Search This Blog

2024 Bookish Books Reading Challenge (Hosted by Yours Truly)

2024 Challenge Sign-Up Post

January Reviews Link-Up

February Reviews Link-Up

March Reviews Link-Up

April Reviews Link-Up

May Reviews Link-Up

June Reviews Link-Up

July Reviews Link-Up

August Reviews Link-Up

September Reviews Link-Up

October Reviews Link-Up

November Reviews Link-Up

December Reviews Link-Up

My Progress:


13 / 30 books. 43% done!

2024 Literary Escapes Challenge

- Alabama (1)
- Alaska
- Arizona (1)
- Arkansas
- California (5)
- Colorado (1)
- Connecticut
- Delaware (1)
- Florida
- Georgia (1)
- Hawaii (1)
- Idaho (2)
- Illinois (2)
- Indiana (2)
- Iowa
- Kansas
- Kentucky (1)
- Louisiana (1)
- Maine (1)
- Maryland
- Massachusetts (2)
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska (1)
- Nevada (1)
- New Hampshire
- New Jersey (1)
- New Mexico (1)
- New York (5)
- North Carolina (4)
- North Dakota
- Ohio (1)
- Oklahoma (1)
- Oregon (2)
- Pennsylvania (2)
- Rhode Island (1)
- South Carolina (1)
- South Dakota
- Tennessee (1)
- Texas (3)
- Utah (1)
- Vermont (2)
- Virginia (2)
- Washington (2)
- West Virginia (1)
- Wisconsin (1)
- Wyoming
- Washington, D.C.* (1)

International:
- Australia (2)
- Canada (2)
- England (10)
- France (1)
- Indonesia (1)
- Ireland (4)
- Italy (1)
- Scotland (2)
- The Netherlands (1)

My Progress:


35 / 51 states. 69% done!

2024 Historical Fiction Reading Challenge

My Progress:


29 / 50 books. 58% done!

2024 POPSUGAR Reading Challenge


23 / 50 books. 46% done!

Booklist Queen's 2024 Reading Challenge

My Progress:


50 / 52 books. 96% done!

2024 52 Club Reading Challenge

My Progress:


42 / 52 books. 81% done!

2024 Build Your Library Reading Challenge

My Progress:


29 / 40 books. 73% done!

2024 Pioneer Book Reading Challenge


16 / 40 books. 40% done!

2024 Craving for Cozies Reading Challenge

My Progress:


11 / 25 books. 44% done!

2024 Medical Examiner's Mystery Reading Challenge

2024 Mystery Marathon Reading Challenge

My Progress


17 / 26.2 miles (2nd lap). 65% done!

Mount TBR Reading Challenge

My Progress


30 / 100 books. 30% done!

2024 Pick Your Poison Reading Challenge

My Progress:


74 / 104 books. 71% done!

Around the Year in 52 Books Reading Challenge

My Progress


50 / 52 books. 96% done!

Disney Animated Movies Reading Challenge

My Progress


84 / 165 books. 51% done!
Thursday, April 30, 2009

Lloyd Watts' Money Guide A Good Place to Start

(Image from Barnes & Noble)

With the U.S. economy crumbling around us, it's no wonder everyone has money on the brain. We all want to know how to get it, how to keep it, and how to use it most wisely. Even those with money in the bank are creating budgets, forgoing large purchases and begging their penny-pinching, coupon-clipping, frugal-minded friends for tips We all want to know how to survive, let alone thrive, in this down economy.

Lloyd Watts, PhD, who is the Chairman and Chief Technology Officer of Audience, Inc., which he began in 2000, has the answers. Not only does he know how to generate wealth, but he describes the process in simple, straightforward language that even the most financially clueless person (me) can understand. Basically, his philosophy involves keeping living expenses low and using money to invest in things which generate passive income. This way, you no longer have to rely on job income. He suggests spending less than you make; paying a percentage of your salary into an investment account; using funds in the investment account for things that will generate passive income; and delaying instant gratification in favor of long-term financial independence, among other methods. He also advocates cutting up credit cards and getting away from the "Piggy Bank and Allowance" idea, which basically teaches us to save until we have enough for a coveted item, then spend all our money on that product. His idea is that investing in our financial future means that not only can we enjoy a more peaceful existence, but also that we can use our resources to give back to our communities by fulfilling our "higher purpose."

Although Watts says that managing time works much in the same way as managing money, he doesn't spend nearly enough space explaining how. His rushed advice basically boils down to use a planner. So, while I was thrilled with his money advice (which makes so much sense, even to me), I was disappointed with the measly section on time management.

All in all, I found The Flow of Time and Money to be an excellent overview of how to manage money wisely in order to create a stable financial future. For those already versed in the subject, the book may be too simplistic. For me, however, it provided a quick, clear introduction to managing, investing and generating income. I wanted the same kind of advice on time management, but ended up disappointed with Watts' rush-rush treatment of the subject. So, for the most part, I found this book useful, especially because of the clear, easy-to-understand way that Watts presents his material. If the economy has you down, do what Watts suggests and educate yourself - The Flow of Time and Money is a good place to start.


Grade: B

1 comment:

  1. Thanks for the nice review of Lloyd's book. I haven't had time to get too much into it yet, but it sounds like a great book that could be helpful to many.

    Cheryl

    ReplyDelete

Comments make me feel special, so go crazy! Just keep it clean and civil. Feel free to speak your mind (I always do), but be aware that I will delete any offensive comments.

P.S.: Don't panic if your comment doesn't show up right away. I have to approve each one before it posts to prevent spam. It's annoying, but it works!

Blog Widget by LinkWithin


Reading

<i>Reading</i>
Homecoming by Kate Morton

Listening

<i>Listening</i>
The Good Neighbor by Maxwell King



Followin' with Bloglovin'

Follow

Followin' with Feedly

follow us in feedly



Grab my Button!


Blog Design by:


Blog Archive