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Reddit reviews on All Your Worth: The Ultimate Lifetime Money Plan

Sentiment score: 13
Reddit mentions: 17

We found 17 Reddit mentions of All Your Worth: The Ultimate Lifetime Money Plan. Here are the top ones.

Used Book in Good Condition

Found 17 comments on All Your Worth: The Ultimate Lifetime Money Plan:

u/Lochmon · 7 pointsr/AskReddit

You're going to get a lot of good advice from this thread, and maybe some that is not so good. Either way it will mostly be fragmented pieces, left to you to put together in a coherent whole that suits your own circumstances.

So I'm going to commit a small breach of Reddiquette and recommend you buy--nay, invest in--a commercial product. For about ten dollars, get a copy of All Your Worth by Elizabeth Warren and her daughter Amelia.

(TL:DR on Elizabeth's link: Obama named her as the acting head of the Consumer Financial Protection Bureau, set to launch in July. She has a reputation for honesty and integrity and doesn't afraid of Congress and Wall Street, where many members of both are currently nervously regarding her as Public Enemy Number One.)

Congratulations to you on wanting to make a wise start, and realizing the need at your age. I wish I had not been quite a bit older before understanding what you already understand.

u/timeandaplace117 · 5 pointsr/offmychest

First of all, like others have said here, you're not a bad parent; yet that you aspire to be a better person and parent is amazing and unfortunately leagues past many parent I know.
Financially, life is difficult for many of us, but I have been reading this book and it really helps. Check it out if you can All Your Worth

Also I feel that I should say, I've always been a slow learner. I was convinced that I was stupid for most of my childhood. Through my mother's undying thirst for finding inspiring people to mentor me, one of them being my godparent, I was able to find ways in which I enjoyed learning and have become a life long learner.
One thing I wish I had done was to go to 'not back to school camp' it's a place for smart kids who can't learn in the industrialized schools we're shuffled through these days. It may be for later, but look up the Teenage Liberation Handbook sometime... and good luck. You're doing great, and it will only get better.

u/[deleted] · 5 pointsr/personalfinance

You might like something simple like the Balanced Money Formula. There's a book on it called "All Your Worth" by Elizabeth Warren.

It's a simple budget idea where you put what you spend into the categories: Wants (30%), Needs (50%), Savings (20%). Keep Need's spending below 50%, Wants at 30%, and Savings at 20% and you'll be ok.

Step 1 would be to do what you're doing and figure out where your money goes. Then you'll know where you need to change your spending.

Step 2 is to simplify you monthly expenses so you can make this work. I wouldn't spend the money on a financial advisor at this point--$120K isn't so much that you can do this on your own.

Step 3 retire those debts to free up monthly cashflow, then start working on savings. One idea for you would be to set aside a set amount each month to cover your travel expenses. That'll help you know how much you can spend and keep the charges off your credit card.

I think that once you start measuring where your money goes and putting in some basic budget controls, you'll be in good shape.

Best wishes.

u/qwicksilfer · 3 pointsr/personalfinance

My favorites are:

  • "The Money Book for the Young, Fabulous, and Broke" by Suze Orman link
  • "All Your Worth" by Elizabeth Warren link
  • "Personal Finance for Dummies" by Eric Tyson link
  • "Personal Finance at your Fingertips" by Ken Little link
u/evandmac · 3 pointsr/personalfinance

If you're looking for a good book on the subject of simple budgeting, I just finished enjoying 'All Your Worth': http://www.amazon.com/All-Your-Worth-Ultimate-Lifetime/dp/0743269888

It does a really nice job of setting up a simple 50/30/20 formula (must-haves/wants/savings), and walk you through some simple rationale for it.

I'm not a fan of financial books, but this one is written specifically for the average person who's just trying to figure out how to strike a balance. Elizabeth Warren wrote it with her daughter (and for better or for worse, there's nothing political in it).

u/pmorrisonfl · 3 pointsr/personalfinance

I like 'All Your Worth' by Elizabeth Warren and her daughter. We've got friends who teach a course based on Dave Ramsey's 'Total Money Makeover', and they report that the 'All Your Worth' perspective is a helpful alternative.

u/SpyhopX · 3 pointsr/Frugal

Read All Your Worth by Elizabeth Warren and her daughter. It's short and sweet.

As a first taste, a big part of their advice is to divide your income into 50% 20% 30%.

The 50% rule is: make sure things that you are REQUIRED to pay every month (rent, mortgage, required debt payments, utilities, enough food to live) do not take up more than 50% of your paycheck. That leaves the other 50%.

The 20% rule is to put 20% of your paycheck directly into savings (this includes paying down debt faster by paying more than minimum payments).

Then you're left with 30% of your income. Spend this however you want. If you're making 6 figures reaching these percentages should definitely be doable and you'll still have a big 30% of your income to spend without stress since you know everything else is handled.

u/estuarineblue · 2 pointsr/UKPersonalFinance

That rule (50:30:20) originally came from Elizabeth Warren (Massachusetts senator)'s book [All Your Worth: The Ultimate Lifetime Money Plan] (https://www.amazon.co.uk/All-Your-Worth-Ultimate-Lifetime/dp/0743269888). It's a really good primer on financial planning too.

I follow her rule and mine split is:

30% - Needs (rent bills groceries transport, mandatory stuff)

17% - Wants (not including holidays)

7% - Wants Holidays

48% - Post Tax Savings

u/goatfarm · 1 pointr/personalfinance

I've always liked the advice courtesy of EW that you should only be spending 50% of income on Needs (food, shelter, utilities, anything with a contract), 30% on fun things, and 20% on savings. I've found it to be a sustainable long-term plan.

Unless you've missed stuff in the break-down it looks like you are on-track for only spending 50% on your needs (I'm including debt payments in this, plus gym memberships (contract); and you're not blowing the bank on fun stuff. I'd suggest putting a little of that extra money towards your wife's school loans and also making sure you have adequate emergency savings. I think Mint is a fun way to track all of this.

u/aleph_zahir · 1 pointr/Divorce

Are your overspending problems at all linked to your mental issues? Are you each seeing a professional for your individual issues, and have you raised those concerns in sessions?

Between the home conflict and the money issues, you need to consider what is best for your child. In terms of money management advice, I strongly recommend the following book by Elizabeth Warren (regardless of your stance on her politics, she lays out a very insightful and easy to follow budget plan!): https://www.amazon.com/All-Your-Worth-Ultimate-Lifetime/dp/0743269888

I also suggest an automatic deduction to savings. This should be easy enough to set up through your bank, especially if you have direct deposit. Perhaps it would also be worthwhile considering setting up separate accounts? Just a thought.

u/donknotts · 1 pointr/minimalism

Two things work for me: 50-20-30 budgeting, and You Need a Budget software.

u/librik · 1 pointr/personalfinance

I'm going to recommend a book to you that you will appreciate. I've mentioned it a couple of other times in /r/personalfinance, but only as an interesting diversion -- in your case, it's an absolute necessity: Mind Over Money by Klontz.

This is a book about the psychology of money, the mental scripts and disorders we pick up from our childhood experiences and parental role modeling. I can assure you that when you reach Chapter 6 you're going to be running around your crappy apartment shouting "who is this guy and how is he spying on my dad?" There's an extensive section near the end that focusses on what you need: processes and analytical tools to disentangle your mental money-related scripts and get a grip on that nasty bit of psychodynamic trauma you're carrying around.

After you've gotten your head straight, I can recommend Warren's All Your Worth as a good book of basic guidelines and advice for making safe but non-crippling financial choices as you go forward. (That's the same Elizabeth Warren who is now a U.S. Senator, but in her old job as a professor of credit finance.)

u/Peaches666 · 1 pointr/Portland

That gap has been closing more and more but I'm still struggling to keep in any extra income(read: juicy wads of booze and drug money) on the side with what little of a portfolio have. And then, much of my free time is also being drained by a new found need to get out of my goddamn apartment more than just going to work or down the street to the pub. Someone also recommended Elizabeth Warren's book which I was planning to check out along with my annual holiday re-reads of Irvine Welsh. I like to build up around an angsty disposition before I start my holiday shopping. Thanks for the link.

u/8ballfinance · 1 pointr/personalfinance

You may find All Your Worth authored by now Senator Elizabeth Warren a valuable read. If you can't grab a copy of the book, this blog post lays out a pretty good summary which explains 20% as a healthy savings rate and some suggestions for investing that. At your age, risk tolerance is high so you should be able to target a great deal of your savings to stocks and other securities. Good luck!

u/LDAP · 1 pointr/aspergers

Pouncey,

Sorry to hear you are stressing.. I think we have all been there. Do you know what you are good at or do you have any strengths? You seem rather articulate and have some level of awareness. The world has a way to tell you what they think we suck at, so I find it important to hold onto the things I think are my strength and value them. You have to be good at something...

I think Enictobi's rules are a good start, you have to develop some boundaries of what you will allow to affect you and what you won't. Rules are one way people on the spectrum make sense and learn to manage the world around them.

When I first went down the path, I picked up on Dr. Phil's life strategies... I am not a big fan of Dr. Phil showmanship, but the rules were pretty good. http://www.drphil.com/articles/article/44 There are a lot of good books with other good suggestions on how to cope with stress, and such... you do need a strategy for dealing with it and commit to doing it.

It sounds like you need to find some places where you can go an relax, you might try the library... University libraries are sometimes better than public libraries since they often have rooms where you can go study (or sleep). You might also consider working out or something to relieve the stress.

You also sound like you are dealing with some financial issues, you might consider reading Elizabeth Warren's book on financial planning. http://www.amazon.com/All-Your-Worth-Ultimate-Lifetime/dp/0743269888 You can probably pick up most of the tips online, or read the book at the library.

I think unmanaged stress for people on the spectrum is the root cause of depression and other mental illnesses. I pray you find some respite in the tempest that is your life right now.

Good luck!