All tagged book summary

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 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.

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.