I Will Teach You to Be Rich | Ramit Sethi

I am a fan of personal finance books and I do like to read this kind of books that I found in the best seller list of Amazon. This time, the list brought me the book: "I Will Teach You to Be Rich, Second Edition: No Guilt. No Excuses. No B.S." This New York Times and Wall Street Journal Bestseller is written by Ramit Sethi.

There were some generic recommendations which do not fit to the realities of today, at least for my country Turkiye. Anyway, it is a good piece of work who want to have a mindset about where to start for personal finance. Let's continue with my highlights from the book:

People love to argue minor points, partially because they feel it absolves them from actually having to do anything. You know what? Let the fools debate the details. I decided to learn about money by taking small steps to manage my own spending. Just as you don’t have to be a certified nutritionist to lose weight or an automotive engineer to drive a car, you don’t have to know everything about personal finance to be rich. I’ll repeat myself: You don’t have to be an expert to get rich. You do have to know how to cut through all the information and get started—which, incidentally, also helps reduce the guilt.

Investing early is the best thing you can do.

The best time to start investing was ten years ago. The second best time is today.

The Psychology of Money | Morgan Housel

When you read the title of the book, you might guess that it is only about money and maybe business, but it is about life. With the real time stories shared by Morgan Housel, this book makes stories meaningful and let you know more about personal finance, investment, wealth creation and living a better life.

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money―investing, personal finance, and business decisions―is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

Get Good with Money | Tiffany Aliche

Get Good with Money is a book of a ten-step plan for finding peace, safety, and harmony with your money—no matter how big or small your goals and no matter how rocky the market might be—by the inspiring and savvy “Budgetnista” Tiffany Aliche.

Tiffany Aliche was a successful pre-school teacher with a healthy nest egg when a recession and advice from a shady advisor put her out of a job and into a huge financial hole. As she began to chart the path to her own financial rescue, the outline of her ten-step formula for attaining both financial security and peace of mind began to take shape. These principles have now helped more than one million women worldwide save and pay off millions in debt, and begin planning for a richer life.

Introduction

Budgetnista: My dad sat me down and I had my very first, purposeful, conscious money talk. I learned that things cost money and that the choices I make have a direct impact on my quality of life. In other words, there is no such thing as a small financial choice. We each must learn how to weigh our short-term desires against our long-term goals. The question is, will you choose water or ice cream?

I had a condo I no longer lived in and a problematic tenant. I owed massive debt. I had no job and no savings, and I lived at home. My parents, although awesome, were super strict (I had a curfew even though I was almost thirty). And my youngest sister, Lisa, was staying in my high school bedroom suite in the basement, so I was relegated to my middle-school bed, in what was now my mother’s second closet/guest room. And I was still single. Big surprise. I lived this way for two years. I didn’t go out. I avoided my friends and stopped picking up the phone when my money ran out and the bill collectors started calling. Ultimately, the bank would foreclose on my condo.