Financial Planning for Generation X & Y Women
 
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Expert Q&A Archive

09/25/2008
What financial books would you recommend?
I'm interested in increasing or doubling my financial library, and wondered what books you could recommend?
Rachel Lane, CFP:
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5 books I recommend are:

Kinder, George. The Seven Stages of Money Maturity (2000)
Zweig, Jason. Your Money & Your Brain(2007)
Malkiel, Burton. A Random Walk Down Wall Street (2007)
Bach, David. Smart Couples Finish Rich (2002)
Rappaport, Craig. Live Long, Live Rich (2007)
Gary Silverman, CFP:
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This one is hard to answer because it depends on what aspect and what level of financial knowledge you want. Here are some of my favorites that I use to either give away to clients or teach from:

Chilton, David. The Wealthy Barber (1997)
Clason, George S. The Richest Man in Babylon (2008)
Cunningham , Lawrence A. Essays of Warren Buffet (2001)
(Or just download the annual reports from the Berkshire Hathaway at: http://www.berkshirehathaway.com/)
Gibson, Roger C. Asset Allocation (2008)
For a Bible-centric look, any of the books by Ron Blue
--Gary
Suzanne Kincaid:
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There are many! Here are some of my favorites:

Kiyosaki, Robert. Any books in the Rich Dad Poor Dad book series
Ekert, Harv. Secrets of a Millionaire Mind (2005)
Orman, Suze. Any book shes written
Stanley, Thomas J. & Danko, William D. The Millionaire Next Door (1996)

Abundant Blessings, Suzanne
Jeff Kyle:
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What a GREAT question!! I have a very long list, but here's a few just to start you off and since I don't know where you are specifically with your insurance & financial planning I won't suggest any two that are the same in subject matter.

1. Winget, Larry. You're Broke Because You Want to Be (2008)
2. Editors of Yankee Magazine. Living Well on a Shoestring (2000)
3. Kiyosaki, Robert. Rich Dad, Poor Dad: What the Rich Teach Their Kids about MoneyThat the Poor and Middle Class Do Not! (2000)
4. Stanley, Thomas, & Danko, William. The Millionaire Next Door (1996)
5. Shelton, Phyllis. Long-Term Care - Your Financial Planning Guide (2007)

Hope these help & good reading. Respectfully, Jeff
Michael A. Masiello:
expert info »
There are a number of excellent books and even more websites etc. for additional information on this topic. I have listed a few in no particular order.

Clason, George S. The Richest Man in Babylon (2008)
Stanley, Thomas & Danko, William. The Millionaire Next Door (1996)
Bach, David. Smart Women Finish Rich (1999)
Bach, David. Smart Couples Finish Rich (2002)

Good luck and good reading.

Editor's Note: The Richest Man in Babylon was origionally published in 1926.
Nancy Granovsky, CFP:
expert info »
Dominguez, Joe, & Robin, Vicki. Your Money or Your Life: Transforming Your Relationship with Money and Achieving Financial Independence (1992)

Stanley, Thomas & Danko, William. The Millionaire Next Door (1996)

Stanley, Thomas J. Millionaire Women Next Door (2004)
Rebecca Schreiber CFP:
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One of my favorite books is You Have More Than You Think, published by the Motley Fool. It was one of the first personal finance books I read that really helped me get a mental handle on the value of compound interest. It's a fun and fruitful read. Good luck!
Marcia Brixey:
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Below is a list of several books, including my own -- The Money Therapist: A Woman's Guide to Creating a Healthy Financial Life. Each book includes a review and you'll find more books listed on the Money Wise Women website at http://www.moneywisewomen.net/bookstore.asp

Brixey , Marcia. The Money Therapist: - A Woman's Guide to Creating a Healthy Financial Life(2008)

The Money Therapist offers women of every financial strata the advice, tips, and solutions they need to get out of debt, create a budget, spend wisely, and save money. Marcia's empowering, you-can-do-it attitude and helpful tools and resources encourage and inspire women to achieve financial fitness. With information on organizing financial records, getting out of credit card debt, safeguarding against identity theft, and taking advantage of interest through automatic deductions, The Money Therapist is the first step to achieving financial peace of mind.

Frankel, Lois P. Ph.D. Nice Girls Don't Get Rich: 75 Avoidable Mistakes Women Make With Money (2005)
Lois Frankel tells us "Being rich is about having the ability to live your life abundantly - however you define abundance." The mistakes women make include Setting Artificial Boundaries; Not Taking Care of Your Most Important Asset: You; Spending Money to save Money; and Not Taking Advantage of Compound Interest for Retirement. Each mistake includes Coaching Tips for achieving success. It's a wonderful, easy-to-read book!

Bach, David Smart Women Finish Rich (1999) I read this book in a couple of days. I had never realized how important my personal values were in relationship to money. But, as David Bach explains "your attitude about money are what define everything that matters about your personal financial situation: how much money you need, how hard you are willing to work for it, how you will feel when you finally get it." The magic of compounding interest made me wish I had read this book when I was in my 20s. The book is easy to read and provides the steps, tools and inspiration to achieve financial security. It should be required reading for all college aged women!

Bahr, Candace & Wall, Ginita It's More Than Money, It's Your Life (2004) After reading that list I knew I had to read this book! A great book to read if you're just getting started! There are quizzes and questionnaires throughout the book which help you get to the root of your "money" issues. There's a Money Style Quiz, which helps you determine whether you're a "Hoarder", "Avoider" or "Splurger". The Money Wi$e Women T Book Club read this book and howled in laughter as we shared our personal money style. The book is upbeat, fun and a great book to read and discuss with your friends.

Bodnar, Janet Think $ingle! The Woman's Guide to Financial Security at Every Stage of Life (2003) Don't let the title scare you away from reading this book! Janet Bodnar explains it's not about being single, it's about thinking single. She wants women to be confident in their ability to support themselves financially if necessary and comfortable with handling money. You'll learn how to deal with money when you're single, married, divorced, widowed, etc.

Warmly, Marcia

Brixey , Marcia. The Money Therapist: - A Woman's Guide to Creating a Healthy Financial Life (2008)

Frankel, Lois P. Ph.D. Nice Girls Don't Get Rich: 75 Avoidable Mistakes Women Make With Money (2005)

Bach, David. Smart Women Finish Rich (1999)
Bahr, Candace & Wall, Ginita It's More Than Money, It's Your Life (2004)

Bodnar, Janet. Think $ingle! The Woman's Guide to Financial Security at Every Stage of Life (2003)
Wendy Weiss, Ph.D.:
expert info »
Great to hear that you want to read more. While I would like to know a bit more about your interests, and your age, I can make some suggestions.

If you are a young woman just finishing college or there about, I think Vanessa Summer's book is great! It is called Get in the game! the Girls'Guide to Money and Investing.

A second book is less targeted to an age group, but I think it covers all the basics. It is written by Jane Bryant Quinn, and entitled Making the Most of Your Money. It is long, but thorough. And it seems to be written with you in mind. She seems to know what her readers are thinking when she brings up a lot of topics. My favorite --her chapter encouraging you to get your papers more organized. It is entitled "I have it here somewhere." I hope this helps.

Summers, Vanessa. Get in the Game!: The Girls' Guide to Money and Investing 2001
Quinn, Jane Bryant. Making the Most of Your Money 1991, 1997.