You're So Money is a personal finance book that guides readers on how to manage money and achieve financial success by making smart financial decisions and taking control of their financial lives. The book provides readers with practical tips and strategies for managing their money effectively, and covers a range of topics including budgeting, saving, investing, and paying off debt. It is written in a clear and concise style and is intended to be a user-friendly guide for readers who want to take control of their financial lives.

Key Points on which Farnoosh Torabi wants us to focus on

  1. Make a budget: One of the most important things you can do to manage your money effectively is to create a budget that outlines your income and expenses. This will help you understand where your money is going and identify areas where you can cut back or save more.
  2. Save and invest: Building wealth over time requires saving and investing a portion of your income. Consider setting aside a certain percentage of your income for long-term goals such as retirement.
  3. Pay off debt: High levels of debt can be a burden and can make it difficult to save and invest. Consider paying off high-interest debt as soon as possible and avoiding taking on new debt whenever possible.
  4. Build and maintain good credit: Having a good credit score can be important for borrowing money and obtaining credit cards and loans at favorable rates. Pay your bills on time, keep your credit card balances low, and consider getting a credit report to understand your credit history.
  5. Negotiate salaries and benefits: Don't be afraid to negotiate your salary or benefits package when starting a new job or asking for a raise. Do your research and be prepared to make a case for why you deserve more.
  6. Start and grow a business: Starting a business can be a rewarding way to build wealth, but it requires careful planning and hard work. Consider the costs of starting a business, the potential market for your product or service, and any legal requirements you may need to meet.
  7. Diversify your investments: Diversifying your investments can help mitigate risk and improve your chances of earning a positive return. Consider investing in a range of asset classes such as stocks, bonds, and real estate.
  8. Understand your tax obligations: Paying taxes is a necessary part of managing your money, but understanding your tax obligations can help you minimize the amount you owe. Consider working with a tax professional or using tax software to help with tax planning and preparation.
  9. Protect your assets: Protecting your assets is important to ensure that you can maintain your financial stability in the event of unforeseen circumstances. Consider purchasing insurance to protect your assets, such as your home, car, and health insurance.
  10. Plan for the future: Building wealth and achieving financial success requires planning for the long term. Consider setting financial goals and creating a plan to achieve them. This may include saving for retirement, paying off debt, or building an emergency fund.

In my opinion Farnoosh Torabi books is different from others books in Personal Finance domain because of the following reasons 

  • Emphasis on budgeting and personal finance for millennials: The book is specifically targeted toward young adults and focuses on the financial challenges and opportunities that are unique to this demographic.
  • Practical advice on how to make more money: In addition to covering traditional personal finance topics such as budgeting and saving, the book also provides practical advice on how to increase your income and build wealth over time.
  • A focus on achieving financial freedom: The book emphasizes the importance of taking control of your financial life and becoming financially independent, rather than simply aiming to accumulate wealth for its own sake.
  • A focus on the psychological aspects of personal finance: The book explores the psychological barriers that can prevent people from achieving financial success and provides strategies for overcoming these barriers.
  • A holistic approach to personal finance: The book covers a range of topics related to financial success, including career development, entrepreneurship, investing, and building a strong financial foundation. It takes a holistic approach to personal finance, rather than focusing on just one aspect of financial planning.