Everyone knows that senselessly accumulating wealth is pointless, so one of Bach's first steps is to have you really think about what you (as a couple) want to accomplish in life, then think about what kind of money is needed to be able to accomplish those things. Mad Money by Jim Cramer 16. This book guided us into making strong financial decisions (we’ve seen great results) and made household finances FUN. Bach uses another case study here to demonstrate the frivolous (but also somehow completely socially acceptable) daily spending of a family: lattes and bagels in the morning, takeout for lunch and dinner, video rentals and late fees, and so on. Adam and I read this book chapter by chapter, finishing a chapter and then speaking about the steps asked of us by David Bach. Yikes! This book helps you to create a plan, which is what most people neglect to do until it is too late. Smart Couples Finish Rich, Revised and Updated. Hell, we might even be able to retire much earlier. David Bach cautions that only "Smart Couples Finish Rich." This step revolves around the development of a planning system that couples can share in, from a carefully designed record-keeping system to an assessment of long term goals. The books, media, vinyl records and unusual collectible items we sell were all donated to us by the citizens and companies of the San Francisco Bay Area. Robert Kiyosaki's "Rich Dad, Poor Dad" series is about facing up to your parental influences so you can be rich. icup 13 years ago Oh, I forgot to add, I haven’t actually started saving until 3 months ago. Real Money by Jim Cramer 13. The author of bestsellers such as The Automatic Millionaire, Smart Women Finish Rich and Smart Couples Finish Rich brings good news with his latest book, Start Late,. Fair enough, so I looked up the most popular book on finances and put in a hold for it at the library. The Money Book For The Young, Fabulous, and Broke by Suze Orman 17. I liked the discussion of creating medium and long term financial goals based on your core values. I’d rate more than 5 stars if I could because it’s now my staple gift to all newlywed friends. . FreeBookNotes found 4 sites with book summaries or analysis of Smart Couples Finish Rich. A lot of the concepts discussed in “Smart Couples Finish Rich” seems to follow Tony Robbins’ “Money: Master the Game”. Procrastinators rejoice! I was pleased to read that I had already taken a few things into consideration/put things into action (including my ever-more-ridiculous income-and-expenses spreadsheet). My husband wanted me to read this book. He also had a lot of good ideas and information. Great read IMO. Step Three: Plan Together … Win Together Step Five: Build Your Retirement Basket lots of references to "if you're not married yet" etc. To see what your friends thought of this book, Smart Couples Finish Rich: 9 Steps to Creating a Rich Future for You and Your Partner. Smart Couples Finish Rich is about more than the basics of investing. Each chapter offers step-by-step instruction on topics designed to help you get your finances in order in 2010: Get out of debt; Fix your credit; Rebuild your 401(k) plan; Take SMART risks; Make your financial recovery automatic Lol The only thing it is lacking is the instructions to get your partner to interact with the reading/excercises/plans the book details. This book is an easy read which takes all of that information and more and makes it even more relatable. The opening section on first determining your values as a starting point was eye-opening. There were two big things we took out of the book. Now The Automatic Millionaire Workbook lets you tailor that strategy to your own financial life in a line-by-line personal plan.. It stresses that money is a tool to. I recommend it to EVERYONE. This book has some good advice, but it's nothing I haven't already read elsewhere. At the end of the week, sit down with your spouse and review the notebook. Mind Your Business. And I think it's safe to say that five years ago I would NEVER have dreamed of picking this book up. getAbstract's corporate solution enables companies to foster learning cultures by providing tools that allow users to learn as they work. Executive Summary: David Bach’s book, Smart Couples Finish Rich focuses on frank discussions about money between couples. Up until yesterday, you may have done nothing to prepare for your financial future, but this is today. Start Late, Finish Rich, Smart Women Finish Rich, and Smart Couples Finish Rich; founder of FinishRich.com “We’ve been selected by Forbes as the most innovative company in the world for four consecutive years. David Bach is one of America’s most trusted financial experts and bestselling financial authors of our time. Personal finance expert David Bach knows about getting rich. Recommended by my boyfriend's cousin, a professional financial advisor. Offers straightforward dvice to couples on how to put together retirement savings, security investments (the different types of insurance and how to buy), and savings for your dreams. We are the kind of people that could figure out where to cut out all the little things - like eating out or seeing movies, spending more on gif. Financial books should be updated once a decade in order to keep up with the changing economy and any new laws that affect retirement accounts and other investments. The author’s approachable writing style, his logical suggestions, and his humor made a tough and overwhelming topic - how do we combine our income (and our debt) to build wealth together as a couple? I was actually expecting some investment advice here; this is just not the type of “investment” I was expecting. This book focuses much on the mechanics of individual finance and doesn't spend much time and working together as a couple. Bach gives nine lessons to help smart couples finish rich (TM): Facts and myths about couples and money. Offers straightforward dvice to couples on how to put together retirement savings, security investments (the different types of insurance and how to buy), and savings for your dreams. But now that I'm in my mid-twenties, married for more than three years, and have a career, I'm suddenly very interested in not living so dirt poor. Everyone knows that senselessly accumulating wealth is pointless, so one of Bach's first steps is to have you really think about what you (as a couple) want to accomplish in life, then think about what kind of money is needed to be able to accomplish those things. The Automatic Millionaire starts with the powerful story of an average American couple (he's a low-level manager, she's a beautician), whose joint income never exceeds $55,000 a year, who somehow manage to own two homes debt-free, put two kids through college, and retire at … Once I was married, I found it fortuitous that David Bach published Smart Couples Finish Rich. I also thought that some of the financial advice was pretty straightforward and the writing motivate. Reading this book honestly changed my life because it made me assess some of my values regarding finances and it helped me understand where our money was going and how we should be saving it. I did really like his emphasis on the fact that there are more important things than money in this life, and we should spend our time focusing on its' quality instead of trying to acquire "things" or "stuff." I don't think giving up latte's is going to work for the household making the US median of $62,175. With a staggering 10 consecutive New York Times bestsellers under his belt, it’s no wonder that beginners and pros alike turn to David to help them turn their money woes into real wealth. You’re Broke Because You Want to Be. by Crown Business, Smart Women Finish Rich: 9 Steps to Achieving Financial Security and Funding Your Dreams. It really added up, and Bach argued that if one could just strip $10 a day out of this, one could really prepare for retirement. There were two big things we took out of the book. This sparks vital conversation, allows you to think about how your goals could be accomplished with less moolah, and gives you something to work towards that is much more important than money itself. 10+ years later I bought the updated version of Smart Couples Finish Rich. Yes, it's good to max out your tax advantaged retirement accounts, having income reserves, college savi. Shark Tales. Which was really more about preventing unnecessary spending than documenting creative ways to save money. The emphasis on in-depth communication and the risk of different assumptions is certainly worthwhile. Which was really more about preventing unnecessary spending than documenting creative ways to save money. The action plan here is obvious: see what retirement accounts are available to you and make sure that you’re seeing at least a 10% contribution into the account. David Bach. Bach recommends that you put at least 3% of your annual income towards your dreams, simply so you can see that bright horizon in the future and know you’re actually moving towards it. Why would you want to do this? I recently finished reading another personal finance book, Smart Couples Finish Rich 9 Steps to Creating a Rich Future for You and Your Partner, by David Bach.I felt this to be a very well-rounded finance book that focused on the relationships in … The advice is invaluable, and thanks to this book I know with certainty that Adam and I will be more than comfortable in retirement. Couples need not tell each other every detail. Author of nine New York Times bestsellers, including #1 New York Times bestsellers Start Late, Finish Rich, and The Automatic Millionaire, David Bach will teach you why it's never too late to live and finish rich.He will also share the secrets to becoming an “Automatic Millionaire” and how ordinary people with average incomes can achieve extraordinary wealth. The rest didn't seem as relevant to my own life and patterns as many of the other financial advice books I've read, however. This books is so much more than budgeting, and worth the read wheth. Originally I gave it 3 stars, but didn't write a review. ), but there is a lot of information presented as if the read. The author proposes that couples identify 5 of their most important values, assess how money affects those values, identify goals that correspond to those values and action items to achieve them. He does address debt and retirement and emergency funds, but not in a new way. Before reading this book, I really didn't think it was possible to make financial planning an enjoyable aspect of a marriage. You may learn more than your willing to accept about your partner as well. Summary . You don’t get rich in days; you get rich in decades by creating a system that makes it so that you literally can’t fail. “ [David Bach’s] advice is heartfelt and worthy. And what has really made the m. I read this book 10+ years ago, newly married. Tyler said that since I read so much, I should try reading something that would benefit us both every now and then (Bill Simmons, apparently, doesn't count). The filing system exercise was amazingly informational and getting our Will completed felt like a huge accomplishment. GOOD LUCK! David Bach cautions that only "Smart Couples Finish Rich." The first half of the book seemed pretty reasonable and common-sensical. Although I gave this book 4 stars I must say I was somewhat disappointed in the content of this book .The first few chapters I found very informative with applicable advice for discussing finance issues with your partner. I started off really enjoying this book and even though I was given similar information from other similar reads, I was into it. is a bit too gimmicky for my usual taste, I swear by some of the basics of organizing your finances that I got out of this book -- in particular, the filing system for financial records. Bach’s nine steps are powerful, yet easy to understand and fun to implement. This is something we realized a couple years ago, and we finally took the plunge last year. Smart Couples Finish Rich, America’s favorite money book for couples, is back- completely revised and updated! The author of bestsellers such as The Automatic Millionaire, Smart Women Finish Rich and Smart Couples Finish Rich brings good news with his latest book, Start Late,. Here is a quick description and The first of these is the retirement basket. Yes you can read it as an individual. Overall I thought it was pretty helpful for those of us who are not already super on top of personal finance management (if you are it might be a bit basic but perhaps you will pick up some interesting tips.) This chapter focuses on everyday small purchases are what is keeping us from being rich. Now I'm increasing it to 4 because this really did give us a good basic financial foundation for starting out: have some type of budget, contribute 10-15% to retirement always and never touch it, pay attention to how retirement accounts are invested, do an inventory planner/finance summary sheet, etc. In the meantime, I went to the money section and picked this one up randomly. The final step is the one with the alluring title; who wouldn’t want a 10% increase in their salary in nine weeks? It was written in a MUCH more financially stable time. I can't tell you how gratifying it is to be living somewhere that is an asset for us, instead of just throwing money to the wind every month. I loved concept of "paying yourself first" which is so practical it almost hurts. It surprises even me. The opening section on first determining your values as a starting point was eye-opening. All the Money in the World. Andres Tobias' book, Recommended by my boyfriend's cousin, a professional financial advisor. I liked the discussion of creating medium and long term financial goals based on your core values. I also read and learned a lot from Ramsey's "Financial Peace." To begin, make a committed decision to save. I actually haven't 100% finished this book but made it about 75% of the way through so far. I recently finished reading another personal finance book, Smart Couples Finish Rich 9 Steps to Creating a Rich Future for You and Your Partner, by David Bach.I felt this to be a very well-rounded finance book that focused on the relationships in your life and how this influences your views and use of money. Essentially, the goal is to have a retirement fund, a fun fund, and dream fund. The pitfalls/successes of both the author and readers are shared. And the values project just didn't click, especi. The second half of the book had my head spinning because it dealt with investments, insurance, taxes, and a ton of stuff that I have no knowledge of whatsoever. The action plans here are obvious: get started with the emergency fund (if you can spare a latte a day and two take-out meals a week, I can get you an emergency fund with almost $4,000 in it by the end of the year), then investigate other insurances and make sure you’re well covered so that if an emergency strikes, your family has no worries. He emphasizes values and relationships, not just accumulating wealth. The principles set out in Bach's bestselling Smart Women Finish Rich can work for couples too--and perhaps help a few fractious marriages along the way. I was leery of this book since it sounded suspiciously like a self help book. Reading this book honestly changed my life because it made me assess some of my values regarding finances and it helped me understand where our money was going and how we should be saving it. However, there is lots of good information here to take away. I was leery of this book since it sounded suspiciously like a self help book. David L. Bach is an American financial author, television personality, motivational speaker, entrepreneur and founder of FinishRich.com.Bach, is best known for his Finish Rich Book Series and Automatic Millionaire Series of motivational financial books under the Finish Rich Brand. Nationally renowned financial advisor and bestselling author David Bach knows that it doesn’t have to be this way. In the meantime, I went to the money section and picked this one up randomly. Bach started using seemingly sexist pronouns to describe people that are “bad at finance.” Lastly, I skimmed the extremely unrealistic last chapter because I had just read 3. Smart Couples Finish Rich picks up where Smart Women Finish Rich left off. As such, I think SOME of the specific investment advice might be a bit off given the state of the economy. Once you’ve figured out your true values, you can use them as the basis for the rest of your life. Financial books should be updated once a decade in order to keep up with the changing economy and any new laws that affect retireme. Even if it inspires you to do nothing else but talk frequently about your financial future. And just last week I … David Bach, author of the best-selling Smart Women Finish Rich, says you’ll never solve your money problems if you view your partner as the enemy. Ilana Griffo. You may learn more than your willing to accept about your partner as well. This book has some good, basic information on financial planning. But, we did enjoy the exercises that asked us to talk about our long term goals, and how we would actively plan, save, and execute them. Originally I gave it 3 stars, but didn't write a review. First, obviously, talking about money with your spouse is the most important thing in a relationship. The second half of the book had my head spinning because it dealt with investments, insurance, taxes, and a ton of stuff that I have no kno. Step One: Learn the Facts and Myths About Couples and Money The exercise for this chapter is a basic financial knowledge quiz that both members of a relationship can take and talk over. Most of it is common sense, although it has motivated me to want to sit down with my husband and write out specific values, dreams, and plans for our financial life, so that's good. A family friend/financial advisor recommended that we read this as we venture forth into this world of married life. The quote that affected me most in the book was "Failing to plan together is the same as planning to fail together". I read this book 10+ years ago, newly married. Mad Money by Jim Cramer 16. I would have never considered a 'long-term care' plan but now realize how much cheaper it is to buy one now rather than to wait. Summary. In Smart Couples Finish Rich, he provides couples with easy-to-use tools that cover everything from credit-card management to investment. If you can save money in each of these funds, you will eventually be able to achieve your goals and dreams. I was hoping it would have some quick and easy tips I could implement immediately, but most of it was either story-telling of the author's experience or general financial advice I have already read about/been told about. After submitting to the fact that I wasn't being a very good financial partner, I decided to take it seriously and do all of the little e. Wow, I'm amazed at all of the things that this book is forcing me to do. In Start Late, Finish Rich he turns his attention to those of us who have arrived in our 40s, 50s and 60s, without significant savings and, This sparks vital conversation, allows you to think about how your goals could be accomplished with less moolah, and gives you something to work towards that is much more important than money itself. I was very disappointed with this read. Get The Automatic Millionaire instead. Overall I thought it was pretty helpful for those of us who are not already super on top of personal finance management (if you are it might be a bit basic but perhaps you will pick up some interesting tips.) These Books Explain Why You Feel That Way. Precise, concise and informative as ever. This book guided us into making strong financial decisions (we’ve seen great results) and made household finances FUN. For most couples struggling to make their financial lives smoother, this is a good place to get the dialogue rolling.” –USA Today. 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