Your Money and Your Life: A Lifetime Approach to Money Management

by Robert Z. Aliber

Your financial health is more than a mere collection of debits and credits on a balance sheet. In fact, the numbers on a financial statement represent a series of decisions that, if made strategically, can ensure that each of us maintains our desired standard of living at every age and stage of life. Many people think that key financial choices are too complicated to make on their own. However, with the right information and guidance, we can all secure our own financial future. Your Money and Your Life is more than your average guide to financial planning and retirement. Acclaimed author and speaker Robert Z. Aliber helps readers to make efficient and effective financial decisions at key moments throughout their lives, such as where to go to college; if and when to buy a home; how much insurance, if any, to buy; how to manage savings and retirement; when the time is right to approach a professional advisor; and how to proceed with estate planning. With an eye toward the issues that are most pressing in today's economy, Aliber clearly explains the sophisticated concepts that underpin everyday money management―with the goal of making this guide the go-to reference in your financial planning library, regardless of your age or wealth. Readers of this book will come away with the sense that Aliber is their own financial planner, offering strategies that will help to guide them toward security in the present and the future. Your Money and Your Life is filled with examples to which readers will be able to relate, as well as checklists of "actionables" to help make their plans realities.

Genres: Nonfiction, Personal Finance

400 pages, Hardcover

First published November 2, 2010

About the author

Robert Zelwin Aliber was an American economist and professor of International Economics and Finance at the University of Chicago. He was best known for his contribution to the theory of foreign direct investment. He gave the concept of foreign exchange rate in foreign direct investment. Aliber argued that a multinational corporation from hard currency area can borrow at lower rates in a soft currency country than can local firms.

Reviews

[Tee Ponsukcharoen · Rating 4 out of 5]

One of the most practical and actionable books on finance that covers everything even your afterlife (a.k.a. after you die)! It gives me a new and realistic perspecitve of how much I need to care about money in order to live without worries about money... quite a paradox.

[Veronika · Rating 4 out of 5]

Personal financial planning is extremely important if you want to live a comfortable life, and while not necessarily through this exact book, I would make learning about it mandatory in schools. It would save a lot of people from overspending, getting into debt, making bad financial decisions and not saving enough for the important things. Also highlights the importance of starting a pension very early and making the most of compound interest - something I would recommend everyone to do.

This book focuses on the US market so anyone outside would need to check the tax system accordingly, but it has a lot of very wise and useful information about all the important elements of financial planning.

[Nitecrawler Lopez]

This is a book worth reading for those who are panglossian about building wealth and have little understanding of how to do so. I would also add, once you have read this book to disseminate what you have learned and spread it to others so that they may be informed. Many of the topics are extremely helpful and could help one build and construct a plan for their future and not just be hedonistic. We are all heading towards our dotage sooner or later.

[Jen]

Your Money Or Your Life is much better; this is actually pretty laborious reading.

[Anko · Rating 2 out of 5]

Too technical. Doesn't look like it's meant for the lay person.