randell tiongson books

Book Review: No Nonsense Personal Finance by Randell Tiongson

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I’ve always been interested in my finances. A couple of years ago, I saw a conference on Facebook organized by Randell Tiongson and I had never heard of him before so I decided to look him up. I attended the first Build Your Future event and I started reading his books. I found this book to be a popular choice so I ended up buying it.

The No-Nonsense Personal Finance is a personal finance book written by Randell Tiongson, a known financial expert in the Philippines. He uses easy-to-understand concepts and real-life experiences to explain personal finance. He also emphasizes that there is no shortcut in achieving personal freedom.

This is a great foundational book for someone looking to get serious about their personal finances. I knew quite a bit already before digging in, but the information here is paramount and useful. You won’t find any secrets or specifics on investing per se, but you’ll be glad you picked this up.

5 Steps in Achieving Financial Freedom

  1. Improving Cash Flow
  2. Getting Out of Debt
  3. Setting up Your Emergency Fund
  4. Getting Protected from Life’s Risks
  5. Investing For Your Future
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Photo from Rampver Financials

At the end of each chapter, you will find his friend’s advice. I can see that he really wants to help his readers to grasp the importance of financial literacy and he wasn’t there to impress. Being a Christian myself (we attend the same church), I appreciate Randell’s faith and sincerity in the book.

My favorite part is when he explained the issues of the sandwich generation— a group of young adults “sandwiched” between caring for their children and aging parents. It’s quite evident in the Philippines and I don’t want to participate in that phenomenon.

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Financial planning tips for the Sandwich Generation | Shares Magazine
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In a way, this book has affirmed that I don’t need life insurance yet because I don’t have anyone who depends on me. It also affirmed my decision to get out of debt as soon as possible and start building my emergency fund. I’m glad that I started investing in UITFs. At least, it’s a start.

I highly recommend this book to people who have a lot of debts and loans and wanting their finances under control. And even if you don’t have debts, but you want to start investing for your future, this is a great book to read. I’m glad invested in this book because it helped me looked closer at my finances and see what I can do better and have a financially fit future.

Unless you already have millions of pesos in the bank and have all of your finances under control (investments, funds for your children’s education, retirement, etc.), I think you’ll find the information in this book to be useful.

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About Randell Tiongson

Randell Tiongson is a speaker, trainer, writer, columnist & best-selling author. He is one of the country’s most recognizable authorities in personal finance.

Buy the book: Lazada | Shopee

Suggested further reading:

Build Your Future Today: A No-Nonsense Guide to Investing by Randell Tiongson

STOCK SMARTS: Stock Investing Made Easy by Marvin Germo

Shop Business/Finance Books (Local Authors)

Thanks for reading! Comment below, I’d love to hear your thoughts!

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