Frank’s Introduction:
Several of my clients have asked about books that their sons and daughters may read to give them some insight for saving and investing. Please read the reports from two young adults. We believe Get A Financial Life; Personal Finance in Your Twenties and Thirties is a good book for your children in their twenties and thirties.

Get A Financial Life: Personal Finance in Your Twenties and Thirties by Beth Kobliner is a great read for college students or recent college graduates wanting to know more about all aspects of finances and investing. In this book, Kobliner teaches on how to set goals and how to reach them. Topics range from debt to 401(k)s, and from insurance to taxes, most of which many young adults know little to nothing about. Kobliner discusses all aspects of debt, student, car, home, and home equity, and how each can benefit you in different ways. Information on credit scores and reports is also mentioned, which is very helpful because many young adults aren’t aware of their credit until buying a car or home on their own. Bankruptcy is even touched on, making the reader aware that debt and credit can get you into trouble. While the basics of banking are discussed (checking and savings accounts), the book also takes a look at investing in money market accounts, mutual funds, stocks, and bonds. This leads into a chapter on 401(k)s and other retirement investment accounts and when and why you should invest in these accounts. Kobliner discusses mortgages, the types of loans available, and other costs of owning a home, preventing readers from walking into a bank “blind”. Get A Financial Life also discusses insurances and which ones are a necessity versus not so necessary. Last but not least, Kobliner discusses taxes, including the taxes paid, how to file a tax return, and tax credits and deductions available. All of the topics discussed in this book will significantly help the reader get their adult finances in order. At the very least, the reader will have significantly more knowledge walking into financial situations.

-Ronni K.


Frank’s Introduction:
If your teenage and young adult children are looking for general books to discuss money management tips and to help them establish goals for savings and investments, here is The Complete Guide to Personal Finance for Teenagers and College Students. Please read the following review.

The Complete Guide to Personal Finance for Teenagers and College Students by Tamsen Butler uses basic language which is good for teens or those just being introduced to managing money and finances. In addition to pushing that talking about money should not be taboo, Butler provides case studies that make the information more personal and relatable. The way that this book showcases how saving can help in the long run should really help teens or college students think before making unnecessary purchases. Butler also teaches to set goals for saving money, whether it be for college, a home, or a “want” purchase. Rather than just giving the information and leaving the reader hanging, examples are provided such as the best place to put your money in various situations and an example budget. Butler discusses how debt and credit may help you, but also the downfalls, which is a topic that not many young adults understand. The information on credit and debt is discussed in a way that should steer them away from putting themselves in a harmful debt position. Website links and other resources are provided in regards to financial materials and finding jobs, making The Complete Guide to Personal Finance for Teenagers and College Students a fantastic resource for introductory knowledge on personal finance.

-Ronni K.


Dan Sullivan is one of my most valuable mentors. He believes that financial advisors have a great impact, not only on each and every client, but also on their families, as well as the small “economy” around each of our clients. You'll probably agree with me after you read this book. It will help you appreciate your advisors even more! 

 


The Pirates of Manhattan
By Barry James Dyke

 We believe that you'll find this book to be very enlightening in regard to how the banking system works in our economy. This also strongly promotes the use of life insurance as a valuable financial planning tool.


Live Your Life Insurance
By Kim D. H. Butler

Kim Butler happens to be one of my mentors, and is also a very deep thinker about financial planning strategies for her clients as well as our current economic situation. Kim strongly believes that you can accumulate wealth much more quickly by concentrating on the strategies to maximize cash flow and income tax savings, as well as earning a steady rate of return on your assets rather than great rates of return in one year and dismal returns in future years, based upon stock market fluctuations. You'll find Kim’s book to be very enlightening and may also give you confidence that the winning financial strategies aren't always the ones with the most pizzazz.