Disclaimer: You’re Not Broke, You’re Pre-Rich was kindly gifted to me by Penguin Random House SA in exchange for an honest review.
If you are a millennial who is trying to figure out how money works, this book is for you. With simple, relatable and sometimes amusing stories about how to manage money on a day-to-day basis, you will learn how to change your mindset about money, get out of debt and stay debt-free, invest your money and, ultimately, live your best life. You’re Not Broke, You’re Pre-Rich will help you, the young professional, to think differently about money, while covering pertinent topics like black tax, savings, budgeting, emergency funds and financial scams, as well as estate and retirement planning (and why you should care right now!). It is the best class you never attended … in a book!
Yes we have another finance related book. I saved these for the time when I was about to start planning my financial goals for 2020.
Mapalo provides a lot of information about certain topics that might seem easier but because we are not aware of them we tend to be ignorant. This book starts from the very basics i.e. understanding your relationship with money. With each section you get to understand a lot of things about different topics, get exercises on what you need to consider moving forward in a form of questions. Moreover, there is a Q&A at the end of each section sometimes with specialist in that particular field, which I found to be interesting.
This book addresses the topic of investments in a very simple and informative way. She explains the different types of investments thoroughly, providing examples making tit easier to understand how these investments work. Lets be honest, financial institutions don’t provide us with details about these things because their aim is to add another customer to the list. You are only told the benefits of having an investments without all the minor details involved in that particular investment. So, if you’re not willing to dig deeper on your own, you’ll never understand.
This book will definitely be my go to book in the future as it addresses different topics. I’d highly recommend it to everyone it addresses certain topics in a much easier way. It’s an easy read, easy to grasp and very quick. Get yourself a copy and lets take a step towards financial freedom.
Title: You’re Not Broke, You’re Pre-Rich: Ditch Debt, Stop Living from Payday to Payday, and Manage Black Tax to #liveyourbestlife; Author: Mapalo Makhu; Published: October 2019; Publisher: Penguin; Page count: 207; Buy: loot, takealot
About the Author
Mapalo Makhu is a Published Author of the book; You’re Not Broke, You’re Pre-Rich(published by Penguin Random House SA). She is an award-winning Personal Finance Coach, Speaker, the founder of Woman & Finance and a personal finance columnist for City Press. She has a strong passion for working with professionals and entrepreneurs to get them excited about their finances and bring their financial dreams to reality.
Mapalo holds a BCom Finance Degree and a Post Graduate Diploma in Financial Planning, she founded Woman&Finance to educate and inspire women to take charge of their finances and make the best financial decisions for their current and future selves. She has over 6 years experience in the financial services industry.
Have you read it? Will you be adding this to your list? Leave us a comment in the comments section below.