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4 books that changed my relationship with money

4 books that changed my relationship with money

Welcome to Personal Finance Insider, a weekly newsletter that connects you with stories, strategies and tips you need to be better with money.

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Rachel Mendelson / Insider


Here’s what: Books I’m currently obsessed with

I’m a book lover. You can find me reading no less than three books at any given time. Usually one is a novel and the other two are non-fiction.

Downloading a non-fiction book is one of the most cost effective ways to mentally download lots of information on a particular topic. And there is no shortage of books on my favorite subject: personal finance.

I have 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 four books with you 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 insights that inspire me to think about how I can spend money to shape my ideal life. He draws lessons from other disciplines – history, neuroscience and philosophy – to illustrate how everything in life is connected with money and how we can use it to our advantage.
  • Morgan Housel’s “The Psychology of Money” encouraged me to think about how we behave as investors, savers, and wage earners. He takes what we assume to be true about money, and turns them upside down. I always love new perspectives.
  • Rachel Rodgers’ “We Should All Be Millionaires” is a new book released this spring that got me hooked from the introduction. Rodger’s financial ambition is contagious, plus her ideas are inventive and completely applicable. This book has 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 released in 2009 and updated a decade later. In addition to really useful beginner investing and money management advice, Sethi introduces the concept of building a “Rich Life” for yourself and how to identify and get over your money hangups. It is always relevant.

Happy reading!

—Tanza Loudenback, Personal Finance Insider correspondent and certified financial planner

PS My time at Insider is coming to an end – it’s been a pleasure sharing my money with me over the last year. Going forward, Senior Finance Insider editor Stephanie Hallett will be writing this newsletter.


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Join Master Your Money Bootcamp

In the first two Master Your Money Bootcamps of the year, we were organized – and then we used the mental space to start dreaming big and crushing the numbers. Now we take action.

Our third Master Your Money Bootcamp: Make a Plan, presented by Fidelity, is a month-long challenge divided into simple, one-week exercises. We will guide you through tasks that include finding the right accounts for your goals, opening those accounts, setting up an automated system and finding out if you can benefit from professional help.

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Stories you may have missed

5 Strategies An Entrepreneur Used To Go From Making $ 41,000 A Year To Being A Multimillionaire In Your 30s

This is a foretaste of the inspirational advice you will 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 made it hard for me to save, but my new system helps me save thousands more each year

Insider contributor Katherine McLaughlin created two separate ones

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for having spent after realizing that just because she was “good” with money did not mean she had a good relationship with it.

I travel the United States full time for $ 90,000 a year by following a few smart money rules

Angie Colee, a trust coach who works with entrepreneurs, has been an Airbnb jumper while working for the past nine months. She explains the financial moves she made to take the leap and how she keeps it going.

5 challenges I did with my husband to save $ 2,500 extra in 2021

If you’re looking for ways to massage your savings account before the end of the year, here are some simple ideas that worked for Insider contributor Jen Glantz.

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