“Financially Capable” by Matt Paradise

“Financially Capable” by Matt Paradise 683 1024 Reader Views Kids

Financially Capable

Matt Paradise
Vernon Street Publishing (2023)
ISBN: 979-8987943700
Reviewed by Paige Lovitt for Reader Views (09/2023)

“Financially Capable: A Friendly Guide to Building Whole-Health Wealth” by Matt Paradise is a comprehensive and practical guide to personal money management. The first part of the book explains our current worldwide financial environment including issues with social equity. The second part covers the behavioral and psychological aspects of money to give us a better understanding of how we handle our finances like we do. One of the huge issues I see is that stress tends to make us more impulsive with our spending. Things are stressful right now, so there is a lot of impulse buying going on. I am guilty of this as well. The third part provides fundamental information about financial literacy. This includes topics about budgeting, saving, investing, debt management, identity theft and scams, credit scores, life insurance, home buying, and estate planning.

Paradise’s writing style is clear and easy to understand. He doesn’t overburden his readers with technical financial jargon unless he is explaining what the terms mean. I like that he takes complex financial concepts and breaks them down in a way that is easy for a novice in finance to understand. This will enable the reader to be able to apply this knowledge to their own lives.

The author uses real-world examples to illustrate his ideas. Some of these examples are from his personal experience. This makes this resource very interesting! He organizes his guidelines in a way that will make it easier for readers to implement. He also includes question-and-answer sections after the topics and lists additional resources and references for readers who want more information about a topic. I’ve got a lot of homework to do!

While this book is appropriate for people who are just starting out learning about finances, I also find it helpful for those of us who are getting closer to retirement. I am about six years away from retirement and I am taking a good look at how well-prepared I am, especially considering how the economy is fairing right now. I learned a lot from reading “Financially Capable,” and I know I have some work to do to make sure I have everything in place so I can retire comfortably. After reading this, my first goal is to cut out impulsive spending! Now that I understand why my brain encourages me to do so, it will be easier to stop. 

“Financially Capable: A Friendly Guide to Building Whole-Health Wealth” by Matt Paradise is a valuable resource for people wanting to improve their understanding of finances and achieve long-term financial stability. No matter how old you are, you should read it. It will also make a great gift for someone getting ready to graduate or get married.

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