The only negative about this older version of the book is that it doesn't suggest what a person should do if they don't have the money to take the steps. The book is so powerful in influencing your mindset it seems strange that it leaves out the important fact that a person may have to get a part-time job or they may have to cut out a lot of luxuries in order to get debt free. This version also doesn't suggest how a couple should work out differences of opinions when it comes to credit.
Other than those two things this is a great read for everyone and a book I feel every freshman in college should get for free before they start receiving all of those pre-approved credit card statements..
When you're going through divorce, you have to make an overwhelming number of financial decisions. Should you sell the house? What happens to retirement benefits? How will you handle taxes?
Full of sensitive and practical advice, Divorce & Money guides you through the process of making these important decisions. It covers how to:
gain financial stability as a single person
The 8th edition provides the latest tax figures and data, plus expanded coverage of debts and bankrutpcy.
Download Description
"When you're going through divorce, you have to make an overwhelming number of financial decisions. Should you sell the house? What happens to retirement benefits? How will you handle taxes? Full of sensitive and practical advice, Divorce & Money guides you through the process of making these important decisions. It covers how to: determine the real value of the house, investments and other property divide debts set alimony and child support negotiate a settlement that's fair to both of you Bursting with practical strategies for surviving a divorce without going broke, the brand new 6th edition provides worksheets, charts, formulas and tables. It also includes new information on how to divide benefits like stock options and cafeteria plans. "
Customer Reviews:
Take it from me, this is the best book.......2006-02-22
All the dueling reviews below would have you wonder about the quality of both "Divorce and Money" books, so as an experiment I got both. It's pretty clear that this book (Nolo's) is the better one, hands down. The difference was evident in just minutes. Everything's presented in easy to read verbiage, the charts are easy to use, and the forms and checklists were really handy. Helped me and my ex make the split easier than I expected, frankly. Thank you for this book!!
My new favorite book!.......2004-07-13
Okay I might be exagerating but I did love this book. A friend recommended it after my husband and I decide to "part ways." I accidently picked up the other book with the same title and was not so thrilled with all the Get A Attorney advice, but then I realized my mistake and got this version -- it's SO helpful. It almost took me by the hand and showed me how to be less emotional than I would be when making decisions affecting how to split our property and bills up, and how to figure out child support.
My eyes glazed over.........FELT LIKE I WAS IN LATIN CLASS!!.......2004-03-03
Read both books and all the reviews of 2 books with basically the same name and if you want more information in a MUCH MORE user friendly, readable (in English) format at 1/2 the price buy the other book by Smith, Divorce and Money Everything you need to know. I read a review that the Smith book just wants you to hire expensive lawyers. NOTHING could be further from the truth. No matter what, you need a lawyer and this book tells you the same thing. It doesn't mean you have to be stupid! As a normal, middle class guy with a college education and MY OWN BUSINESS this book makes you feel like you are in Latin Class again. Do your self a favor and not only buy Smith's book on Money get her book on Children.......you will save lots of time and stress.
For my money, a better bet is............2004-03-03
....a newer book, "Divorce and Money: Eveything you need to Know," by attorney Gayle Rosenwald Smith. The newer book even has its own website, www.divorceandmoneybook.com, which allowed me to peruse the contents, view a video clip of the author on CBS, and check her calendar to see if she would be appearing at a book store near me. Well she was, and I got to talk to her in person, which was great! She's so knowledgeable and empathetic; her very human tone comes through in every page of her book. Gayle's book lists at $14.95 (but I got it for less!) vs. $24.50 for the other book. At a time like this, I need to hang onto every penny I've got. I'm really glad I bought Gayle's book, the information was up-to-date, thorough and invaluable. Why pay almost $10 more for an older book?
The best book available.......2004-01-30
Recently saw another book with this same title at the bookstore, so I picked up both. Of the two, the Nolo book was so much more helpful -- it assumes you want to handle most of the details yourself, and avoid lawyers, whereas the other kept talking about how to choose a lawyer (an expensive, time-wasting lawyer).
Book Description
"Hugh addresses what I believe is the most important aspect of achieving economic freedom: Know Thyself! The financial planning community owes a great deal to Hugh for his contributions."
—Elizabeth Jetton, CFP, Strategic Advisor, Mercer Advisors, Inc., and 2005 Chair of the Financial Planning Association
"A great lesson in knowing how you are hard-wired to behave and communicate in planning your personal finances is more important than the technical and product aspects of money management."
—Susan Bradley, CFP, founder of Women, Meaning, and Money and bestselling author of Sudden Money
"Financial DNA® nailed both of us, generating new communication and exciting insights among our team members. It's helping us to grow both personally and professionally. It's more than a good read, it's a virtual experience!"
—Robert A. Esperti and Renno L. Peterson, authors of numerous estate and wealth-planning books, Directors of two Institutes at Michigan State University, and founders of the National Charitable Initiative
"The process Hugh has developed truly identifies the behavioral issues that get in the way of functional family relationships and in a very practical way builds a bridge to protect the wealth and harmony of the family."
—V. Thane Stenner, FCSI, CIM, First Vice President, T. Stenner Group™ national bestselling author of True Wealth: An Expert Guide for High-Net-Worth Individuals (and Their Advisors)
"Very powerful behavioral insight that will give you the formula to transform the way you think about building the quality of your life, starting with understanding yourself in a new way."
—Nick Kalikajaros, Head of Private Banking, St. George Bank, Sydney, Australia
Download Description
From his experience as an international wealth mentor, author Hugh Massie understands that each of us is uniquely wired in a way that affects every relationship and decision especially financial decisions. Now, in Financial DNA Massie unveils a proven process for better financial decision-making that is based on discovering an individual's unique financial personality. This guide provides readers with accurate insights into human behavior, allowing them to truly put life at the center of their financial planning rather than their money. This awareness will help readers find congruence between their behaviors, passions, values, and their decisions. Financial DNA also discusses transparency in the financial decision-making process, thus lowering the barriers to meaningful dialogue, and opening the door for effective communications, lasting relationships, and making committed decisions. By relating financial decision-making to the powerful concepts of human behavior, Massie has broken the code for understanding our Financial DNA showing how to tap into this life-changing information and use it to build a quality life. Hugh Massie (Atlanta, GA) is President of Financial DNA Resources and the Coddington Group, a leading international wealth mentoring and advisory group. He is also a director of RightPath Resources, Inc., a provider of human capital solutions worldwide. Massie is a Chartered Accountant and a member of the Institute of Chartered Accountants in Australia.
Customer Reviews:
Financial DNA the new trend in servicing clients .......2007-06-13
Hugh Massie's Financial DNA book expanded the way I see my practice today. He helped me to understand that the most important aspect of the personal finance advisory business is discovering the unique financial personality of each customer, not the technical side of products or money management.
With his broad experience as a wealth mentor, Hugh envisioned a new way of servicing clients. He developed a user friendly framework based on scientific methods of behavioral profiling in order to align personal needs with financial objectives.
By citing real life examples, he shows how his Financial DNA Discovery Process and Tools can be used in helping advisors to better understand and communicate with clients and tailor a financial strategy suited to their financial personality, allowing them to experience a better quality of life.
I have started introducing the "knowing people before the numbers" concept and realized that my relationship with clients, which had already gone through the Discovery Process, improved tremendously.
I want to congratulate Hugh and his team for the visionary work that they are doing!
An infomercial.......2007-01-21
There are a couple of glowing 5/5 reviews for Financial DNA here already, but I'm not sure they accurately represent what the book is about.
Financial DNA is a psychological profiling service offered by the author of this book's company. This book is a written infomercial for the Financial DNA service.
It doesn't describe how the service works, the psychology on which it is based is a commercial secret and while some of the questions the tests ask are listed, it doesn't provide any kind of marking key. The author keeps all details of how the service was developed or how it works a secret. If you log in to their website, enter your credit card details and do the tests, you'll get a series of charts and scores but won't know too much about how these were derived as the system is basically a psychological black box.
I can't see how the book itself warrants a 5/5 rating, nor how the reviews already published relate to the book. They are obviously satisfied customers of the Financial DNA service, which for all I know is just as fantastic as they say it is, but that's not the product on this Amazon page. I'm reviewing a book today, not the service the author is trying to flog. I'm somewhat surprised that Wiley agreed to publish it, books of this genre are normally self-published.
"Bring your master plan to the surface".......2006-03-18
As someone currently using Financial DNA, both for myself and my financial advisory clients, I believe this book presents a superb system for living a quality life based on understanding your own unique natural behaviors.
The modular design used in the book lends itself well to a customized approach for each person. Although it can be used by an individual alone, it is best used while working with a financial advisor trained in the system.
As more and more the financial services industry focuses on the advisor "knowing the client", I expect cutting-edge advisory firms will use Financial DNA. The Chief Compliance Officers at broker/dealers would be wise to read this book, and consider how it could help their advisors not only "know their clients", but help their clients live a quality life.
I think within the next five years, Hugh's Financial DNA will become the index, the measuring stick, by which all financial life planning systems will be compared to. Yes, the book is called Financial DNA, but the book puts money where it ought to be...after understanding our natural behavior, then we can talk about money. Hats off to Hugh Massie for a seminal contribution to our individual lives!
Knowledge.......2006-02-23
Knowledge is power. Knowledge of ourself and others has power to transform lives. Hugh's book and system provide a path to acquire this transformational power. Well done, Hugh.
Average customer rating:
- Understanding the Myths and Realities of 401-K Plans
- I'll struggle to review, like the writers struggled to conclude
- If You Participate in a 401(k), You'd Better Read This
- So Many "A-ha" Moments
- A good perspective on the risks inherent in 401k plans
|
The Great 401 (K) Hoax: Why Your Family's Financial Security is at Risk, and What You Can Do about It
William Wolman , and
Anne Colamosca
Manufacturer: Basic Books
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ASIN: 0738208523
Release Date: 2003-04-01 |
Book Description
The American public was hoodwinked: 401(k)s were established to satisfy corporations, not the interests of working Americans. Portrayed as a perpetual wealth machine, the 401(k) was meant to satisfy the needs of every employee. Yet, it was an impossible promise to fulfill: It was the great 401(k) hoax. According to William Wolman and Anne Colamosca, this was the latest act in the gradual erosion of the nation's retirement system. Drawing from reams of historical and contemporary data as well as economic, social, and political trends, they reveal the system's troubled 100year history. Beyond exposing the hoax, the authors urge everyone to take charge of their investment portfolio and recommend strategies for beating Wall Street at its own game. Timely and incisive, The Great 401(k) Hoax is guaranteed to inspire debate and action-from the water cooler to the boardroom to the voting booth.
Customer Reviews:
Understanding the Myths and Realities of 401-K Plans.......2006-08-25
I read and was enlightened by the hardcover edition of Wolman and Colamosca's book when it was first published and am looking forward to reading the updates in the recently released paperback edition. Companies encouraged baby boomers to join the 401-K bandwagon. Now, as we begin to enter retirement years, our large demographic may provide a magnified study of the impact of such plans. Perhaps this will benefit younger members of the workforce, especially if the Bush Administration re-visits its efforts to foster worker-managed-retirement-investment programs.
I'll struggle to review, like the writers struggled to conclude.......2006-03-09
The Great 401(k) Hoax is real!!!!
Or at least that's what the writers of this book, surpisingly former Business Week contributers, will have you believe. ("Surprisingly" because of the lack of free-markets bent.)
The conclusion is that our entire futures are based around a flawed and imperfect system of investing that has led us all astray and has jeopardized our future. This is ten to fifteen pages of The Great 401(k) Hoax. The rest of the book provides historical comparisons to the post bubble/9-11 period that "prove" we are in for stagnant returns in the stock market from now (the now being mid 2002 when the book was written) to...well, who knows when. Quite honestly, the historical connection is incredibly signficant as history may not be indicitive of future returns (as all mutual funds are required to tell you), but history can be darn close. This part of the book is very interesting and important. Also included is a analytical perspective on the destruction of the pension plan which is fine and good, but intuitive.
What lacks is the clear cut conclusion of "what do we do?" Part of the title of this book is "What You Can Do About It." After reading the entire book, I'm still not entirely clear on what I can do about it. The writers offer investment suggestions, but in the end still seem a little inconclusive on whether they are viable options for a safe retirement. In the afterward, written a year or so after the original release, many of the writers' original investment suggestions are (obviously) rescinded, such as bonds which had 3 years of strong growth following the continuing decline of stocks. Ultimately, one investment option is highly recommended, both in the book and the afterward. I won't ruin the surprise for readers, but their TIPs are anti-climactic.
If You Participate in a 401(k), You'd Better Read This.......2006-02-23
If a person wants to invest in the stock market or in other forms of investments (bonds, govt. securities), and the primary purpose behind these investments is for retirement, this is a book that one should read. As with so many things that the government does, often in cahoots with businesses, this book shows how the 401(k), a supposed benefit to employees, is anything but. The `average' employee is getting ripped off in his/her 401(k) plan. The primary benefits of 401(k)'s are to the businesses, themselves, and to the top 10% of households based on wealth. Simply put, the rich get richer at the expense of the middle and lower class. If you have a 401(k) or are thinking of participating in one, read this book first and then decide if or how you want to participate. Rating: 4.0.
So Many "A-ha" Moments.......2006-01-04
I'd been feeling suspicious and uncomfortable for years with regards to Stock Market investing, Mutual funds and 401K's and pension plans in particular. I never really knew why aside from this feeling that "The Street" was always trying to pull a fast one on us little guys. I applaud and thank the authors for this book and the effort to educate the masses. The patience and wisdom with which they explain the "fallacy of composition" as the basic principal behind the danger of investing in the stock market and especially a 401K for one's retirement is the best and most important element of the book. I'm feeling as if I've just been pulled from a burning building.
This book also reveals the many advantages corporations have over wage earners and the individual investors. Reading this book will arm the average American with the knowledge needed to prevent costly investment mistakes - like complacency and too much trust in our corporate employers and wall street gurus.
A good perspective on the risks inherent in 401k plans.......2005-07-14
The authors set out to prove that 401k plans are inherently risky and in many cases inadequate to meet the retirement needs of people. They make their case by using historical analysis and they manage to do it well. They draw a parallel comparision between the politics, culture and economics of the 1920s and the 1990s. Just as the 1920s led to the Great Crash and the Depression, the new millenium looks ready for similar economic hardships. This can have a devastating effect on the retirement plans for most Americans.
Before 401(k) plans came into the picture, "defined pension plans" had become popular ( though not as popular as 401k was eventually to become). Those were the Golden years of the American economy (1945-1973). It represented a certain commitment by American companies to their workers. Most companies were doing well in those years and could guarantee the monthly pension checks to retirees.
As America suffered slow-growth years from 1973 to the mid 90s, the solution that emerged for improving corporate balance sheets was simple: Design a pension system that depended not on defined benefits for employees but on defined contributions made mainly by employees. As corporations were having more trouble making money, the 401(k) became the new model for pensions.
Various other factors contributed to Americans shifting more and more of their assets into stocks/Mutual funds/401k plans over the years:
1. First is the Wall Street propaganda resulting from the massive drive to capture the public's resources. Andrew Smithers, the brilliant British financial analyst, once told the authors that he could make a lot of money by being a bull and being wrong than by being a bear and being right.
2. Delusive academic research, demonstrating that stock investments, patiently made over the years, were a safe and superior source of investment. Professor Jeremy Siegel's book "Stocks for the Long Run" has been one of the most repected sources of delusion. To Siegel, the failure to grow rich is an individual's failure to save enough or to be patient, not of the way in which society as a totality works.
3. The economic boom years from 1995-1999 provided much incentive and validated the Wall Street propaganda and the delusive academic research.
The authors discuss the various evils in the stock market, the current American economy and the 401k plan. They propose various reforms such as banning of company stock contributions, allowing employees to shift their funds at any time they want to, keeping transaction fees low and discouraging conflicts of interest between employees and their corporate employees.
Until new legislation arrives to fix our 401(k) plans, we are stuck with what exists. Investing in Inflation-indexed government bonds, though not frequently made available in 401(k) plans, come across as the best way to plan for retirement in the current situation.
This book is worth a read just to get a historical perspective of the US economy and of the retirements plans that existed through the times.
Book Description
In this book, the author gives the reader the keys to building wealth while also creating a successful, united family. In the course of the author's work with men and women in all phases of life, Ramsey has identified the ten key traits that are essential to creating prosperity, teaching your children about money, living debt-free, and achieving marital bliss around the issues of finances. This book also provides practical lessons that will help you enrich your wallet and your life. This book inspires with the author's down-home, folksy voice; heartwarming case histories; inspiring insights from his wife, quotations from the Bible, exercises, quizzes, and simple work sheets.
Download Description
Dave Ramsey shares the lessons he has learned about building wealth and a successful, unified family. In the course of his work with men and women in all phases of life, Ramsey has identified the ten key traits that are essential to living debt-free, creating prosperity, and achieving marital accord concerning your relationship to money as well as teaching your children smart financial habits. More Than Enough elucidates each of these traits, which include values, goals, accountability, discipline, patience, and giving back to your community. * What finances and romance have to do with each other * How financial problems affect the sexes differently * Why contentment is the most powerful financial principle there is * How to teach kids the value of money * How to avoid letting the number-one cause of divorce-- money--destroy your marriage * Why living debt-free allows you to build wealth and change your family's spending habits forever
Customer Reviews:
contentment is the key.......2006-10-09
Dave is preaching some good lessons about life in this book. Values, vision, intensity, patience, wisdomonics (his word).... but the key to me is contentment. Learn to be happy that you are loved by God, and stop looking at spending money on stuff to make you happy. See yourself as a participant in God's world doing His will, and stop focusing on yourself. I know this is easier said than done, and especially if you have a family to support (you always want to give them the best stuff). This isn't your typical financial planning book, or even your typical how to get out of debt book, but it is filled with good thoughts about life in general, and if you live them, Dave promises other problems (e.g., money) will fade away, or at least get under control. I give this a big thumbs up.
Must read if you don't have MORE THAN ENOUGH.......2001-12-22
Dave's teaching is practical and common sense. If you follow his plan you will have peace and prosparity. His simple teaching may be scoffed at because it seems common sense, however most people don't follow this and they suffer. I hope you'll read it for your benefit. If you want to have more than enough in your financies and in your life, then read this book.
Must-read for anyone, great perspective on money and more.......1999-07-13
In this book Dave really drives it home - it's all about values, integrity, honesty and money is just an indicator of those. It taught me a lot on how it really works and it does, you can have more than enough! Go get it!
Dave Ramsey hits a homerun "It truly is about Integrity".......1999-04-09
This book should help just about everybody. Dave's open and honest text helps the reader look deep inside himself to look not only for finanial peace but peace in knowing that the reader can sleep at night with all the other parts of his life no matter who he or she is or how finacially secure he or she might beRamsey has worked hard at his own success and makes no bones about sharing a life that is more about integrity and doing the right thing than the typical finacial strategy books on the market.His tips are solid as a rock and should not be ignored. Especially in todays enviroment where words like integrity, honesty and courage seem to be set aside for excuses and lies. The book takes Dave's first book and drives home the behavioral changes that need to take place to be successful in all aspects of life. Great Job Dave and thank you.
Do yourself (and your family) a favor ... read this book!.......1999-01-19
I submitted a review of this book last week. I loved the book. I would gladly write an additional review. I wholely believe in Dave's Methods and have shared them with many friends and family. They will change your live.
Average customer rating:
|
Technical and Financial Guide to EHR Implementation with CD
Carolyn P. Hartley
Manufacturer: AMA Press
ProductGroup: Book
Binding: Ring-bound
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ASIN: 1579477763 |
Book Description
A must-have working guidebook designed to provide step-by-step technical guidance for the physician practice that has made the decision to move from paper based records to electronic health records. This handbook will pave the way for a successful move to a digital, efficient practice. Complete features include:
-Security Preparedness - stay up to date with security issues, federal regulations and learn techniques to help manage your security risks
-Organizational Readiness - Access workflow analyses to help assess your practice's IT readiness and determine a path for change management
-EHR Implementation - Common pitfalls and how to overcome them
-How to measure your EHR Return on Investment-use your electronic data to improve workflow efficiency, find new revenue streams, improve patient communications and more
-Remittance Implementation - Learn basic rules common to each of the transaction standards and characteristics of the remittance transaction with a focus on data segments
Book Description
The premise of Financial Management of Your Family Company is straightforward: Family business owners have very special management imperatives. Establishing a solid financial system, or raising capital, or setting compensation rates in a family company are NOT the same tasks as in a public company or in a private company that is not family owned.
In concise and no-nonsense terms and organized in convenient handbook fashion, Financial Management of Your Family Company tackles stakeholders' most vexing concerns and covers the watershed of topics crucial to managing a family firm's finances.
Customer Reviews:
Learning about money period!.......2006-04-26
We instituted this plan with our daughter almost 2 years ago. The difference was dramatic and immediate. We had not originally allowed enough money to cover all of the expenses we were expecting her to cover. The monthly sessions were very emotional for those first couple of months when there just wasn't enough money. We went through the plan and looked at it together and readjusted her salary. Things became much more manageable and less stressful. I used this experience to explain to her that there are people who feel like that every month. That there just isn't enough money to pay for the things they have to pay for. I did NOT do it on purpose to give her that lesson.
She has made great strides in financial responsibility. She got a job when she was old enough. She bought a car, pays for her insurance, tag and car related as well as other expenses from her job. She donated over $500 last year to causes that she finds worthy. Has a long and short term savings accounts. Our next step is to work toward investments and teaching her to be responsible with credit before she leaves for college in just over a year. She was starting 10th grade when we started this. We were worried that we might not have enough time. It had taken years for her dad and I to get to the point where we finally "got it" financially speaking. She has come so far, so quickly it sometimes seems we've been doing it much longer than we have. I have read other books on this subject over the years, for some reason this one clicked and I knew it was something we could do. I think one of the best things about it is that it is not about being strict or perfect. It is about finding a balance that works and letting kids figure out how to make choices and live with those choices when those choices do not threaten their safety or security. I am thrilled with the progress we have made in our home with this program. I don't really worry about her future financially. I know things could still happen but at this point I feel certain that she won't make damaging financial mistakes because she didn't know any better.
Learning About Money . . . The Hard Way.......2001-08-13
When I was about five years old, my mother got tired of my complaining about the food she bought for our family. She told me that I would pick out the food for one week, and we would eat whatever I bought. We would use our normal grocery budget. Wow! Was I excited! The basket was soon filled with Cokes, candy, sugared cereal, cookies and potato chips. Naturally, there was no meat, fruit, or vegetables. I was asked if I was sure that's what I wanted. Yup! Well, it was heaven for about three days. Then, we started to run out of food. And I got tired of all of the junk food. My mother took pity on me and made some things out of staples at home. At the end of the week, she asked me if I wanted to to do the shopping for the next week. No way! I told her I would be glad to eat whatever she bought.
That experience is a mini-lesson of the sort that Dr. Whitcomb feels that each child should have beginning between ages 10 and 13, depending on the child. Dr. Whitcomb learned the benefits of making money mistakes for himself while he was a boarding student. He was given the money to pay all of his expenses. If he ran out, that was his tough luck! His parents before him had had the same lesson applied in the same way.
Most young people eventually start to have these experiences when they live away from home, whether for boarding school, college, or moving away to take a job in another area. Dr. Whitcomb points out that learning the lessons earlier and on a smaller scale is a good idea.
The book is built around the idea of establishing a budget for something your child needs to pay for, then giving the money to your child, and learning from the school of hard knocks. He has an elaborate set of contracts, ATM account rules, and tracking mechanisms for making this practical. He suggests picking out an approach that works for you and your child. The book has lots of good advice for how to handle the inevitable crash landings.
We did something similar to this with our children, and they soon learned to live on the funds they had . . . or to earn some more. They became ingenious at saving money, and finding better ways to earn it. One child, who had been profligate before it became that child's money, totally turned around. So I think the theory works.
I would advise starting earlier than he suggests here. Children can take on responsibility for buying family presents much younger than was described in the book. And you don't need an ATM account to do it. When the age is reached to buy one's own lunches, that's another opportunity to install this approach . . . with a fixed weekly allowance. Chores can be used to generate income for "extras" and that helps other lessons be learned.
I also suggest starting with investing younger than is indicated here. I started doing that when I was 12 and greatly benefited from that early exposure.
I think you will enjoy the book, although I don't think you will follow it exactly.
The best part for me was in the sections for helping children learn lessons from their experiences.
Where else would advance practice make a good difference? Be sure your child has that practice.
Assume that people can learn by doing better than any other way!
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