All in Financial Books

Book Review & Notes: Broke Millennial - Get Your Financial Life Together

You, right now, have a choice: you can let money control and define your life or you can control it. - Erin Lowry, Broke Millennial

This month’s book is Broke Millennial by Erin Lowry. You can read more about Erin on her blog, brokemillenial.com.

The title of the book can peg it as a book specifically for Millennials, but I disagree and encourage you to pick it up if you are looking to up your financial knowledge no matter what age you are. It’s not a book on investing or retirement, which I think makes it better. It’s a comprehensive on the basics of money mindset, credit, student loans and debt. The content in this book provides a good foundation for better money management and eventual wealth creation.

Book Review & Notes: The Power of Zero - How to Get To the 0% Tax Bracket

Social Security was never intended to be a retirement program. It was merely insurance against living too long.

This month’s book review and notes are from The Power of Zero - How to Get To the 0% Tax Bracket and Transform Your Retirement. Learn more about David McKnight over davidmcknight.com and listen to his podcast via YouTube. Fitting since we are just about to close out tax season. Perhaps, the lessons in this book will change the way you manage your money to be more tax efficient now and always.

Book Summary: The Little Book of Common Sense Investing

“The two greatest enemies of the equity fund investor are expenses and emotions.”

In honor of the passing of John C. Bogle, found of Vanguard and father of index funds, I picked up the updated edition of his book “The Little Book of Common Sense Investing.” I’ve heard of this book before, but never got around to picking it up. It’s a worthwhile book to read especially for those new to investing or those that need a refresher on the value of investing.

Book Review & Notes: Financial Freedom by Grant Sabatier of Millennial Money

When the opportunity to sign-up to preview Grant Sabatier’s new book Financial Freedom: A Proven Path to All the Money You Will Ever Need came up, I jumped at the chance and am so glad I did. It is jam packed with actionable insights. More importantly, it gives you a blueprint of how to achieve Financial Independence early on. There’s also an important question that Grant addresses “Why do you want to retire early?” Retirement while your fully financial independent is all about options and its all about choices.

Book Notes: Financially Stupid People Are Everywhere (4 Rules to Follow to Be Financially Smart)

“They sit mesmerized before advertising campaigns telling them to buy trifles they don’t need using debt they can’t repay.”

In “Financially Stupid People are Everywhere: Don’t Be One of Them,” Jason Kelly opens your eyes to the debt driven world we live in and what you’re up against in society.  He posits the only way to truly safeguard your own well being is to look after yourself. Provide security and ensure your freedom by following the 4 financial rules that will keep you from being financially stupid.

The Four Tendencies and Personal Finance: How to Motivate Yourself to Take Action Towards Financial Independence

“It’s been freeing to focus on what works for me rather than what’s wrong with me.” 

I just recently finished reading Gretchen Rubin’s The Four Tendencies. In the Four Tendencies, Gretchen Rubin, outlines four different personality types based on how each one deals with inner and outer expectations: Upholder, Obliger, Questioner and Rebel. By understanding our Tendency, we can harness that to find our own internal and external motivations.

4 Books to Help You Talk to Your Kids About Money

Talking to kids about money does not make money hungry kids.

I’ve been doing a lot of reflection lately about where I first started to learn about money and how best to talk to others about money. I’ve also been doing a fair amount of research and found a few books I thought were worth mentioning if you are a parent or an adult that is looking for ways to talk about money to your kids or your students. The reality is that the money conversation should start at home. It think it is the responsibility of the parent to expose kids about money concepts, otherwise, media and peers will create money influences that may lead to a distorted money mindset later on.

Book Notes: The Energy of Money

Life is hard when you don’t do what you truly value because you are putting all your energy into trying to get rid of your fears rather than into materializing your dreams.

You can dream about money, you can tell the universe you want money, but if you don't take any action towards it, it will never materialize. All of the people in our lives have instilled upon us THEIR beliefs about money. Our past circumstances may have dictated where we are now in life, but at this moment in time, we have the power to change that. All it takes is purposeful action. 

We will look at what times in the context of The Energy of Money by Dr. Nemeth.

Book Summary: Your Money Or Your Life

"Waste lies in not in the number of possessions, but in the failure to enjoy them."

I had the chance to pick up Your Money or Your Life by Vicki Robin and Joe Dominguez. They are thought to be the ones that coined the term "FIRE" A writer from a FI group in NYC brought the book and passed it around. It didn't click to me that this was the book. I had it on my reading list and bumped it up so that I could review it earlier. I'm so surprised I hadn't come across it earlier in all of my reading, but here we are and it seems like everything about the FI concept is falling into place for me.