Reading List to Improve Your Financial IQ
When you have the chance to relax with a good book, it might not be your first instinct to reach for a personal finance title. But we’ve got some recommendations for your reading list that just might change that.
These books are enjoyable to read while also offering lots of practical tips and real-world examples on budgeting, saving, debt payoff and other topics that can help you take your finances to the next level. We call that a win-win.
You Need A Budget by Jesse Mecham
If you’re living life paycheck to paycheck, then you may not realize all that your money can do for you. An easy read with short chapters, this bestseller outlines four simple tools that introduce a flexible system of budgeting – focusing on the money you have right now.
I Will Teach You to Be Rich (2nd edition) by Ramit Sethi
Sethi outlines a six-week program for rebooting your finances by focusing on the big expenses in your life, how to reduce these costs, pay off debt and start investing in your future. The author believes in small steps and progress over perfection in managing money.
Nudge: Improving Decisions About Health, Wealth, and Happiness by Cass Sunstein and Richard Thaler
This book focuses on the “nudge theory,” or the idea that your thoughts and decisions are based on small, simple changes that can produce big results in behavioral patterns. The authors identify nudge strategies that can gradually shift you toward more financially constructive actions.
The Proximity Principle by Ken Coleman
Life is too short to work in a job you don’t love. The Proximity Principle is a straightforward strategy that will help you land the job you love and earn more from it by building real connections beyond traditional networking. Coleman believes change requires effort and lays out a plan for taking the first step.
Your Money or Your Life by Joe Dominguez and Vicki Robin
Most people burn tremendous time and energy earning money but then spend it on things that are not in line with the life they want to live. Dominguez and Robin offer an approach that may lead to a more sustainable life by sharing the relationship between waking hours worked and the things we buy.
Financial Influencers
You can also learn more about money management as you scroll. If you like to learn from social media influencers, then we have a few sites for you to explore.
Check out the Nav.it blog that shares its top 2023 financial influencers. These influencers use their platforms (on TikTok and beyond) to educate through their own experiences. They are community leaders and trailblazers with the mission to help others develop healthy financial habits.
https://blog.navitmoney.com/best-fin-fluencers-to-follow-in-2023/
Ellevest has created an online financial company described as “by women for women.” It has a list of services and a newsletter that shares news, and career and financial advice.
As You Like It
Learning more about money and your finances is empowering. These are good resources for self-help, jump-starting you to do something different or confirm that you’re on the right track.
For additional help with your personal or business finances, visit a Key banker today.