Financial Peace Revisited

This is an absolutely fabulous book for anyone who wants to transform their financial situation from a nightmare into an absolute dream! My wife and I are currently going through Financial Peace University and this book is almost exactly the same information. It is indispensible.

Financial Peace Revisited is essentially the book form of Financial Peace University and is actually a part of that curriculum as you are asked to read certain chapters in association with a given week's topic.

The book has chapters and subsections. Chapters cover really everything you need to know about money, starting with the basics, then expanding into topics that will help you understand the spiritual aspects of money (yes there are some) the emotional aspects of handling money, lifestyles (and lifestyle management). And of course they cover budgets and the famous Debt Snowball.

Basically everything is geared toward educating you not only to understand money but also to understand why you are tempted to do the things that end up causing people to end up in money trouble. More likely than not, if you're reading this book you have experienced some financial trouble, or are pretty deeply in trouble. It's not enough to blindly follow somebody's advice on how to get out of it. If you do that, you'll simply end up in the same trouble again in the future. On the other hand, if you learn the pitfall(s) that lead to your trouble in the first place you are really learning how to avoid falling into the same trap(s) in the future.

This book isn't just for people who know nothing about money. Later chapters discuss building strong emergency funds (and why you should), retirement funds (and educates you on the most common solid options there), insurance coverage, and even charitable giving. There are chapters on teaching your children about money and also on how to handle money issues with family and friends (which can be touchy and very dangerous if you don't think about it logically.

Overall, this is an absolutely fantastic book. I can't say enough about it. Almost everyone out there could likely learn some things in this book that can substantially change their financial future, or at least has the potential to do so. Those lease likely to benefit are people who are deeply involved with wealth management already (perhaps professionally). And we all know people who constantly tell people the right thing to do, yet fail to follow their own advice.