How Does Money Work? - A Book by Joe Fazio
Posted March 11, 2018 by dragonfire11
This might be a dumb question but…How Does Money Work? by Joe Fazio explains how money works in a beneficial way. Fazio deciphers any questions you might have about money in easy to read terminology. He starts the book off by explaining that money makes money and that money also costs money. From there he illustrates how credit cards are like power tools. Using easy to understand analogies throughout the entire book, Fazio explains money in a way that most anyone can understand. For example, early on in the book, it compares credit cards to power tools. He gradually explains everything in a way that uses your previous knowledge from earlier in the book to explain the rest. The chapters in this book are like evenly spaced steps on a staircase leading you to a better understanding of how money works.
I think that knowing how money works give you a step up in life. In a world where technology is constantly evolving it is crucial to know how to manage all of your accounts online and in the bank. Knowing where all of your money is not only beneficial, but it also keeps you more organized in how you spend it.
In my opinion, this is an excellent book to help people of any age and prior knowledge in this topic. While some parts still remain unclear, the book as a whole was entertaining and easy to understand. This book has helped me understand concepts about money that I had not used, such as compound interest. This book gives good advice on how to successfully manage your money.
This book really puts into perspective what wise payment decisions are and when to make the right purchase. It outlines that you have to be very careful with how you spend your money and what to do with it. It teaches about how there are many different kinds of loans and makes suggestions about how to choose which loan. In addition to choosing which loan, it also teaches the consequences of choosing poorly and not being able to pay your loans.
Fazio, with his experience in banking, shows us that we shouldn’t be afraid of banks. He shows us that without banks, you would have a very hard and unfortunate time with your money. Fazio helps us get to know the banks better and how they think. He spends multiple chapters just talking about what to do so the bank will like you. Understanding how banks think is critical in not just to help give you a step up next time you go in, but also to know what you’re getting into and if it’s right for you.
All in all, this book is an incredible tool for learning about money. From credit cards to interest on loans, this book has it all. Fazio makes it simple and easy to understand the basic concepts of money. In conclusion, This might be a dumb question but…How Does Money Work? Is a fantastic book that can be given to anyone to learn about how to be responsible with money.