All Your Worth…. book review

A senator from Massachusetts, Elizabeth Warren, wrote a book a few years back called All Your Worth: The Ultimate Lifetime Money Plan. It has been reviewed before by a number of people but it can be helpful to see another view of  a book. I have not reviewed this one yet but it is on a long list of ones to be done. 

Until then check out this review… the link is below. What distinguishes this book somewhat from others is the Balanced Money Formula. The author suggests you should spend you money according to this formula:

Wants: 30%
Savings: 20%
Needs: 50%

You would have to read the book to see how she defines the differences between wants, savings and needs. On the one hand it is a good idea to have a general formula like this. It helps you keep some discipline needed to make sure you are not overspending on “wants” and not under spending on saving. 

The problem with this formula however it is that it is overly simplistic. It will not apply to everyone at every part of their lives. Your spending must be somewhat different if you are college student, starting a new family, starting a business, moving into retirement, etc. Read Honey’s review to get another perspective and if you like what you read check out the book. 

The Book:
All Your Worth: The Ultimate Lifetime Money Plan by Elizabeth Warren. 

The Review:
Wishing you success and prosperity,

Daniel R. Murphy
Helping People Learn to Build Wealth

Wishing you Success and Prosperity,

Daniel R. Murphy

Wishing you well,

Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.