No-Nonsense Finance : E.F. Moody’s Guide to Taking Complete Control of Your Personal Finances
Product Description
Today’s most powerful personal finance website transfers its take-noprisoners approach to the printed page Errold Moody and his website efmoody.com have gained a substantial grassroots following –and praise from Forbes, Business- Week, USA Today, and others–for their straight-talking approach and hands-on guidance in all areas of personal finance. No-Nonsense Finance brings the website’s wealth of information to a concise yet comprehensive guidebook, … More >>
No-Nonsense Finance : E.F. Moody’s Guide to Taking Complete Control of Your Personal Finances
Errold’s book calls them as he sees them with no candy coating. If you want an unbiased primer on investing and insurance this belongs on your bookshelf. The information on the book ranges from basic to advanced and Errold discloses information that no one else does or will. The book will help to educate you so that you either know how to take care of yourself.
An aside, I am a colleague (fellow life insurance analyst) and view Errold as an educational resource. I specialize in life insurance only and Errold has helped me to learn about the wide spectrum of financial products out there.
Rating: 5 / 5
When I first picked up NO NONSENSE FINANCE, I expected it to be informative. I have a few investments, but I have no idea whether they’re right for me, other than what my broker tells me. So, I thought it would be a good idea to for me to become more informed about what I was doing with my money.
What I did not expect, was the plethora of information that is packed into this one little book, written in plain language that I could easily understand.
I read the book in one afternoon. I was so fascinated by what Errold Moody, with his unique sense of humor, managed to convey. His style makes it any easy read, but what I learned, left my mind anything but at ease!
I am a relatively educated person, but what I didn’t know about finance was ridiculous. I had no idea that I was putting my hard earned money in the hands of possible crooks,at worst, and at best, people who may know little more than I!
This book tells it all! Not what the “big guys” want you to know, but the way it really is!
I had to write this review because I am so impressed with what this author has taught me. My thanks go out to him.
Rating: 5 / 5
I highly recommend this book as a source of easily understandable information on all aspects of one’s personal finances. Having worked with the senior population for the past 15 years, I see on a daily basis the results of people who do NOT take control of how they want to spend their later years.
I was particularly impressed with the section on long term care insurance and the fact that he stresses the value of buying a policy that becomes effective based on 7 ADLS instead of 6. (If you don’t know what that means, then THIS IS THE BOOK FOR YOU.)
Another area that I feel is exceptionally well handled is addressing the emotional aspects of growing old, especially the impact of Alzheimer’s disease on a family, and he gives good suggestions on how to plan for such eventualities and the end of life in his estate planning section.
Reviewer NICK comments on the depth of Mr. Moody’s knowledge. I would agree, and certainly his website, http://www.efmoody.com is an ever-changing entity!
We all need to be reminded that not everyone is as ethical and honest as we would like–his warnings and suggestions on how to avoid being taken advantage of would seem to be right on the mark.
One of the most difficult things about writing is trying to take something that is VERY COMPLICATED and make it seem simple to understand. This book not only does that, but he also throws in a considerable amount of unexpected humor!
Go for it! It will make a nice Holiday gift for those who keep putting off “getting their financial act together.”
Rating: 5 / 5
Great overview on important financial topics by Mr. Moody. He has a great web site as well. A very worthwhile read.
Rating: 4 / 5
Certainly there is some good information here including some legal information about who is allowed to give insurance advice for a fee and discussions on Medicaid that could be adapted as a sales pitch for long term care insurance.
On the other hand, he advocates market timing when the economy is “broken” as indicated by an inverted yield curve and reports from the Federal Reserve. What he suggests doing is gradually move equities that are owned into safer and safer securites as the market prices deteriorate; no evidence is given to how the suggestion would have worked even in past bear markets (I suspect it would have been useless). Highly unconvincing material.
Rating: 3 / 5