The Money Book of Money

THE MONEY BOOK OF MONEY provides the basic conceptual and procedural tools with which individuals and families can assess and plan their personal finances. It contains sixty-two brief chapters on subjects that encompass the full range of financial concerns, from prenuptial agreements to establishing credit, budgeting, home buying, the cost of children, investment and tax strategies, insurance, divorce settlements, retirement planning, estate planning, and wills.

Though each subject is covered in ten or fewer pages, an impressive palette of current conventional wisdom is furnished. Worksheets are provided to guide the user in carrying out the book’s advice, such as assessing one’s net worth, establishing a budget, estimating next year’s income taxes, and determining life-insurance needs. Comparison tables are provided to help the user choose, for example, a discount broker, an automobile insurer, or a financial-aid program for a college student.

Scattered throughout the book are references to publications that provide greater depth to the subject at hand, and an appendix provides an annotated list of seventy organizations that can assist in everything from appraising collectibles to forming an investment club. A detailed index makes the book readily accessible as a reference text.

THE MONEY BOOK OF MONEY is not intended to offer financial advice that will necessarily be valid years from now. The authors plan to revise the book as the legal and economic environment changes; the first edition, for example, covers tax planning based on the tax-code changes effective for 1987. Neither will the book prepare the reader to become his own tax accountant, divorce lawyer, insurance agent, or stockbroker. It will, however, enable him to ask informed questions of these advisers and to evaluate their advice from a position of knowledge.