Frugal Friends Summer Book Club: 4 Personal Finance Reads – EP 306

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Summer is the perfect time to soak up some financial wisdom your way. Get ready for these HOT books to fill in your library this season! Tune in as we recommend personal finance reads to make the most of your summer and discover new things that will equip your finance in the coming seasons. 

We can’t shift or change behaviors until we understand some of the deeper roots of what it is.

Sponsors:

  • Frugal girl summer. This year it’s all about LAST year’s swimsuit, attending potlucks and free events, and not worrying about the latest fads and diets because WHO HAS TIME FOR THAT! It’s a frugal girl summer where we don’t worry about being hot as long as we have ice cubes in the cooler we got from the thrift store and cold water in our re-usable spray bottles to cool us down. Speaking of being cool, life insurance is cool. And if you need some assurance that your family, friends, and loved ones can keep enjoying their summers long after you’re gone then check out Ladder and their affordable life insurance plans at frugalfriendspodcast.com/Ladder.

Something Old[er than 5 years]

The Soul of Money: Transforming Your Relationship with Money and Life by Lynne Twist

Why we picked it:

It digs deep into our relationship with money and how it intersects with our lives, which we firmly believe in. We can only see real changes in the areas we want to improve in our finances if we look into ourselves. This is a great book to read with your partner, friend, or just those who have a great impact on your financial decisions.

Something New[er than 1 year]

Catching Up to Crypto: Your Guide to Bitcoin and the New Digital Economy by Ben Armstrong

Why we picked it:

Cryptocurrency is still new to us, but learning about it will come in handy as the world transitions and innovates new technology. This book gives a great overview of the new digital economy (cryptocurrency, bitcoin, and more). 

Something Borrowed [from our listeners]

Clever Girl Finance: The Side Hustle Guide: Build a Successful Side Hustle and Increase Your Income by Bola Sokunbi

Why we picked it:

We know how much you love hearing us talk about side hustles, so we went to the expert! The author gives fantastic and expert ways to achieve financial prosperity by leveraging a side hustle.

Something Blue

Money Made Easy: How to Budget, Pay Off Debt, and Save Money by Allison Baggerly

Why we picked it:

Because it’s a book written by Allison Baggerly, and we are her biggest fans! This book showcased tangible tips you can begin implementing right away. It is also an excellent book choice for those who are just starting to learn about personal finance.

Are there questions you ask yourself after finishing a book to reflect or better understand/absorb what you read?

Jen asks a lot of questions as she reads. For instance, she would ask, “Why is this happening?” or “Why is it here?” when she reads fictional books, prompting her to think critically about what may happen in the story. While for non-fiction books, Jen would ask herself about the one takeaway from the book she has read, which Jill also does.

On the other hand, Jill would question how she would describe or give a synopsis if someone were to ask her to talk about the book she had just read.

Bill of The Week

Thank you Acacia for sharing your bill about building financial health and working on negotiating!

Thanks so Much for Listening!

Thanks so much for listening! Many of you know we have a private community where we do monthly money challenges and offer accountability groups. We want to congratulate one of our members for a big win:

Freakin pets! Can't live with them, can't live without them.

I was paying $30-38 a month for pet insurance the last 5 years and didn't need it until last year for massive dental cleaning (and 7 teeth extracted 😳). My premium jumped up to $72 monthly!! I just called to renegotiate it a couple weeks ago. I got it back down to around $40 but limited the coverage.

Considered cancelling it altogether but was pretty sure something crazy would happen once I cancelled!

Congrats! Thanks for listening and if you want to check out our monthly challenge community head to frugalfriendspodcast.com/club to see what challenge we have coming up next.

Keep leaving us reviews on iTunes or Stitcher, and sending the screenshot to reviews@frugalfriendspodcast.com. And don’t forget to share your favorite quote from the episode by using the hashtag #FrugalFriendsNote. 😉

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