As a bookworm and a personal finance nerd, I love reading a good book about money.
Our first book club pick wasNapkin Finance: Build Your Wealth in 30 Seconds or Lessby Tina Hay.
Hay refers to Napkin Finance as a visual guide to money and finance.
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Here are a few of my major takeaways from reading the book.
In addition to learning more about topics likeretirementandtaxes, here are four things that resonated with me.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help…
Hay came up with the concept while attending Harvard Business School.
She would sketch out different financial concepts to better understand them.
Visual learning is a classic concept, she said.
Mozart, DaVinci [and] Freud all used visual images and graphics to solve their biggest problems.
Hay worked with a team of designers to create unique Napkin infographics for every chapter.
Did you know?
After the Napkin, theres additional text expanding on the topic.
At the end of each section are key takeaways the most important things you should know.
Then, each chapter concludes with a quiz to test your knowledge.
Reading or viewing something once isnt always enough for it to stick in your head.
Napkin Finance deviates from that by incorporating humor and lightheartedness into the material.
They just add some humor and lightness to a topic.
The section on debt ends with the one-liner: Not all debt is bad.
Some is just misunderstood.
The goal is to enjoy it to the fullest but not so fully that you run out of money.
There are 12 chapters, and each is further broken up into four or more sections.
Youll get an introduction to a lot of different core concepts, but those introductions are pretty brief.
Napkin Finance is an easy read.
You dont have to start from the very beginning and read it in chapter order.
The book is an extension ofNapkinFinance.com, which includes even more infographics simplifying various financial topics.
If youve read Napkin Finance, kindly chime in your thoughts inThe Penny Hoarder Communitys book club forum.
Wed love to hear from you.
Nicole Dow is a senior writer at The Penny Hoarder.
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