my own team and, as important, my own style.

    Read it, absorb it, use it. Do not copy it.


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Posted in Audiobooks (Monday, November 17, 2008)

Written by Stephen George and Arnold Weimerskirch and Lloyd Bochner. By Audio Literature. The regular list price is $18.00. Sells new for $0.50. There are some available for $0.18.
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2 comments about Total Quality Management: The New Management Model (Portable Mba Series).
  1. The audio book discusses companies which are successful at using a particular analysis procedure but barely touches on management itself. More of an 'infomercial' as it lacks quality content.


  2. TQM was a great idea in its time. Now one can see that TQM, like what came before and after it like Excellence and Six Sigma, is just a subset of what really works- Open-Book Management (see the book of the same name by John Case). When TQM, or any similar program, is implemented, in order for it to work, needs to address the other areas of OBM such as financial information and understanding, appropriate responsibilities, and a stake in the rewards.

    Fortunately, not only does this book/tape talk about TQM in particular, but it also talks about certain issues involved in implementing any similar type of program.



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Posted in Audiobooks (Monday, November 17, 2008)

Written by Brian Tracy. By Nightingale-Conant. The regular list price is $19.95. Sells new for $8.94. There are some available for $3.98.
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5 comments about The Psychology of Achievement.
  1. This audio can change your life if you practice just a few of his suggestions. I highly recommend it to people who are stuggling in life.


  2. I would say in short this is an incredible instruction compilation for human machine. Thank You Mr Brian Tracy


  3. This is a great program. Pop it in your cd player while you're driving and soak up energetic valuable information instead of listening to repetitive music on the radio.

    I love Brian's voice and energy. I feel like this cd has really empowered me to continually look at myself and push my limits.

    Check this cd out if you want a boost in your life; it could be exactly what you need.


  4. This is an awesome CD. It covers everything you and your team need to know about Building your network or business. It covers how to change your thinking. This is a must for everyone on your team.


  5. If you are looking for easy techniques that you can use to help improve your life, you will find them on this Audio CD.
    This audio CD was recommended by Dr. Mercola.... If you don't know who Dr. Mercola is, you can click on the link that I have provided, or you can just google him. If you are concerned with your health and wellbeing, I think that you will thoroughly enjoy reading the information that he shares on his website.
    [...]


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Posted in Audiobooks (Monday, November 17, 2008)

Written by Jane Bryant Quinn. By Sound Ideas. The regular list price is $25.00. Sells new for $10.75. There are some available for $0.01.
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5 comments about Making The Most of Your Money.
  1. This is not a faddish, Super Secrets of Getting Rich Quick book. It is a practical guide to not staying poor due to lack of information, and not becoming poor through bad financial judgement.

    I have found this book very helpful in doing exactly what the title says - making the most of my money. While I can't say the this book was an easy read, it was worth the effort. I have been successful in avoiding consumer debt, keeping my credit rating healthy, setting up an investment plan, and generally sleeping better at night because I now know where my money is and what it is up to. I have read other financial planning and investment books since this one, and many of them have sound and useful information, as far as they go. None, however, seems as comprehensive and reliable as this one.

    Here is my advice for you if you think you need to know more about money, but feel that a book this huge is too intimidating or time-consuming. Do what I did. Start with the chapters that are most relevant to your current situation. Got a problem? Look it up and read the parts that make sense. Then go back again and again, and read some more until you really understand that chapter or section (in my case, it was sentences at first). Eventually, it will become easier, and you can eventually master everything you need from this book by taking it in stages.

    I love this book!!!


  2. This was one of my first Personal Finance books (the 1991 version) and I bought the 1997 edition as soon as it came out. I wish there was a 2006 edition, I'd buy it immediately!

    The book is a comprehensive and well written primer on personal finance and can be used as a reference for years to come. True, this book is 10 years old, but guess what, sensible advice about saving and investing doesn't go out of date. There are a few updates needed to bring things like college savings plans, and Roth 401k's (new this year) up to date, but overall this is rock solid advice on which to build your financial foundation.

    There is an obvious pattern to the negative, overly angry, one star reviews which begin in the fall of 2001 and mostly run through early 2003, all of whom mark the negative reviews as helpful and the positive (real) reviews as unhelpful. It seems as if there were 80-100 of these placed over this time period, by whom I have no idea. There is speculation on that point in other posts.

    In short, no one with any sense who had read the book and was writing a serious review would give it one star. It is simply excellent. Do yourself a favor and read it.


  3. I purchased the original book years ago and have referred to it many times to build a foundation of financial knowledge. Ms. Quinn's book and her Newsweek column offer solid advice which I have used to build a comfortable retirement account, a college savings fund for my children, a low interest mortgage and an understanding of how it all works.

    This book is also a great gift idea for college graduates and newlyweds.


  4. I bought this book in June 1995 at age 32. I recently purchased another copy (due to someone denying that I lent it to them...?? How could you forget borrowing a 2.5inch thick, 5 pound book?) I want to share with you all what this book did for me. It taught me the importance of setting concrete financial goals and measuring my net worth on a regular basis. I am proud to say that I have in the last 12 years set and then met most of my financial goals. I have excel spreadsheets that track my net worth annually from 1995 (when all of my net worth was the equity of my house) to today (I own my house outright, have 401K's, pre-paid college plans, stocks, and CD's). My net worth has grown by 1,800% in those 12 years. As I have gone thru new chapters of my life (making a will and saving for college once I had children, becoming my mom's guardian, choosing to retire early), I have been able to easily pick and choose the chapters of the book that I once glossed over and re-read them when they apply to a new stage of my life. I was always a motivated person who wanted to live under my means to achieve financial freedom, but this book gave me the roadmap I used. I highly recommend this book for people who want to learn how to manage their money and achieve their goals in life. The peace that financial freedom gives me is priceless. Read this book and live UNDER your financial means and you can have this freedom too.


  5. Many of the negative reviews cite the books publication date. That date is no secret. I bought this book just after it came out and it was the main source of my financial education. The internet was not the force it is now where advice (good and bad) is a click away. I achieved what I would consider to be financial success and independence and this book was a great aid in that quest. I do agree that I would not now buy it again (unless an updated version appears) but it still has solid basic advice.


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Posted in Audiobooks (Monday, November 17, 2008)

Written by Eric Tyson. By HarperAudio. The regular list price is $12.95. Sells new for $4.50. There are some available for $3.98.
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5 comments about Personal Finance for Dummies (For Dummies).
  1. I would not recommend this book. It is very short sighted. For a more in-depth look into proper financial planning, I would look elsewhere. If you are starting out new in financial planning take a look at this book for the budgeting part. Then look elsewhere for the other parts.


  2. If you have a kid going off to college, make sure they read this. It is simply the most valuable book they will ever read. And don't forget to get one for yourself. There's a lot of time-worn wisom in this book that most people are ignorant of.


  3. This book is pretty informative and gives helps guide you on preparing your finances. It talks about a lot of pitfalls to watch out for, and gives you some straight opinions on employer retirement plans and debt management, as well as some thoughts on good debt vs. bad debt.

    The only problem I have with it is the section on cutting costs. It is a little out of place and some of the recommendations on how to save money are a little bizarre and out there. Shaving your head to save money on hair supplies and taking naps at home for vacation instead of going away got a raised eyebrow from me, as did his belief that you have to be a small business or nonprofit to get a Costco membership. He also talks about giving up meat as a possible avenue for cost savings (because it costs a lot).

    Like I said, the rest of the book seems to have sound financial guidance. The section on saving money?

    Take it with a grain of salt.


  4. Thought the book brought things to light I knew that I was in trouble this book just made me see more clearly how to try to fix things.


  5. It's just amazing. Every other theme not too well understood is explained with clarity. Website references are a plus. If you have no idea of most financial concepts, what they mean and how to understand them this is a good starter tool.


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Posted in Audiobooks (Monday, November 17, 2008)

Written by Benjamin Graham. By HarperAudio. The regular list price is $18.00. Sells new for $8.99. There are some available for $8.50.
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5 comments about The Intelligent Investor: The Classic Bestseller on Value Investing.
  1. Intelligent Investor is the single greatest book ever written on investing. Look at Ben Graham's track record, all of several of his students (including Warren Buffett) have also built foutunes using his advice.


  2. This is a must read for any person serious about investing (ie not gambling) in the stock market. The book is rather easy to read. Graham was an investor but also a teacher (at Columbia). He has a good balance between technical yet simple explanation. If you know absolutely nothing about the stock market and financials, you may still find it a bit obscure at time, but you should probably not invest directly anyway (at least not right away). For everyone else, read it.
    Yes the latest edition was written in 1972. It is amusing at time to see the evolution. But actually this evolution is also part of what you learn by reading the book. You do see that some things never change (like valuing a company!), and others do change quite a bit. it gives you a nice perspective. Now the intersting part of the book is to understand the logic of Graham, less its conclusions. The conclusions date a bit. Graham used to work at a time when most corporations where industrial companies, when nowadays services are dominant for example. So take graham conclucions with a grain of salt. But do read in depth and try to understand his logic.
    Value investing won't make you rich overnight. But reasonnably well done, it will avoid having you lose money, and can even open you the doors of year by year over-performance in the market. Warren Buffett and several other successfull investors have followed the approach of Graham. But as they all say, when you first read about value investing, you either understand it right away, or you never will. But trust my 15 year of investing on the stock market, you're better of understanding the value of value investing. And this book is the key to it.


  3. The abridged book on tape version (ISBN 0-694-51801-8) mostly covers market conditions in the early 1970s. (It's apparently an abridgement done in 1986 of a book Graham wrote in the early 1970s before his death in 1976). Yes, there is some historic interest here, but not enough of Benjamin Graham's timeless advice on investing. I recommend finding another version of Graham's work, unless you're an economic historian researching the early 1970s.

    By the way, Graham's comments on the tape totally failed to foresee the big energy crisis and runaway inflation of the mid 1970s (as did 90%+ of investors then, including most other experts).


  4. First, I just want to say that many of you might find this book boring to read. If that turn out to be the case, you can read the commentary (which uses more relevant and recent examples) for each chapter by Jason Zweig, which is worth the price of the book alone. I got tempted to read the commentary only but I forced myself to read the entire book and I'm glad I did it. Warren Buffett is right, this is the best book on investing ever written, by far. This is one of the reasons in my opinion why Warren himself never write an investment book (plus the fact that it is not easy to explain Warren's intelligent on a paper. Instead just learn from what he does).

    Now about the content of this book, it tells you everything you need to know about the investing field (not only stocks, but business in general, bonds, macro economy to some extent, psychological factor of the market, strategy for defensive and speculative investors etc).

    Secondly, Warren Buffett highly recommend this book and his favorites are chapter 20 (Margin of safety) and chapter 8 (Investor and market fulctuation). Margin of safety should be the central concept of your investment, and understanding how the market works (and the mood and inconsistencies of Mr Market) should be the second thing that you need to know before jumping into the market.

    I also find the chapter 11 (security analysis for lay investor) very educating as it teaches us to value the future of a business (breaking down into 3 area:
    1. Long term prospect
    2. Quality and conduct of management
    3. Financial strength and capital structure

    Additionally the comparison of eight companies (chapter 18) very practical and eye opening. I won't spill the content right here but when I read them, it feels like common sense to me, but back (during the tech bubble) then I was involved in several similar stocks that I shouldn't have touched with a ten feet pole.

    The bonus chapter "The Superinvestors of Graham-and-Doddsville" by Warren Buffett is a classic reading. This article shows how inefficient the market can be, and argue that most of the time the market is not efficient. I have become a believer that the market is not efficient (after many years believing that the market is very efficient as the business school has taught me)

    This book also cover several useful metrics that we can use to value a company in addition to just looking at EPS or PE ratio, such as the ROIC (Return on Invested Capital) etc.

    In general, Ben Graham focuses a bit more on capital preservation (shown by focusing on margin of safety, dividend policy, and stocks priced below its tangible book value strategy.) which I think are really important, but one need to understand that there's more to investment than just those things (such as long term groth/the business itself and management) which are also covered in book.

    This book would not serve as your investing philosophy, but it should help you create your own investing philosophies. It will help you find what your strength (defensive or enterprising) is and find/form your circle of competence. And as a minimum, this book will increase your confident when dealing with the stock market.

    Last but not least, also read "Common Stocks and Uncommon Profits" by Philip A. Fisher and "One up on Wall Street" by Peter Lynch to complement this book.

    Happy Investing!


  5. There are a number of problems with this audio tape. They are:

    a) Content is very outdated. The original copyright was 1973 while the latest, on the audio tape box, was 1996. Despite this 23 year difference there are no modifications for almost anything that has happened in terms of either the financial markets, historically, since that time nor (more importantly) have their been any additiions for the large number of financial instruments that permit portfolio diversification (i.e., mutual funds are barely discussed, ETFs, indexing and foreign stocks and finacial instruments are not even mentioned). How can it be 2007 with not a mention (or bare mention of any of these?

    b) No discussion of portfolio theory and the importance of diversification.

    c) Stock analysis is primarily geared to manufacturing company. For example, the analysis on the importance of book value is geared exclusively to manufacturing and inventory carrying businesses. The concept of intellectual property is not even mentioned in passing.

    d) No discussion of economic or financial market history since early 1970s. In addition, no mention of financial markets outside the U.S. (or world outside of the US for that matter).

    e) Very limited financial discussion on financial ratios and the few there are are limited to manufacturing companies.

    f) Emphasis in stock analysis is primarily on Dow Jows Industrials. Not much of a world outside that exists in terms of book's discussion.

    One can obtain much more useful information on stock analysis and investment in almost any introductory level undergraduate text on finance.

    There are two reasons it is to be given even one star. One is that it discusses some stock market history from WWI period to early 1970s. The second is that it was "cutting edge" for many years since it was first published. It thus provides some historical perspective on stock analysis (i.e., especially the analysis on manufacturing companies, almost no technology or intellectual property discussed, etc.). This alone is worth the one star as it will make one think how much of what is currently "mainstream" or "cutting edge" in stock/finance investment will become just as obsolete in another 30 years.


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Posted in Audiobooks (Monday, November 17, 2008)

By Random House Audio. The regular list price is $18.00. Sells new for $1.99. There are some available for $0.01.
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5 comments about The 9 Steps to Financial Freedom Audio.

  1. I found this small, hand held, version with nothing profound. Simple common sense


  2. Having just gone thru a divorce, Suze Orman gives you the financial down-to-earth motivation you need to move on. Her heart-felt honest advice gives you that feeling that you CAN and WILL be able to handle your money no matter how it is affecting your life.


  3. I wanted to like this, and there is some good 101 style advice in there about lump sum versus slower investing and trusts versus wills but this is basic info - the rest is baby boomer rubbish about "attracting money" with your beliefs, treating money as a "cherished friend" etc. She says it makes you "powerless" to help people out financially, that you should not help your kids pay bills, and that the only "powerful" way to give away money is to give it to your parents because you owe them for having you, and to give your money to a charity or church. So baby boomers if your gen x kids are swimming in debt from student loans hand more money to charities and places of worship and don't "lose power" by helping your kids. There is nothing in here for people under 40 and/or those struggling to start out in life under a mountain of student loan debt. Pass this one by.

    I strongly recommend "Pat The Money" as the antidote to this book.


  4. I love suze, but i didnt know this book was 2 inches big. It is a litlle tiny pocket sized book, for a person of very small pockets:) I didnt realize how miniature, minature edition was.


  5. Getting young people early on and actually learing about finances before it gets out of hand is a wonderful concept all parents need to have to instill in their/our children!
    Suze Orman make thing so simple and easily understood.
    Her approach should be taught in High School and beyond.


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Posted in Audiobooks (Monday, November 17, 2008)

By HarperAudio. The regular list price is $20.00. Sells new for $17.74. There are some available for $16.37.
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5 comments about Investing for Dummies.
  1. I bought this for my daughter, who is taking this a college course.
    She seems to be happy with it. She asked for this book it as the instructor told her she needed it for the class. Sorry I can't give you more info but I am sure it's a good book.

    Kathy in Las Vegas


  2. I wanted to start investing and read somewhere you should first do some studies. That's when I came across this book. Very well written, and in simple to understand language. I used to dread 401K, IRA, Mutual Funds, Bonds. Now I am confident I know about them and what I am investing into.
    Showed new ways to look at debts, as to if I clear my debt sooner, I am investing in something which gives be interest equal to the interest I pay the bank.

    I would recommend this book to all who want to get into investing but are hesitant or don't know where to get information from.


  3. I've read several "for Dummies" books, and in general the entire series is well written, concise, and gives you what you really need. However, I was very disappointed in this one. The book is really dedicated to the three methods of building wealth: equity (stocks, mutual funds, etc.), real estate, and small business. But there isn't enough info on any of the three subjects to do much with. You're better off getting a separate book on real estate if you plan on pursuing that. And nothing he says regarding small business is of much use to accomplish anything. That leaves stocks, bonds and mutual funds, which is what most users would purchase this book for. Regarding that, if you are completely new to mutual funds then this is the book for you as it will explain the basics. However, if you are beyond the very basics (i.e.; "What is a mutual fund?"), and are looking to seriously invest, then I think you'll be disappointed. And if you are looking to get into buying stocks directly, then this book seriously falls short. The entire section on stocks really just explains a canned stock report from a given company. Utterly useless unless you plan on subscribing to that service. No talk of forward PE's, valuation, etc.. Also, the author's continual insistence that you should stay in mutual funds because you "can't beat the market" since there are so many pros out there is utterly ridiculous. There are many gurus out there that have proven track records of generating higher than average returns. Just emulating Warren Buffet's portfolio will do that.

    I was looking for a book to dig more into stock valuation, company analysis, etc. and this book barely even touched on any of that beyond definitions. I wouldn't even call it Finance 101, since there is very little about monetary policy, bonds, interest rates, etc.. If you've picked out at least one mutual fund in your life (or purchased a stock directly), then this book is way too simple. If you tremble at the thought of picking a mutual fund and have no financial sense whatsoever, then this is your book.


  4. Great book, lays it all out in terms I can understand. I started investing based on this book, and I refer to it often.


  5. I didn't think reading about money/investing could ever be this fun or interesting. Straight talk and clear definitions for all the finance jargon.


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Financial Self-Defense
The Academy of Master Closing
The WINNER WITHIN: A Life Plan for Team Players
Total Quality Management: The New Management Model (Portable Mba Series)
The Psychology of Achievement
Making The Most of Your Money
Personal Finance for Dummies (For Dummies)
The Intelligent Investor: The Classic Bestseller on Value Investing
The 9 Steps to Financial Freedom Audio
Investing for Dummies

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Last updated: Mon Nov 17 23:29:35 EST 2008