Opinion: These are the best money books published in 2017

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1. Unshakeable by Tony Robbins

This best-seller wants to help you reach financial freedom. How well does it do it? Readers praise it as far more accessible than an earlier Robbins tome, “Money: Master the Game.” But while some described it as a good introduction to financial markets and taking charge of your money, others said it didn’t go beyond standard bits of advice.

“The subject matter can be reduced to a few sentences (save 10-15% of your wealth; start saving when you are young, and remain disciplined; invest your money in a low transaction-cost index tracker fund). But this is not a spoiler. The above is standard for any investment book. What Robbins does is bring a passion to his subject that is inspiring,” writes Baron Deschauer, who gives it four stars.

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2. The Wisdom of Finance: Discovering Humanity in the World of Risk and Return by Mihir Desai

Readers enjoyed how this Harvard Business School professor wove in examples from fiction and beyond to illustrate financial concepts. “This is a great book for well-read geeks like me who have a natural interest in finance but only a cursory understanding of it. I wouldn’t have thought an explanation of mergers as marriages would make sense, nor that the proposal hedging central to Jane Austen novels could explain risk & return, or that risk pooling originated on merchant ships,” writes Victor Davis, who gave it four stars.

3. Make your kid a money genius (even if you’re not): A parent’s guide for kids 3 to 23 by Beth Kobliner 

Kobliner made her name with the book “Get a Financial Life: Personal finance in your 20s and 30s,” written two decades ago when she was that age. Now a parent, she has branched out with a book offering advice for those with kids.

READ  Nearly half of UAE residents still in debt, 28% failing to save money at all

The most important thing a parent can teach their children? Don’t spend money you don’t have. “My biggest takeaway is that I need to do a better job framing money for my kids at the level they are at — rather than just thinking oh well they are too young,” writes a reviewer named Carol. She gave it three stars.

Source Credit: Market Watch


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