Summary of Farnoosh Torabi's Be Money Smart

By IRB Media

Please note: This is a companion version & not the original book.

Book Preview: #1 The term rich was first used by cartoonist Richie Rich, who was the richest kid in the world. However, Richie’s lifestyle was far from my childhood reality.

#2 The way you perceive your own wealth is a result of your behavioral leanings, life experiences, and personal philosophy. You should feel fulfilled, not just wealthy.

#3 The rich are not just looking to accumulate money; they are also looking for a quality of life and to make the most of their time. They are cutting back on luxuries to spend more time with their families.

#4 Feeling rich is about feeling secure. It's about knowing that you're doing all you can to protect your health, house, income, savings, investments, and the security of your loved ones.

• Language: English
• Publisher: IRB Media
• Release date: Feb 15, 2022
• ISBN: 9781669347637

IRB Media

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Book preview

Insights on Farnoosh Torabi's Be Money Smart

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 1

#1

The term rich was first used by cartoonist Richie Rich, who was the richest kid in the world. However, Richie’s lifestyle was far from my childhood reality.

#2

The way you perceive your own wealth is a result of your behavioral leanings, life experiences, and personal philosophy. You should feel fulfilled, not just wealthy.

#3

The rich are not just looking to accumulate money; they are also looking for a quality of life and to make the most of their time. They are cutting back on luxuries to spend more time with their families.

#4

Feeling rich is about feeling secure. It's about knowing that you're doing all you can to protect your health, house, income, savings, investments, and the security of your loved ones.

#5

To feel in control of your money, you must have sufficient earnings and savings. Having sufficient savings allows you to cope with unanticipated expenses, such as a job loss.

#6

You should aim to have a fully funded retirement account, debt elimination, sufficient insurance, and a fulfilling life without debt by age 35.

#7

Having open and clear communication with your partner about your financial obligations and goals is a must, as this will help you cover the bases.

#8

There are many ways to increase your happiness, but the most important is to be charitable and spend money on others. It’s good karma and it