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Reviewed by Joe Wisinski for Readers' Favorite
Making Sense of Your Money by Jeremy Kho is a primer on the theory behind how money works. Chapters include Understanding Money & Currency, Supply and Demand, Inflation, Purchasing Power, and more. Kho provides simple explanations of topics that are potentially new to readers and somewhat esoteric. Each chapter includes a helpful conclusion that not only sums up key points but makes practical application of the topics discussed in that chapter. The book is well organized, starting with the history of money and progressing through some problems, such as how fiscal and monetary policy affects consumers. Kho then goes on to the practical financial matters everyone faces, such as where and how to invest. He consistently directs his writing to his readers, urging them to take control of their financial lives.
People who know little about how money works may find Making Sense of Your Money useful. Jeremy Kho addresses some topics many readers will not have learned in school. Not everyone will agree with Kho’s ideas and solutions. For example, he suggests that readers may be able to save money by renting instead of buying a home, which runs contrary to what many financial advisers suggest. Kho does point out, though, that everyone needs to run an analysis of their own situation. His advice to maintain a balanced portfolio and to stay invested is wise. Although Kho’s book contains several charts and graphs, more would be helpful. There are more comprehensive books on monetary theory available, but Making Sense of Your Money is a good start for those new to the topic.