Master Your Cash Flow by AlbertJ. Zdenek, Jr., CPA/PFS is geared more for a higher income level audience than
we normally address via our How to
Manage Your Monkey blog.
That being said, we think it is
an important read for anyone who hopes to someday get out of the level of
hardcore poor and get up to the level of needing a financial advisor.
Let’s face it, our target
audience is not made up of the type of people who go out and buy cases of wine
that they never open. Hopefully, our
normal audience abstains from any type of intoxicating beverage.
If you are this level of poor,
chances are good you are more likely to encounter Wine in a Box than you are
any type of wine that actually comes with a cork.
The Author, Albert J. Zdenek, Jr.,
does give us some insight we can use as we get out of the level of hardcorepoor and up to the level of The Millionaire next door.
Mr. Zdenek implies in some of his lead up to Master Your Cash Flow that he is going to give us some comparisons regarding
the choice to purchase or lease a new vehicle.
We were interested to learn what he had to say about this
comparison. We were looking for it, but
never saw it.
There are some very interesting differences of opinion
in the book from what you have heard and will hear on How to Manage Your Monkey. We take more of a Dave Ramsey approach in
that it makes more sense to pay off your mortgage and not have to have the
interest payments.
However, Mr. Zdenek
makes a compelling case to take out a mortgage and invest the proceeds from
said mortgage. We don’t agree with his
philosophy but, let’s face it, he has more money than we have. It might be good to read Master Your Cash Flow and make up your own mind.
On our
scale of zero to five stars with zero being terrible and five being outstanding
and a must read, we give Master Your Cash Flow all five stars.
Master Your Cash Flow is very well written. It
is easy to follow and the numbers make sense.
We do,
however, suggest that you also read The Millionaire Next Door by Thomas J. Stanley andWilliam D Danko, The WealthyBarber by David Chilton, Hardcore Poor by Kelly Sangree, and Total MoneyMakeover by Dave Ramsey. All of these
books have a slightly different approach to the same question of handling your
finances.
One of the best pieces of advice
offered in the book, and is repeated often throughout Master Your Cash Flow, is
to work with the experts. No one can be
an expert in all areas.
Please be advised that all the information in this course is provided to educate, enlighten, and broaden your views in life. The information provided is not a substitute for medical, legal, dietary, financial/accounting, or religious professionals.
Always consult a professional before you act on any of the information you find in this course.
Please be sure to consult your attorney, accountant, and/or other professionals with any specific questions. There is no one right answer to any business question that will cover all circumstances.
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