For Book Lovers
I don't review books I don't like!
*****= An all-time favorite
**** = Outstanding
= Above average
Good, with reservations
***Seven Money Mantras for a Richer Life
How to Live Well with the Money You Have
by Michelle Singletary
Reviewed March 21, 2004.
Random House, New York, 2004. 262 pages.
Seven Money Mantras isn’t a book about suddenly becoming
rich. As the subtitle says, it’s a book for normal people about living
well with the money they have.
Michelle Singletary was raised by a poor but thrifty grandmother.
Yet her grandmother was able to save for a comfortable retirement.
Michelle Singletary takes some lessons she learned from her grandmother and
passes them on to us. There are no earth-shaking new insights here,
but there are some excellent common-sense reminders.
The seven money mantras are: “If it’s on your ass, it’s not an
asset.” Buying stuff won’t help you be wealthy. “Is this a
need or is it a want?” This mantra also helps you curb spending.
“Sweat the small stuff.” Don’t let your money be nickel and dimed
out of your bank account. “Cash is better than credit.” When
you easily use your credit card, you easily spend more money. “Keep
it simple.” Complication is a tool of con artists. “Priorities
lead to prosperity.” Know what your financial priorities are.
“Enough is enough.” Enough said!
After going over the money mantras, the author goes on to give some
common-sense financial advice in a section called “The Basics of Saving,
Spending and Investing Your Money.” This was a good and helpful book.
If I would live by those money mantras, I know I’d have a much easier time
holding onto my money.
Copyright © 2004 Sondra Eklund.
All rights reserved.
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