By JLP | August 31, 2009
I’m behind on my book giveaways so this week I’m going to try to do a giveaway per day. Today’s giveaway is the book, Does Your Bag Have Holes? 24 Truths That Lead to Financial and Spiritual Freedom* by Cameron Taylor. This book was written for Christians so it may not interest non-Christians. The book itself is hard to define. It’s a little bit personal finance with a touch of politics and whatever else the author wanted to touch on.
I liked the book but found some of the advice a little simplistic. For example, the author talks about building wealth through real estate. He suggests buying your first house with a 15 year mortgage. Then when it’s paid off, borrowing again to buy another house to rent out, using the rent payment and the money that was used to pay the old mortgage payment to put towards the new mortgage. Then once that’s paid off, buy another rental house and so on… While the advice isn’t necessarily bad (or good), the details are slim and he left out important considerations like interest rates, housing prices, etc. Granted, that wasn’t what the book was about but I would have preferred more detail.
Another knock against the book are the illustrations, which are cheesy-looking. The author should have spent some money and hired a professional illustrator.
All that said, it’s still a good book. I agreed with most of what the author said (and he said a lot!).
If you are interested in reading the book, leave a comment below and I’ll enter you in the giveaway. The winner will be announced tomorrow morning. All I ask is that you remember my two rules regarding giveaways:
1. You must be a resident of the U.S. or Canada (I WILL NOT ship internationally).
2. You can only enter the contest ONCE.