4 books that changed my relationship with money

4 books that changed my relationship with money

Welcome to Personal Finance Insider, a bi-weekly newsletter connecting you to the stories, strategies and tips you need to start managing money better.

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Rachel Mendelson/Insider

Here’s what: Books I’m currently obsessed with

I’m a book lover. I read no fewer than three books at a time. Typically, one is fiction and the other two are non-fiction.

Picking up a non-fiction book is one of the most inexpensive ways to download a ton of information on a particular topic in your head. And there is no shortage of books on my absolute favorite topic, personal finance.

I’ve read dozens of books about money, and many of them have helped teach me the basics – how to save, invest, and budget. But today I want to share with you four books that gave me a whole new understanding of my relationship with money. Here are my current obsessions:

  • Brian Portnoy’s The Geometry of Wealth is full of insights that inspire me to think about how I can use money to create my ideal life. He brings lessons from other disciplines – history, neuroscience and philosophy – to illustrate how everything in life is related to money and how we can use that to our advantage.
  • Morgan Housel’s The Psychology of Money challenged me to think about how we behave as investors, savers, and earners. He takes what we believe to be true about money and turns it around. I’m always ready for new perspectives.
  • We Should All Be Millionaires by Rachel Rodgers is a new book that was published this past spring that captivated me from the introduction. Rodgers’ financial ambition is contagious, and her ideas are imaginative and totally doable. This book reminded me never to sell myself short.
  • Ramit Sethi’s “I Will Teach You To Be Rich” has been a favorite for years. It was first published in 2009 and updated a decade later. In addition to some really helpful beginner investing and money management advice, Sethi introduces the concept of how to build a “wealthy life” and how to identify and overcome your money problems. It’s always relevant.

Happy reading!

—Tanza Loudenback, Personal Finance Insider correspondent and certified financial planner

PS My time at Insider is coming to an end – it’s been a pleasure to share my thoughts on money with you over the past year. Going forward, Personal Finance Insider’s senior editor Stephanie Hallett will be writing this newsletter.

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Stories you may have missed

5 strategies used by a female entrepreneur in her 30s to go from making $41,000 a year to a multi-millionaire

This is a taste of Rachel Rodgers’ inspirational advice in We Should All Be Millionaires, one of the books I recommend at the top of this newsletter.

Extreme frugality was so stressful I had a hard time saving, but my new system is helping me save thousands more every year

Insider contributor Katherine McLaughlin set up two separate ones

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for spending, after realizing that just because she was “good” with money didn’t mean she had a good relationship with it.

I travel the US full time on $90,000 a year by following a few smart money rules

Angie Colee, a confidence coach who works with entrepreneurs, has been Airbnb hopping alongside work for the past nine months. She explains the financial steps she took to take the plunge and how she’s keeping it going.

5 challenges I did with my husband to save an extra $2,500 in 2021

If you’re looking for ways to increase your savings account before the end of the year, here are some simple ideas that have worked for Insider contributor Jen Glantz.

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