4th out of 23 books
—
10 voters
All the Money in the World: What the Happiest People Know About Getting and Spending
by
Laura Vanderkam (Goodreads Author)
How happy would you be if you had all the money in the world? The universal lament about money is that there is never enough. We spend endless hours obsessing over our budgets and investments, trying to figure out ways to stretch every dollar. We try to follow the advice of money gurus and financial planners, then kick ourselves whenever we spend too much or save too littl...more
Hardcover, 256 pages
Published
March 1st 2012
by Portfolio Hardcover
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A 3-star rating here doesn't mean it was average. It means it zig-zagged between good writing and research to some pretty wacky ideas. If the point of the book is to make you really think about how you spend your money, then it's 5 stars. If you *really* want a latte, can swallow the calories, support a local business, not running late to work, can enjoy it, then go right on and have it. But then Vanderkam states how a person can get used to luxuries and they don't mean anything, so what's up?
I...more
I...more
i really enjoy reading books about money, & i was enjoying this book, despite its occasional wackadoo suggestions, right up until the end. but in the very last chapter, she writes about phil cooley, who owns slows BBQ in detroit. she casts him as someone who is making all the right financial decisions & turning them into community dividends, running a successful restaurant in a depressed urban area & using the profits to buy up abandoned buildings & transform them into artist's l...more
Most people I know have some form of problem with money. If you're a student, you probably don't have enough of it. This book doesn't sound like there's much of a link to Japan, but read on and I'll try to explain my thoughts.
The book isn't meant to be a directional book, in fact, the author says that the book is meant to be taken as a series of essays, rather than a "do this and your life will be easier" book. And in this book, I found one line that I had to share.
"More important, though, by f...more
The book isn't meant to be a directional book, in fact, the author says that the book is meant to be taken as a series of essays, rather than a "do this and your life will be easier" book. And in this book, I found one line that I had to share.
"More important, though, by f...more
I love the premise of this book, but Vanderkam does not stick with it. The first three chapters she goes into the research of happiness and money, but then after those chapters the book takes tangents and she does not pull them together. I also did not agree with her on quite a few points..such as not everyone needs to be a 1099 employee. It can be more flexible, but there are downsides as well such as healthcare, accounting and taxes and other legal issues. She exemplifies the contracting lifes...more
All The Money In The World is predicated on the idea that, if you had all the money in the world, how would your life change, and how would that money buy you happiness? Vanderkam wants you to consider both the dream purchases and the practical, everyday impacts that money would create...and then find the ways to start building that life here and now, with the money you currently have. In a similar vein to 168 Hours Vanderkam illustrates the control we have on our finances-- that how we spend ou...more
Great premise. Maybe someone less completely oblivious will write a useful book on the subject one day.
Here's the premise:
1. Become mindful of what you're doing with your money (and of what you can't do because of other choices you're making)
2. Question your assumptions about spending, saving and earning
3. Determine what you (not society, your peers, expert marketers or your mother) value--what's brought you happiness, what's brought you regret or stress? What do the decision you've made say ab...more
Here's the premise:
1. Become mindful of what you're doing with your money (and of what you can't do because of other choices you're making)
2. Question your assumptions about spending, saving and earning
3. Determine what you (not society, your peers, expert marketers or your mother) value--what's brought you happiness, what's brought you regret or stress? What do the decision you've made say ab...more
I found this book at the library, and in skimming the first chapter I came across a passage that framed the cost of the average engagement ring (somewhere in the ballpark of $5,200) in terms of what else that money could buy in the same vein, such as Friday date nights for an entire year, including dinner, entertainment and a babysitter, etc., and which choice would have a greater impact on the spender's happiness. That had me hooked. I love reading books that enable me to shift my perspective o...more
I enjoyed Vanderkam's take on money in this book. Her style will be familiar to anyone who read her earlier work 168 Hours--Vanderkam herself describes All The Money as "168 Hours, but about money instead of time."
Personally, I like Vanderkam's style, but I can see how not everyone would. I found myself constantly thinking of A Framework For Understanding Poverty as I read, trying to place Vanderkam's worldview within the categories of lower, middle and upper class. Vanderkam is solidly upper-m...more
Personally, I like Vanderkam's style, but I can see how not everyone would. I found myself constantly thinking of A Framework For Understanding Poverty as I read, trying to place Vanderkam's worldview within the categories of lower, middle and upper class. Vanderkam is solidly upper-m...more
Ms. Vanderkam’s intentions for writing this book are made clear early, “If money can’t buy happiness, perhaps we’re not spending it right” (p.10). There are three ways to become “rich”: obtain more wealth, use less of the wealth one has or be satisfied with the amount one already possesses. This well done, clearly presented tome is not about money/wealth management, investing nor is it an instruction book on “how to get rich” in the manner that phrase is generally understood. It is, rather, a d...more
What would you do if you had all the money in the world - not literally, but all you wanted - what would you change about your life? Laura Vanderkam is contemplating getting, spending, and sharing money in her book All The Money In The World - the main premise being that you can buy happiness!
Sharing her own experiences and those of people who one day decided they'd rather spend their money on this instead of that, the book will not advise you on how to safe money, but instead encourage you to r...more
Sharing her own experiences and those of people who one day decided they'd rather spend their money on this instead of that, the book will not advise you on how to safe money, but instead encourage you to r...more
Vanderkam has hit it out of the park with "All the Money in the World" - or at least it rang true for me. Rather than turning the focus on what percentage of our income should be spent in a certain way, or clipping more coupons to buy stuff you don't need or use, she focus's her attention on how using our money wisely might include splurging on areas that others might find, well - odd. Vanderkam points out that while someone might save $30 by using coupons, it's quite possible that their time mi...more
The book wasn't bad - I like the idea of spending your money in the way that makes YOU happy, rather than the way that "they" think you should spend your money.
The problem is that after setting this as the basic premise, the author then appeared to take the position that you should spend your money in the way that makes HER happy. For instance, you shouldn't buy expensive cars, because that won't make you happy, but instead save the money for lots of flowers and lattes from Starbucks. Well, I'm...more
The problem is that after setting this as the basic premise, the author then appeared to take the position that you should spend your money in the way that makes HER happy. For instance, you shouldn't buy expensive cars, because that won't make you happy, but instead save the money for lots of flowers and lattes from Starbucks. Well, I'm...more
Overall I enjoyed this book, as it offered thought-provoking exercises and stories on earning and spending. However, I felt that there was a little too much emphasis on freelance work without giving enough credit to the benefits that full-time employees enjoy such as health insurance, 401k matching, bonuses, etc. as compared to the downsides of self-employment. Although the author didn't specifically say, I suspect that some of the downsides of self-employment don't apply to her due to her husba...more
I really like vanderkam & her perspective. There were several ideas here which are not found in all personal finance books - think about the value of your time, cut big expenses (housing, cars) rather than small pleasures, and spend money in accordance with your values by investing in your local community. I appreciated the books focus on mindfulness & getting away from "stuff".
While the book was generally well researched, vanderkam spent a lot of time on personal anecdotes which I felt...more
While the book was generally well researched, vanderkam spent a lot of time on personal anecdotes which I felt...more
I loved this book. Sure, she may have given some illustrations that didn't apply to my specific situation, but I'm grown-up enough to be able to take the best and apply them to my own life. The reviews made me laugh because they're all over the board. But when I thought about it, it made me think of something she said in the book: "It is certainly possible to find tales of wealthy people who are miserable and think their lives are a total waste, but in a world of 7 billion people it is possible...more
This was a ho-hum book for me for the most part although I basically agree with much of what she's saying. It's a book about spending your money from the point of view of a privileged woman whose Princeton education was paid for by her family and who has a job she loves. She finds her answers to questions by querying people on her blogs. Her basic point is to question your assumptions about what you need, and how you spend your money and to spend money in ways that will make you happy, not ways...more
Aug 21, 2012
Ed Vazquez
added it
The book was a refreshing look at money and its uses. Rather than give an editorial on finances, Mrs. Vanderkam made a great argument towards the uses of money and how an individual can make the dollar stretch further, not by minding and saving every penny but by reorganizing one's thoughts on how money can be better spent. To make everlasting impressions on one's own life, and with those that are in this person's life. Excellent book, a must read to show that money doesn't have to control you,...more
A well-written consideration of the nature of money. Vanderkam addresses common ideas about money, shares a few of her own financial foibles, and interviews a host of experts. Not all of the money we spend can/should bring us joy but thinking about the ways we spend our money and how we can allocate more wisely makes good sense. This isn't a smart money book, it's a joy money book and there's a certain relief and pleasure in that after reading many books about saving. There's nothing particularl...more
I have been reading a lot of books about personal finance and consumerism, as I work to pay off all of my debt this year and also get a deeper understanding of how we think about money and why we do what we do with it. This book was different but in a really refreshing way. Laura Vanderkam does not focus on debt or how to pay it off but rather, she has you think about what is most important in your life and how to prioritize to make sure that is what you're focusing on - both with your money and...more
This book has some weird ideas that for this reader kept me thinking to myself WTH…
But in another hand it had some up points too.
The book was interesting and informative to a point as long as the author quite straying from the flock so to speak from ideas and idioms.
Here's a list the ideas that book basically has in it:
Become aware of what you're doing with your money
Question yourself about spending, saving and earning
Determine what you are spending on and why you are doing it
Make financial...more
But in another hand it had some up points too.
The book was interesting and informative to a point as long as the author quite straying from the flock so to speak from ideas and idioms.
Here's a list the ideas that book basically has in it:
Become aware of what you're doing with your money
Question yourself about spending, saving and earning
Determine what you are spending on and why you are doing it
Make financial...more
First, let me admit that I didn't finish the book. It started to get repetitive and boring in the center, so I made it half way through and skimmed the rest of the chapters. That said, I did take away some great tips and loved some pieces. I would recommend it for some good tips and I think the author is original in how she thinks about money and happiness.
That said, similar to "The 4-Hour Workweek", I found her tone at times to be a little too much about how to be happy HERSELF and less about o...more
That said, similar to "The 4-Hour Workweek", I found her tone at times to be a little too much about how to be happy HERSELF and less about o...more
All the Money in the World is a thoughtful series of essays on earning and using money to maximize your happiness. It’s full of interesting thought experiments, facts, and questions that will make you think about money in ways you never have before. The writing is great, reminding me of Malcolm Gladwell’s many books or Mirroring People, and definitely meeting my criteria that it be clear and concise. Although the chapters could be read as stand-alone essays, the interesting topic kept me reading...more
I liked everything about this book except for part of chapter 8 (on different forms of philanthropic giving). She touts microphilanthropy but seems to understate some of the pitfall-y-ness of that method of giving. Though, to be fair, I'm a fan of only donating to causes you're familiar with (and ideally involved with on some level).
The whole book talks about how to use money effectively in order to maximize happiness, in regards to earning, saving, and donating. It is definitely NOT a personal...more
The whole book talks about how to use money effectively in order to maximize happiness, in regards to earning, saving, and donating. It is definitely NOT a personal...more
Not a particularly profound book...much of the author's conclusions and insights could probably be reached on your own with just a bit of thought. "Don't scrimp more, earn more...." I mean, really? Has that somehow not yet crossed your mind?
Seemed to be the inner ramblings of a suburban mom writing a blog, indeed, most of her polls and surveys were answered by her blog readers. Mentions a lot of headscratching, but not much data or interesting studies.
It's general information stretched out, flu...more
Seemed to be the inner ramblings of a suburban mom writing a blog, indeed, most of her polls and surveys were answered by her blog readers. Mentions a lot of headscratching, but not much data or interesting studies.
It's general information stretched out, flu...more
So, I had to go out and buy it. I NEVER buy books. It was that good. Vanderkam's writing style is very similar to Malcolm Gladwell's. I think this is a great companion book to Dave Ramsey's Total Money Makeover. If you have your financial house in order, this book helps you focus on how wealth can inspire and support happiness and goodwill. Vanderkam often refers to her previous book 168 Hours, about time, which I want to read next.
I read this in a couple days because the author is just very engaging. She really gets you to think about money in a different way. All couples in the early stages of planning a wedding (preferabley even pre-engagement ring shopping) should read Chapter 1. If you're getting ready to purchase a new house, read Chapter 4. Chapter 8 is great for those who want to make a difference in the world, but don't know where to start.
Happiness wisdom seems to abound these days and Vanderkam illustrated how our money choices influence our own happiness. While it wasn't the best crafted book and I wouldn't necessarily agree with all of her suggestions, I did learn that the cost of having more kids is actually negligible. In my day to day life, I find myself asking if the money I'm spending on X could be spent on something more enjoyable or that would bring me more of an experience.
This is a fast read full of great ideas to get the most happiness from one's resources. I appreciate the author's real-life ideas and suggestions, even if some seemed out of my league. My husband and I have completely changed the way we budget and spend our money and a few months later are pleased with the results. I will read it again to gain new ideas. I only wish I had this advice years ago.
A really thoughtful book about what you are and aren't doing with your "extra" money. Love the riff about how giving up your lovely morning coffee will only save you $600 and won't actually help you buy a house. Insightful questions; read it with the person you share your money (and your life) with. Looking forward to reading her other books about time and health.
Interesting read, though Vanderkam is definitely entrenched in a money-centric society -- something I probably wouldn't have noticed had I not read this article the day before, about a man who's lived without money for more than a decade.
I ran out of time to do the exercises in the back of the book, so I can't speak to those.
I ran out of time to do the exercises in the back of the book, so I can't speak to those.
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Feb 19, 2013 08:00pm