Welcome! Log in or Register

Money Magic: Seven Simple Steps to True Financial Freedom - Alvin Hall

  • image
£0.01 Best Offer by: amazon.co.uk Marketplace See more offers
2 Reviews

Genre: Finance / Business / Career / Author: Alvin Hall / Paperback / 128 Pages / Book is published 2010-03-04 by Hodder & Stoughton

  • Sort by:

    * Prices may differ from that shown

  • Write a review >
    How do you rate the product overall? Rate it out of five by clicking on one of the hearts.
    What are the advantages and disadvantages? Use up to 10 bullet points.
    Write your reviews in your own words. 250 to 500 words
    Number of words:
    Write a concise and readable conclusion. The conclusion is also the title of the review.
    Number of words:
    Write your email adress here Write your email adress

    Your dooyooMiles Miles

    2 Reviews
    Sort by:
    • More +
      16.06.2010 20:50
      Very helpful
      (Rating)
      2 Comments

      Advantages

      Disadvantages

      A cheap, easy read

      This book is only 1.99 and I have to say it is probably just about worth that. Had it been priced higher I would have questioned whether Mr Hall knew the value of money through selling fairly facile books at high prices but that isn´t the case.

      This book does exactly what it says on the tin, it is 128 pages long and offers practical solutions to dealing with debt and being free to enjoy life.

      As with Hall´s other books there is a lot of repetition here, you will be told that you have to use your savings to pay your debts and to use lower priced products but there are also really practical hints like the idea that buying something expensive isn´t always wrong if it is quality and will last.

      Hall covers the gamut of ways to get out of debt, downsize, cut bills, cut food and other budgets and talks about what you should do with money when you finally have some.

      I found the book easy to read, honest and helpful although every hint is something you could easily find on the internet if you had the time or inclination.

      The book is available in all good bookshops and is generally displayed prominently due to the price. It is also available online for the same price.

      I found the most useful areas for me were the simple solutions to saving as a family and the ideals of making money work in a relationship, there are also sections on getting out of debt and planning for the future which are helpful.

      For me it much of a rehash of a previous Hall book I owned, but nonetheless its written with the reader in mind, is simple, effective, honest and really doesn´t hold back in telling you what will happen if you don´t resolve debts.

      I would recommend this book for readers and their families, its also good for kids as a means of understanding the value of money and how to make the most of it.

      Comments

      Login or register to add comments
      • More +
        30.03.2010 09:37
        Very helpful
        (Rating)
        7 Comments

        Advantages

        Disadvantages

        There's no less love in this household for Martin Lewis MSE but Alvin comes a close second!

        This is a review of the book 'Money Magic' by Alvin Hall who keeps it very simple in his 'seven simple steps to true financial freedom'. I know how many Martin Lewis Money Saving Expert fans there are on here so I write this review with caution, although Alvin is definitely singing from the same hymn sheet.

        **What is a Quick Read?****

        The book is from the 'Quick Reads' collection which has a unique selling point of being a short sharp shot of advice. These books are quite large print and contain no overly-long words so are good for adults with reading difficulties. I won a big pile of them so thought I'd read them anyway!

        ***The intro***

        Alvin is well known for giving financial advice on TV, a bit like Martin Lewis. He begins the introduction of the book with a confession: that he too was once terrible with money and had to cut up his credit cards to get back on the straight and narrow. So from the start he is on your side and delivers his lesson in a friendly and informal straightforward way.

        ***So what are the seven steps? ***

        1. Track your money - know what's coming in and what's going out.

        2. Learn your money style - are you a big spender, cheapskate, ostrich, cynic or a bit of everything?

        3. Get out of debt - includes an example of a simple budget worksheet and how to work out APRs and which debt to tackle first

        4. Start to save - some great suggestions here like save first (from your wages) pay bills then see what's left to spend; saving change; saving a pound every day; reward yourself for saving; use pay rises for saving etc. Also advises on good savings accounts like ISAs.

        5. Making money work in a relationship - this bit really looks deeply into the problems couples and families can have and how to work out a compromise so you can live your lives too. Gives advice before marriage and also about the price of divorce!

        6. Becoming a money magic family: covers enjoying family life on a budget; using free days out and raising money-smart kids.

        7. Chase your money dream: in this chapter Alvin looks to the short term
        and long term goals people can set to get financial freedom.

        ***Quick guide***

        At the back of the book there is a word list with all the financial terms explained like credit card, APR, interest, bonds and mortgage.

        ***Price**

        All Quick Reads are priced £1.99 which I think is quite reasonable. They are light so good to carry around for when you get stuck waiting somewhere.

        **Verdict**
        There's no less love in this household for Martin Lewis MSE but I can see that Alvin Hall gives good sense in this book and reading it made me appreciate my own financial situation. (I'm a saver-convert now!).

        I loved the section about money styles, recognising the times when I have been a big spender, an ostrich, a cynic and probably most of all, a cheapskate (I love a good bargain!).

        I think this book would be a good eye opener for someone in financial trouble, but they have to be in the right frame of mind to take in the information.

        For £1.99 I think this book is of good value and whilst I didn't exactly learn a lot from it, I picked up a few pointers on better ways to save money and felt a renewed enthusiasm for squirreling away a few quid instead of buying new shoes and bags (my usual trick).

        I hope this review was useful to you. Thanks for reading!

        Comments

        Login or register to add comments