If all things money and finance overwhelm you but you need to get your finances in order – start here.
Pairs With: Dove Chocolate Squares. The cute little ones with obnoxious inspirational quotes.
Overview
You’re So Money by Farnoosh Torabi is for anyone who needs to get their finances in order but is intimidated and overwhelmed by all things money & finance. If you need an introductory education on all things money and finance – start here.
What’s a 401(k) or Roth IRA? Do I need to think about Life Insurance? What about Renters Insurance or is that just a scam? Stonks… I mean Stocks – what are dividends, ETF’s, PE Ratios, or Mutual Funds??
Torabi provides just enough insight on each topic to help the reader feel empowered and not overwhelmed with information. She makes sure to provide resources where the reader can find additional information on each topic if they want to dive in deeper.
Since the book was published in 2008, some of the topics are a little outdated (hello texting limits, I haven’t missed you). However, most of the information is still relevant today.
If you’re looking to learn more about how you can be smarter with your money on any of the topics listed below – You’re So Money is a great place to start.
- 401(k)’s and IRA’s
- Debt – either credit card or student loan
- Credit Scores – what really goes into calculating them?
- Shopping – what worth a splurge and where to save
- Stocks – EPS, dividends, mutual funds, bonds, index funds, ETF’s, etc.
- Mortgages – ya know, the word meaning death pledge
- Rent – renters insurance, subleasing
- Cars – new vs. old, car insurance, sales tax/registration fees, and when to get the best deals
- Socializing – how to save $ when out with friends and without being a stick in the mud
- Marriage/Relationships – when do you cosign with someone?
- Healthcare – dental, vision, and life insurance
- Ideas on how to ‘find’ more $
So Money Podcast
If you’re looking for more after this book, Farnoosh Torabi also has a great financial podcast called So Money where she answers listeners’ questions and interviews impressive guests.
My favorite part of the podcast used to be when she would ask the guest about their earliest money memory. It’s fascinating to learn what people’s first impressions of money were.
My earliest money memory was from around 5 years old. I remember charging my dad interest on money he asked to borrow from me. I didn’t even know what interest was but I was out there charging it! The best part is he’d always pay the interest too. ?
Conclusion
This is a great book to start with if you’re beginning your financial education. Torabi provides an explanation on many areas of personal finance in an easy-to-understand manner. She uses real-world examples that help the reader grasp complex topics even more. I have had this book for over 10 years and still use it as a reference. ♥️
Tell us! Have you read this one? What’s your favorite personal finance book? But what we’d all love to hear is what’s your earliest money memory??
