Money Honey: A Simple 7-Step Guide for Getting Your Financial $hit Together
by: Rachel Richards (0)
**UPDATED SEPTEMBER 2020, now including a foreword by Paula Pant of Afford Anything!**
Adulting is hard, especially when it comes to money management⊠but it doesnât have to be.
What if one book could dramatically change the way you think about money? What if you could finally do the things you know you should be doing but havenât yet, like creating a budget, paying down debt, and investing in the stock market? What if you could finally learn about finance without your eyes glazing over?
In Money Honey: A Simple 7-Step Guide for Getting Your Financial $hit Together, bestselling author and former financial advisor Rachel Richards achieves the impossible by bringing humor and sass to the dreaded subject of personal finance. An avid investor and business owner, Rachel talks straight about how to attain financial freedom.
Youâll find no shortage of valuable nuggets in this tough-love guide that will teach you how to:
- Double your income and halve your expenses
- Consolidate your student loans and lower your interest rate
- Get a bombproof credit score
- Open a brokerage account and make a trade so that you can start investing in the stock market
- Allocate your money between debt payoff, short-term savings, and retirement
- âŠand lots more!
You will also learn:
- Rachelâs 7-step process for getting your financial $hit together
- The 4-Bucket Savings Strategy
- The answers to 12Â of the most commonly-asked finance questions
- The 4 Golden Rules for Investing
PLUS, youâll also get free instant access to Rachelâs budgeting and net worth worksheets to boost your money management efforts.
Applicable in 2020 and beyond, Money Honey is perfect for beginners. Get this book as a birthday gift, Christmas present, or graduation gift for the struggling millennial or young adult in your life⊠or better yet, treat yourself!
If youâre ready to whip your finances into shape and have fun while doing so, this book is for you.
So take the next step in your journey to financial freedom by clicking the âBuy Nowâ button at the top of the page!
The Quotes
Bucket #1 is Emergency Savings. Bucket #2 is Medium-Term Savings: one year or less. Bucket #3 is Long-Term Savings: greater than one year but before retirement. Bucket #4 is Retirement Savings.
Get started right now by listing out ten specific ways you can make more and ten specific ways you can spend less. Circle your favorite two in each category and get on it.
Bottom line: when you are comparing interest rates offered by different banks, you always want to compare the APY since it accounts for differing compounding schedules.
âThe Motley Fool Investment Guide for Teens: 8 Steps to Having More Than Your Parents Ever Dreamed Of.â
The Reviews
Finance always overwhelmed me. There's so many long, boring books out there that tell you so much and you don't really finish it with any actionable moves.This is the opposite!!!! This awesome book is easy and fun to read, with lessons on everything you need to get your financial crap together and have a prosperous future. It's very straight to the point. You learn something useful on every page- dead serious.I finally (Yes, finally!!!) have a plan to start saving and investing in my future and am sooooo optimistic. This is probably the best 10-15 bucks I've ever spent.I'm telling you the clarity you gain from reading this is crazy!!! I highly recommend to anyone in their 20s!!!!Thank you for taking the time to write this great book Rachel!!!
Buyer and readers beware: this is a poor book. Terrible writing + horrible formatting = money wasted (consider the irony). She references Montly's Fools Guides To Finance and reader, go buy that instead (its a few dollars cheaper and much more useful.) Maybe there's information to be gathered but it was thrown together so sloppy and the writer never expands on any ideas. You could get more out of just reading the index of any finance book out there. This book reads like a high school child's rushed essay.And author, if you're reading this, please stop with the snark. The reader BOUGHT your book, there is no reason to constantly talk down to them with such condescending phrases. You should really consider scrapping this and working on short YouTube videos, considering you never really dissect topics, it could work better for you and probably make you more money. I'm definitely returning this.
This book is AMAZING!! For years I have been trying to figure out a better way to manage my money and in the first few chapters I have already learned so much. I can't wait to actually put these tips into use and start saving for my future!The way the book is written is easy to follow and understand, everything is explained extremely well and is very relatable. I would recommend this to my siblings in college, my friends, family and even my grandparents. I think anyone can relate to the suggestions and help given in this book.
I've read a few beginner financial books, but this is hands down my favorite. I, embarrassingly, actually have an MBA but they didn't teach anything about *personal* finance. I've been trying to learn about it for about two years because I know it's important, but my eyes just sort of glaze over and I don't retain anything. I didn't glaze over anything reading this book and it really got to the meat of what I needed to know in an entertaining way. I've recommended it to my little sister too. I will probably keep recommending it until she buys and reads it. I really can not recommend this book enough for anyone who knows they need to learn more about personal finance but was too intimidated or overwhelmed to start.
Finally!! Here's an "easy to understand" book that is *actually* easy to understand. You know that feeling when someone starts explaining something to you and your eyes are glazing over and your mind is wondering? There's none of that here. Everyday language and anecdotes draw you in, teach you what you thought was hopeless, and help you apply to your life! I thought I was doomed to never understand the stock market (I have tried for years, reading financial articles and books) and this book did what no other book or article could!!
Simply put... this book has changed my life. I am absolutely the person who needs an easy how-to on everything - not because I'm dumb - but because, lets face it, money management can be very overwhelming.Rachel takes all of that way. She is funny. She is direct. She is no nonsense, but also fun! She makes complete sense. But most importantly she makes this easy!I highly recommend for anyone who struggles to get off that month-to-month grind. But I also think this is perfect for high school and college-aged kids starting their credit and financial histories. I am seriously going to make this my go-to gift.Thank you Rachel for this incredible book! I'm hoping for a follow up!
This book is THE way to get your financial sh*t together! I usually find myself bored when reading stuff like this, because let's be honest, the subject matter isn't exactly thrilling. However, this book lays out all that you need to know about finances in an entertaining and fun way. I was instantly caught up in the book and within the first couple of chapters starting working on a budget for my family. This is the book that teaches you the stuff you probably should have learned in school, read it! You won't regret it!
What a great guide! It really feels like you have Rachel speaking some much needed money sense right next to you. So far the guide has helped me write down a budget within 10 mins of me reading and I have been avoiding budgets since '07. Great Job!
