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Books

If you missed it I reviewed “10,001 Ways to Live Large on a Small Budget“ from the writers of WiseBread last week. This a great reference for saving and getting you started on personal finance. I enjoyed the book enough that I want one of my loyal readers to enjoy it as much as I did. (more…)

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ME

ME + 15lbs for web

Trent over at the Simple Dollar had a great post called “Who’s Right, Who’s Wrong” where he discusses criticism he received for not being a so called “Financial Expert.”  Reading this post made me realize I don’t think I have provided enough information about myself and what I am trying to accomplish with this blog.

My name is Kyle, I have an Associates Degree in Web Programming and development and a Bachelors Degree in Network Security and Forensics. I am not a CFP, CPA, or anything like that, I am a CISSP, CISA, and OSCP. Of course none of those things relate to this blog. I live in your typical middle class suburban neighborhood, I live a middle class life and am your typical American dad. I don’t pretend to know everything about finance, investing, real estate or any of the typical stuff you see on Finance Blogs.

In the past I have turned a very blind eye towards all things that have to do with my financial well being.  I allowed my wife to handle all aspects of our finances, luckily she is smarter and better at it than I would have been, but recently I have become involved and intrigued and the opportunities that exist for anyone willing to pick up a book, as well as read some of the great blogs out there.

This blog is a way for me to remain involved and allow other people to learn with me, through my experiences and my failures.  I am not a frugal fanatic, but I see myself as frugal. I am not an investor or an expert on investing. What I know is what I have taught myself or learned from those around me.

I don’t expect anyone to take advice from me, but I hope that I can help inspire you think about your decisions before you make them, I am open to all questions, comments, and criticism.  Maybe one day I will be a Flexo, a Trent, or a Jim. I doubt it but you never know, people may like me, they may not.

I want every visitor here to think about their situation and how they could improve it. You don’t have to agree with me, if you don’t agree leave me a comment tell me what you think, tell me why I am wrong.  I want people to understand that I plan to provide information that is pertinent to me and hopefully to you, I will tell you what I am trying to do to improve my financial situation and I will give you MY opinion on what is going on the world.

Thanks for reading and I hope I have, or will provide you with something useful in your life.

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wealthybarberIn the realm of personal finance books it is hard to ignore “The Wealthy Barber” it is on every list of must read books for financial well-being out there. In fact this book is the all-time best selling book in Canada. “The Wealthy Barber” centers around Dave who has decided to get his financial affairs in order but isn’t sure how. In trying to find the answer to being financially savvy he receives an unlikely referral, he is told to talk to the local barber. The story progresses from there into monthly visits to the barber shop, with his sister Cathy and friend Tom, for a haircut and personal finance lessons from the barber, Roy Miller. Each chapter of the book represents a different month and a different visit to the barber where discussions occur on Paying yourself first, Life insurance and Wills, Planning for retirement, owning/buying a home, Saving, and Investing and Income Tax. It is not hard to understand why everyone seems to love this book.

  1. It is easy to read
  2. the concepts presented are simple, and
  3. it puts saving in a context everyone can relate to

This is a story, not just a how to guide on personal finance. It has three main characters Dave, a financially inept school teacher, Cathy, an independently wealthy entrepreneur, and Tom, a hard working auto plant employee. The barber, Roy, attempts to explain personal finance to the group while providing specific advice based on each of three’s individual situations. For instance he points out that while Tom can invest in a 401(k) provided by his employer, Dave will have to see if he has a 403(b) available since he is a teacher and Cathy will need to consider a Keogh or SEP plan since she is self employed. The book presents simple concepts such as “Pay yourself first” in a way that helps the reader understand how it is going to benefit them now and in the future. The author presents dry topics such as Life Insurance and wills in a way which makes the reader think, why haven’t I done this already it sounds so simple and easy.

Cons: The only true Con I found with this book was the lack of coverage of debt reduction. I would love to pay myself 10% first, but I have debt I need to pay down first and I think that paying down my unsecured debt is more important than that 10% going into an investment vehicle. I fully intend to implement the 10% plan, but not until I get my student loans, and car paid for.

About the Author: David Barr Chilton is an economics graduate who resides in Canada. He is currently involved in a new venture which is creating low-fat, complete meal kits. They are being sold at A&P banner supermarkets. Other Books: None, really no other ones. He was the publisher on the following LooneySpoons Crazy Plates

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Review – “Killing Sacred Cows”

February 19, 2009

This is my first book review so bear with me on this, I would love to get some feedback on this format and length, leave me a comment or drop me an e-mail. This book stands to fly in the face of all personal finance books you have read in the past, the system focus […]

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