4 out of 4 stars
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Redefining Financial Literacy by Cindy Couyoumjian is a finance book aiming to help readers better manage their money. As can be seen from the title, this book is innovative and modern. Although there are many finance books on the market, the author believes that they have become obsolete with today's global macroeconomic reality. It is from this new reality that she intends to redefine some concepts. Was she successful? Let's find out.
Before answering this question, it is necessary to give more details about the author's professional background. Cindy Couyoumjian is a certified financial planner who has more than three decades of experience. For a long time, the acceptance of the 60/40 model (investing 60% of the capital in shares and 40% in bonds) was unanimous among specialists in the financial market. Cindy at first accepted this reality, but after the "dot-com bubble" in 2002, she was devastated when she realized that her customers had lost a lot of money. She even thought about abandoning the financial world, but soon after, she decided to study and create a new model that would be more suitable for the new reality.
What I liked most about the book was seeing Cindy's dedication and zeal. When she starts explaining what led her to develop the REALM model, it's crystal clear that her passion shines through the pages. It is evident that she was outraged by the reality of her clients and was looking for a solution to help others and not advance her career. She also advises women and details how difficult it is for women to thrive in a sexist environment.
Besides, another fascinating point caught my attention. The author clarifies that she is concerned that a large part of the American population (mainly women) does not have adequate knowledge about financial matters. I found it amazing because, here in Brazil, everyone looks to the American people as an example to be followed. In Brazil, only 1% of the population invests in the stock exchange, and for a long time, the number of prisoners was greater than that of people who invest in the stock market. It is common among Brazilian financial market professionals to say, "we have a long path until we reach the reality of the United States where more than half of the population invests in the stock market."
I found nothing negative to mention about this work. There is only one error in a book of more than 200 pages. The book was very well edited, read, and reread, and there are several mentions of books written by professionals in the American financial market. At the end of the book, there is a list of notes divided by chapters, making it clear that it is well-founded and professionally edited.
Since this work is pretty much impeccable, I gladly rate Redefining Financial Literacy four out of four stars. Cindy Couyoumjian deserves to be praised for creating a masterpiece that will serve as a guide and help thousands of people achieve long-awaited financial independence. This book successfully presented a state-of-the-art model that advocates using various financial assets to reduce risk and bring a greater financial return for everyone. The author is a role model for all modern women. I recommend this book to all those who want to learn how to manage their money better and believe that traditional economic models are obsolete.
Redefining Financial Literacy
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