Friday, May 19, 2017

Review of "Mindful Money," by Jonathan K. DeYoe

Review of
Mindful Money, by Jonathan K. DeYoe ISBN 9781608684366

Four out of five stars
This is a non-fiction book where only the foolhardy or predatory financial people will disagree with the contents. For it is in complete opposition to any attempt to get rich in a quick manner. It all begins with a long-term plan for putting money aside and avoid any reactions to harsh, rapid changes in the value of your assets. The history of the American stock market is cited, noting the fact that over decades, the market has always gone up.
 Other points made are ways to increase your “happiness index” by helping others, not always by simply giving money. Which is often more of a conscience salve rather than an effective way to aid people. Taking the time and making the effort to aid others keep the act in mind longer and has a more positive effect on your psychology than a fire-and-forget monetary contribution.
 DeYoe is a practitioner of the Buddhist faith, so many principles of that religion are injected into the advice. If you are looking for financial advice that has the characteristics of what is seen on television with all the hype, bells and whistles, then this book is not for you. It is generally rather dull and a repeat of what has appeared in many other places, but as the sage Aesop put it so well centuries ago, “Slow and steady wins the race.”

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