All Your Worth: The Ultimate Lifetime Money Plan

Features

• Cover Type: Paperback with 304 pages
• Published by: Free Press January 9, 2006
• Written in: English
• ISBN 10 Number: 0743269888
• ISBN 13 Number: 978-0743269889
• Book Dimensions: 8.3 x 5.4 x 0.8 inches
• Weighs: 9.6 ounces

Product Description
You work hard and try to save money, so why is there never enough to cover all the bills, to put some away in your child's college fund, to pay off your credit card debt -- or to relax and have some fun, for once? In the New York Times bestseller All Your Worth, mother/daughter team Elizabeth Warren and Amelia Warren Tyagi -- authors of the acclaimed The Two-Income Trap -- tell you the truth about money. The authors lay out a groundbreaking approach to getting control of your money so you can finally start building the life you've always wanted. The result of more than twenty years of intensive research, All Your Worth offers you a step-by-step plan that will let you master your finances -- for the rest of your life.



The secret? It's simple, really: get your money in balance. Warren and Tyagi show you how to balance your money into three essential parts: the Must-Haves (the bills you have to pay every month), the Wants (some fun money for right now), and your Savings (to build a better tomorrow). No complicated budgets, no keeping track of every penny. Warren and Tyagi will show you a whole new way of looking at money -- and yourself -- that will help you get your finances on track so you can enjoy peace of mind for the rest of your life.





Download Description
"You work hard -- really hard -- but it seems like there's never enough. Never enough to cover all the bills. Never enough to relax and have some fun. Never enough to save some real money. What has gone wrong? What is the secret that you haven't figured out? In All Your Worth, Elizabeth Warren and Amelia Warren Tyagi -- mother/daughter authors of the acclaimed The Two-Income Trap -- tell you the truth about money. They lay out the new rules of money -- the ones nobody talks about. They show you how to get out of debt, cover your bills, and start getting ahead -- without needing to carry a calculator everywhere you go. All Your Worth will help you get control over your money once and for all so that you can finally start building toward the life you've always wanted. All Your Worth isn't based on lucky guesses or gut reasoning; it is the result of more than twenty years of intensive research. As a result, the authors don't offer you a few quick fixes destined to fall apart, and they don't waste time trying to solve problems you don't have. Instead, the authors lay out a breakthrough approach for getting control over your money. And they use this approach to help you conquer your financial problems, step by step. They help you create a plan that isn't just for a week or for a month; this is a plan that lets you master your money for the rest of your life. The secret? It's simple, really: Get your money in balance. Warren and Tyagi show you how to divide and conquer. You will learn to balance your money into three essential parts: the Must-Haves (the bills you have to pay month after month), the Wants (some fun money for right now), and your Savings (so you can build a better tomorrow). No complicated budgets, and no keeping track of every penny you spend. Once you have the basics, it gets easy. You can put your money worries behind you and get on with what really matters -- living your life. Whatever your struggles with money, Warren and Tyagi can help you get your finances on the right track. They will show you things about yourself that you have never quite seen. Are you an emotional spender? Is debt robbing your future? Do you spend too little on fun? Are you and your partner trapped in the Money Blame Game? After you read this book, you will never look at your money -- or yourself -- in quite the same way again. Whether you are knee-deep in past-due notices or you just don't think you're saving enough, money worries can chew away at your life. Warren and Tyagi are here to tell you that you can stop the worry. You can change it all. You can have enough -- enough to cover the necessities, enough to put some real money in the bank and start bringing your dreams into reach. You can even have enough money to have fun. (In fact, they insist that you have enough for fun!) Best of all, with All Your Worth, you can have peace of mind for the rest of your life. "

Reader Reviews
This review is from: All Your Worth: The Ultimate Lifetime Money Plan (Hardcover) "All Your Worth: The Ultimate Lifetime Money Plan," written by the bestselling authors of "The Two-Income Trap," is a solid book about the basics of financial planning. The authors tell us there are many good financial planning books on the market, if you already have a great deal of money and are looking to make more, but there are few books written for the majority of Americans who are struggling financially and who worry about money. "All Your Worth: The Ultimate Lifetime Money Plan" helps average people get their finances in order. Harvard law professor and consumer advocate Elizabeth Warren is America's leading expert about the causes of personal bankruptcy in America. Warren and Tyagi suggest that individuals must get their expenses into balance with their income. In particular, the authors say we should spend no more than 50% of our income on "Must Haves" or expenses that must be paid no matter what (rent or mortgage, utility bills, health insurance, property taxes, etc.). Then, 30% of our income can be spent on our "Wants" (for example, cable TV, tattoos or, actually, anything you want). The remaining 20% of our income should be saved toward building your financial future. The savings become automatic, if you get your must-haves and wants in balance. The authors point out that historically Americans only spent about 50% of their income on "Must Haves." But, today, there is a trend for Americans to commit more and more of their income to expenses that must be paid, no matter what. If your "Must Haves" are over 65% of your income, the authors write: "Even the smallest hiccup can seem like a major disaster because there is no extra money to handle anything that goes wrong.... You need to get your Must-Have spending under control immediately." To get your money in balance, Warren and Tyagi say you can't worry about saving a little bit here and a little bit there. Rather, look at your bigger expenses and find ways to save there. "Count the dollars, Not the pennies," they counsel. For example, drive a less expensive car. They write: "Buy used...Drive it until it falls apart, and then keep driving it. Drive your car until the odometer flips. Drive it until you're on a first-name basis with your local mechanic. Drive it until you embarrass your kids. And then drive it some more. And laugh all the way to the bank." The authors show us how to reduce insurance costs, mortgage costs, and other big-expense items. We learn that many people overpay for insurance and mortgages. We also learn that, due to changes in legislation, it's easier for people to get into financial trouble today, than it was in the past. Years ago, when lenders could only charge reasonable interest rates, lenders needed to be sure people weren't taking on more debt than they could handle. So, if a person couldn't really afford a bigger home, they wouldn't receive a mortgage for it. But, today, people who struggle to repay their debts are often the most profitable area of lending. This allows the lender to charge high interest rates and hefty fees. The authors write: "The truth is, debt peddlers don't want you to think about what happens when something goes wrong... . Their only goal is to sneak that monster [debt] into your living room, in the quiet hope that something will go wrong in your life and they can make the big bucks. ...That's right: Your credit card company wants something to go wrong in your life. Why? Because that's when they make the most money! That's when the interest piles on, the late fees and over-the-limit charges balloon, and the bank racks up big profits from your troubles." So, today, consumers need to learn to limit their own spending. The authors write: "...practice saying something we've heard rich people say a thousand times: 'I can't afford that.' ... Say it with anger. Put some real heart into it-loud and furious. Now say it with resentment. Fill your voice with bitterness and envy. ... Say it with pain. Say it with disappointment. Say it with self-pity. ...The best one: Say it with good cheer. Laugh out loud about it." "All Your Worth: The Ultimate Lifetime Money Plan" is a great book for people who want to get their finances into balance and avoid financial disaster.