Book Review – The Wealth Cure by Hill Harper

The Wealth Cure by Hill Harper

The Wealth Cure by Hill HarperRecently, I was given a copy of the book, The Wealth Cure: Putting Money In Its Place, by Hill Harper to read. You probably recognize Hill Harper and his picture on the cover of the book. He is one of the lead actors on the television show, CSI: NY.

Initially, when I saw the book, I was very curious to find out what Mr. Harper had to say about finances, but I quickly found out that he is quite an accomplished man off the silver screen too.

Not only has Hill Harper written three other New York Times bestsellers, he is also a graduate of Brown University where he earned his undergraduate degree, but he also holds a Masters Degree from the Kennedy School of Government and his law degree from Harvard Law School.

So, you may be asking, with all of those accolades, why Harper would write a book about personal finance. It is rather quite fundamental. He was curious about the subject, and as many people know, one of the best ways to learn is to teach. And, that is where The Wealth Cure by Hill Harper started to take its shape. What is unique about this book is the twists and turns that it took Hill Harper right before he started and during the writing of The Wealth Cure.

Hill Harper was diagnosed with thyroid cancer. It was during this time in his life that he started reexamining his own life. And, of course, finances and how we all interact with our money was at the top of the list to be examined.

The Sections Of The Wealth Cure By Hill Harper

The Wealth Cure is cleverly broken down into five main sections that mirror up nicely towards how someone not only fights a potentially deadly disease but also how you can tackle many of life’s problems…money problems included.

Part One – The Diagnosis

The Wealth Cure starts out with Harper Hill’s story. Not only does it chronicle how he found out he had thyroid cancer, but it also shows why he started thinking about writing a book about people’s finances in the first place. He was disillusioned by how he has seen money being spent and the negative affect it can have one people.

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My Next Home Is Going to Be a Hotel and I’m Saving Over $900 per Month!

Have you ever thought about living in a hotel?

Have you ever thought about living in a hotel? Because of the day job that I have, I tend to bounce around from one location to another fairly quickly. There are often times when I am working or going to a class for just a couple of months at a time. So, of course, I’m not going to put down any type of roots in that instance. I could rent an apartment for a month-to-month lease, but the number and quality of those types of apartments are not always the best. Why I’m Thinking About Living in a Hotel So, I started thinking about living in a hotel. I have always been fascinated by extended stay hotels in particular. Every … Read more

I Refinanced My Car Loan, Dropped 1%, And Still Pay $4 More a Month!

Car Salesmen Tricks They Do Not Want You To Know

Recently my bank, USAA, with who I absolutely love doing business with offered me a deal to refinance my car with a new car loan at a reduced interest rate. So, of course, I pounced on it. I would be lowering my interest rate by almost 1% and moving another loan back to my favorite bank. But, when I called, I was a little shocked at first when my monthly payment actually rose by $4 per month instead of dropping. I was expecting my car payments to drop since I was reducing my annual interest rate on the car loan from 4.38% to 3.59%. But, I still took the offer and car refinance loan. And, here’s why… I Cut Off … Read more

You Should Work On Your Finances Every Day

You Should Work On Your Finances Every Day
You Should Work On Your Finances Every Day

You Should Work On Your Finances Every DayDo you have money troubles? I can remember being over my head in credit card debt after college. I ended up burying my head in the sand so I wouldn’t have to deal with it too. You have to work on your finances every day.

How often do you think about your finances? Or, do you stick your head in the sand and just continue spending money you don’t have?

How often do you think about your budget or tweak it? Do you follow the news of companies you own stock in? Do you know what the mutual fund managers of your funds are doing or thinking?

If you focus on your finances a little bit each day, you will be able to handle and understand them better than ever. I’m not talking about buying and selling stocks everyday or watching their prices like a hawk. I’m talking about raising your financial IQ.

Work On Your Finances Every Day

You Are Good At What You Practice

The Tipping PointThe Tipping PointIt may not exactly be fun to everyone, and it may invoke memories of piano lessons of our youth. But, you are good at what you practice every day. Malcolm Gladwell is famous for pointing out in his awesome book, The Tipping Point, that it takes about 10,000 hours of practice at any one activity to become an expert at it.

So, all of you aspiring guitar players should definitely keep at it. The same is, of course, true for your finances. You have to practice to be good at it. What do I mean by practice? When was the last time you calculated your net worth? When was the last time you followed the stocks or mutual funds that you own in your retirement accounts?

Do you know the mutual funds top holdings and their rationale for it? Do you listen to conference calls of the companies you own stock in? It is not rocket science, but doing one small task each day will keep your finances in the forefront of your mind.

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Global Financial Crisis – The Worst Thing You Can Do

Worst Things You Can Do In Global Financial Crisis

Worst Things You Can Do In Global Financial CrisisThe worst thing that you can do in a global financial crisis is not sticking to your plan. In 2008, we saw far too many people pull their investments out of the stock market during the recession at the lowest points.

This will lead you to selling stocks and mutual funds when prices are low and having to repurchase your investments when times are better and ultimately prices are higher. The best thing you can do is to continue on your financial plan that you established.

Worst Things You Can Do In Global Financial Crisis

A Declining Market Is Not The Time To Sell

Trying to time the stock market’s rise and fall can cost investors thousands in lost profits. Inevitability, timing the market does not work and you enter and exit the stock market at preciously the wrong time costing you profits or increasing your losses.

Not only do you have to time your exit when you are timing the stock market, but you also have to time your reentry back into the stock market as well.

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Are You Fighting An Uphill Battle With Your Finances?

How to Stop Facing an Uphill Battle with Your Finances

Have you ever noticed that every kid on the playground always wants to go up the slide backwards? I think that is in our human nature to want to go against the grain like that. I think that it adds helps to instill our rebel mentality that helps make us uniquely American even at such a young age. But, are you fighting the same uphill battle against the grain with your finances as well? Many of us are.We are on a cycle of debt, living paycheck to paycheck, and often do not know how to get off the hamster wheel that makes up our lives. It is possible to stop going against the grain. Here are some great action steps … Read more