Published: December 18, 2012
Publisher: Doubleday Canada
Source: Bought from Chapters
Synopsis: (Goodreads): Getting a handle on finances can be challenging at any age. Whether you’re a parent struggling to explain savings to your children, a newly engaged couple considering joint bank accounts, or a baby boomer entering retirement, Kevin O’Leary has advice to help you make and keep more money.
As a lead Dragon of CBC’s Dragons’ Den and ABC’s Shark Tank, Kevin’s success with money management and in business is legendary. But he’s made mistakes along the way, too, and he’s writing this book so others–like his son and daughter–can benefit from his experiences. Each chapter is geared to a specific age or stage in life. You’ll find real-life examples of common money mistakes (and strategies for avoiding them), “Cold Hard Truth” quizzes and charts aimed at boosting your Wallet Wisdom, and tips and tricks for making more money and growing it faster to achieve financial freedom.
Personal Thoughts: I was originally asked to buy this book for someone else. However, before giving it to them first, I wanted to read it over and see what interesting tid bits Kevin O’Leary had to say on the topic of finance.
There were a lot of things that I already knew, like making a budget and paying off your debts/ mortgage as soon as possible. The philosophy that was mentioned right off the top Don’t Spend Too Much. Mostly Save. Always Invest. definitely made me shift my thought process and the relationship I have with my money. Kevin O’Leary’s life stories and his witty yet blunt cold truths put things into perspective and make you realize just how much money you are spending on junk/things that you don’t really need.
This book is exactly as it states; it gives you the hard facts of what needs to be done with your finances to get out of the red and into the black. I know some people will read this, find it interesting but after a few days or weeks will forget about it and move on in their daily lives. I found this book very eye opening in a lot of the topics: mortgage, marriage, young and old life situations, etc. There was no sugar-coating yet it was humorous in some parts of the book.
I highly recommend this book to those that want to get a better sense of where their money is going or could be going.
Rating: 5/5 Stars