Just the title of this book makes you want to buy it. Since most of us fail the “rich” test, well, isn’t it great to know we can win anyway. That was the message I got before the read.

I did read it. And I have to say, it’s a terrific book. If you hope to find redemption here for all your impulse purchases and your lengthy delays to begin on your retirement program, well, you will find lots of empathy, but not redemption.

The author, who by the way writes a monthly column for Money Magazine, has conducted extensive research (through the Roper organization) about the relationship of money and happiness. If ever you have yearned to know where you stand relative to the entire U.S. population, clearly this book will enlighten you … or possible frighten you, as the case may be.

I very much liked the author’s approach … money is not happiness, yet it plays such a vital role in the happiness equation. Those with too little are often unhappy because their lives are a constant financial struggle to pay the bills. Yet those who are financially secure have no guarantees either. In fact, the abundance of money in one’s life can be the source of great unhappiness.

Her book is jammed with common sense solutions about money management and how to find peace with it in your life. It is not a "how to" book for becoming wealthy. Rather the focus is directed more toward finding peace and happiness using financial security as a tool you strive to acquire in that quest.

Clearly, the author is directing her counsel to the entire population of the country. While I respect that altruistic effort, I cannot convince myself that it is a realistic goal. As a nation, we have been successful at raising the standard of living. Yet, among us will always be groups whose focus and successes will vary widely. My view is that this variance among us is good, as well as natural. The diversity among us is our strength, not our weakness.

Let me offer an example. Chapter 1 is called Sophie Tucker Was Wrong. The chapter begins with a quote from Sophie … “I’ve been rich and I’ve been poor. Believe me, honey rich is better.” The author makes the point that being rich doesn’t guarantee happiness, and being poor doesn’t rob you of it. I agree with the author’s point. And I likewise agree with Sophie Tucker’s quote … rich is better, any way you shake it. If I could double my net worth tomorrow, I am absolutely certain I would be happier for it. Perhaps I just need counseling.

As I have said before, financial planning and financial planners turns on philosophical views. There is not a single right answer for all of us to seek, since each of us has our unique combination of values. And yet, I would also argue that reaching a point in our lives when we are no longer dependent on employment … what I call our financial freedom day … I would argue this is a universal desire among all of us. Who doesn’t yearn for financial peace?

I highly recommend this book, particularly to anyone who is struggling, looking for a place and a way to begin their quest for financial freedom. Jean Chatzky is practical, down-to-earth, no nonsense. Her advice is rich with a human touch, there is nothing clinical or high tech inside to make you feel outside your league. You may not always like what you read as she unfolds all the details about the “average American”, but you will know where you stand among your peers if knowing that is important to you. And if your money management skills need a tune up, you won’t leave disappointed.

PS I have known many people I would consider financially rich. Yet, very few of them would agree with my assessment. Rich truly is a point of view, not a specific measure.