New book not for the dummies
The FinancialPlanning Association (FPA) has endorsed the publication of a new book designed to assist members of the public deal with their own financial issues.
Personal Finance for Dummiesauthor Barbara Drury says despite the title, the book is aimed at those who are unsure about what action to take in regards to personal finance.
“This book is not aimed at dummies, only people who haven’t got a clue about their personal finances ... for example, there’s a lot of serial bankrupts in the legal profession!” Drury says.
The FPA collaborated in the production of the book, which was launched in Melbourne last week during Financial Planning Week.
The 350-page paperback took Drury two years to write, in collaboration with the FPA, which provided technical editing services. The book discusses day-to-day personal finances, credit cards and loans, as well as investing, superannuation and estate planning.
Drury noted that personal money problems have been cited as the main cause of marriage breakdowns and the major trigger for suicides in Australia.
FPA chief executive officer Ken Breakspear endorsed the book at the launch, emphasising that it was not just for the rich, adding that he would be taking home extra copies for his teenage children.
AUTHOR
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
