Financial Peace Revisited: New Chapters on Marriage, Singles, Kids and Families Hardcover – Illustrated, January 27, 2003

I have thoroughly enjoyed this book. It is full of useful information about correctly managing one's money.

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.

product was as decribed, would buy again!

FinPeaceRev is targeted at folks having severe financial debt problems. It's stated goal is to make you emotionally mad as a way to motivate you to change your wasteful ways. It's probably a good book for this purpose. It then proceeds to give anecdotal experiences of how to handle various life situations, 7 generic reasonable baby steps to become wealthy, as well as limited suggestions on how to stay wealthy if you succeed in your quest, including a few pages on investing in mutual funds, and a series of financial work sheets.It is not a Personal Finance book, and not for most financially solvent people who are looking for actual financial planning advice. The financial advice it does have is dated and generic. Much of the book is about Dave and his financial life experiences and recommendations. It doesn't cover important concepts like asset allocation, Certified Financial Planners, fiduciaries, ETF's, etc. There is no index so specific topics are hard to find.There are however some good financial nuggets along the way, such as Spend less than you earn, as well as Raise your children to be financially literate and good people, and Establish an emergency fund. Good ideas, and more. But also it has Borrowing money is bad, Pay off your smallest debt first rather than your highest interest rate debt, Talk to your pastor for financial advice, We should be more like the 1950's financially, Some questionable ideas on how to buy cars cheap, and Keep your checkbook balanced.Overall you'll get some good ideas from it, but also some clunkers.

I work in Banking and see customers struggling just to pay their bills and keep their heads above water, i also see customers who have little to no self control of their finances. It's very important that we teach our children how to manage money and balance their checkbooks and the consequences of not being responsible. When I have a young person in my office opening their first checking account, i like to take extra time to teach them how to record all their deposits and transactions and talk to them thoroughly about how much it will cost them when they overdraw their account. I have also had to try to balance customer's statements and in some cases i don't even know where to begin. I have also had customer's who have lost their spouse due to death or divorce and not know where to even begin because the other spouse handled everything. I was taught to pay your bills first, then you can play, but not so much about saving for the future which is very important especially this day in age. I paid my bills but also got in over my head and am now able to start over. One day at a time. My kids have seen the money struggles we went through and also seen us lose everything. I don' t want them to have to go through that themselves, so my goal is to teach them the best I can now. My advice do not hide your money troubles from your children, but don't be completely honest either. Let your children see some of your bills, like water, electric, mortgage ( only if you are comfortable with this) and show them how you are paying them, so they can learn for their futures, because most of it starts with the parents and whether you like it or not, your children are watching you and how you handle money. God bless!