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I Am Skeptical Of Personal Finance Books, But I Will Make An Effort

by golbguru on February 22, 2007

In the past, I have attempted to read a couple of personal finance books in my school’s library without much success. I just couldn’t go past a dozen pages or so. Somehow, it seemed to me that they were all saying the same thing. It’s quite possible that I have biased myself with the reviews by other personal finance bloggers before I started reading the books…(or may be I wasn’t reading the right books for a start). Sometimes, deep down, I feel, this is also because some book authors may be trying to fill a large number of pages with a small amount of advice in order to call it a *book*. Whatever.

Lynnette Khalfani Zero DebtAfter some contemplation on this matter, over the past few days, I decided to give it another sincere shot. May be I will not like them again, but I think it’s important for my development to read all sides of a story. As a quick follow up, I headed over to a Half Price Books outlet in my town (here is their website) and searched for some money/personal finance related books. Neale Godfrey Money Doesn't Grow on TreesI must have browsed through over 30 ~ 40 books (browsed = read a random page or two from the books), and most of them didn’t seem all that interesting. Finally, after about 2 full hours, I zeroed in on the following books. Prices are given in brackets.

  • Zero Debt - by Lynnette Khalfani ($7.48)
  • Yankee Magazine's Living Well on a ShoestringMoney Doesn’t Grow on Trees - by Neale S. Godfrey ($5.48)
  • Yankee Magazine’s Living Well on a Shoestring - by The Editors of Yankee Magazine ($5.98)
  • The Automatic Millionaire - by David Bach ($6.48)
  • The Millionaire Next Door (Hardcover)- by Stanley and Danko ($10.98)

David Bach Automatic MillionaireTotal spent for 5 books: $36.40 + taxes = $39.40 (I love this… my first book as an engineering graduate student cost me $160 something).

The last two in the list are in brand new condition and the other three are used (I think), but they look like new too. Now, in the weeks to come, I will post some reviews Stanley and Danko The Millionaire Next Door(critical or otherwise) of the stuff I read in these books (and no, I won’t sneak in Amazon referral links with those reviews). I will probably start with the cheapest book first - Money Doesn’t Grow on Trees and read the others in the increasing order of their price.

On a related note, I checked the list price for these books at Amazon.com, and here is what I got:

  • Zero Debt ($10.61)
  • Money Doesn’t Grow on Trees ($11.64)
  • Yankee Magazine’s Living Well on a Shoestring ($19.77)
  • The Automatic Millionaire ($10.36)
  • The Millionaire Next Door ($14.96)

Total = $67.34, no tax and free shipping…but this still would have been much more expensive, plus the wait.

So, the next time when you are in a mood to buy some personal finance books, remember to visit the nearest Half Price Books outlet. It might be worth the time and efforts.

If you have come across good personal finance books by not-so-famous (or even obscure) authors, and/or have other recommendations, please feel free to drop a line.

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