5/19/2009

Book Review: 7 Steps to Becoming Financially Free


I recently received the book 7 Steps to Becoming Financially Free by Phil Lenahan from the Catholic Company. I was not sure what I would think about this book since I have read so many personal finance books. Could I really learn something new? Could it really be an interesting read?

This book is easy to read for someone just getting started and also adds a new perspective for those of us already down the road to personal finance success. Unlike any other personal finance book I have ever read it was heavily based on the Catholic faith (including quoting scripture) and spent the first half of the book talking about your life. Yes, your personal life.

Phil does a great job walking you though how you will find peace in your life. It's not about earning more money. It's about your priorities and choices. I loved how he took the time to explain setting your priorities. Setting aside time for God and your family. The seven steps are not even introduced into page 90!

When I first got this book I was worried that it would be like Dave Ramsey's materials. I mean seriously: seven steps to financial freedom vs 7 baby steps to financial peace. The seven steps are different but it is because they are using different scopes. Lenahan is taking a much broader look and not specific small goals. The financial advice did seem sound and wise. It all sounded like it came from your wise grandfather or priest.

I would recommend this book to any Catholic or Christian who struggles with the questions of how God wants you to handle His money. At least one of the bible passages will help to answer your question.

This review was written as part of the Catholic book Reviewer program from The Catholic Company. Visit The Catholic Company to find more information on 7 Steps to Becoming Financially Free.

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