PID 4060


News

Reflections from our Bookshelf: The Algebra of Wealth: A Simple Formula for Financial Security

The The Algebra of Wealth: A Simple Formula for Financial Security

By: Scott Galloway
Reflection by: Tabi Cooper

 

 

Why I read it?

A friend of mine that I trust introduced this book to me! He really likes the author, Scott Galloway, so I wanted to give it a read. I am also a part of a finically focused book club with some amazing women that made The Algebra of Wealth our monthly read.

What is it all about?

The title truly says it all. Galloway shares his ideas along with years of experience and research on how to achieve financial security. He proposes a simple formula including focus, stoicism, time and diversification:

The messaging of the book focuses on learning, growing, and improving at whatever you’re doing.  Galloway emphasizes the importance of prioritizing your relationships – family and friends are essential to long-term happiness.

What caused me to pause?

This book outlines time as our most inflexible and valuable resource.  Squander time, it is gone forever.

How will this book change my habits or influence me?

This book has enhanced my financial knowledge and language as I continue to learn and grow.  Reading The Algebra of Wealth helped me open my eyes and reflect on where I’ve been and focus on where I am going.

Galloway stresses: Focus on what matters. Be stoic in the face of temptation. Use time to your advantage. Diversify your investments.

They are simple and profound ideas but can prove to be a challenge to implement!

Add this to your reading list if…

The Algebra of Wealth is a great read and would also be a perfect gift.  The lessons are truly timeless and can impact readers in a positive way.  The audio version is enjoyable as well given the author has spent years on TV and recording podcasts.

Pickle Rating: 6?  Is that an option? Just kidding:  5/5 for me!

Shannon Dermody

Shannon DermodyTEST

Leave a Comment