General
The Wealth Chef
Recipes to Make Your Money Work Hard, So You Don't Have To
You may or may not have read a number of books about money and finances, but if you are interested in the subject, as I imagine most readers are, this book is essential reading, more especially if you act on it. Many of us avoid coming to grips with our finances and do not make the most of our opportunities. In this book based on her own experience, Ann Wilson suggests a number of key 'recipes' and strategies to ensure greater financial and indeed overall wellbeing. It is a good book to read at any time of life, but more especially at an earlier stage of one's career so that one has longer to put the strategies into practice. One of the keys is prioritising a percentage of one's income for cumulative investment, limiting one's necessary expenses to 55% of one's overall income. This may seem a long shot for most readers, but Ann shows how one can move in that direction. An interesting strategy is getting rid of credit cards, or only having one for emergency kept in the freezer so that it takes a few hours to defrost, by which time the urge to spend may have worn off! She also encourages readers to invest in themselves in terms of education and makes some very interesting points about the relationship between energy and completing things. I'm sure she is right that incompletions drain energy as one also knows from the effects of an untidy house and how much better one feels when one has cleared things up and indeed thrown things out. The website also contains many useful charts – www.thewealthchef.com