Are These Best Selling Personal Finance Books Really Worth Reading?

Source: Thinkstock

Source: Thinkstock

5. Money: master the game by Tony Robbins

Best Sellers Rank: N ° 1 for the week of December 14, 2014

What it is: Caring guru and infomercial star Tony Robbins shares his take on how to achieve financial freedom.

What the experts say: “There’s a lot to like about the book, but I came out in conflict… the book promotes a low-cost approach, but it recommends working with companies that will outsource you to high-cost companies. This is a contradiction which is difficult to reconcile and which seriously undermines the credibility of the text, ”said Cullen Roche in his book review for Marketwatch.

“There is always a risk of overshoot when people venture outside their skillset and other areas,” Barry Ritholtz said in his review for Bloomberg. He criticizes Robbins for suggesting that readers invest in a poorly constructed portfolio that features “rookie mistakes. “

What readers are saying: “[T]his book reviews the fundamentals of investing, understanding the difference between risk and reward, and how the rules of the game work, ”said an Amazon reviewer. But others felt that Robbins failed to hit the mark. “The book is very long. And unfortunately, it’s not because he’s so full of financial wisdom. While there are a few nuggets of useful information found throughout the book, unfortunately most of the pages are filled with ‘filler’ information. said another reader.

Verdict: Robbins’ lack of financial expertise makes it difficult to take his money management advice seriously.

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