The Average Family's Guide to Financial Freedom How You can Save a Small Fortune on a Modest Income
Author: Bill Toohey, Mary Toohey
List Price: $22.95
Our Price: Click to see the latest and low price
ISBN: 0471352284
Publisher: John Wiley & Sons (15 March, 2000)
Sales Rank: 76,326
Average Customer Rating: 4.1 out of 5
Customer Reviews
Rating: 4 out of 5
Average Family with Above Average AdviceIf
If you ever wonder whether anyone really follows the advice in financial magazines, read this book. Bill and Mary Toohey were avid readers of MONEY but wrote to the editors, suggesting that their advice didn't help families with several kids and a modest income. The editors asked the Tooheys for their best financial tips. This book includes the Toohey family strategy for saving and investing and also for recognizing the importance of traditional family values. The book includes sound and simple advice that works for everyone. The Tooheys write for the majority of Americans who recognize they will never be millionaires.
Rating: 5 out of 5
Helpful Book
I've read a few financial books and this one was very helpful. I also liked Personal Finance for Dummies which I read first, and I noticed that these authors also recommend that book. I liked them both a great deal. This book really is for average people. It deals with things others don't and the investing section clarified some things I didn't quite understand. I really liked the car buying section and plan to use that next time I'm in the market. The record-keeping section is very unique and leaves you wondering why you didn't think of that! A good book.
Rating: 4 out of 5
Common sense living in a non-sensical age
I find myself returning to this book periodically for inspiration. You don't have to be a wage slave forever. If you are willing to live well within (or drastically under) your means, you can accumulate enough wealth to chart your own course in life. The Tooheys give a number of concrete examples of ways to cut expenses. They also call into question a number of the assumptions we make as a result of our brainwashing by modern media. For example: Why does a family really need more than one full bath in a house?
To someone fully immersed in our culture's consumer rat-race, the Tooheys are going to seem a bit radical. We are all a bit too accustomed to focusing on convenience and immediacy rather than long term cost. Try to keep an open mind and remember that the best things in life can't be found in a shopping mall.
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