Book Review – “Money Proverbs” by Reid Ross

Disclaimer: I received a digital copy of an earlier edition of this book for free in exchange for my unbiased review.

As you may have noticed, I’ve been putting these book reviews up once a month.  It allows me time to really read through them and think about the message each author has before I try and distill it down and present it to you all.  I like reading the big-name books that everyone’s at least heard of because it offers me a chance to join in on the conversation surrounding those books.  But what I really like is discovering lesser-known books and sharing them like a kid showing off his awesome new toy.  So when my blogger friend Reid from Wealth Rehab asked if I’d review his new book, I jumped at the chance.

At only 63 pages, “Money Proverbs: 9 Principles for Earning, Saving and Giving Your Way to Wealth” is a great quick, high-level overview of money using principles taught in the biblical book of Proverbs, and would make a perfect graduation gift.  Reid breaks down the book into three sections: Earn, Save, and Give.  Under each section, he gives several principles, each of which is headed by a verse or two from Proverbs.  He does a great job of interpreting each Proverb and applying it to our modern-day financial culture.

**Editor’s note: Reid has updated and expanded this book as of October 2017.  He’s included 3 new principles and doubled the length of the original book in the updated edition.  Check it out here!**

Earn

Unless you’re Bill Gates, people don’t just hand you money all day long.  And even Bill Gates worked for what he’s got!  The bottom line is, money has to come from somewhere.  Reid walks his readers through the importance of having a plan and working hard to accomplish that plan.  Good workers need to seek out advice to constantly improve themselves, mind their own business rather than someone else’s, and let their work speak for itself.  Consistently doing all these things should result in never having an income problem, at least enough for the necessities in life.

Save

All this earning does no one any good if it goes right back out the door as soon as it comes in.  The key to building wealth is, somewhat obviously, saving money.  In order to save well, saving needs to be a habit.  Reid offers advice on how to save strategically, conservatively, and diligently while maintaining balance with enjoying your money along the way.

Give

Okay, so you’ve earned and saved.  Now you spend, right?  Sure.  But don’t forget giving.  As Reid reminds us, wealth is never created in a vacuum.  Other people will join you in support, in teaching, and in the actual creation of that wealth.  Once you’ve reached your goals, and even as you’re still working towards them, it’s time to start giving back and help others reach their own.  He focuses our attention back on God, who is after all the source of every dollar we get anyway, and God is the very definition of generous.  Because of that generosity, we’re able to give no matter what our financial situation is like.  There is always someone that can use our help, we just need to be open to seeing them.

Reid wraps up the book with a little insight into his personal story, which is a fascinating one.  His passion for personal finance and helping others make sense of financial challenges shines through in every page.  His ability to weave biblical teaching into short, actionable nuggets of advice is a great asset, and one that he uses well.  He has a background in corporate finance with a business degree from the University of Virginia.  He currently lives in New York City with his wife and two daughters.  If you’d like to get a better feel for what he’s all about, make sure to check out his blog, Wealth Rehab.

Buy/Borrow/Pass: Buy.  As I mentioned before, this book is the perfect introduction to the basic concepts of responsibility in personal finance.  The Kindle edition costs less than a cup of coffee, so head on over to Amazon and pick it up.  You won’t regret it.

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