The fine folks at O’Reilly Media sent me a free copy of Your Money: The Missing Manual by J.D. Roth (of Get Rich Slowly). So, since I like books, and since I assume that O’Reilly expected to review the book, I read it. Plus, Get Rich Slowly is a great blog.
Your Money is about learning how to properly manage your money so that you build a solid financial foundation that allows you to reach goals of financial freedom. It’s not about some secret, fast path to wealth; it’s about learning how money works and behaving responsibly with it.
The very first Chapter is titled “It’s More Important to Be Happy Than to Be Rich.” I really liked this discussion about the connection between money and happiness. The point is that having enough for your needs and some of your wants can help your happiness. But superfluous wealth may not make a big difference in your life.
Your Money then proceeds to providing a roadmap of how you can begin to accumulate wealth based on basic principles of good money management: Setting goals, budgeting, getting out of debt, making money, and investing. The book is divided into three sections that help you make a plan, build a financial foundation and then building a rich life (which doesn’t always entail gobs and gobs of money).
Roth addresses a number of issues in his book, from how to choose a bank to increasing your tax efficiency to retirement to making charity a part of your financial planning. Your Money: The Missing Manual a good, basic manual on learning how to manage your money in such a way that it doesn’t consume you.