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The Personal MBA by Josh Kaufman - Worth Reading


Quick verdict - it's a good book, and I think it's worth reading.

Josh Kaufman sent me a message on Twitter a bit back, asking if I'd like a review copy of his book. Indeed, I would, I replied, and he sent me a digital copy.

Before I review the book, let me tell you how I read - when I get a nonfiction book that I'm not sure if I'm going to read, I "fastread" it. That's me starting to skim and move quickly, then I slow down and read in depth when something catches my eye, and speed up after I finish that section.

I fastread a lot of books. Especially reading a in-depth reference book on a topic you already know, I think you can get 90% of the lessons of a book in 30% of the time by fastreading. I typically fastread historical backgrounds about eras I'm very familiar with, thoughts on an aspect of business I know, introductions to technologies I'm already familiar with, etc.

My first thought when I was reading The Personal MBA was that this would be a good book to fastread.

Minimalist Wealth's Easy Guide to Personal Finance Part 1

On Minimalist Wealth

The road to wealth is 99% psychology, and 1% math. A list of twenty 'hacks' like “Don't go to Starbucks” is not going to help, since you fight these impulses repeatedly, and human will is limited.

It is better to focus on the few, one-time changes that will have big results for the rest of your life. You will keep more of what you make and lose less of it to banks.

These are the changes I made in my life that had big effects on my wealth. Now I keep more of the money I make, banks pay me to use them, and I don't waste time worrying about petty fees and charges.

Task 1: No more monthly or ATM fees, or Foreign Customer Service Reps (Takes 20 minutes)

You are losing a huge amount of money by banking with Chase, Wells Fargo, or Bank of America. They are terrible when it comes to charging fees and customer service. Here are two better options:

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