Book Review

Books that we have read and reviewed

10 Financial Mistakes You Should Avoid

10 Financial Mistakes You should avoid

10 Financial Mistakes You should avoid

10 Financial Mistakes You Should Avoid- Strategies Designed to Help Keep Your Money SAFE and Growing by Stephen.  S. K Ng

It is extremely important to be plan for ones retirement and grow their existing funds. In his book Stephen shares with the readers 10 Strategies to prevent yourself from being broke in your golden years.

One of the most important thing that you need is A PLAN. There must be an idea of how you would like to grow your limited funds. You need to know your time horizon and whether the finances set aside is for long or short term.  The plan that you execute has to be one that will beat inflation and taxation while and even longevity risk.

The author goes through the meaning of annuity and how to avoid taxation which depletes your savings. There are several different instruments which one can use for investment. It will certainly be prudent to find out which one is suitable for you and also how each one works.

It is very important to be educated about the different investment vehicles available.  Not all strategies that are currently used are applicable to you. One has to look at their age and a host of other factors before determining which is the best course of action in  dealing with  financial investments.

One must remember not to put all eggs into the same basket and develop a diverse financial portfolio.  It is important to seek advice from professionals before deciding on what to invest in.  They will be able to give you a clearer idea of what is more suitable for your  in the short and long term depending on your goals.

There are certain types of insurance which one may need to consider to secure your estate for future generations.  Some of the insurance which the author recommends is term, disability and long term care.  Longivity risk is something which has to be addressed as nowadays many people are living well into their nineties and beyond.

My thoughts

Reading this book by  Stephen Ng made me reflect on my own personal financial planning. I haven’t really been thinking much about retirement and having enough to sustain the kids and my needs as for the past 20 years I left this to the  Ex who  is a CPA/CFA. On hindsight it was really naive and foolish to do so as he has been financial manipulative and I’m still working towards regaining my financial independence and freedom.

I definitely recommend this book if you are looking to know what are the 10 financial mistakes to avoid. It was certainly an eye opener for me reading the book and have encourage me to think more about my financial stability.

Disclaimer:  I received a copy of this book for review purposes.  Opinions are 100% mine.

Whispers of Rest- Bonnie Gray

Whispers of Rest by Bonnie Gray

Whispers of Rest by Bonnie Gray

 

Whisper of Rest – 40 Days of God’s Love to Revitalize Your Soul by Bonnie Gray is one of the books I am currently reading.

Divided into six parts this book by Bonnie brings you on a 40 day journey through learning about yourself and how you stand with GOD.

Each day she brings you through her own personal experience with GOD. She recounts what she has done and how GOD has touched her life.

The book is divided into a few parts

Part one – Being the beloved

Part two- Choosing at the beloved

Part three- Dreaming as the beloved

Part four- Healing as the beloved

Part five- Daring as the beloved

Part six- Shining as the beloved

Starting off from Day 1  Bonnie shares with the readers how to focus on breathing and being still. To eject yourself from the busyness of life and focus on GOD.

Each day starts with a bible verse, quotation, a experience (story) another bible verse then explanations on how to go about to achieve rest.  There are also mediation techniques interwoven into the daily ritual to help calm ones emotions and help them focus.

There are sections within each day where reflective questions are thrown to the reader and they are encourage to pen down their thoughts in a journal.

I find doing this exercise very therapeutic.

My thoughts 

I was on Bonnie’s 21 day challenge which she conducted on her facebook fan page . It was  a very interesting journey together with the other ladies on the challenge as we shared our perceptions of being Still and breathing again spiritually.

I have been feeling very spiritually jaded  and in need of a spiritual detox. I have been looking for a booster in this area of my life.

Having come from a Catholic background I have always questioned why I feel so spiritually lacking even though I was in Sunday school  and attended service regularly. I came to realize that the community I was in wasn’t serving my needs as a Christian and I started searching directly in the bible for what I needed.

Reading through Bonnie’s book gave me a clearer perspective on  what I am seeking within my spirituality life.  It gave me the space to slow down and think what I really want in my walk with GOD.

It also gave me a deeper understanding about my current feelings and thoughts on spirituality.

Do pick up a copy of her book as it’s being launch in the bookstores this week.

Disclaimer:  I received a copy of this book for review purpose. All opinions are 100%  mine