Prepare yourself. I read two books in the matter of two weeks in August! I thought it would be fun to do book reviews because I enjoyed both of them.
First off... All the Money in the World by Laura Vanderkam
I found this book after Heather of Dietician on the Run recommended it recently.
It is definitely NOT your typical "this is how you should save/invest to get rich" type of finance book. Vanderkam discusses 'What the happiest people know about getting and spending,' as the subtitle says.
One of my favorite quotes from the book was "Sometimes we have to take risks, and sometimes we should invest in things that matter." This is relevant to many of us who are still fairly early in our careers.
Overall, my favorite aspect of the book was the way she talked about enjoying the small things you value daily/weekly/monthly - a cup of coffee or a latte (daily or weekly), going out to the movies, buying a pair of $14 running socks.
While some financial gurus might say to save your cash and not buy the lattes, rent videos via Netflix (over going to the theater) and buy only affordable socks, Vanderkam believes that if these things bring you such great pleasure, then their small price is worth it. In the long run, is saving $300 on lattes per year going to make you rich? Probably not.
Rather than saving on some of the little pleasures in life, is it possible there are areas where we can earn more to reach our financial goals? For example, how much are you saving monthly for retirement? How long do you plan to work? What kind of car/house do you have?
The nice thing about this book is that Vanderkam doesn't offer a step by step guide to having all the money in the world, but offers lots of ideas and challenges your current thinking on wealth.
Do you have a favorite financial book or reference?
The second book review is to come.
P.S. Jess LC is closing her shop. Use code: FINALFINALSALE to get 25% off your purchase. On my personal wish list is the neon pink bauble necklace with a mint ribbon.