By now readers of our How to Manage Your Monkey blog know we read and review hundreds of books on personal finance and financial planning. We would have to say that Flourish Financially: Values, Transitions, & Big Conversations by Kathy Longo CFP® is a very different book on the subject.
Whereas most books focus on the nuts and bolts, the undercarriage of your financial condition, this book is focused more on the person and their loved ones and not so much on the portfolio per se.
In this book, readers are treated to ideas about how to open up a dialogue with those involved in the financial planning and find out who they are and why they make financial decisions the way that they do.
You won’t be hammered in the head with such things as how to balance your portfolio. Why should the author do this when she points out that every person is different and their needs and comfort levels with different investments must be considered?
Longo discusses how to teach children about finances at an early age, how to open conversations with adult children regarding the parents’ finances, and how those adult children should open a dialog with their parents before there is a crisis regarding key financial decisions, where the important papers are, what types of insurance are in place, and medical care decisions.
Our only problem when Longo discusses a spending plan, AKA budget, is that she does not mention tithe. Giving to charity is completely different than paying a tithe. A tithe is ten percent of your gross income, given first. It should be paid to your home church and only there.
The author does discuss giving and does a good job explaining different ways to give.
We really think that every adult should read Flourish Financially. You will want to give a copy of this to your parents and adult children.
We were sent a complimentary copy of this book. We are under no obligation to write any review, positive or negative.
Notice: This post contains affiliate links. If you click a link and make a purchase, we may financially benefit from your transaction, at no additional cost to you. Thank you for your support.
Manian Debil Productions is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.
If you are looking for a complete guide to how to invest and make lots of money, 