The aging and a bit smelly pages of my copy of Financial Self-Defense by Charles J. Givens are covered in underlined and circled text. Mr. Givens has been gone for a quarter of a century, having died in 1998, but the lessons I learned have lasted a lifetime. Whether buying cars, insurance, appliance protection plans, planning for the future, understanding credit and using credit cards or investing money, Financial Self-Defense is a handy resource to keep on the bookshelf.
Why would I recommend a financial book for my multiple sclerosis blog’s Book of the Month? And an old book at that – published in 1995. The answer is simple, chronically ill patients often face financial challenges. Knowing what insurances are best to buy and which are not is the tip of the Givens’ financial advice iceberg.
In 2011, I left my promising career for medical disability and moved to permanent retirement in 2016. The lessons I learned from Charles J. Givens helped me to make wiser decisions with my money over the years, which made it possible for me and my husband to retire at 49 and 50 years old. Are we rich? No, but we aren’t eating macaroni and cheese every night. I read Financial Self-Defense during my first year of teaching; it was perfect timing as I began my earning years.
This book is now quite dated. I read it when it first came out and decided to reread it prior to passing it along. The basic concepts are solid and it is a good reminder of what someone should be doing. There are probably newer financial books that cover the material better