Thursday, January 29, 2009

Surviving Financial Meltdown

Our last book for January is Surviving Financial Meltdown -- Confident Decisions in an Uncertain World, by Ron Blue and Jeremy White, CPA.

Most of us are wondering how our current economy will affect us. This book promises answers to our most pressing financial concerns -- and a long-term strategy for financial health.

Text on the back cover:

Increasing layoffs, rising food prices, a stagnant housing market, an
erratic stock market. Surely these jeopardize your family's financial future,
right?

They don't have to, say trusted financial experts Ron Blue and Jeremy
White. They'll show you how to take charge of your family's financial well-being
-- no matter how bleak your situation appears right now.

Surviving Financial Meltdown answers the questions that keep you up at
night:

  • What should I do if my job seems to be in jeopardy?
  • Should I take my money out of the stock market?
  • What steps should I take if I'm behind on my house payments?
  • Where can I save money as the cost of living keeps going up?

This indispensable guide also offers a six-step plan that will lead your
family to economic health. Based on scriptural wisdom and time-tested truth,
these principles transcend the gloom and doom of TV and Internet pundits and
give you proven strategies to strengthen your family's number one economic
indicator: your own checkbook.

Learn why you don't need to fear tough economic times -- and why there may be
no better time than now to take control of your family's financial
well-being.


ABOUT THE AUTHORS:

Ron Blue has been a financial planner and consultant for over 30 years. He currently leads an international effort to equip and motivate Christian financial professionals to serve the body of Christ by implementing biblical wisdom in their lives and practices, resulting in financial freedom. Ron has appeared on national radio and television programs and has authored 13 books on personal finance, including the best-seller, Master Your Money.

Jeremy White has been a Certified Public Accountant since 1988 with financial experience in public accounting and industry. He's currently practicing as a partner with Blythe, White & Associates, a certified public accounting and consulting firm in Paducah, KY. Jeremy is a qualified member of Kingdom Advisors. He has coauthored or assisted with four other best-selling financial books including The New Master Your Money, Splitting Heirs, and Your Kids Can Master Their Money.


PURPOSE:

Surviving Financial Meltdown is designed to address many of the fears people have when managing their money. It provides practical assistance in understanding biblically-based financial principles and establishing financial goals. It also includes an appendix with money saving ideas.

In the first chapter, Ron and Jeremy introduce the four principles of financial success: thinking long term, spend less than you earn, maintain emergency savings, and minimize the use of debt. They are simple concepts that often get overlooked, but they have stood the test of time in famine and in times of plenty. The principles are easy to understand, but are often difficult to follow. The authors are encouraging and positive that each of us can learn to manage our finances wisely, regardless of where we are financially today. By implementing these principles, the authors can teach us how to make financial peace of mind a reality.


TABLE OF CONTENTS:

Chapter 1: Riding out the Economic Storm -- How to Prepare for Economic Uncertainty

Chapter 2: This Economy Is Unique, Just Like Every Other One Before It -- Dealing with a Challenging Economy

Chapter 3: No Sense Being Pessimistic -- It Wouldn't Work Anyway! Dealing with Financial Fears

Chapter 4: This Isn't Going to Hurt a Bit...Step 1 Take a Financial Physical

Chapter 5: Aim at Nothing and You'll Hit It Every Time ... Step 2 Think Long Term -- Set Goals

Chapter 6: I'm Stuck in a Traffic Jam on the Road to Riches ... Step 3 Spend Less Than You Earn

Chapter 7: I'm Having an Out-of-Money Experience ... Step 4 Build Emergency Savings

Chapter 8: I'm Being Eaten by the Borrow Constrictor ... Step 5 Avoid Debt

Chapter 9: Honey, I've Shrunk Our Portfolio ... Step 6 Think Long Term With Investing.

BOOK FORMAT:

Each chapter has personal stories of financial situations and their implications. Bible verses and concepts are introduced to strengthen the reliance on God, not finances, as the rock by which we stand. The chapters are easy to read, and they are divided by descriptive subtitles. There are sidebars and boxes with specific research or advice pertinent to the topic of the chapter. Chapters are short, approximately 10 pages, making this an easy book to read in one setting if you choose.

Tomorrow we will look at some of the chapters in more detail!

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