So I recently finished my third book via the ‘personal/professional development board game’.
The book was ‘The Financial Diet: A Total Beginner’s Guide to Getting Good with Money’ by Chelsea Fagan & Lauren Ver Hage.
So while this is a book about finances and money–it doesn’t go serious in-depth on topics (with the one exception of what one should have in the kitchen for cooking at home), but does give good advice.
What I really liked about the book was the advice that you can/could/should try to mold to your personal life. They don’t tell you that you have to be investing in stocks and bonds, or that you should be buying a house. They acknowledge that everyone is at a different point with different circumstances when they pick up the book–but the advice given within can be ‘molded’ to fit your circumstances if you want it to.
I highlighted several phrase throughout the book as some of my key ‘take-away messages’ and they included:
To stay financially sane–you should create a collage of strategies that work for you.
Strive to find multiple streams of fulfillment, challenges, and incomes
We’re CEOs of our own lives, every hour accounted for and compensated according to our personal standards of wealth and happiness
Judge your career and success (financial and otherwise) on you and you alone. If you aren’t happy, change something.
I would have to say that I’m still trying to figure out what my multiple/collage of strategies is going to look like. Currently there is the savings account with the ’emergency fund’ (but that is starting to dwindle–so I really need to start figuring out how to diversify my income); I have a small retirement account (but I’m not currently adding to it), and a checking account (that will dwindle as the month goes on and bills are paid).
I would also have to say that I’m working on trying to find that ‘right’ mixture of fulfillment, challenges, and income; there are ideas bouncing around in my head–I just need to get them on paper and then actually ‘start’ working on them.
I’m also trying to figure out what my personal standards of wealth and happiness are as well (I’ve spent too many years just going with the flow and ‘bouncing’ via other people’s ideas on the two topics).
I also found the authors’ four DYFDs (Don’t You F*cking Dares), nine big tips, and their ‘starter kit for happiness’ to be helpful as well in terms of acknowledging where I’m at in terms of my finances or questions that I need to contemplate to figure out various budge issues.
I can safely say that currently I’m guilty of three of the four DYFDs currently (but working on getting better at them); I’m guilty of not following five of their nine tips, and I’m slowly working through/brainstorming/planning via their ‘starter kit for happiness’.
Money is one thing that no one really wants to talk about–but it is one thing that everyone needs to make it in today’s society.
While I may not currently know what my long-term financial plan looks like, I am slowly working on determining those plans, as they are one of the cornerstones for any future plans.
I recommend this book to anyone who is either struggling with his or her finances or just wanting an easy ‘finance’ book to read.
Five out of five stars
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