“Happily Ever After IS NOT A FINANCIAL PLAN” Love it!
When I recieved a copy of, Get Financially Naked: How to Talk Money with Your Honey, I wasn’t sure if I was going to like it. My honey and I talk alot about our finances and where we are going with them. So, I didn’t think I was going to stumble on pertinent information that would pertain to us. But was I wrong!
We all hear money is one of those subjects in a relationship that can cause marital/relationship conflicts; potentially leading to divorce or seperation. But after reading this book, you realize that it doesn’t need to be that way.
Break the silence! Thakor and Kedar help women avoid the kind of financial stress that destroys relationships and to get them to own their financial future. Get Financially Naked: How to Talk Money With Your Honey is a guide for stripping the layers to find the naked truth in a committed, long-term relationship.
Here are points I really enjoyed from the book
-”Five Power Steps to Financial Success” - If you get these five steps right, you’ll be well on your way to financial nirvana.
-”When you learn the basics of personal finance and have your financial house in order, you can make major life decisions from a position of strength.”
-One woman expresses what “Financial Empowerment Means to Me” – “Financial Empowerment means choices, freedom, independence. Choices in how I provide for myself and those I love and give to my community. Freedom to be in charge of my life. Independence to pursue my dreams.”
-Home Buying Rules of the Thumb - “Build up a 20 percent down payment…”If the price of your home goes down and it comes time to sell, “you’ll really want that 20 percent cushion so you don’t end up owing the bank more than you get for the sale of your home”. <==Great point!
-The magic $100 bill and the power of compounding <== need to implement with my kids!
-Strive to save 15 percent of your before-tax income - 5 percent towards your emergency fund and big-ticket items combines. Ten percent will go toward your retirement savings. Nice breakdown.
-Eliminating Credit Carditis (love the term) and the Rules of Thumbs for paying off credit card debt.
-How to Invest your money: Keep-It-Simple <==love this portion of the book.
-And the Q & A for particular situations.
I learned a lot from this book. The books speaks to women in many different financial situations. It helps that Thakor and Kedar mix there own examples and how they apply to this book; especially because I share similar situations with Thakor’s life.
When we are swept up in the arms of a true love we are more likely to share out intimate desires than our credit rating. Get Financially Naked: How to Talk Money with Your Honey, by Manisha Thakor and Sharon Kedar, offers the answer on how to speak to your husband/finace/boyfriend about money. They show readers how to address this critically important subject, take financial responsibility and keep the love alive.
To Win a Copy of this Book
One copy of this book is up for a giveaway. Leave a comment, by Sunday, February 21st 8pm PST, telling me: What does Financial Empowerment Mean to You?
The winner will be chosen by random picking.
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- Want to see what happens when you DON’T speak about money with your honey? Check out my Financial Foul-up at My Next Buck.
Crystal is the Winner. Please contact me so that I may have the publisher send you your copy! Congratulations!