welcome to Personal finance Insider, a bi-weekly bulletin that connects you with the stories, strategies and advice you need to better manage your money.
Here’s what: the books I’m currently obsessed with
I am a book lover. You can find me reading no less than three books at a time. Usually one is a novel and the other two are non-fiction.
One of the cheapest ways to mentally download a ton of information on a particular topic is picking up a non-fiction book. And there is no shortage of books on my favorite subject: personal finance.
I’ve read dozens of books on money, and many of them have been helpful in teaching me the basics – how to save, invest, and budget. But today I want to share with you four books that have given me a whole new understanding of my relationship with money. Here are my current obsessions:
Brian Portnoy’s “The Geometry of Wealth†is full of ideas that inspire me to think about how I can use money to shape my ideal life. It brings lessons from other disciplines – history, neuroscience, and philosophy – to illustrate how everything in life relates to money and how we can use it to our advantage.
Morgan Housel’s “The Psychology of Money†begged me to think about how we behave as investors, savers and employees. It takes what we assume to be true about money and turns it inside out. I am always ready for a new perspective.
“We Should All Be Millionaires” by Rachel Rodgers is a new book, released last spring, that got me hooked from the beginning. Rodgers’ financial ambition is contagious, and his ideas are inventive and fully actionable. This book reminded me to never sell myself short.
Ramit Sethi’s “I Will Teach You To Be Rich†has been a favorite for years. It was first published in 2009 and updated a decade later. In addition to very useful tips for newbies in investing and money management, Sethi introduces the concept of building a “rich life” for yourself and how to identify and overcome your money problems. It’s still relevant.
Good reading!
-Tanza Loudenback, Personal Finance Insider Correspondent and Certified Financial Planner
PS My time at Insider is coming to an end – it has been a pleasure to share my thoughts on money with you over the past year. Going forward, Personal Finance Insider Editor-in-Chief Stephanie Hallett will be writing this newsletter.
Initiated
Announcement: This startup wants to help you plan an easy retirement
After seeing too many people miss out on opportunities to maximize their retirement income, SmartAsset has developed a free tool that helps you find unbiased expert advice. If you’re ready to make smarter decisions about investing your 401 (k), maximizing your savings, and reducing taxes, SmartAsset’s tool can help you reach your financial goals. Learn more “
Disclaimer: SmartAsset is an Insider Affiliate Partner. We can earn money when you use our links. Learn more.
Join the Bootcamp Master Your Money
In our first two Master Your Money Bootcamps of the year, we organized ourselves – then we used that mental space to start dreaming big and figuring out the numbers. Now we are taking action.
Our third Bootcamp Master Your Money: Make a plan, presented by Fidelity, is a month-long challenge divided into simple one-week exercises. We’ll walk you through tasks that include finding the right accounts for your goals, opening those accounts, setting up an automated system, and determining if you could benefit from professional help.
You don’t even need to register. Check back here for a new workout every week, or jump in anytime and follow along Twitter, Facebook, LinkedIn and Instagram.
Stories you might have missed
5 strategies an entrepreneur used to go from $ 41,000 a year to a multimillionaire in his thirties
This is a taste of the inspiring advice you’ll find from Rachel Rodgers in “We Should All Be Millionaires,†one of the books I recommend at the top of this newsletter.
Extreme frugality was so stressful that it was hard for me to save money, but my new system is helping me save thousands more every year.
Insider contributor Katherine McLaughlin opened two separate spending checking accounts after realizing that just because she was “good” with the money doesn’t mean she had a good relationship with him.
I travel to the US full time on $ 90,000 per year following some smart money rules
Angie Colee, a trusted coach who works with entrepreneurs, hopped on Airbnb while working for the past nine months. She explains the financial measures she has taken to take the plunge and how she is maintaining it.
5 challenges I took on with my husband to save $ 2,500 more in 2021
If you’re looking for ways to increase your savings account before the end of the year, here are some simple ideas that worked for Insider contributor Jen Glantz.
Do you like this newsletter and would like to recommend it to a friend? Here is a registration link.
