This installment of GS Book Notes presents three books brought to our attention recently. One addresses how to strengthen the finances of not just individuals, but also local communities and the United States as a whole. Another is focused on individual financial health, with emphasis on information advisers don't necessarily provide. The third addresses personal well being, offering a path toward a life of joy and purpose.
What It's Worth: Strengthening the Financial Future of Families, Communities and the Nation is a joint project of the Federal Reserve Bank of San Francisco and Corporation for Enterprise Development. It contains a series of essays by a range of authors representing diverse disciplines. From unique vantage points, they address what financial health and well-being means for America. This isn't the kind of book to be read in one sitting. It is 393 pages densely packed with insights and data to absorb and reflect upon, chapter by chapter.
In the book's introduction, Federal Reserve Chair Janet Yellen wrote, "The financial crisis and the Great Recession demonstrated, in a dramatic and unmistakable manner, how extraordinarily vulnerable are the large share of American families with very few assets to fall back on."
How to change this so more people accumulate assets that will enable them to weather financial storms is addressed in this book's four sections: "Where We Are" describes the current situation and efforts to improve it; "Why Financial Well-Being Matters for All" addresses the multiple ways financial well-being influences social outcomes that affect everyone; "Who is Being Affected" digs deep into demographic data to see which groups are being impacted and how; and "What To Do Next" offers a summary of the book's themes, along with a call to action to work together for the benefit of all.
Federal Reserve Bank of San Francisco and CFED
ISBN 978-0-692-53170-9 (paperback)
The goal of What Your Financial Advisor Isn't Telling You: The 10 Essential Truths You Need To Know About Your Money, by Liz Davidson, is to demystify the actions and advice of many financial advisers and reveal essential truths about how to build and secure wealth. Some of the resources Davidson, the founder and Chief Executive Officer of Financial Finesse, offers in the book include:
Houghton Mifflin Harcourt
ISBN 978-0-544-60230-4 (hardback)
ISBN 978-0-544-63334-6 (ebook)
Ruth Fishel, author of Time for Me: Daily Practice for a Joyful, Peaceful, Purposeful Life, describes her book as a "personal practice book" that can gradually improve the quality of your life. She emphasizes daily practice to develop new, healthy habits to last a lifetime. A different subject is presented for each week.
Some of the topics of focus are meditation, intention, breathing, neuroplasticity, affirmations, authenticity, optimism, purpose, forgiveness and friendship. She describes her method as three simple steps: 1. We practice mindfulness; 2. We connect with universal energy; and 3. We use the power of our thoughts.
Fishel, who co-founded Serenity Inc., encourages readers to work through the book at their own pace.
Health Communications Inc.
ISBN 978-0-75731886-3 (paperback)
ISBN 978-0-75731887-0 (ebook)
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