June: Millionaire Teacher

Millionaire Teacher
The Nine Rules of Wealth You Should Have Learned in School
Andrew Hallam

Obviously, being a former teacher, there is no chance I would pass up a book with the title Millionaire Teacher!

I was not disappointed.

I know a lot of people have a desire to invest in shares but have a road block because they don’t understand it or don’t have any clue as to where to start.

This book is your answer.

Millionaire Teacher is an excellent guide for learning about investing in shares. Andrew doesn’t try to teach you how to ‘beat the market’ or how to ‘pick the best shares’. This book teaches simple strategies for how to invest in the share market without having to be a financial expert. Andrew explains how the share market works and how to invest in a simple and systematic way that minimises risk and maximises returns.

There are no fancy strategies or trading going on here. In simple laymen’s terms, Andrew explains index funds, bonds and exchange traded funds (ETF) and how to invest in them.

He outlines specific strategies and funds that can be invested in, in America, Canada, Great Britain, Singapore and Australia.

What surprised me was how simple investing can be, and Andrew has such a relatable and down to earth nature.  I especially enjoyed how he uses Willy Wonka and the Chocolate Factory as an analogy for how the stock market works.

I found this book very practical and informative. I especially appreciated the information on why it is important to invest in low cost funds and how paying higher fees can have a significant effect on the return of your investment.  Maybe I’m a little bias because of my former occupation but I love love love that Andrew was a school teacher and not only did he educate himself and take responsibility for his own finances he also went out of his way to educate others. What a guy!

Seriously ladies, if you want to learn how to invest in the share market and do it in a simple and effective way that minimises risk, get this book and join in for book club this month so we can talk all about it and learn together.

Book Club Meeting

When: Tuesday 30 June @ 830pm AEST
Where: Go to the Money Mindful Facebook page  >>click here<<

I go live on the page at 830pm.  You just have to show up to the page and join in the conversation.  If you can't make it live I always post the replay on the page below.

Please note as an affiliate of Amazon Associates I receive a commission if you make a purchase by clicking through the Amazon links on this website.  This is at no extra cost to you.

May: Everything is Figureoutable

Everything is Figureoutable
Marie Forleo

If you want to make change in your life but you feel like you lack the confidence, time or money then this is the book for you.

I was initially attracted to this book as I listen to Marie's podcast on and off and I love her sass and can do attitude.  But it was the title that really drew me in and made it a yes when deciding to buy and read it.

Everything is figureoutable; if there was ever a time to embrace this concept, it is most certainly now.  So many people are experiencing fear and uncertainty in this current world climate.  We can't change the circumstances of the covid19 pandemic, it is happening.  But we can absolutely change and control the way we think about it and handle it.

Have to work from home- no problem everything is figureoutable.
Lost your job temporarily- no problem everything is figureoutable.
Can't get onions from the supermarket- no problem everything is figureoutable.

I don't think Marie had a pandemic in mind when she wrote this book but her message is very transferrable and this is why I selected it for this months book club as I think we could all benefit from a little belief and attitude that everything is figureoutable.

Marie is well known for helping entrepreneurs start or improve their businesses.  I certainly think this book is targeting this audience.  However, what surprised me is really, this is a mindset book and is applicable to anyone faced with a challenge or change they want to make.

She guides us step by step through the book with simple exercises.  First, how to identify what our dream is and second, how to create the belief we need to step into being the person who creates it.  She also dishes out some great advice on how to create more time to put these changes into place.

If you want some actionable steps and a health dose of positivity and tough love, this is the book for you.

If you are unwilling to make change or are offended by the odd 'F' bomb, then I would give this one a miss.

Please note as an affiliate of Amazon Associates I receive a commission if you make a purchase by clicking through the Amazon links on this website.  This is at no extra cost to you.

Watch the replay of the May Book Club meeting below. Or click this link to view in Facebook.

April: Wonder Woman’s Guide to Money

Wonder Woman's Guide to Money
The Busy Woman's Guide to Money Management and Wealth Building
Natasha Janssens

Written by a working mum of two, the Wonder Woman's Guide to Money addresses the plight of the modern-day 'Wonder Woman' and helps her shift the way she feels about money forever by providing the tools, strategies and insight to take control of her financial future.

The growing pressure on today's woman to 'do it all' is immense.  She has a career, runs the household and is the primary caregiver of her children, while still being held to outdated standards about her appearance and role in society.  Moreover, despite being the primary household spenders, research has found that women tend to shy away from money matters and tend to have less financial confidence than men.  Despite increasing gender equality and closing the gender pay gap, progress is slow, and in some respects, non-existent.  In fact, a recent UBS study found that millennial women- more than any other generation - are leaving investing and financial planning decisions to their husbands and partners.  A decision that can leave many women in very vulnerable positions when things don't go to plan.

This book is a stepping stone to getting your finances on track.  Written by a woman for women.

Please note as an affiliate of Amazon Associates I receive a commission if you make a purchase by clicking through the Amazon links on this website.  This is at no extra cost to you.

You can listen to the interview with Natasha on the Money Mindful podcast on the player below.

Watch the replay of the April Book Club meeting below.

March: Spenditude

Spenditude
A life-changing attitude to money
Paul Gordan & Janine Robertson

There are a lot of books out there in the personal finance world that give you actionable steps to start managing your money and looking after it, to make more and support yourself in retirement.  However, one very important aspect that is often left out of these books is our mindset and our attitude towards money.  For example if you are an emotional eater, it doesn't matter how much exercise you do, if you always turn to food for comfort, you are never going to get in shape.  You first have to address the mindset.  It's exactly the same with money.  You can put strategies in place to improve your finances but again unless you examine what's happening on the inside- in our mind and our attitude towards money, it is going to be very hard to sustain long term healthy money habits.  Here is where Spenditude comes in and why it is such an important book to read.  You are not going to learn any get rich quick strategies here but what you will learn is how to first identify what your attitude towards money is and then how you can go about making change to develop the 'spenditude' you desire.  This book is a slow burn that I encourage you to come back to for a second read.  Please do not underestimate the importance of your thoughts, beliefs, mindset or 'spenditude' towards money.  Becoming aware of your spenditude and learning how to change it is life changing!  Get this book in your eyeballs!

Please note as an affiliate of Amazon Associates I receive a commission if you make a purchase by clicking through the Amazon links on this website.  This is at no extra cost to you.

You can hear the interview on the podcast with Paul and Janine below.

Watch the replay of the March book Club meeting below.