Review of Your Future is NOW!
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Nisha DSouza
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Review of Your Future is NOW!
[Following is an official OnlineBookClub.org review of "Your Future is NOW!" by Jeffrey Panik.]
How financially literate are you? How confident are you when it comes to money management? Do you generally budget and plan your finances? Or are you someone who finds budgeting intimidating? Your Future Is Now: A Guide to Understanding Your Finances and Gaining Independence is a book that will provide much-needed guidance to people seeking finance-related advice. It is not just a book that superficially touches upon money-related topics. It's an in-depth guide by Jeffrey Panik, who employs his almost 25 years of experience as a financial advising professional to offer expert advice to readers.
Panik discusses topics from the basics and presents them in an easy-to-understand manner. He covers commonly neglected and sometimes feared concepts like budgeting, saving, understanding taxes, managing debt, and preparing for an unexpected medical emergency. I appreciate how the author emphasized the smallest of things, like the different banking tools that Americans have at their disposal. Questions like what kind of student loan one should apply for, what the loan program entails, what are the advantages and disadvantages, whether the loan can be deferred, etc. will be answered in this book. I was surprised to learn how Panik, having served in the US Army after college, got his student loans paid off as a part of his service agreement.
Panik also delves into diverse topics such as auto loans, mortgage loans, insurance, and understanding how identity theft affects an individual's credit scores. I was appalled to discover that "more than 1 million children fell prey to identity theft last year and two-thirds of these victims were 7 years old or younger." The author's experience in this field provided an amazing wealth of information for someone wanting to plan and achieve their financial dreams. I quite enjoyed how the author lays out the practical planning of everything that involves money and encourages prioritizing needs over wants. It served as a reminder because I tend to go overboard, at times, with spending on things I may not truly need, which, in turn, causes my financial future to take a hit.
Your Future Is Now contains beneficial tips for everyone, from a teenager handling their allowance to a young adult just starting their first job, from someone planning to buy a house to a person planning their retirement, and everyone else in between. I commend the author for delivering crucial information related to money management in a way that doesn't lose the reader's attention and, at the same time, ensures all vital points are covered. Panik starts each chapter with a wise quote from a famous personality, which introduces the chapter with flair. He includes easy, scannable links that lead to calculators or tools to help better understand the topic being discussed. Each chapter ends with key points that act as a quick refresher.
The book appears professionally edited because I noticed only a few minor errors. It has a lot to offer to anyone at any financial stage in their life. It even has tips for parents who can start securing a child's future by investing for them as soon as the child is born and then instilling the value of savings by encouraging children at age 5 to collect money in a piggy bank. There are so many creative ideas in this book that it will leave you with a sense of renewed passion to understand and take control of your finances. It did that for me, and I'm planning to put a lot of the ideas suggested into practice. Some points may not be relevant to non-Americans; however, the basic concepts and suggestions are applicable globally. I believe Your Future Is Now is an excellent source of knowledge, guidance, and finance-related suggestions and tools that will redefine your financial journey, and you will be grateful to have read it.
I pondered to come up with something I thought could have been changed, but I couldn't. This book is written well and will be a great addition to anyone's library. I gladly rate it 5 out of 5 stars and recommend it to readers seeking to gain a better handle on money. Readers of almost all ages, from any walk of life, at any stage in their life, will take away some sound financial advice from Your Future Is Now.
******
Your Future is NOW!
View: on Bookshelves | on Amazon
How financially literate are you? How confident are you when it comes to money management? Do you generally budget and plan your finances? Or are you someone who finds budgeting intimidating? Your Future Is Now: A Guide to Understanding Your Finances and Gaining Independence is a book that will provide much-needed guidance to people seeking finance-related advice. It is not just a book that superficially touches upon money-related topics. It's an in-depth guide by Jeffrey Panik, who employs his almost 25 years of experience as a financial advising professional to offer expert advice to readers.
Panik discusses topics from the basics and presents them in an easy-to-understand manner. He covers commonly neglected and sometimes feared concepts like budgeting, saving, understanding taxes, managing debt, and preparing for an unexpected medical emergency. I appreciate how the author emphasized the smallest of things, like the different banking tools that Americans have at their disposal. Questions like what kind of student loan one should apply for, what the loan program entails, what are the advantages and disadvantages, whether the loan can be deferred, etc. will be answered in this book. I was surprised to learn how Panik, having served in the US Army after college, got his student loans paid off as a part of his service agreement.
Panik also delves into diverse topics such as auto loans, mortgage loans, insurance, and understanding how identity theft affects an individual's credit scores. I was appalled to discover that "more than 1 million children fell prey to identity theft last year and two-thirds of these victims were 7 years old or younger." The author's experience in this field provided an amazing wealth of information for someone wanting to plan and achieve their financial dreams. I quite enjoyed how the author lays out the practical planning of everything that involves money and encourages prioritizing needs over wants. It served as a reminder because I tend to go overboard, at times, with spending on things I may not truly need, which, in turn, causes my financial future to take a hit.
Your Future Is Now contains beneficial tips for everyone, from a teenager handling their allowance to a young adult just starting their first job, from someone planning to buy a house to a person planning their retirement, and everyone else in between. I commend the author for delivering crucial information related to money management in a way that doesn't lose the reader's attention and, at the same time, ensures all vital points are covered. Panik starts each chapter with a wise quote from a famous personality, which introduces the chapter with flair. He includes easy, scannable links that lead to calculators or tools to help better understand the topic being discussed. Each chapter ends with key points that act as a quick refresher.
The book appears professionally edited because I noticed only a few minor errors. It has a lot to offer to anyone at any financial stage in their life. It even has tips for parents who can start securing a child's future by investing for them as soon as the child is born and then instilling the value of savings by encouraging children at age 5 to collect money in a piggy bank. There are so many creative ideas in this book that it will leave you with a sense of renewed passion to understand and take control of your finances. It did that for me, and I'm planning to put a lot of the ideas suggested into practice. Some points may not be relevant to non-Americans; however, the basic concepts and suggestions are applicable globally. I believe Your Future Is Now is an excellent source of knowledge, guidance, and finance-related suggestions and tools that will redefine your financial journey, and you will be grateful to have read it.
I pondered to come up with something I thought could have been changed, but I couldn't. This book is written well and will be a great addition to anyone's library. I gladly rate it 5 out of 5 stars and recommend it to readers seeking to gain a better handle on money. Readers of almost all ages, from any walk of life, at any stage in their life, will take away some sound financial advice from Your Future Is Now.
******
Your Future is NOW!
View: on Bookshelves | on Amazon
Nisha
Official Reviewer Representative
"There are two ways to live: you can live as if nothing is a miracle; you can live as if everything is a miracle." ~ Albert Einstein
Official Reviewer Representative
"There are two ways to live: you can live as if nothing is a miracle; you can live as if everything is a miracle." ~ Albert Einstein
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A comprehensive guide to financial planning with practical tips sounds really promising. Thanks for the detailed review, @Nisha DSouza.
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