Book: Talk Money To Me
Author: Jason Tartick
Publisher: Harper Collins
Genre: Non-Fiction
Rating: 4.5/5
Book review:
Do you feel like talking about money when you are dating someone or about to marry them? Even I didn't bother talking about money and repented later. I don't feel it is customary to talk about your finances in detail before your marriage. I was too eager to explore money, as money is so essential these days. I feel everyone wants to get more money in any way possible. But how?
I found that this book guides a step-by-step procedure about what to expect while talking about money and the basic reasons why one should talk about money. The author begins by introducing himself as a banker for many years, but he is asked to quit. His only mistake was that he became a part of a podcast show and shared some of his personal talks in public, making it the sole reason for his loved ones and his employer to put questions on him and, lastly, resign.
But his problems haven't been resolved yet. He moves to his girlfriend's place after a few months of dating, which is far away from his original place. After shifting, he is in a kind of illusion about his future. He didn't question any promises or speak about financial plans before moving. Most of us, or I must say the majority of people, find it hard to talk about money and later suffer its consequences. The author, too, suffered. So he finally penned down the common mistakes each individual makes and how to check reality about money or how to pay less for more money.
He begins by guiding us about credit scores and how they can strengthen or worsen our financial position. So it is high time when everyone begins learning about money and talking frankly with their partner about money. It is the need of the hour. It is never too late, even if you are married. Also, speak about your priorities and needs openly.
He talks about basic questions:
💧What is your credit score?
💧What are your annual expenses?
💧How much do you make?
💧What is your debt-to-income ratio?
💧What is your net worth?
💧What is your risk tolerance?
💧At what age do you want to retire?
One is not gambling with Monopoly money here. This is one's future nest egg for him and his partner. Both are a team; both are one. That's why before one takes action, one needs to have an open conversation with one's partner, and more likely than not, you'll need to compromise. So protecting your relationship and your future together is more important than chasing the white whale of high-risk, high-reward investments.
The author has well-researched the shortcomings one faces and provided handy solutions to all issues related to money. He guides you to think before you step into any commitment. He has well explained common issues and how to check one's present position by sharing all links and related stories for better understanding.
I learnt about how to break bad money habits by Rookie Method and Pro Method. I was completely startled when he discussed debts and how to overcome them.
Overall, the book is quite informative, but the basic links are provided only for US citizens. Other readers can also refer to the tips and find them easily relatable. A good read.
#HarperCollins #TBRChallenge #Blogchatter #Bookchatter #Bookishlife2022_ #nonfiction #talkmoneytome #bookrecommendations #bookreview #bookreviews #money
This sounds like a must read. Gonna check this out, money can certainly make or break our relationships and it is an essential need for survival. Therefore, discussing it matters a lot.
ReplyDeleteThis book is on my subject of specialization Finance. A must for me to check what the author says
ReplyDeleteTalking finances is so important! Especially since money can lead to fights and miscommunication. This looks like a must read for all.
ReplyDeleteJason's book raises important questions to ask yourself and makes you think deeply about financial management, though one will need a lot of things from the Indian perspective to make sense of some of them.
ReplyDeleteFinancial literacy is very important especially these days. Glad to come across a valuable book. But the American examples may not be helpful, I guess.
ReplyDeleteIt takes a while to realise how important it is to talk about money and to learn the basics of financial planning. I wasn't guided well in this when I was young, and so I made some silly mistakes in those early years of my job and wedded life. Seems like a good gift for my son who is now in that very stage of life.
ReplyDeleteI think financial literacy is so important in today's day and age for consumerism. From your review it sounds as if one would benefit from this book!
ReplyDeleteSeems like an essential read for couples, especially women because we tend to take financial matters for granted, assuming that the 'man' in our lives will take care of it. I'll check this one out, if for nothing than just to motivate and teach women around me how they can have more say in the finances
ReplyDeleteWow I need this book for sure. I don't think I have any financial questions for my husband. Must check and ask him those.
ReplyDeleteSuch an interesting book and unique compared to what I generally read. There is so much out there in terms of financial literacy that I need to learn and probably this book can get me through!
ReplyDeleteThe book seems even more interesting coz from your review it seems like the author educates us on the subject finance through the way of a story and his personal experience as a banker. Great review.
ReplyDeleteI appreciate how you've highlighted the importance of discussing finances in relationships, something many of us tend to overlook until it's too late. Your personal reflections and summaries of the book's key points make it clear why this is a must-read for anyone navigating financial conversations with their partner. I'm definitely adding this to my reading list!
ReplyDeleteIn the subject of finance, I read
ReplyDeleteFOOPS ! 30 COMMON FINANCIAL MISTAKES &
PSYCHOLOGY OF MONEY.
Anyhow transparency in financial matters & open talks about money is essential for a healthy, lasting relationship and can be one of the most rewarding ways to grow closer to your partner and create an amazing life together.
The book is an essential investment to anyone, particularly those who are getting to use a credit facility and starting a commitment to a relationship.
ReplyDeleteI love reading nonfiction especially finance. This book wil definitely serve to be a guide for finance lovers like me. Will check this out
ReplyDeleteFinancial literacy and education is extremely important, now than ever before. Although this book seems to be targeted at US audience, it seems a good book. I will surely check it out.
ReplyDelete