Bobbi reveals her favorite new money related books for financial grownups, and how to decide if they are right for you. This month’s picks include Becoming Super Woman: A Simple 12-Step Plan to Go from Burnout to Balance by Nicole Lapin. Money for the Rest of Us: 10 Questions to Master Successful Investing by David Stein, and Pay off Your Debt for Good: 21 Days to Change Your Relationship with Money & Improve Your Sending Habits So You Can Get Out of Debt Fast by Jen Smith.
Book #1: Becoming Super Woman: A Simple 12-Step Plan to Go from Burnout to Balance by Nicole Lapin
Here’s what I liked about it:
-If you look at Nicole’s social media and the content she puts out- she looks like the total perfect person you and I will never be. This book gets real about what’s going on behind the scenes. It's a book about burnout from someone who not only has been totally burned out, but who admitted to being so burned out while writing the book about burnout that she delayed the books release.
-while there is definitely the familiar take care of yourself vibe, Nicole gives extremely specific things you can do - including worksheets and exercises, to actually fix the problems and streamline your life. And some are super easy to do - but we just don’t seem to think of doing them- at least I don’t. Things as simple as deleting apps that waste time. Why not, It’s not like they won’t have you back. Remove the temptation. There’s a ton of simple obvious but not obvious stuff that will literally make you feel a weight off your shoulders.
-She flips the switch on a lot of things we buy into. For example: don’t just have a to do list- have a done list so you can appreciate your progress. And I loved this Mark Twain quote she included- “never put off until tomorrow what you can do the day after tomorrow.” Because seriously, the world will not end if you don’t do it all.
Who is this book for?
Besides this being an excellent book for you if you are feeling burned out- It’s also a book that your hyper over achievers friends could probably use- on the outside, but who you worry don’t know when to stop themselves. Rather than a direct intervention- gifting a book can be a subtle hint that you are worried they aren’t taking enough care of themselves. So on that note a great holiday gift book.
Book #2: Money for the Rest of Us: 10 Questions to Master Successful Investing by David Stein
Here’s what I liked about the book:
-David is a natural teacher but his style is inviting and accepting. He doesn’t keep it super simple- but he invites you to re-read chapters when the material is dense. This is not a page turner, and not a book you can read while multi-tasking- and because of that you will learn a lot from it. Stein will literally make you smarter.
-The book speaks to all levels of investing- it is simple enough for beginners- who are willing to really focus. But the concepts are sometimes sophisticated which is something many mainstream books are lacking.
-David makes great use of storytelling, which can help bring complicated concepts to life and resonate with readers.
Who is this book for?
The book largely summarizes a lot of the concepts that fans of his podcast are already familiar with- but the written format and the way it is organized adds a new dimension.
David is just really good at taking complicated topics and making making them accessible. A lot of books out there rehash the same lessons we’ve all heard- this book simply operates at a higher level, and the reader will literally know more about investing and be able to apply those lessons to their long term financial plans.
Book #3: Pay off Your Debt for Good: 21 Days to Change Your Relationship with Money & Improve Your Sending Habits So You Can Get Out of Debt Fast by Jen Smith.
Here’s what I liked about it:
-The focus of the book is on habits. There’s no quick fix here but there are proven strategies that are realistic.
-Jen is sunshine on a cloudy day. Jen has a positivity about her that shines in her writing and can really motivate people in what is really an often depressing situation. Jen has herself paid off a mountain of debt 78-thousand dollars in jus 23 months- so she doesn’t judge- and her experience and empathy come through
-This book is part of an ecosystem so there is complimentary support everywhere you turn, from the blog, to the email newsletter you can sign up for and of course the podcast. You feel like you are part of a community with a great cheerleader.
Who is this book right for:
This is a book that is designed to solve a problem: debt. So if you have debt, this is for you.
If you are part of the debt free community- or are working on what has come to be known as the FIRE movement- that stands for Financial Independence Retire Early- you are 100% the target audience here and you will love this book. That said, who can’t benefit from some no bs talk about getting rid of debt- or making sure you don’t get into debt.
Episode Links:
Blinkist - The app I’m loving right now. Please use our link to support the show and get a free trial.
Nicole Lapin’s Financial Grownup episode + Get your copy of Becoming Super Woman: A Simple 12-Step Plan to Go from Burnout to Balance
David Stein’s Financial Grownup episode + Get your copy of Money for the Rest of Us: 10 Questions to Master Successful Investing
Jen Smith’s Financial Grownup episode + Get your copy of Pay off Your Debt for Good: 21 Days to Change Your Relationship with Money & Improve Your Sending Habits So You Can Get Out of Debt Fast
Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.
David Stein shares a sneak peak of the investing strategies from his new book, including how to differentiate between investing, speculating and gambling. He also discusses why you need to know who is on the other side of a trade, and the key factors that will make an investment profitable.
3 Best Investing Tips
Know if a financial opportunity is investing, speculating or gambling
Know who is on the other side of the trade
Know what it takes to be successful
Episode Links:
Blinkist - The app I’m loving right now. Please use our link to support the show and get a free trial.
David’s website - moneyfortherestofus.com
David’s book Money For The Rest Of Us
Follow David!
Instagram - @moneyfortherestofus
Facebook - @moneyfortherestofus
Twitter - @jdstein
YouTube - @MoneyFortheRestofUs
Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.
Bobbi reveals her favorite new money related books, and how to decide if they are right for you. This month’s picks include The House Hacking Strategy: How to use your Home to Achieve Financial Freedom by Craig Curelop, Your Turn: Careers, Kids and Comebacks by Jennifer Gefsky and Stacey Delo, Retirement Reality Check: How to Spend Your Money and Still Leave an Amazing Legacy by Josh Jalinski and ZenBender: A Decade-Long Enthusiastic Quest to Fix Everything (That was Never Broken) by Stephanie Krikorian.
Book #1: The House Hacking Strategy: How to use your Home to Achieve Financial Freedom by Craig Curelop.
Here’s what I liked about it:
-The book has a ton of very specific case studies- including that of the author.
-The under the radar red flags for choosing tenants. Things you would not think about.
-How to successfully invest in areas that are NOT distressed.
Who is this book for?
Everyone interested in actually house hacking but also those of us who are just curious how it all works. I was extremely skeptical, and honestly, some people over leverage in my opinion. But there is a real formula and method to success and Craig does a great job explaining it. This makes GREAT cocktail party chatter as they say.. I thought it was well worth the time I invested, even though I do not plan on investing in real estate using the house hacking strategy.
Book #2: Your Turn: Careers, Kids and Comebacks by Jennifer Gefsky and Stacey Delo.
Here’s what I liked about the book:
-If we are being honest- it spoke to me, and to most of my friends. This is a book about how to keep that career going- even if you hit pause.
-While there is a positive tone, it is not the usual rah rah blah blah blah you go girl stuff. This is realistic and because of that both empowers and challenges the reader to take ownership of the fact that making it happen has to come from them
-The book doesn’t just speak to the parents wanting to make a career comeback- it also speaks to the employers who want these great resources back at work.
Who is this book for?
The authors have targeted working moms- so that’s clear. This is also a book that men should read- and not just dads who may face similar challenges coming back into full time work. I mean the men who worked with the women earlier in their careers and will get re-introduced to them when they return to their jobs.
Book #3: Josh Jalinksi’s Retirement Reality Check: How to Spend your Money and Still Leave an Amazing Legacy.
What I like about this:
-Josh talks about tools that aren’t always super mainstream these days- including annuities and whole life. Not for everyone- but they are for some people and we all should have a sense of what they are so we can make the decision that is right for us.
-Josh strikes a nice balance between focusing on living the life we want, and also wanting to leave something for those who come after us. Passing wealth on to family members is something many people also care about that isn’t often addressed in books aimed at one’s own retirement.
-Josh’s gregarious personality comes through making this tough topic a lot more pleasant to learn about
Who is this book right for:
Anyone who wants to retire comfortably, and wants a roadmap that wants a fresh perspective - including some controversial options.
Bonus Book: Stephanie Krikorian’s Zenbender: A Decade-Long Enthusiastic Quest to Fix Everything (That was Never Broken).
What I loved about this book:
-So much of the time we think we are the only ones experiencing but in fact many others like Stephanie are having similar life experiences- from insecurity, to weight and career battles, to questions about where you are in life, relationships and of course, adulting.
-This book may be non fiction but it is a page turner as if it were the fiction book you just need to tell someone about asap so they can be in on it too.
-Stephanie has amazing money tips and life insights- from just using one pump of shampoo to save money- to the admission that yes, in her words “I’m built to spa”. Stephanie knows who she is, and she will help you figure out- or admit- you you are too!
Episode Links:
Blinkist - The app I’m loving right now. Please use our link to support the show and get a free trial.
Craig Curelop’s Financial Grownup episode + Get your copy of The House Hacking Strategy: How to use your Home to Achieve Financial Freedom
Jennifer Gefsky and Stacey Delo’s Financial Grownup episode + Get your copy of Your Turn: Careers, Kids and Comebacks
Josh Jalinksi’s Financial Grownup episode + Get your copy of Retirement Reality Check: How to Spend your Money and Still Leave an Amazing Legacy
Stephanie Krikorian’s Financial Grownup episode + Get your copy of Zenbender: A Decade-Long Enthusiastic Quest to Fix Everything (That was Never Broken)
Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.
Bobbi reveals her favorite new money related books, and how to decide if they are right for you. This month’s picks include The Startup Squad by Brian Weisfeld and Nicole Kear, Grown and Flown: How to support your teen, stay close as a family and raise independent adults which is by Mary Dell Harrington and Lisa Heffernan, And then finally The Essential First-Time Home Buyers book: How to buy a house, Get a Mortgage and Close a Real Estate deal by Judy Dutton and Realtor.com editors.
Some ground rules:
There will be only positive comments. Because why waste your time telling you about something I don’t think is worth your time.
Also - we limit our selections to books written by authors that appear on the podcast. In most cases they will have already appeared- so you can then go back and listen to their episode if you want to learn more. Occasionally, the episode will be in the future - so hopefully you will subscribe so you don’t miss it.
Here are 3 books I truly enjoyed in the past month!
Book #1
The Startup Squad - which is aimed at kids but I will tell you it hits on themes and lessons many adults in business will truly benefit from.
Here’s what I liked about it:
Don’t be fooled by the illustration on the cover or the fact that this is about a lemonade stand. This is a sophisticated book disguised as a kids book. The book covers a lot of territory.
They get into extreme detail- for example: the cost of ingredients, pricing strategy and profit margin, organization and planning ahead, design and branding, the importance of selecting the right location to attract target customers- and of course how to figure out who your target customers are in the first place.
The book addresses the more human issues associated with a business- including dealing with imposter syndrome, competition, and interpersonal relationships among team members.
Who is this book for?
This book is of course great for kids but I strongly recommend it for aspiring entrepreneurs. It covers all the bases. I also recommend parents read it and then discuss with their kids. Investors will also benefit because they can learn more about how to identify a business that is setting itself up for success, and the skillset to look for in founders. There are so many layered nuances to this book that it really creates a framework for understanding exactly what goes into a successful startup. I loved this this book and am thrilled it is the first in a series.
Book #2
Moving on the the next life stage- the teenage years. Here we have Grown and Flown: How to support your teen, stay close as a family and raise independent adults which is by Mary Dell Harrington and Lisa Heffernan,who are the founders of the #1 website for parents of teens and young adults. People magazine named them 2 of 25 women changing the world.
Here’s what I liked about it:
While there are endless resources for new parents, the information overload thins out substantially as kids get older. But in this age of extended childhood and delayed adulthood, we all need more guidance
While the authors have a lot of great advice, the book’s heart and depth comes from it’s broad sourcing of contributors. You feel like you have an army of advisors bringing you information you were either looking for- didn’t know you needed.
They go there. Topics include the expected on family life and happiness, college admissions and academics. But they also tackle, love, sex and the ultimate taboo- mental health.. and yes even money. For example: in the chapter on college admissions, the authors point out the importance of understanding the financial costs- the sticker price, meaning the listed tuition, is not the whole story- or even close. Financial aid letters can be misleading And to make sure you understand the average number of years it takes a student to graduate- it is not always four. An example of the advice: Don’t let a small price differential keep you from choosing the school that is the best fit - but that debt also matters a lot and needs to be factored in.
Who is this book for?
Primarily it is for parents of kids ages 15 -25- the teenage and college years. But as the parent of a 12 year old- I can say it’s never too early to learn about these years and if anything it will make you appreciate the simpler times of younger kids.
Book #3
The third book I am recommending this month is The Essential First-Time Home Buyers book: How to buy a house, Get a Mortgage and Close a Real Estate Deal
Here’s what I liked about it:
It is to the point. This book is going to get you the information you need, and is a great compliment to the realtor.com website- it is self contained and an easy shortcut for first time homeowners.
It has fun and fascinating (and sometimes reality check) trivia. Did you know: the average in state move costs $2300? Moving out of state averages $4300!
It cuts through the BS with recurring “myths” like the the fact that a new home doesn’t need to be inspected- or that you can’t buy a home if you have bad credit- even a score under 600. . The editors also tell you the truth that a human often won’t. For example: did you know that your appraiser works for the lender- not you. My favorite: 5 things never to say at a real estate closing.
Who is this book for?
Clearly people who are buying their first home. It’s a small book and you can literally carry it with you when you look at homes rather than fumble to look stuff up on your phone. But also current home owners can benefit- as can renters - because in the end every time we decide to rent or stay in our home- that is a decision made that should be done in comparison to the benefits or drawbacks of owning a home. This book lays out what you need to know- so that you can be deliberate in your decision whether or not to buy a home or upgrade or downsize to a new home
Episode Links:
Blinkist - The app I’m loving right now. Please use our link to support the show and get a free trial.
Brian Weisfeld’s Financial Grownup episode + Get your copy of The Startup Squad
Mary Dell’s Financial Grownup episode + Get your copy of Grown and Flown: How to support your teen, stay close as a family and raise independent adults
Judy Dutton’s Financial Grownup episode + Get your copy of The Essential First-Time Home Buyers book: How to buy a house, Get a Mortgage and Close a Real Estate Deal
Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.
Bobbi reveals her favorite new money related books, and how to decide if they are right for you. This month’s picks include “Mom and Dad We Need to Talk. How to Have Essential Conversations with Your Parents About Their Finances” by Cameron Huddleston, “Clever Girl Finance: Ditch Debt, Save Money, and Build Real Wealth” by Bola Sokunbi and “Agent of Influence How to use Spy Skills to Sell Anything and Build a Successful Business” by Jason Hanson”
Some ground rules:
There will be only positive comments. Because why waste your time telling you about something I don’t think is worth your time.
Also - we limit our selections to books written by authors that appear on the podcast. In most cases they will have already appeared- so you can then go back and listen to their episode if you want to learn more. Occasionally, the episode will be in the future - so hopefully you will subscribe so you don’t miss it.
Here are 3 books I truly enjoyed in the past month!
Book #1
This book holds a special place in my heart- I have known the author, Cameron Huddleston for a few years and I feel like I had a front row seat seeing how this book evolved based on her own extremely intense personal experience. After years of hard work the book was finally released on June 25th and It is called “Mom and Dad we need to talk. How to have Essential conversations with your parents about their Finances.” And I was honored that Cameron asked me to write a blurb for the back cover so be sure to check that out if you pick up the book.
Here’s what I liked about it:
This is one of those taboo topics- that should not be but is. It’s like when they say people are more comfortable talking about sex than about money, This is kind of the ultimate taboo and as I have said, it is one that I personally struggle with.
She has specific solutions in the book if you like me, just don’t want to deal with this. One chapter (8 if you want to know) is literally called A step by step approach to a successful conversation. Which include things that should be obvious but aren’t: like listening without bias and write down everything. And for those of you asking to yourself - what if it doesn’t work- she even has a chapter for what do to if you at first don’t succeed.
The very end of the book has a long and specific list of additional resources that will save you a ton of time..
Who is this book for?
It is for everyone with parents, or any older relatives or friend they either have financial ties to or could possibly have to care for in the future.
Book #2
Clever Girl Finance: Ditch Debt, Save Money and Build Real Wealth by Bola Sokunbi.
Bola has developed a huge following because of her incredible story of saving $100,000 in 3 years after college and is an advocate for women’s financial independence. She is a certified financial educator and has a podcast and has been featured in several media outlets including Money Magazine and ABC News. This book is an extension of her popular website “Clever Girl Finance”
Here’s what I liked about it:
Bola admits to her own money mistakes. Like the time she celebrated that 100,000 savings by spending thousands on a Chanel bag.. and then more handbags. This actually happened. You can listen to it on the episode I did with Bola last year. We’ll link to it in the show notes.. but we’ve all had that moment. If not with money- then something else like celebrating weight loss- by eating something that was NOT on the eating plan. She’s right there with us and gets how hard it is.
She includes real world examples through case studies and interviews with women who have come back from severe debt to financial freedom and the opportunities that the success has provided. The stories are motivating and inspiring.
Speaking of inspiring- I love the inspirational quotes Bola includes: some are from big names like Oprah Winfrey’s quote “Surround yourself only with people who are going to lift you higher” and some are from Bola directly and hit the mark including “knowing where you stand financially will help you make plans for where you want to go”.
Who is this book for?
It is aimed at a beginner audience but is a great refresher for those who are already on the path to financial independence. While in theory it is aimed at women, there’s really not much in this book that is limited to women or that excludes men so I would say to the men in the audience not to let the title keep you from checking out the book if it looks interesting.
Book #3
Agent of Influence. How to use spy skills to persuade anyone, sell anything and build a successful business and it is by former CIA officer Jason Hanson.. founder of Spy Escape and Evasion. He is also the author of the NYTIMES best seller Spy Secrets that can save your life. The basic premise of the book is that spy skills are also business skills
Here’s what I liked about it:
The book has techniques that I had never heard of that a lot of very sophisticated people, especially in sales, probably have used on me very effectively. You feel like you are being let into a secret club where everyone knows things you don’t and now you are finally getting in on the secrets to how things really work.
Many of the specific skills taught in the book can translate into ways to be more successful in getting what you want in life, not just getting a sale or a deal. For example, Jason teaches readers how to get information from a conversation by looking at what is being communicated outside of the actual words. How to analyze facial expression, gestures, posture, eye contact, tone of voice, proximity and physical touch, and even the pace of their breathing. Things I never thought about but that really do tell a lot about what’s really going on. Using that extra information can give you an edge.
Almost as a case study, Jason shares his behind the scenes experience on Shark Tank and how he spent a ton of time researching the sharks, learning who would be the best fit, and how he would reel in this shark- in this case Daymond John- whom he wanted to work with for a very specific reason which he explains in the book. It really takes it to another level. I also research people heavily before big meetings and it has served me well.
Who is this book for?
This is a book for ambitious people who are willing to put in the work. Because all of Jason’s great ideas don’t just happen without putting in direct and thoughtful preparation. But they are innovative and they are things most of us will now know so they are well worth your time if you want to invest in yourself.
Episode Links:
Blinkist - The app I’m loving right now. Please use our link to support the show and get a free trial.
Cameron Huddleston’s Financial Grownup episode + Get your copy of Mom and Dad We Need To Talk
Bola Sokunbi’s Financial Grownup episode + her Financial Grownup Guide episode + Get your copy of Clever Girl Finance
Jason Hanson’s Financial Grownup episode + Get your copy of Agent of Influence
Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.
Bobbi reveals her favorite new money related books, and how to decide if they are right for you. This month’s picks include “Take the Leap” by Sara Bliss, “The Remix” by Lindsey Pollak, ”Limitless” by Laura Gassner Otting and “The Wealth Creator’s Playbook” by John Christianson
Some ground rules:
There will be only positive comments. Because why waste your time telling you about something I don’t think is worth your time.
Also - we limit our selections to books written by authors that appear on the podcast. In most cases they will have already appeared- so you can then go back and listen to their episode if you want to learn more. Occasionally, the episode will be in the future - so hopefully you will subscribe so you don’t miss it.
Here are 4 books I truly enjoyed in the past month!
Book #1
Let’s start with Take the Leap. Change Your Career, Change Your Life by Sara Bliss. The book focuses on stories of people who left a career they were pretty settled in.. and well took the leap into something very very different. Taking the term career pivots to the extreme- more like pirouette’s.. And I love that the stories are told in a very short format- you can dip in and just read one in about 5 minutes and then come back to the book and be drawn to another- individual lite stories combined to make an in-depth resource.
Here’s what I liked about it:
Her Mantra: Begin Anyhow. Because there is always going to be a reason not to start to move towards a new career. so begin anyhow.
While the book is as you would expect cheerful, upbeat and inspiring it is also extremely specific and detailed about the hard work and sacrifice often involved. Want to go from Wall Street to wine making? You may not need to but the person profiled went way downscale for a year to learn his craft before he actually started the career change. No magic pills here.
She is totally transparent about the money focus. 70 percent of those profiled make more in their new and happier careers- so this isn’t about working for the love of the work- it is very much about finding ways to get paid more by disrupting your ideas about how to sell your skills.
Who is this book for?
I’m tempted to say people unhappy with their careers but that’s not enough. To really get the most out of Take the Leap you have to be dreaming of something better and self aware enough to understand the work involved.
Book #2
The Remix. How to lead and succeed in the Multigenerational Workplace by my friend multi-generational expert Lindsey Pollak.
Did you know that there are 5 generations now in the workplace? The book’s title refers to the idea that at parties when a DJ wants to get everyone excited to dance- he plays a remix because the younger guests know the new song but it is also familiar to the older guests.. and next thing you know the dance floor is packed.
Here’s what I liked about it:
Lindsey gives very easy to do things that can bring us all together. Like if workers feel displaced because of not having a permanent desk or office anymore- she presents solutions such as personalizing the things we bring with us everywhere like our computers. And Lindsey reframes the way we think about popular workplace concepts- instead of work/life balance. It is work life integration.
She recommends apps that also make it easier to implement her strategies. Like feedback apps to keep a continuous conversation going because some generations want feedback a lot more often than one annual review.
The original research that Lindsey has done is what really sets this book apart. While she absolutely does interview the top thought leaders in the industry, and presents a ton of data, The Remix is full of information that we have not read elsewhere because it is her original content.. from misperceptions about remote work, to the reality of whether ping pong tables and free lunch really work to retain employees in a tight job market.
Who is this book for?
This book is for people who want a big picture look at the changes in the workplace in the last decade or so -along with specific solutions that they can implement in their own day to day work environment to just enjoy the time more and learn from other generations.
Book #3
Book #3 is by Laura Gassner Otting and it is called Limitless. How to Ignore everybody, Carve Your own path and Live your Best life
This book is a bit woo woo self help book but in a good and literal way- trust me. It focuses on 4 functional elements to help us break through external and internal limits.
Here’s what I liked about it:
It doesn’t so much tell you what you need to change in your life to be happy- rather, limitless focuses more on How you can figure it out for yourself. because we are all different and there isn’t a one size fits all. It gives you the framework. It’s up to each of us to determine our own personal version of success
As much as there is a cheerleader tone to this- it is balanced out by tough love. For example, being busy is not the same as getting results. So we need to have some honesty there- and that is something I personally have been struggling with recently.
She is candid about her challenges as a mompreneur. The author started her company with a 6 week old child. Why? Because that’s when an opportunity for a first client fell into her lap- so she seized the opportunity- and I think that is a great point- the best opportunities don’t always come when we are ready- but we can become ready very fast when they do come- often when we have the least amount of time.
Who is this book for?
People who need someone to tell motivate them to achieve their potential. It’s like those of us who know we should eat healthy but need someone to write out the menu. Or want to work out but need a trainer to get us to the gym. Laura knows how to say things in a way that gets rid of the excuses and helps the reader get things done.
Book #4
The Wealth Creator’s playbook- a guide to maximizing your return on life and money by John Christianson.
This is not a beginner investment book- and it speaks to a very specific demographic if we are being honest. People who have money and consider themselves wealth creators. So just go in knowing that.
Here’s what I liked about it:
The author is not afraid to be honest about who his audience is and therefore comes across as uniquely authentic- he isn’t talking down- he is talking with a very specific segment of the population who don’t want to simply settle for being wealthy- but are looking for a more fulfilling life regardless of their bank account.
It’s kind a of now what for people that have acquired a certain degree of financial success.. and really calls onus to evaluate why we spend such a high percentage of our time and effort focusing on the accumulation of wealth, and how our identity changes once we have it.
While it is, as they say, a first world problem, the Wealth Creators Playbook does address the challenges that come with wealth including the isolation, relationship challenges, spiritual aspects of dealing with money.
Who is this book for?
The book is clearly aimed at those who have accumulated money but are looking for guidance in dealing with the changes it has brought on- including assessing their values, how they deal with their kids and money, and the best way to be generous with their wealth.
Episode Links:
Blinkist - The app I’m loving right now. Please use our link to support the show and get a free trial.
Sara Bliss’ Financial Grownup episode + Get your copy of Take The Leap
Lindsey Pollak’s Financial Grownup episode + Get your copy of The Remix
Laura Gassner Otting’s Financial Grownup episode + Get your copy of Limitless
John Christianson’s Financial Grownup episode + Get your copy of The Wealth Creator’s Playbook
Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.
Episode 200!
Bobbi shares 20 quick and easy ways to be a little more Financial Grownup some of her hopes for the podcast as the show grows up.
Bobbi: This is a surreal episode. We are celebrating number 200 - and I want to first thank everyone for your support. The DM’s that you send me mean so much- as do reviews so just thank you and I hope I keep delivering value to all of you. Please be in touch and keep letting me know what you like and what you want to hear more of.. and I will do my best to deliver. So for this special episode I kind of wanted to do something fun directly with you guys,
20 quick and easy Financial Grownup tips
Organize your closet to know what you own and be able to find it when you want to use it. Full disclosure I’m in the process. When we moved into our apartment- oh a decade ago- stuff got put away. and we all know how that goes. We are dong a major re-org and I’m working up to actually spending money on a closet system. There’s always something more important- right? I’ll keep you posted and leave links in the show notes for resources. But knowing what you have will keep you from spending on things you.. already have. And if we are being honest- unless you are that really organized person we all aspire to be- it probably has happened.
Donate or sell clothing you have not worn for two years- or choose your own time frame but no a decade is not acceptable and yes I have clothing that is a decade old. So i’m on it too. Let’s face it- we all have stuff that we know was a mistake-buy. I give myself a 5 out of 10 on this one. There’s more room to go on this. Make sure to get a receipt in case you end up deducting donations on your taxes
Go on that trip. Modify it to fit your budget but to not put off your life until you feel you are a “grownup”. I had a hard time last year going to Iceland. It’s expensive. So we went for just 4 nights. Don’t sit home not living your life. That’s definitely not grownup.
Decide on purpose if you are buying or renting for the next 5 years. In other words have a plan.. and play out the scenario of how your finances are impacted by that decision. Write it down and maybe discuss with someone you feel comfortable talking money with.
Make sure your side hustles actually accomplish a goal. If it’s money- make sure you are making enough to justify the time. If it’s for fun- make sure you really are having fun. Don’t side hustle just because its a thing
Plan meals. This is on my aspiration list which is really bad. We eat at home but it’s a lot of same same same. And because we live within a block of several groceries including whole foods- I’m not organized with shopping and often need to run across the street for that one missing ingredient as I’m cooking dinner in the evening. Not grownup. We can all do better.
Understand your paycheck. Go through each line and look up what it is. Just so you know. If you already did your 2018 taxes (we filed for an extension) go through each line there so you understand the tax pain points under the new tax law. You may make different choices if for example, something you used to deduct no longer is.
Clean out your computer and create digital systems. I’ve been working on this and it is already making a difference in my general productivity not just in my business but with life in general. Also my computer runs better when it’s cleaned out. Pro-tip: if it is really bad- drag everything onto a hard drive- wipe it clean- and then only load on the stuff you miss. You might want a professional to supervise.
On that note, create mail systems. I use sane later and I’ve been mostly happy with it to sort e-mail.There is still a lot of room for improvement because sometimes it is too aggressive and puts emails from unknown senders (like a potential client) into spam. Feel free to send me tips on organizing my email better.
Follow brands you like on social to get discounts. For example: we were ordering in last week, I went to twitter, got a discount code, and instantly saved money
Read the news. Grownups know what is going on around them- politics is important because it is often the politicians decisions that impact our finances- hello new tax law. Be aware of what is up to date- and by the way that includes things like financially relevant supreme court decisions, and trade war developments. Those can directly impact everything from what things cost to buy, to the job market.
Create a financial slush fund to support your friends charities and causes. Like it or not, as we grow up, we get asked to support friends and actually co-workers causes. Sometimes you even get ambushed when you least expect it- I remember being with my husband at a work related party hosted by someone senior to him at the firm. His 12 year old son hit us up for a donation to his boy scout troop. We had no choice but to give. Multiply that time losing count and that’s what you will start to get. And the truth is that example aside, you want to give. So start to budget for it. And it is more than ok to give $25 even $10. It’s the support that counts.
Focus on being really nice to anyone you deal with in customer service. You can usually get better service and sometimes a better deal. You can even ask nicely if there are any coupons or discounts available. They often are and if you are that nice person, they usually choose to tell you.
Read the directions to things you buy and invest the time to really learn how to work them- not just muddle by. This is an aspiration for me. I often rush to use products without really learning to use them. Even my iPhone. I can do the basic stuff but I haven’t invested the time for example, to learn how to take the best photos, or shortcuts that I know are out there. Every time I go to an apple store I learn just from those slide shows they have showing little iPhone tips. So Note to Self- take the time to learn more about the things that I already own - like the iPhone- can do.
Read more books. Books make you smarter. They just do. I try to segment 45 minutes before bed to devote to reading books.That often goes to books of authors that are going to be on the show. I also listen to books on audio when I’m walking around or taking public transportation. And as our regulars know- I use Blinkist to get the best summaries of books I have aspired to read but haven’t gotten to. Done is better than perfect and Blinkist gives me the intel I want to get from the books in the most efficient way. I do audio but you can also get it with just text- and on any device including Kindle. As some of you know, I love Blinkist so much I partnered with them- so if you want to check it out- please use my link for a free trial and to support the show.
Install web extensions like honey , rakuten and ebates so you get cash back when you buy things
Sell things you aren’t using for money- and buy used things when they are just commodity items. And yes you can buy refurbished.
Unsubscribe. In your email and also with almost everything you do- then add back in the things you miss. They will always take you back. and you sometimes get a better deal for requesting to cancel.
Be smart about outsourcing. It may make sense to have someone do things for you if they can do it more efficiently and free up your time to do things that either make more money than that person costs you, or if you can afford it, frees you up to have more fun. Just because you CAN do something doesn’t mean you should, or that you are the best one for the job. Financial Grownup has a great editor- even though technically I know how to edit, Steve does a better job and it is not the best use of my time. Same goes for a lot of my social media. Ashley, my wonderful assistant, is more efficient at it than I am. What should you be outsourcing?
Look up from your screen and talk to someone IRL. You could even call someone instead of emailing, texting or messaging via social media. And focus on listening- something I’m definitely always trying to get better at. You never know what kind of business opportunity- or even friendship- could come from just paying better attention to the world around us.
Before we wrap- a quick note about the show. If you listened to the April Fools show- but not until the end. It was April Fools. The show is continuing. I do have a lot going on but this show is a labor of love, so I have no plans to stop. That said, my goal for the next couple hundred is to focus on expanding the show and yes- monetizing it. I have two people that help put the show together- Steve Stewart and Ashley Wall and they need to get paid, as do I. So- while the show will remain free- I do ask that you understand that we will be having sponsors on the show. Rather than shortchange you on the editorial content, the sponsors may at times make the show a little longer. And that’s ok. I have an amazing lineup of guests for the summer that I can’t wait to bring to you- so thanks to all of you for being financial grownups with me.
Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.
The best new money books for Financial Grownups.
May 2019 Edition.
Once a month we feature a handful of books by authors that have appeared on the financial grownup podcast and share with you some of the reasons I chose to have the authors on the show. My promise is to be candid about how you can decide if the book is the best selection for your time and goals. For example, Dig your Heels in by Joan Kuhl. While it has the most amazing strategies for staying in the corporate workforce, if you are in full startup mode or already feeling pretty solid in your entrepreneurial ventures, it maybe not the best investment of your reading time.
Some ground rules:
There will be only positive comments. Because why waste your time telling you about something I don’t think is worth your time.
Also - we limit our selections to books written by authors that appear on the podcast. In most cases they will have already appeared- so you can then go back and listen to their episode if you want to learn more. Occasionally, the episode will be in the future - so hopefully you will subscribe so you don’t miss it.
Here are 3 books (+ a bonus book) I truly enjoyed in the past month!
Book #1
Let’s start with the one with one that is by Erin Lowry, whose brand “Broke Millennial’ no longer applies to her- and actually for those who follow her- never really did if we are being honest. She’s always been pretty money conscious.
Here are three things I liked about her new book Broke Millennial takes on Investing. A beginner’s guide to leveling up your money.
There is no attitude. Erin takes ownership of the fact that her readers literally may know nothing about investing and will take her explanations down to the most basic level. The things we all pretend to know because we think we should. So for example, when she explains what asset allocation is, she uses the term risk tolerance but then takes the time to explain what that is.
She owns the fact that she is the writer- and not always the expert- so she seeks out experts including Jen Barrett from Acorns, Certified Financial Planner Doug Boneparth and Jill Schlesinger- the latter two have been on this podcast- and yes we’ll have links to them and their books in the shownotes as well.
And finally- Erin gets personal about the financial grownup lessons she learned from her parents- and very specific. For example, her dad declared at age 24 that he wanted to be a millionaire by age 40. Did he? You probably guessed correctly but read the book to confirm.
Who should read this book:
Anyone who hears about investing and is curious but doesn’t know where to start, as well as beginners who want to get a better handle on what they are doing, and a little validation along the way.
Book #2.
Dig Your Heels In. Navigate Corporate BS and Build the Company You Deserve by Joan Kuhl.
This is just what it sounds like- it’s about finding a way to stay in a corporate job when you really want to tell them to go to you know where.
Here’s what I liked about it:
Her strategist are specific and laid out for the reader- but there is also no bs that you have to do the work. For example, she talks about different ways to achieve goals. And is honest that you have to figure out who has the power to get you to that goal. But you have to do the work to seek out those people and find a way to get them to advocate for you. There are solutions here but no easy fix. She’s just being honest.
There are some big revelations that I had no idea about- things like how opportunities and promotions are really decided behind closed doors that you think you know but you don’t. Like pre-gaming for reviews. Read the book. Joan has secrets.
She did a lot of legwork and has interviewed an unbelievable number of high level women and men so there is propriety research in this book. Specific first person stories of how the most successful people make it work and yes, dig their heels in.
Who should read this book?
I’m going to say both genders, but the truth is Kuhl is speaking primarily to women.. in large part because more women quit the corporate workforce in droves to deal with the demands of family- and these days they often start their own thing. But for women who would like to find a way to work things out, this is the best thing ever. As I said when Joan was on the podcast, I wish I had this book when I was at Thomson Reuters as a tv anchor and trying to balance my family life.
Book #3:
An Economist Walks into a Brothel and other Unexpected Places to Understand Risk by economist Allison Schrager who is also with Quartz.
Here’s what I liked about it:
If we are being honest, the title. I mean- I love that Allison Schrager had the guts to just put it out there there is definitely a shock value to this book.
The fascinating different stories illustrating risk and reward in industries from surfing to paparazzi to the movie business.. and of course the brother. You learn economics- but you also learn a lot of behind the scenes dirt about these very cool niche businesses.
The author has a real point of view. She takes a stand. For examples, Schrager gives us permission- and justification to NOT take risks that don’t make sense. “Taking more risk than necessary is inefficient.”
Who is this book for?
People whose eyes glaze over when someone starts talking economics and risk. In a way- It’s for the nerds that haven’t yet come to terms with their nerdiness.. we’re turned off by insider jargon and boring explanations- but secretly really do want to know all the data- just in a really fun and accessible way. This book is story telling at it’s finest.
Bonus Book (because technically it is not a money book):
Travel Anywhere and Avoid Being a Tourist by financial grownup guest Pavia Rosati and her Fathom co-founder Jeralyn Gerba
The authors met as editors at Daily Candy and then later teamed up to launch the travel platform Fathom. It is an editorial website and so much more. You can find digital guides- as well as help planning your travel through their concierge service which I have personally used and loved when I went to Iceland.
Here’s what I liked about the book:
I love it for all the reasons you should not read it on a kindle! This is just a beautiful book to just experience. Stunning photos and a beautiful layout and sharp focused writing.
There are actual money saving tips - like hostels where you feel like you are staying at a boutique hotel, and a nice little travel hacks section with tips like how much to invest in a top of the line suitcase, what to check on your data plan before you go and knowing your auto insurance coverage in advance. Doing these things can potentially save you a ton of money.
The Digital Nomads chapter. Because although in theory we talk a lot about shutting off all the electronics when we travel, sometimes it’s just really nice not to be judged when we choose not to. Put another way- what if you get to travel because your work is portable- not everyone with a laptop on a beach is a slave to their job- it could be quite the opposite.
Who is this book for:
People that already travel a lot and are looking for fresh perspectives, and those who want to travel but just don’t know where to get started.I personally can feel overwhelmed and so fearful of making a mistake that I can’t even get started. And of course it’s great If you just want to look at beautiful pictures and learn about all the world has to offer- even if it’s not on your calendar in the immediate future. This book can just be for the love of relaxing with a special book. I’m not giving away my copy any time soon.
Episode Links:
Blinkist - The app I’m loving right now. Please use our link to support the show and get a free trial.
Erin Lowry’s Financial Grownup episode + Get your copy of Broke Millennial takes on Investing
Joan Kuhl’s Financial Grownup episode + Get your copy of Dig Your Heels In
Allison Schrager’s Financial Grownup episode + Get your copy of An Economist Walks into a Brothel
Pavia Rosati’s Financial Grownup episode + Get your copy of Travel Anywhere and Avoid Being a Tourist
Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.
Bobbi reveals her favorite new money books of the month, why she loves them and how to know if they are right for you. This month’s picks include The Dumb Things Smart People Do With Their Money. Thirteen Ways to Right Your Financial Wrongs by CBS News Business Analyst and Certified Financial Planner Jill Schlesinger, Startup Money Made Easy: The Inc. Guide to Every Financial Question About Starting, Running and Grownup Your Business by Inc magazine Editor at Large Maria Aspan and Work Optional: Retire Early the Non-Penny Pinching Way by Our Next Life blogger and podcaster Tanja Hester.
Here are 3 money books that I truly enjoyed
The Dumb Things Smart People Do with their Money. Thirteen Ways to Right Your Financial Wrongs by CBS News Business Analyst and Certified Financial Planner Jill Schlesinger
Startup Money Made Easy: The Inc. Guide to Every Financial Question About Starting, Running and Grownup Your Business by Inc Magazine Editor at Large Maria Aspan
Work Optional: Retire Early the Non-Penny Pinching Way by blogger and podcaster Tanja Hester
Be sure to listen to the episode to learn if the book is for you!
Episode Links:
Jill's website - Jill on Money
Maria's website - Maria Aspan
Tanja's website - Our Next Life
Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.
Bobbi reveals her favorite new money books, and how to know if they are right for you. This month’s picks include The 30-day Money Cleanse by Ashley Feinstein Gerstley, Financial Freedom by Grant Sabatier and A Very Public Offering by Stephan Paternot.
Here are 3 money books that I truly enjoyed
The Money Cleanse by Ashley Gerstley
Financial Freedom by Grant Sabatier
A Very Public Offering by Stephan Paternot
Be sure to listen to the episode to learn if the book is for you or not
Episode Links:
Ashley's website - The Fiscal Femme
Grant's website - Millennial Money
Stephan's website - Slated
Here are 3 must read money books that I truly enjoyed. All three authors have been on the Financial Grownup podcast. #Authors #MoneyBooks #Money
Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.
When financial advisor, podcast host and author Linda P Jones started trying to build wealth- she was not happy with the investment returns she was getting. So she hit the books and the lessons she learned added up to a $2 million bank account by age 39.
In Linda's money story you will learn:
Exactly how your ability to become a wealth heiress is already within you- and how you can make it a reality.
The book her father gave her that changed her mindset as a young child
Exactly how to emulate the strategy she has used of finding role models and learning their steps to success.
How she made $2 million by the age of 39
In Linda’s money lesson you will learn:
Why saving can be detrimental to building wealth.
The most important indicator to watch when you are investing.
In Linda's everyday money tip you will learn:
Why she focuses more on what she does with her money than how much she makes.
In My Take you will learn:
The one thing you can do to make sure you don't hold yourself back, even if you are in a job that seems hopeless.
The benefits of doing an end-of-year assessment of where your money actually is
Episode Links:
Check out Linda's website - www.lindapjones.com
Link to her book on Amazon - You're Already a Wealth Heiress
Linda's Be Wealthy and Smart podcast
Link to Tony Robbins book Awaken the Giant Within
Link to Think and Grow Rich
Follow Linda!
Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission at no extra cost to you. All opinions remain my own.