“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
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.
Conclusion
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
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.
If you enjoyed this post, please re-tweet. 🙂
- 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!
Financial Empowerment to me means “choices” as well. Right now we are not at a point where we can dictate where we WANT to put our own money. Most of our income is already dedicated to credit card companies and other debt. Being free of those burdens will allow us to control where we WANT to put our money.
Amen! I am in the same position. And although we have moved forward in our journey to ease up the burden… it is still there pestering me! 😉
Keep up the good work paying it down. It will be Totally worth it!
Financial empowerment means knowing the power of your financial choices. It means being educated about the consequences of action and inaction in regards to your money.
Oh! I know, for most of us, we have learned those consequences of our actions. Now, to learn the good stuff that will make us wealthy. 😉
Financial empowerment means knowing where your money is currently going and making educated choices about where you want it to go in the future- taking control of your destiny!
I love it! That we all want to control our financial destiny. Carolyn, what is your destination? Me, I really look forward to traveling with my family when we own our money. 🙂
I’ve now read about three reviews of this book and I have to say it is possibly the first finance book I actually want to read. So, here’s my take on Financial Empowerment:
Financial Empowerment means taking control of your finances, budgeting to see where your money if going and revising the budget to get it down to the basics, paying off debt so that you have more cash on hand, saving and investing for your future, and not waiting around for your ship to come in.
I was really surprised by the book. I would like to equip some of the steps from the book into my own financial life.
And that is one thing, I need to start learning about investing! I was told the first easy thing to do is to max out your 401k. 😉
Financial empowerment means controlling your money instead of letting it control you. It means knowing where your money is going, having goals for the future and taking active steps to reach those financial goals.
Now if I only knew that when I was young. 😉
MoneyFunk – If I happen to win the drawing, please pass this book along to one of your non-blogger readers that can gain from this book.
However, I did want to add that having the ability to talk with your honey about money does nothing but make your relationship stronger and better.
For any of your readers that have these barriers, for your own good work to eliminate them. Life has never been better than this now that we were able to break these barriers down and I would love nothing more than for every couple to enjoy the same experience!
I will. 🙂
It totally makes your relationship stronger. Because money is such a hush-hush subject. But why should it be if it’s that hush-hush that causes so many divorces?
Thank you for that great comment! It’s so true!
Awesome little review here. I talk about money with my partner (3 years together) but we don’t share bank accounts or anything. We do however share bills and rent and stuff like that and are always treating each other…. Right now we have no plans that need us to pool our finances together but I am sure we will have one day.
Hidden message in there? 😉
It is a great book. Even if you are not sharing finances. Just the little tidbits from the book brought a lot of great things to work on.
Ha ha,
Thanks 🙂
Financial empowerment to me means knowing where all my money is going, and making sure it is spent wisely if possible. This is sometimes difficult when my version of “wisely” is different from my honey’s or vice versa. 🙂
Oh, I know the last comment! But keep working at it, eventually you will find viable terms to work with between you and your honey.
Wow! Love the book review. This is going on the top of my “Booking It” list. I often have trouble talking finances with my husband so this sounds like the perfect book for us. Thanks for the review.
Yah! It’s a great book. I can’t wait to put some of the factors into place.
I had trouble talking finances with my hubby, but its really made us stronger since we broke that barrier. The book has some great exercises to help you break that barrier. Little scary, but totally do able. Thank you for entering and stopping by. 😉
Can’t wait to read it and give a review! Thanks, again!