Author and televangelist Pat Robertson gives a common-sense explanation of money management in Right on the Money: Financial Advice for Tough Times. With the exception of sections on the more complex aspects of stock and bond trading, the language is simple and accessible enough for finance-planning newcomers.
Robertson covers budgets, credit, investing, home ownership, insurance and other basics of personal finance with lucid word illustrations and advice. His suggestions and observations often come filtered through the context of recent events, though not always.
In discussing retirement savings, for example, he doesn’t address the fact that many employers are dropping the company match that makes 401(k)s an attractive investment.
While Right on the Money is valuable reading for anyone hoping to better understand finance, the book offers no magic escape from the current economic crisis. Also, readers who have already made some of the mistakes Robertson rails against may find the book an unpleasant reminder.
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