Book review: The Old Money Book

The past few years I have tried to build a foundation of gazelle intentionality when it comes to my finances. Besides watching a lot of YouTube videos by financial vloggers, I also listen to podcasts and of course: read books on finances. Since I do not adhere to any conventional way of running a household budget, I thought this book would be perfect when it popped up on Amazon.com. 

The reason why I say that I don't subscribe to any conventional way of running a household budget, is because I tend to be extremely frugal with certain aspects of my life: such as not outsourcing my beauty regimen. But at the same token, I don't mind spending good money on quality household items, so that it would last longer. So that in the long run, I'm not constantly doling out money. That is where the subtitle of this book comes in: How to live better while spending less. 

So without further ado, here are 3 outtakes from this book that spoke to me the most:

1. Here is how the first chapter starts: The first core value of Old Money is health. In Dutch we refer to this as met de deur in huis vallen. Meaning you just go straight to the point, no chaser. This speaks volumes, because it's also what God has been revealing to me, concerning my financial life. So alongside with financial books, I read tons of health books written in yesteryears. A review of those will ensue on my blog. A blog post specifically speaking about how health is the first wealth will also ensue.

2. This book also has an unconventional way of looking at purchasing a home, which is the tenet most middle class folks live by. Here is what it says on page 111: "If you are just starting out or starting over, feel free to rent rather than owning a primary residence. Old Money Guys/Girls seek financial independence first, and then seek the comfort of owning a primary residence later". He goes on about this, giving a very good reason why you should think carefully about settling down somewhere, with a huge mortgage at that: what if a better opportunity presents itself elsewhere? 

3. Final positive point I have to make about this book is not about its content, it's about the concise way in which it was written. It's only a 142 pages, jammed with so much applicable wisdom. I read it during my lunch breaks at work, one chapter at a time. The price is also very reasonable: $10,00 only. 

Happy read!