EVERYONE’S MONEY BOOK is encyclopedic in scope, offering definitions and advice on virtually every aspect of financial planning. It is intended for relatively unsophisticated users who need to know where to start concerning various aspects of their financial futures.
Authors Goodman and Bloch make a strong case for saving and investing, warning frequently that money to pay for a college education or retirement is difficult to accumulate if the process is delayed too late. Their presentation is pitched at relatively affluent readers; for example, a discussion early in the book talks about planning a child’s birthday party and renting a hall for the occasion, and the authors discuss owning a second home or rental property as though readers should expect to be able to do so. Nevertheless, the advice offered applies in most cases to people of all income levels.
Goodman and Bloch present sound cases for the advice they give. They offer enough definitions and explanation for the reader to be able to understand each concept and evaluate the advice offered. This book, however, is not a complete financial planning handbook. Many readers will find it sufficient for their needs, but in many cases the authors refer the reader to financial professionals. Each chapter also contains an extensive list of resources. These lists are fairly comprehensive but suffer from a lack of evaluation of the described sources and, in the case of books, absence of prices and publication dates.
EVERYONE’S MONEY BOOK concentrates on the financial activities most likely to affect an average person. Investing at different life stages receives significant attention, as do the major purchases of a home, a car, and a college education. Slightly less than half of the text is devoted to descriptions of various financial instruments. The authors make it a point to simplify the discussion and recommend strategies that small-scale investors can implement.