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Monday, September 20, 2010

Your Money God's Way

Your Money God’s Way
By Amie Streater (2010)
ISBN-13: 9781595552327

Your Money God’s Way is a good introductory book for people who have not previously spent much time reading or getting educated on personal finance, but find themselves struggling with their finances and desiring to be in a better financial position.
The book is primarily based on case studies, and is fairly qualitative in nature given the subject of the book. So for readers who are looking for a research based, fact and data filled read, will likely need to look elsewhere. This is a bit disheartening as the author sounds like she has coached many people regarding their financial troubles, and likely has a large amount of raw data on various types of people, financial issues and misconceptions that they have, and what resolutions were most effective. It would have been nice to have seen some of this research done, as it likely could have provided some real insight and added a valuable element to the book that does not exist in many places elsewhere in personal financial literature.
In general, the book appears to be geared toward readers who are encountering personal finance literature for the first time. For example, many of the chapter headings focus on financial misconceptions that people with financial troubles often fall prey to. These may be new and interesting ideas to a first-time personal finance reader, however readers already versed on the topic will recognize the financial misconceptions as already well-identified financial beliefs that have been coming out of the fields of behavioral finance and behavioral economics over the past couple decades.
As a result, people already knowledgeable regarding personal finance literature, or those who prefer research and data-filled reading, will likely not find the book too engaging.
But if you’re struggling with your finances, and are looking for a first book to read to shed some light on your personal situation, show you that you’re not alone in your financial troubles, and provide an insightful and inspiring read including initial steps to take to get yourself back on the right track, then this is a good book to start with.

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