2.) All Your Worth: The Ultimate Lifetime Money Plan
by Elizabeth Warren & Amelia Warren Tyagi
Alright, so this will probably sound corny but I don't care: this book completely changed how I think about money. Elizabeth Warren is, IMO, one of the great advocates for logical, simple perspectives on money. She doesn't try to say "Here's how to make a million dollars in a month!" She and her daughter Amelia offer conceptually simple guidelines for money. At its core, the book proposes a division of ones monthly net income as follows: 50% for Must-Haves (student loans, food, rent, car insurance, etc.), 30% for wants (cell phone, happy hour, J. Press ties, etc.), and 20% for savings. Recommendations are provided for getting one's Must-Haves at or around 50% and you have full discretion when it comes to the 30% wants.They are VEHEMENTLY opposed to credit cards, and for mostly good reasons. The advice is that you make sure you have $1,000 in liquid funds and then begin paying off credit card debt by putting that entire 20% sum in your monthly payment.
The book is loaded with other good advice. When you read the nuggets of wisdom you say, "shit, I knew that. But now it seems so clear." I am not kidding when I say that All Your Worth
altered my view on money and finances. If anything, it erased that helpless feeling I always had when I thought about my credit card woes and dearth of savings. Highly, highly, highly recommended.