All Your Worth
The Ultimate Lifetime Money Plan
by Elizabeth Warren & Amelia Warren Tyagi


(Click for Amazon book review)

BOOK REVIEW by OnTheIssues.org:

This is not a political book; it's a financial how-to guide. Specifically, it's a financial guide for the non-wealthy; as the Warrens put it:

Everywhere we went, we found plenty of books on the difference between bull and bear markets, and lots of tips on how to find a great deal in potato futures. In other words, we found oodles of advice for people who are financially secure and just want to make a little more money. But what about the people who AREN'T so secure? What about the people who stopped us in the grocery store, the mothers at the preschool, and the guys at Home Depot? Where was the advice for them? It didn't exist. So we developed "All Your Worth." (p. 7)

[After we wrote] "The Two-Income Trap", which told the story of how the new rules of money had trapped millions of hardworking families into a financial struggle, the phone started ringing. The book did more than raise some public policy issues; it touched a raw nerve. People would pause and say quietly, "You're not just talking about money, you know. You're describing my whole life." (p. 6)

Bottom line: You can read our excerpts for the political implications, or you can read the original book for its financial advice. That's what the pair of books really is -- financial advice for regular people. For the 2020 election, Elizabeth Warren's "origin story" is the most relevant aspect.

-- Jesse Gordon, jesse@OnTheIssues.org, April 2019

OnTheIssues.org excerpts:  (click on issues for details)

Budget & Economy     Can't count on good old-fashioned hard work like our parents.     Non-wealthy people need financial books too.     Minorities are targeted for high-priced mortgages.     Congress took reins off credit industry in 1970s.     Rules were different when banks were regulated.

Corporations     Differentiate between Chapter 7 and Chapter 13 bankruptcy.

Education     Promote student loan discounts without prolonging payments.

Families & Children     Every couple disagrees over money; solution is compromise.

Principles & Values     From a long line of hardscrabble Okies.

Social Security     One in eight older Americans lives in poverty.

Welfare & Poverty     Make a balanced, sustainable lifetime financial plan.     Refinancing mortgages shouldn't require more debt.     Home equity is a trap: can't borrow your way out of debt.     Balanced Money Formula: must-haves vs. wants vs. savings.     For non-wealthy, financial house is built on sand.

Click for quotations from other sources by: Elizabeth Warren