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Financially Irresponsible
Stop! This book contains strategies and methods considered by most as the antithesis to wealth building best practices. The reader of this text will be placed in a position to look in the mirror and determine whether or not they themselves are "financially irresponsible".
This books purpose is 2-fold; to empower others with a discussion on mindset, attitudes, and beliefs about money through the authors experiences, and to introduce terms, concepts, and strategies to those who may not have had exposure to financial education in their past but want to empower themselves and others on the journey towards financial mastery.
This books purpose is 2-fold; to empower others with a discussion on mindset, attitudes, and beliefs about money through the authors experiences, and to introduce terms, concepts, and strategies to those who may not have had exposure to financial education in their past but want to empower themselves and others on the journey towards financial mastery.
- GenresFinance
132 pages, Kindle Edition
Published December 2, 2019
14 people are currently reading
28 people want to read
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Displaying 1 - 5 of 5 reviews
June 29, 2020
Financially Irresponsible is dubbed by the author as an introduction to financial terms, strategies, and concepts that are to help the reader forge a new or better relationship with their financial futures. While the book is very brief in its page count, the author does a great job of explaining why he chose to write the book, how it should be used, and brief accounts of his experiences.
I found part 1 of the book to be insightful and very engaging. Part 1 of the book features six chapters which includes themes such as: Money is not the root of all evil; The poverty mindset; The Law of attraction; Fear, excuses, and not having enough time; You don't know what you don't know; Living paycheck to paycheck. These chapters, in my opinion, provided a lot of motivation for the reader to get their financial lives in order and to learn from the examples given in the chapters. These chapters served as life lessons of sorts.
Unfortunately, Part 2 of the book, which discusses more of the technical lessons regarding financial topics such as credit, did not live up to the content quality of part 1. For example, the author proudly announces his attainment of a 800 point credit score, but in later text tells the reader that this achievement seemingly does nothing more than providing bragging rights because a mid-700 score opens the same doors. Commentary such as this makes the reader ask why the author even bothered to include the accolade. The author also discusses how he leverages not paying certain bills (e.g. cell phone, electricity, etc.) on time until they are headed to collections so that he may have as much cash on hand, but he fails to properly explain how this is of benefit to him or anyone else who were to attempt it when it costs him more money in the long run due to having to pay late fees. The included glossary of terms is also a bit curious, because while helpful, most of the defined terms were never used in the book’s text. For this inclusion to have made sense, the author should have provided context for all terms, expressing how he has used these tools or have learned from them.
Still, Rahkim does explain that he sees his book being used as an introduction to personal finance and provides a reading list for readers to read next. He sees this book as a conversation and action starter and I believe that it is very useful for just that. I appreciate that he touches on so many topics, but I wish he had dived deeper and really explained his experiences and his takes on finance a bit more. Since the book is so short, it felt very rushed and as if he wanted it to be read in the book version of a sprint. I would have loved to have read more about his life and opinions. I especially would have loved to have read more about his non profit for homelessness and the financial lessons he learned and applied to make the business a reality. I believe that to be a missed opportunity and could have been a great additional conversation about leverage and more.
Overall, I found the book to be worth reading and I believe that other readers who know very little about personal fiance will find the book to be incredibly insightful. I picked up this book after reading his take on a comment Robert Kiyosaki made about the Black Lives Matter social movement on TheGrio.com (https://thegrio.com/2020/06/15/rich-d...). Rahkim mentioned this book in the piece - and the book's cover page and title caught my attention. I was hoping for more of a a deep dive than an introduction, but that while my needs weren't met, this does not take away from the fact that this book can and will help others to launch their financial habit behavior change.
I found part 1 of the book to be insightful and very engaging. Part 1 of the book features six chapters which includes themes such as: Money is not the root of all evil; The poverty mindset; The Law of attraction; Fear, excuses, and not having enough time; You don't know what you don't know; Living paycheck to paycheck. These chapters, in my opinion, provided a lot of motivation for the reader to get their financial lives in order and to learn from the examples given in the chapters. These chapters served as life lessons of sorts.
Unfortunately, Part 2 of the book, which discusses more of the technical lessons regarding financial topics such as credit, did not live up to the content quality of part 1. For example, the author proudly announces his attainment of a 800 point credit score, but in later text tells the reader that this achievement seemingly does nothing more than providing bragging rights because a mid-700 score opens the same doors. Commentary such as this makes the reader ask why the author even bothered to include the accolade. The author also discusses how he leverages not paying certain bills (e.g. cell phone, electricity, etc.) on time until they are headed to collections so that he may have as much cash on hand, but he fails to properly explain how this is of benefit to him or anyone else who were to attempt it when it costs him more money in the long run due to having to pay late fees. The included glossary of terms is also a bit curious, because while helpful, most of the defined terms were never used in the book’s text. For this inclusion to have made sense, the author should have provided context for all terms, expressing how he has used these tools or have learned from them.
Still, Rahkim does explain that he sees his book being used as an introduction to personal finance and provides a reading list for readers to read next. He sees this book as a conversation and action starter and I believe that it is very useful for just that. I appreciate that he touches on so many topics, but I wish he had dived deeper and really explained his experiences and his takes on finance a bit more. Since the book is so short, it felt very rushed and as if he wanted it to be read in the book version of a sprint. I would have loved to have read more about his life and opinions. I especially would have loved to have read more about his non profit for homelessness and the financial lessons he learned and applied to make the business a reality. I believe that to be a missed opportunity and could have been a great additional conversation about leverage and more.
Overall, I found the book to be worth reading and I believe that other readers who know very little about personal fiance will find the book to be incredibly insightful. I picked up this book after reading his take on a comment Robert Kiyosaki made about the Black Lives Matter social movement on TheGrio.com (https://thegrio.com/2020/06/15/rich-d...). Rahkim mentioned this book in the piece - and the book's cover page and title caught my attention. I was hoping for more of a a deep dive than an introduction, but that while my needs weren't met, this does not take away from the fact that this book can and will help others to launch their financial habit behavior change.
January 19, 2021
I read this book because I read a piece on The Grio where the author was responding to criticism of the BLM movement from a prominent financial author. I think representation matters and everyone benefits when there are many ways correct information about financial success is taught. I was happy to buy his book and I wish him well. He approached something he didn’t know about and learned a lot. He explains at the beginning of the book that some of his approaches are what others would call financially irresponsible. Some of the things he advocates for are exactly that. I do not think an introductory book (or any book!) on finance should include such patently bad advice. I suppose this is why he includes, more than once, that the book isn’t financial advice. Sure. I hope for him that the shoe doesn’t drop. Some of his choices are not sound financially and they will catch up to him. Having worked in finance and specifically subprime finance, I have dozens of stories of people who tried some ideas he shared (not at his behest, this was before this book was published) and were in horrible financial straits.
This books needed an editor, or a better one, DESPERATELY. The run-on sentences easily doubled the size of the book and made it drag. As a point of annoyance I will include that it seemed that he included convoluted quotes from himself A LOT. I didn’t go back to check because I was so glad to finally be done with this book, but I would wager he includes more random statements from himself than he does from anyone else. Sometimes books will include quotes from the text block, in a bold statement type way. This was not done here. It seems like the quotes were just part of the text block but formatted to break up the text. It’s confusing and a misuse of the format.
This books needed an editor, or a better one, DESPERATELY. The run-on sentences easily doubled the size of the book and made it drag. As a point of annoyance I will include that it seemed that he included convoluted quotes from himself A LOT. I didn’t go back to check because I was so glad to finally be done with this book, but I would wager he includes more random statements from himself than he does from anyone else. Sometimes books will include quotes from the text block, in a bold statement type way. This was not done here. It seems like the quotes were just part of the text block but formatted to break up the text. It’s confusing and a misuse of the format.
July 13, 2020
Representation is a MUST and Rahkim proves that!
You can learn about the things discussed in this book in other places but if it is not told by someone who represents (even if only in a small way) you, your life, what you look like or what you were exposed to growing up then that message may never stick. It's imperative and for me it was proven through this book. If nothing else people should pick it up and read it for a difference of perspective.
You can learn about the things discussed in this book in other places but if it is not told by someone who represents (even if only in a small way) you, your life, what you look like or what you were exposed to growing up then that message may never stick. It's imperative and for me it was proven through this book. If nothing else people should pick it up and read it for a difference of perspective.
July 14, 2020
Refresher
I've read quite a few books that are recommended by Rahkim. His book to me was a quick refresher on things I have read and forgot.
He also gave me new perspective in other areas I had not thought of.
I will be paying this forward!
I've read quite a few books that are recommended by Rahkim. His book to me was a quick refresher on things I have read and forgot.
He also gave me new perspective in other areas I had not thought of.
I will be paying this forward!
November 8, 2020
This is a great book for people that are looking to see money differently.
Displaying 1 - 5 of 5 reviews