Another book that I had for months before finally picking it up. I got this book at an event for young professionals about personal finance run by the lovely Jessica Moorhouse.
Wealthing Like Rabbits proclaims itself as an introduction to personal finance but I think that those who know the introduction should still read this book as a refreshed. There were a lot of things in this book that I knew the basics of, a mortgage, an RRSP, credit cards but I also learned some things about other types of loans and also put what I did know back in to perspective. Sometimes I can forget that I can one day be mortgage-free, because it seems so far in the future, it seems so hard to believe but I recently renewed my mortgage at a much lower interest rate, by not changing what I’m already paying, I took over two years off my mortgage. Not only is that time, but it’s money, it’s a heck of a lot of interest that I don’t have to pay the bank. That, coupled with reading this book has inspired me to stay on paying down my mortgage. It’s also reminded me that I need to start saving more in my RRSP. Somewhat unrelated, but kind of related, my friend Jessica Moorhouse was recently talking about her vision board, which I’ve said I should do but her post with this book, it’s happening this weekend! I’m getting my collage on!
The first endorsement for this book on the cover is “Smart, funny and totally relatable” by the queen of finance, Gail Vaz-Oxlade. It’s hard to imagine a finance book being funny but this is exactly that. I knew it was off to a good start when the opening line of the book is a Simpsons quote. He also references video games, zombies and Tony Soprano. The book was funny enough that I laughed out loud on the subway, and I’m sure other people thought “is that weird girl laughing at a finance book”, absolutely I was and they should read it too.
I would definitely recommend this book for every 20-something, 30-something, 40-something etc, who wants to know more about the basics of personal finance. Like I said that Hidden Figures should be shown in every math class, this book should be a mandatory read for math or careers or basically any other course in high school. Too many people don’t know even the basics of how money works and that’s how they end up in trouble. This book has a lot of advice, and not all of it may be the best fit for everyone but it will definitely make you think differently about money and have a great time doing it!