Managing Money: A Guide to Getting Started in the Company of Financial Planning and Investment by Ed Butowsky

Edward”Ed” Butowsky is a certified public accountant and financial adviser. In 2021,he established Chapwood Investments, LLC, an investment advisory company focusing on client wealth management. He also became the founding partner of Global Financial Management, LLC.

Ed Butowsky talked about financial education in an interview with Howard Stern. He was quoted as stating, quote,”The financial education of anyone nowadays can be found on the internet.” He proceeded to add that people now need more than only basic knowledge of fund, but has to be equipped with the resources to handle their finances. He proceeded to state thatthere are too many people out there that do not understand how to manage their money and shed it. He moved on to call the ones that do understand how to invest properly as”courageous people,” and he believed these individuals were in great demand. In the same interview, Butowsky mentioned the requirement for financial education for the general public.

Before we proceed, I want to give Ed Butowsky a few credit. The chap is definitely an expert when it comes to financial advice and investing. He is a really good author and has a very engaging personality. That having been said, some of his recommendations may have been demonstrated to be somewhat off the mark, but overall, this is a really good book as far as financial advisers move.

Within this book, Butowsky starts out by describing the task of a financial adviser. The focus of the first section is about what a financial adviser does. In accordance with Butowsky, his main duty is to analyze the financial statements of customers and recommend changes in order to improve their financial health. However, the real test of a financial adviser is in how they handle their own portfolio.

This section of the book is quite comprehensive and goes in the types of investments that an advisor should evaluate before advocating any type of investment. But,even after considering all the best investment opportunities, a financial adviser still has some responsibility to their clients. The book then continues with a short description of the way to invest. And, finally,it concludes with some short but quite helpful strategies for managing cash.

Overall, this is a nice little book. It will not have the bells and whistles of recent books on financial management. However, for someone who is just getting started in the area of investment management, it features a fantastic primer. Plus, the excellent thing about Ed Butowsky’s strategy is the fact that it’s practical, even for individuals alreadyon the cusp of investing. I believe anyone interested in financial analysis will find something to like here.

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