Mar 18, Blog on Books rated it really liked it. Psych yourself rich? Is it even possible? Farnoosh Torabi has made a name for herself by dispensing advice — often to young people — about the ins and outs of financial management. Her work has been featured in places like The Street. Torabi, a thirty something writer herself, doles out advice that seems primarily targeted to young people twenty-somethings, first-time homebuyers, couples planning a first child who need help in stopping their leaky budgets from getting the best of their modest to mid-level incomes.
The author does a good job of researching trends and interviewing both financial and behavioral experts Dan Airley is one of her favorite leaning posts , but this is still rudimentary stuff Cut back on the Starbucks, pay off your high-interest credit cards first, etc. Give this one to your recent college grad to send them off into the world.
In that respect, it is worth it.
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Jan 24, Andrienne rated it it was ok. I had high hopes for this book after seeing her appear in the Anderson Cooper show. All I can say is that the last few pages are probably the best thing about this book. She talks a lot about her personal experiences which were kind of so-so. There's not a lot of new things in this book.
Better books exist out I had high hopes for this book after seeing her appear in the Anderson Cooper show. Better books exist out there, try Jean Chatzky. Nothing crazy in here and while her strategies won't make you rich, they will help you avoid living from paycheck to paycheck. I read this because I think behavioral finance is interesting and it would also help at work - there were some interesting facts that I might reference in presentations.
I'd recommend this to a recent high school or college grad if they needed some basic money management skills as it's really targeted for that group. Jul 23, Eric rated it liked it. This book is based on the principle that we make financial decisions as emotional beings, not rational entities. But it doesn't spend a ton of time exploring that premise, and falls back into the comfortable realm of "financial tips and tricks" too often.
Not a bad read, and definitely some good process work, but the book doesn't fully live up to its promise, which was disappointing. Jul 19, Jennifer Wieworka rated it really liked it Shelves: read-non-fiction. I thought this was going to e a boring finance book, but I had piled it up because the author was on Anderson Cooper.
Turns out this book was awesome, was a quick read and not difficult to read and really got me thinking about my financial decisions. Can't wait to read You're so money next. Jun 29, Joseph Babbitt rated it really liked it. Quick read, lots of basic financial tips. The main point about this book is it helps you to see the big picture and helps you to stop living for today and helps you to focus on the next 5 and 20 years. Mar 21, Eryn rated it liked it. Love her podcast so I had to read one of her books. Pretty good! Jan 11, Spring rated it it was ok. It did motivate me to immediately make 2 changes to my finances so maybe it deserves a third star.
19 Wise Money Quotes
Very easy read Duguay hits a perfect balance between stories of how real college-age people are dealing with these issues and the concrete advice that's needed. Her book distills the financial planning insight her company gives to its clients. Von Tobel herself is a millennial who started her company in her 20s, and her book is snappy, accessible, and full of relatable anecdotes, like why a fire in her friend's home made her forever an advocate of renters' insurance. In " Rich Habits ," he outlines his findings.
Habits take a while to build, and the earlier you start, the better. If factors as simple as regular exercise and calling friends on their birthdays can increase your chances of attaining wealth, what have you got to lose? In " The Investment Answer ," Goldie and Murray provide a general guide to investing by focusing on five decisions every investor has to make.
These include whether to invest alone or with a professional; how to allocate among stocks, bonds, and cash; and when to sell or buy assets. There are plenty of other good investing books for those that want to get their hands dirty, but for anybody who doesn't, this is the book to read. Bogle, founder of the Vanguard Group and creator of the world's first index fund, explains why these relatively straightforward vehicles can be so effective — and warns against investment fads and fashions.
Buffett read the first edition of Bogle's investing manual at age 19, and if it worked for him, it could work for you.
See a Problem?
The Nobel-winning behavioral economist takes readers on a tour of the mind and explains the two systems that drive the way we think — one fast and emotional, the other slow and logical — offering practical insights into how we make choices in both our business and our personal lives. Bach delivers a practical, straight-forward guide to financial security that starts and ends with the maxim: "Pay yourself first.
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Bach emphasizes the importance of using automated payroll deductions to avoid the temptation of using savings to pay today's bills. This New York Times bestseller offers young adults a crash course in personal finance in a very readable manner. Financial Independence is the experience of having enough — and then some.
The old notion of Financial Independence as being rich forever is not achievable. Enough is. Enough for you may be different from enough from you neighbor— but it will be a figure that is real for you and within your reach. If someone thrust a gun in your ribs and said that sentence, what would you do? Most of us would turn over our wallets. The threat works because we value our lives more than we value our money. Or do we?
Eventually we may have all the comforts and even luxuries we could ever want, but inertia itself keeps us locked into the nine-to-five pattern. If the daily grind were making us happy, the irritations and inconveniences would be a small price to pay. Our levels of debt and our lack of savings make the nine-to-five routine mandatory. In a sample of over people, from both the United States and Canada, the average happiness score was consistently between 2. If this were just a private hell it would be tragedy enough.
Our affluent lifestyles are having an increasingly devastating effect on our planet. We project onto money the capacity to fulfil our fantasies, allay our fears, soothe our pain and send us soaring to the heights.
In fact, we meet most of our needs, wants and desires through money. We no longer live life, we consume it. We have come to believe, deeply, that it is our right to consume.
If we have the money, we can buy whatever we want, whether or not we need it, use it or even enjoy it. We have taken our right to consume to heart, and perhaps placed it above other rights, privileges and duties of a free society. At the same time, between the ads, our televisions, radios and newspapers are reporting the bad news about the environment. Product packaging is clogging the landfills. Product manufacturing is polluting the groundwater, deforesting the Amazon, fouling the rivers, lowering the water table, depleting the ozone layer and changing the weather.
Transforming our relationship with money and reevaluating our spending activity could put us and the planet back on track. There is a word that provides the basis for transforming your relationship with money. Enough for our survival. Enough comforts. Enough is a wide and stable plateau.
A Beginner's Guide: Build Wealth and Get Rich
It is a place of alertness, creativity and freedom. From this place, being suffocated under a mountain of clutter that must be stored, cleaned, moved, gotten rid of and paid for on time. You may not see this effect until you have been following the steps for a number of months. Conscientiously applying all the steps automatically make your personal finances an integrated whole. The purpose of this exercise is to increase your awareness. It serves to locate you in time and space and review your earning and spending activity in the past.
A: How much have you earned in your life? Find out your total lifetime earnings — the sum total of your gross income, from the first cent you ever earned to your most recent pay check. This step is one of the foundation stones of the program. Since accuracy and accountability are called for in every step of the program, starting out impeccably is a good example to live up to. Not only that, but doing this step impeccably may even get you a better job with better pay. So check again.
Have you really done this step with integrity.