Let me say this first: I’m not a very big fan of the word “Psych” as a verb. I think it goes back to those days in junior high when people would say, “Psych!” after they told you something you wanted to believe, but wasn’t really true.
Turns out it’s a good book with a lame title. The subtitle actually better reflects what this book is about: “Get the mindset and disclipline you need to build your financial life.”
Yet, even that subtitle doesn’t get to the true guts of the books. While putting yourself in the right frame of mind can really put you on the right track to financial success, the truth is that you actually have to do some real work. You’ll need to do some goal setting, establish a philosophy toward money, and come up with a way to organize your finances so that you can stay on the right path. Torabi gives some suggestions for how to accomplish those things.
This is a book that targets an audience of 20-somethings without kids. If you’re just starting out, the advice in this book will help you gain some perspective on taking control of your finances. Those of us who have been around awhile may feel like they are ahead of this book.
But that’s not to say that if you’re over the age of 30, you should ignore this book! There is a lot of good, solid financial advice in Psych Yourself Rich, and I enjoyed the personal stories and real-life examples scattered throughout the book. The chapter dedicated to finding and creating a sideline income that can help you achieve your financial goals was inspirational and educational.
The crib sheet included at the end of the book is one of the most useful takeaways from the book. Sometimes the most simple advice is the most helpful!Disclosure: FT Press sent me this book for my review. I was not compensated in any other way for this review and the opinions expressed here are my own, honest thoughts on the book.