“Get Financially Naked” is a compelling read that highlights the importance of discussing finances with your significant other. Written by Manisha Thakor and Sharon Kedar, who hold both MBAs and CFAs, the book offers insightful ways to address crucial financial conversations. It’s a quick and easy read, consisting of 148 pages published by Adams Media.
The book’s catchy tagline, “how to talk money with your honey,” suggests a lighthearted approach to what can often be a dry subject. Unlike typical personal finance books, Thakor and Kedar bring a refreshing wit to the topic. Early in the book, a message directed “To All Women” might seem exclusive, but it’s actually inviting all readers to consider financial transparency and empowerment.
The core concept of getting “financially naked” is about achieving a clear understanding of each partner’s financial situation to prevent any unpleasant surprises. This transparency is crucial not only for individual empowerment but also for assessing financial compatibility before commitments like marriage.
The book also introduces “The Five Power Steps To Financial Success,” which advises on managing significant expenses throughout life, including housing, transportation, education, children, and family obligations. The shocking costs of raising a child—estimated between $184,000 and $300,000 depending on location—are particularly eye-opening.
Ending with straightforward advice on saving and investing, the book emphasizes simplicity and improving communication over complex financial strategies. The appendix is especially useful, answering common questions about merging finances and handling different spending habits within a relationship.
In essence, “Get Financially Naked” is a must-read for anyone looking to enhance communication about finances in their relationships. It’s particularly recommended for those who find these discussions challenging. The book serves as a helpful guide for women and a revealing read for men, comparable to flipping through an issue of Cosmopolitan to gain new perspectives. Whether it’s about taking control of personal finances or understanding your partner’s financial viewpoint, this book ensures the conversation is both necessary and beneficial.
