8 Finance Books Distilled into 50 Words or Less
We get it: Casually picking up a finance book to pore over at your leisure on the weekend isn’t necessarily your idea of a good time. But there are quite a few pearls of wisdom to be gained (not to mention dollars to be saved) if you plough through. That’s why we cherry-picked the most genius takeaways from eight of our go-to finance books. Read on.
Financially Fearless: The Learnvest Program for Taking Control of Your Money by Alexa von Tobel
The Takeaway: Perfect for budgeting beginners, Von Tobel swears by the perfect-for-budgeting-
You Are a Badass at Making Money: Master the Mindset of Wealth by Jen Sincero
The Takeaway: If you’re afraid to talk about money, not even the best financial counselor in the world could help you double your cash. What will help is getting specific: What are your spending goals? How much do they cost? How will you feel when you achieve them? (The details matter.)
Make Your Kid a Money Genius (Even If You’re Not) by Beth Kobliner
The Takeaway: Attention parents: You don’t have to be good at math to be good with money. The little things (like delayed gratification and teaching kids how to set aside cash for spending, saving and giving) are the best indicators that your kids will fare better financially as adults.
What Your Financial Advisor Isn’t Telling You By Liz Davidson
The Takeaway: Employee perk alert: Financial wellness programs (basically, complimentary money coaching) are becoming a popular benefit offered by employers. Don’t have one? Davidson breaks it down: a 401(k) match, FSA, free legal services and more could be money you’re leaving on the table. (Her road map: Talk to HR.)
Money, A Love Story by Kate Northrup
The Takeaway: Like it or not, money is one of the most meaningful relationships of our lives. But things we value often don’t line up with how we spend. Kate’s advice: Put the “oxygen mask” on yourself first. (Be honest—with others and yourself—about purchases that are sabotaging your goals.)
Women and Money by Suze Orman
The Takeaway: This one’s a road map to financial security in the form of a five-month “save yourself” plan. Suze boils down the most important to-dos for long-term security: Fix your FICO score (yep, it’s possible), set up dedicated checking and saving accounts and actually write a will.
The Total Money Makeover by Dave Ramsey
The Takeaway: According to Dave, all debt is bad. (He says keeping up with the Joneses is what gets us there in the first place.) His approach: Set a budget, handle late bills hurting your credit, then set aside $1,000 in emergency savings. From there, he’s all about the snowball approach.
You’re So Money by Farnoosh Torabi
The Takeaway: Money requires prioritizing. That’s why Farnoosh recommends handling needs (taxes, retirement, housing, food) before debt. But after those bases are covered, she’s all about smart investments, like moving money to an online bank. Oh, and this sage advice: If you aren’t 100 percent sure you need it, skip it.