Moolala Book Review and Giveaway

moolalaRandom House Publishing contacted me to review a new personal finance best seller, Moolala (link), which was written by Bruce Sellery.  The title sounded unique and interesting, so I gratefully accepted the book for review with a few copies for giveaway.

Before I even had to chance to read it, I was seeing the book on the best sellers table at Chapters and at the exclusive best sellers table at Walmart, which then really peaked my interest.

I must admit that the book was a pleasant surprise.  As I’ve read quite a few money books in my day, I was expecting a typical personal finance book with the common money mantras.  However, Moolala had a little something extra that kept me interested.  Where most financial books talk only about the “how”, this book digs a little deeper and adds the “why” to help develop, achieve, and put life goals into context.

About the Author

You may have heard the name Bruce Sellery before as he is one of the founders of Business News Network (BNN).  Here’s what the book says about him:

Bruce Sellery is a business journalist and professional speaker.  As one of the founding members of BNN, he has anchored thousands of hours of programing from Toronto to New York.

More recently, Bruce founded Moolala, a personal finance training company focused on inspiring people to get a handle on their money so that they can live the life that they want.

About the Book

The book is broken out into steps to help the reader achieve their financial goals and hopefully what they want out of life.  As previously mentioned, I enjoyed the “why” sections of the book (steps one and two) which makes up almost half of the book.  These steps include:

  1. Step ONE:  Lay the Foundation – This step puts into context why smart people do dumb things with their money.  Determines what your money is for.  The reasons why you need to get  handle on your money. Determining the right level of complexity for you and your money.
  2. Step TWO: Determine What You Want – Coming up with your financial goals – what do you want for your life?
  3. Step THREE: Develop the Plan – What is your starting point? What’s holding you back from achieving your goals? What are the top three things that you need to do? Assess and improve your cash flow, working with a financial advisor or do it yourself to come up with an investment plan.
  4. Step FOUR: Take Action – Just do it, how can you make sure you act on your plan?
  5. Step FIVE: Stay Engaged – Make it a long term engagement.

I recommend this book for just about anyone looking for more than just “do this to be financially secure”.  I’m sure that I’ll be reading this book over again in the coming years.

Want a Free Copy?

The publisher is offering Million Dollar Journey readers the chance to win a free copy of the book (3 copies available).  The details are below:

  1. New and Existing Money Tips Newsletter Subscribers will be drawn at random for a free book (you can subscribe here). (+1 entry)
  2. Tell me one of your financial goals for 2011 by clicking here. (+1 entry)
  • Only one comment entry per person (valid email addresses only please – privacy policy).
  • Contest will end Sat 5pm EST April 2, 2011 and the winner, drawn randomly, will be contacted shortly after!

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FT

FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.
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Bruce Sellery
10 years ago

Wow. These goals are INCREDIBLY inspiring. I wish we had 150 books to give away to each and every one of you. Oh well. Thanks for participating, and three cheers for Million Dollar Journey – truly one of the BEST personal finance blogs out there.

Bruce Sellery
Author, Moolala.

Gene
10 years ago

I’ve got extra cash coming to me, so I’m working on blasting away at our mortgage principal, within the limits of the prepayment rules.

Judy
10 years ago

My goal is to become consumer-debt free by the end of May 2011 and once that is done, put those dollars into my TFSA.

Wanda B
10 years ago

One of my financial goals for 2011 is to put away as much as possible this year so my hubby and I can retire a bit earlier.

Erick
10 years ago

My goal is to dump all my mutual fund holdings and replace them with low cost ETFs.

Richard
10 years ago

My goal is to reduce my mortgage by 10% this year.

chad
10 years ago

My financial goal get a better jpaying job $12 is hard to raisie a familly on.

And to start a rrsp.

Steve
10 years ago

My financial goal is to max out my RRSP this year in order to stay the course toward financial independence and early retirement!

Canadian Dream
10 years ago

My goal is simple: pay off $39,000 of my mortgage this year. Hard? Yes, but it will take me a lot closer to being debt free like you FT.