Given the very positive (overall) comment, email, and Twitter response to my idea of bringing back the “book club” idea for a handful of books, along with many similar suggestions for it, I’m going to follow the crowd with most of those suggestions. Here’s how I’m going to try it.
First, the book I’m going to read through for the first book club is The Total Money Makeover by Dave Ramsey. I think it can inspire a lot of strong discussion and matches the theme of The Simple Dollar quite well.
I plan on writing two entries a week on The Total Money Makeover, spread out over about six weeks. They will appear on Wednesdays and Saturdays. The first one will appear on Wednesday, July 1.
The entire goal is to move slowly through the book, discussing the ideas in it in more detail than could be done in a single post and trying to hit some good discussion points on specific ideas that might generate some controversy/discussion. It will be more imbued with my own take on the material than the typical book review – I’ll mostly quote a bit from the book, then go off on that specific point.
If this works – and I think it will – I’ll follow it up in September or October with Never Eat Alone, then later with Getting Things Done. Those were the three books that many, many people seemed interested in.
So, on July 1, I’ll post the first entry, which will cover everything up until the Debt Myths chapter on page 17.
Here are some interesting personal finance articles I’ve found recently.
Stacked Costs and Second-Order Foods: A New Way to Think About Rising Food Costs This is a good argument for eating simpler foods and knowing how to cook them. If you’re able to eat from staples, you’re less impacted by rising fuel costs, rising labor costs, etc. (@ casual kitchen)
Getting Started With Canning (aka Home Food Preservation) This brought back a lot of memories of childhood – and helped fuel a lot of plans for later this summer. (@ lifehacker)
Elizabeth Warren and the Terrible, Horrible, No Good, Very Bad, Utterly Misleading Bankruptcy Study Whenever I read a study that has an outcome that I consider shocking, I usually don’t believe it until I can read the fine print. This is a great example of why. (@ megan mcardle)
The Truth About Vizualization and Goal Achievement Visualization doesn’t matter unless it leads you to action. (@ awake at the wheel)
The Buy Ahead Principle: One of my Biggest Grocery Saving Secrets This is a good tactic if you stick strictly with stuff you’re sure that you’ll use in the future and stuff that won’t go bad. (@ money saving mom)
The Money Diaries: The 20-something Emotional Spender I know a lot of people like this. I wish they read sites like The Simple Dollar. (@ i will teach you to be rich)
What Are You Willing To Consistently Pay More For? Everyone has some things that they’re willing to pay more for. I’ll pay more for good wine, cheese, and produce, for example. (@ man vs debt)
Joining An Investment Club? Watch Out For Groupthink Groupthink is always dangerous. It’s even more dangerous when you have your money on the line. (@ the digerati life)