New Book Offers Practical Tips for Achieving Financial Security

In Your Money and You: How to Increase Your Chances of Achieving Financial Security, Deborah Ellis, a longtime Certified Financial Planner (CFP), offers readers a plethora of information about stocks, bonds, saving, investing, allocating your investments, and even individual advice for people in different industries. While the book is full of information, it's also written in a highly accessible manner. Ellis shares her personal stories of how she began saving money as a child and young woman, how her aunt taught her how to invest and buy stocks, and how things have changed in the decades since she began saving. Her personal experiences then branch into her professional experiences with clients and with years of investing in the market.

I know investing can be scary and confusing, but that's usually due to a lack of information or the fear that we won't understand the information. As Ellis shows us, investing is really not that difficult. In fact, anyone who passed middle school math classes can figure it out. What is harder is to learn to save and to break some negative beliefs we may have about money so that we can quit solely working for money and learn to make it work for us. The book opens with a quote from Napoleon Hill, author of the classic book Think and Grow Rich, that states, "If you let it, you will be surprised at how money attracts money." Nothing could be truer, and Ellis shows us how it can be true for all of us. She states, "I believe that today the stock market is a gateway to opportunity in America. I believe it is a way for almost anyone from any walk of life to build wealth and partake in the American Dream." Your Money and You shows you just how to pass through that gate.

The book's opening chapters teach us how to take on a leadership role with our money. Ellis helps us learn how to plan for retirement and what to expect. She walks us through the elements of a financial plan. Then she has us take a financial inventory of where we currently are so we know what we have to work with and what is required to reach our goals. She teaches us how to develop a saving and a spending plan, and finally, how to assemble a team to help us, a team that may include an accountant, a financial advisor, maybe a lawyer, etc. We do not hand over our financial affairs to these people, but rather, we learn to lead them so they can help us achieve our goals. Ellis warns us "if one of your team members has different matters, a bias, or wants you to go in a direction you don't agree with, you need to find another team member!" That's just one example of how Ellis tells it like it is. Another example I love and know is very true is that "If you want to charge something you …