Tuesday, December 14, 2010

Book Review: The 60 Minute Money Workout

Title: The 60 Minute Money Workout
Author: Ellie Kay
Publisher: Waterbrook Press
Pub Date: December 2010
ISBN: 978-0-307-44603-9
Pages: 208
Genre: Christian Living/Practical Life/Personal Finance

I received a copy of this book from the publisher via First Card reviews for my honest review of the book.


Synopsis:
You can revolutionize your finances in only sixty minutes! Looking for long-term economic stability and not common quick-fix schemes? Discover the secrets that Ellie Kay used to deliver her family from $40,000 in consumer debt. Now a nationally recognized financial expert and best-selling author, Ellie shares her one-hour-a-week program that has made it possible to take care of her family and do it all debt-free!

With entertaining anexdotes, easy-to-follow charts, and practical advice, The 60-Minute Money Workout is both fun and feasible. You'll be able to:
*Get our of debt and save for your kids' college
*Have meaningful and debt-free vacations
*Pay cash for your cars
*Make a difference in the world by giving generously
*Find financial peace with your spouse
*Be content with your current circumstances
*Latch onto hope for your financial future

In just one hour a wee, you'll be financially stronger and smarter. Revolutionize your quality of life wiht the Workout and you'll never look back!

About the Author:
Ellie Kay is a financial expert on Good Money (ABC News) and best-selling author of more than a dozen books and hundreds of magazine articles. She's a regular media guest on CNBC, CNN, and Fox News, and has been featured on ABC Nightline, Your World with Neil Cavuto, and Fox and Friends. Her radio commentary for Focus on the Family airs on more than two thousand radio outlets around the world. She and her husband are the parents of seven children and live in Southern California. You can check out her site at www.EllieKay.com


My review:
I enjoyed this book and Kay's approach to managing money and getting out of debt. The book is upbeat and fun and throws in cute little names for what kind of spender/saver you are. It seems to break up the boring of reading a financial book and help you not to be mired down in the details of finance. Most of the advice in the book are common sense tactics but I think we all need to be reminded at times of those basic principles of how to save and spend to stay financially fit. Yet, there are ideas that I never thought of to use in my life, especially her concept of how to purchase cars for cash and get out from that much dreaded 5-6 year loan payment.

The book's premise is to spend an hour a week by yourself or with your spouse discussing the finances and making/sticking to a plan to get out of debt and save for the future. I like Kay's ideas with this as it is much easier to stick to a plan once you take time each week to review and possibly regroup if something isn't working or to find out what is working well.

I highly recommend this book for anyone looking to get their finances in order. I know that I plan to put the advice in this book to use starting January 1 and hoping that 2011 will be my year to get completely out of debt.




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