The Money Club: Is Your Financial Future Safe? What Every Woman Should Know

by Marilyn Crockett and Diane Terman Felenstein

Book Overview

DO YOU KNOW WHAT YOU NEED TO KNOW ABOUT YOUR MONEY?
* If your husband died, could you keep living in your current home?
* Do you know how much money you have for retirement?
* Are you afraid of becoming a "bag lady"?
Many smart, competent women feel insecure about dealing with money. They delegate authority to their spouses or an adviser, or they pretend financial issues simply don't exist -- and at the same time they fear...

• Format: Paperback
• Language: English
• ISBN: 0684846055
• ISBN13: 9780684846057
• Release Date: September 1998
• Publisher: Touchstone Books
• Length: 320 Pages
• Weight: 1.70 lbs.
• Dimensions: 0.8" x 5.6" x 8.5"

Customer Reviews

Well suited to women worried about their financial future

OK, I am not a woman, so I am probably not supposed to have read this book. But I thought I would check it out. And I was pleasantly surprised.The ladies involved in the writing of this book were involved in starting a 'Money Club' investment group. In the course of running this group, they learnt and taught about all the basics of personal finance, including (from the title headings):* Investment Basics.* Where To Put Your Money And Why.* Retirement Planning.* Buying Insurance.* Planning Your Husband's (And Your) Estate.* What To Do When Things Change.Cover of the topics is fairly thorough. But, as many readers would now, the content of the majority of entry level personal finance books is all pretty standard. So, in the end it is the format and style of writing that makes a good one worth the read. Thankfully, this book is well written - relaxing and interesting to read. The inclusion of lots of personal anecdotes (especially by the members of The Money Club) makes alot of the points easier to understand and absorb. And it really drills home the importance of applying the message of the book.All in all, a fantastic book for women, especially those 30+ worried about the state of their financial affairs. For those males (or women younger than 30), I might recommend 'The Complete Idiot's Guide to Personal Finance in Your 20s And 30s' by Sarah Young Fisher and Susan Shelly, or 'The Wealthy Barber' by David Chilton.

Very good, except for the diamonds.

Melt away your fears of finances with THE MONEY CLUB. I have read a bunch of these index books about wealth, and this one is serviceable, covering most of the basics. What this book has that others don't: it reaches women on a personal level and lets us know WHY we need to start paying attention to our money and our financial futures. The ladies on the cover (members of the NYC based money club) are described just enough so that you get to almost get to know them. Interspersed throughout the text, you read about mistakes that they made before they joined the club and took back control of their lives. This personal touch made me think twice about some subjects which had made my eyes glaze over when I read about them in other books. I found the book very motivating and extraordinarily revealing. We can make a lot of mistakes in our wills and in the way we title assets: these can come back to haunt our heirs if we don't think of certain consequences. I appreciate the concrete illustrations of what can go very, very wrong! There were only a few tidbits that I did not agree with. I do not agree that a woman is helped by thinking of a diamond as a future re-sale item. On the other hand, I liked the suggestion that women who don't have their own sources of income might "ask" their husbands for a few shares of a mutual fund instead of jewelry or whatever is a fashionable marital gift these days. Whether you are a working woman or a Wife with a capital W, this book is full of eye-openers and good advice. Reading The Money Club can be a giant first step to building psychological security about your financial future.