Book: The Money Book for the Young, Fabulous, & Broke by Suze Orman
Genre: financial planning, self-help
Length: 359 pages
Cost: ~$10.00 on Amazon
Not too long ago, I shared my first financial self-help book review and gave it a 4/5 due to it being a tad bit difficult to read and understand fully. However, I think I’ve found a winner! The Money Book for the Young, Fabulous, & Broke was the perfect guide for the young (or young-at-heart) professional seeking to get their financial lives in order.
First things first, I appreciate the aesthetics of this book. It doesn’t read like your traditional book.
The advice I’m going to give you is not the same old same old. And I’m also not going to deliver it in the same old way.
The Money Book for the Young, Fabulous, & Broke is filled with bright colored pages and words, emboldenings, big quotes that take up an entire page, and financial guidelines in “problem: solution” format. There’s something I appreciate about an author making a difficult topic (e.g., finances) easier to understand and read about. The aesthetics of this book make it fun and interesting to read.
Furthermore, its contents are broken into 10 chapters:
- Know the Score
- Career Moves
- Give Yourself Credit
- Making the Grade on Student Debt
- Save Up
- Retirement Rules
- Investing Made Easy
- Big-Ticket Purchase: Car
- Big-Ticket Purchase: Home
- Love & Money
At the start of each section, there’s “The Lowdown” — a spin through the basic information you need to make smart decisions. Then, there’s a list of issues related to the chapter’s topic that is most likely “gnawing away at you”, and the pages where you can find the solutions. So, you can easily flip to what you need from this book (although I recommend reading it cover to cover!)
At the end of each chapter is a “Quick Playback” which recaps the most important do’s and don’ts; basically a refresher course on two easy-to-read pages. I surely appreciated this repetition!
Following all ten super-engaging, knowledge-filled chapters, there is also a “do not” list and a glossary. The “do not” list is based on Suze’s premise that avoiding these specific, bad financial decisions can have a huge impact on your quality of life. We are often told what to do, and then the “what not to do” may be neglected, or vice versa. The glossary in the back of the book offers plain English explanations free of financial jargon, which I found to be insanely helpful.
It’s important for me to note my expectations before I cracked open the book, and my reflections afterwards. Judging this book by its cover, I assumed this would be some old, rich person (who got rich off of selling books like this one to people like me) preaching about cutting back on your lattes and girls’-night-outs in order to get rich. I was totally wrong! Suze gets pretty personal about her own journey to financial freedom and she definitely had a rough, relatable one. Also, I typically find the word “broke” to be condescending sometimes, but I did not feel a sole condescending vibe from Suze’s writings while reading this book.
If you’re searching for a good, financial self-help book… Look no further! The Money Book for the Young, Fabulous, & Broke is a good one that could be well-worth your time.