Comments on: "Get Financially Naked" (Thakor/Kedar)

By: Wojciech Kulicki

Wojciech Kulicki — Mon, 18 Jan 2010 02:38:37 +0000

Agreed on the simplicity. The only downside I can see is that sometimes instruction on the basics gets so concise that it ignores the fact that everyone’s situation is different and not everyone can follow rules of thumb.

This book was close to that point for me, but the authors did a good job of pulling it out and clarifying when needed.

By: 2 Cents

2 Cents — Mon, 18 Jan 2010 01:10:28 +0000

Hey Kevin, you make a few great points. As a former teacher, I can tell you that you can’t get too much of the basics. I’m all for simplicity too.

Here in Canada, our government has started looking into including some personal finance instruction, beginning at the elementary school level. I think they’re freaking out about the number of us (Canadians) who have woefully undersaved (is that a word?) for retirement. That’s going to put a huge strain on our gigantic Canadian social safety net and the CPP (Canada Pension Plan). I’m pretty sure the pension issue is a global problem as well.
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By: Kevin@OutOfYourRut

Kevin@OutOfYourRut — Mon, 18 Jan 2010 00:13:56 +0000

My wife and I balance out the finances in our relationship, so to answer the 2nd question, faring with finances would be the only easy part of her being gone.

In regard to the info in the book not being new, even if it’s painfully basic material, it’s still more comprehensive personal financial training than what young people get in 13 years of K thru 12, plus four years of college–which is none! Maybe that’s what the authors were targeting. If so, making it too complicated could lose more than a few readers.
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