A practical way to think about money today Author and CNN veteran money correspondent Christine Romans believes we should live by three living within our means, living with less debt, and being less vulnerable. While some may say this is old-fashioned, today it's hard to argue with Romans' view. Smart is the New Rich explores how adopting a new approach to money can lead to a healthier financial lifestyle. Each chapter opens with a question about money to begin the conversation about earning, saving, spending, growing, and protecting your money. Using checklists and quizzes, Romans guides you through the "New Normal," helping you to think differently about your money and relearning good habits for prosperity.
Christine Romans is a correspondent and anchor for CNN, and also an author.
She previously worked for Reuters and Knight Ridder Financial News. She is Chief Business Correspondent for CNN, in addition she anchors "Early Start" and the weekend business program "Your Money."
Overall I thought this was a good book. It was full of interesting facts, statistics and advice on how to proceed financially with the new economic situation. A lot of the advice was good "old school" advice that my grandpa and dad would give like save your money, respect credit and live below your means. This book is written with the assumption that the reader is reasonably well versed in all things financial and is also reasonably responsible. It isn't a basic how to handle money book for someone who is just starting out wanting to learn a little about budgeting etc. It was interesting and refreshing to read an up to date book with some perspective on where we need to go from here.
Romans' book has a little something for everyone--small business owners, newlyweds, newly divorced, family wealth planning, casualties of the Great Recession, etc. I also enjoyed the stats and charts she included as well.
Nothing new -- all established common sense -- which is why I think everybody should read this book to be reminded of what is proven to work time and time again.
Not a well written book. Some good information here if you have never read any personal finance books, but it even then, the information is limited. I'd say spend your time elsewhere.