Welcome to Personal Finance Insider, a biweekly newsletter that connects you with the stories, strategies, and tips you need to be better with money.
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 nonfiction.
Picking up a nonfiction book is one of the most cost-effective ways to mentally download a ton of information about a particular topic. And there’s no shortage of books about my favorite topic of all: personal finance.
I’ve read dozens of books about 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 an entirely new understanding of my relationship to 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 use money to shape my ideal life. He brings in lessons from other disciplines — history, neuroscience, and philosophy — to illustrate how everything in life is connected to money and how we can use that to our advantage.
- Morgan Housel’s “The Psychology of Money” implored me to think about how we behave as investors, savers, and earners. He takes what we assume to be true about money and turns it inside out. I’m always game for new perspective.
- Rachel Rodgers’ “We Should All Be Millionaires” is a new book, released this past spring, that had me hooked from the introduction. Rodgers’ financial ambition is infectious, plus her ideas are inventive and totally actionable. 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 published in 2009 and updated a decade later. In addition to really helpful 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’s always relevant.
—Tanza Loudenback, Personal Finance Insider correspondent and certified financial planner
P.S. My time at Insider is coming to a close — it’s been a pleasure sharing my money musings with you over the past year. Going forward, senior editor of Personal Finance Insider Stephanie Hallett will be authoring this newsletter.
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Join the Master Your Money Bootcamp
In our first two Master Your Money Bootcamps of the year, we got organized — and then we used that mental space to start dreaming big and crunching the numbers. Now we’re taking action.
Our third Master Your Money Bootcamp: Make a plan, presented by Fidelity, is a month-long challenge broken down 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 figuring out whether you could benefit from professional help.
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Stories you might have missed
5 strategies an entrepreneur used to go from making $41,000 a year to being a multimillionaire in her 30s
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 it made it hard for me to save, but my new system is helping me save thousands more every year
Insider contributor Katherine McLaughlin set up two separate
for spending after realizing that just because she was “good” with money didn’t mean she had a good relationship with it.
I travel the US full-time on $90,000 a year by following a few smart money rules
Angie Colee, a confidence coach who works with entrepreneurs, has been Airbnb hopping while working for the last 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 an extra $2,500 in 2021
If you’re looking for ways to bulk up your savings account before year’s end, here are some simple ideas that worked for Insider contributor Jen Glantz.
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