The Financial Matrix

The Financial Matrix

By: Orin Woodward

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This book is a book on personal finance that loosely ties into conspiracy theories. To put it gently I was not a huge fan. I’ve read quite a few personal finance books better than this one and will recommend a couple at the end of this post.

The Pros

So while this was not a fantastic book by any means there are a few things I agree with and are worth mentioning. First is the idea that US culture as a whole is vastly under-educated in matters of personal finance. I still find it shocking that people with college degrees don’t understand the first thing about interest rates. It’s a recipe for disaster. Not being one that enjoys complaining without offering a solution, I think it’s time to start requiring financial literacy classes in high-school… Back to the book before I stray off topic. I also like the authors ideas about changing your mindset. Personal finance has more to do with Psychology than it does Algebra. ¬†Living below your means, setting goals, and beginning with the end in mind will take you further than any coupons will. Lastly, the cash flow quadrant was mentioned and I’ve always liked the idea. However, it should be noted that this is Robert Kiyosaki‘s idea, from the book “Rich Dad Poor Dad”. Instead of getting into the details of what the cash flow quadrant is here, I’ll just suggest you read Rich Dad Poor Dad.

The Cons

The book is extremely brief and seems like a compilation of stolen ideas from other PF authors. I also didn’t like the second chapter, which is where most of the conspiracy theory talk was. The author believes the financial matrix is something created by the elite aristocrats that we are all now trapped in. Of course just like in the movie the matrix, none of us know that we are trapped… SO this book is a little bit of a stretch for the imagination. I’d recommend it first to a friend that enjoys conspiracy theories than I would someone who is interested in improving personal finance. Lastly, with the amount of plugs for his business “Life Leadership” it felt at times more like a drawn out ad than a good book.

Personal finance books I recommend instead:

  • The Total Money Makeover – Dave Ramsey
  • Rich Dad Poor Dad – Robert Kiyosaki
  • The Millionaire Next Door – David Bach

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