“Two for the Money,” by Jonathan and David Murray and Max Alexander, offers clear and easy-to-understand advice for those of us who are somewhat challenged in the area of finance. The book is designed to help increase your awareness of your spending and gives you practical tips on how to stretch those dollars, invest them more wisely and create a realistic budget.
After walking you through these tasks, the Murray twins delve into the best ways to plan for your retirement and help you understand the real story behind writing wills and trusts. Other subjects covered includecredit issues, family planning, insurance concerns, long-term medical costs, savings and treasury bonds, mutual and hedge funds, and annuities.
Jonathan and David Murray have taken a subject that most of us try to avoid and made it adaptable and relevant. Both are highly regarded in the field of financial advising and have been featured several times on NBC?s “Today” and on CNBC.
David Murray is the managing director of wealth management for The Private Bank in Bloomfield Hills, Mich., and Jonathan is a senior vice president of investments in the Baltimore office of Smith-Barney. You can also hear Jonathan daily on Baltimore?s WBAL-AM Radio on “The Wall Street Report.”
The brothers point out their differences in personality, but they agree that the advice they have provided in their book will help give you the tools to take control of your finances now and for your future. Some quick tips include things like renting more movies to watch at home, thus making going out more of a special occasion; driving your cars for a longer period of time before buying new ones; buying clothes that are less likely to go out of fashion (and wearing them); and putting $60 a week into savings, which can grow into a substantial nest egg by the time you retire.
“Two for the Money” has something for everyone, with advice for married couples, singles, youths and couples who don?t fit into a recognized category. It is an enjoyable and worthwhile text that is well worth the price.
About the title
» “Two for the Money,” by Jonathan and David Murray and Max Alexander, $24.05
» Published by Carroll & Graf of the Avalon Group of Publishers
» 329 pages
» ISBN 0-7867-1787-1784-4
