Personal Finance Books Reviewed and Product Recommendations as We Find ThemCheck back for new reviews! Here is where you can find our current review and some favorites on our shelves.
Discover Your Inner EconomistTyler Cowen’s book, Discover Your Inner Economist, is educational as well as entertaining. That’s right – entertaining. It’s a lot to say for a book on economics. We of course would not recommend a book that was laborious to read and that didn’t actually provide practical ideas that can benefit your life, especially in terms of your financial well being.Much of this book is not directly related to personal finances, that’s probably part of the reason it is such a good read. Discovering your inner economist is really about understanding the incentives that make the world work. When you understand incentives you can have a better idea of how to get the things you want in life, financially or otherwise. Cowen writes a lot about culture and how to experience it and become wealthy in a cultural sense. It turns out this can actually be done without spending a fortune which is good since we do encourage some frugality on this website in order to progress towards sounder financial well being. A lot of time is also spent discussing ways in which we as individuals can work to benefit the world as a whole. Issues here range from choosing and contributing to non-for-profits to why you should not tip too much. I found the author’s theory on tipping no more than 15% quite interesting since I am a rather generous tipper and find 15% to be on the low side. His argument makes a lot of sense though. Discover Your Inner Economist is a great way to begin to understand economics on a very macro level which can in turn help you to make better financial decisions. You can’t help but look at the world a little differently after reading this book.
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