Summary of Elizabeth Warren & Amelia Warren Tyagi's All Your Worth

By IRB Media

Please note: This is a companion version & not the original book. Book Preview:

#1 All Your Worth is about getting your money in balance. It consists of three categories: your must-haves, your savings, and your wants. When you get your money in balance, your money worries disappear.

#2 The old financial advice that you are in trouble because you buy too much stuff is completely wrong. For many people, it is impossible to take on a mortgage that is more than they can afford.

#3 The rules were different in your parents’ generation. The government strictly regulated the banking industry, which meant that the amount of interest a lender could charge was tightly limited. As a result, banks had to be very careful to lend money only to people who could comfortably pay them back.

#4 The new rules of money are very different from the old rules. You can’t count on the mortgage lender, the car dealer, or the landlord to protect you. You have to protect yourself by getting your money in balance.

• Language: English
• Publisher: IRB Media
• Release date: May 4, 2022
• ISBN: 9798822504516

IRB Media

With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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Insights on Elizabeth Warren & Amelia Warren Tyagi's All Your Worth

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 1

#1

All Your Worth is about getting your money in balance. It consists of three categories: your must-haves, your savings, and your wants. When you get your money in balance, your money worries disappear.

#2

The old financial advice that you are in trouble because you buy too much stuff is completely wrong. For many people, it is impossible to take on a mortgage that is more than they can afford.

#3

The rules were different in your parents’ generation. The government strictly regulated the banking industry, which meant that the amount of interest a lender could charge was tightly limited. As a result, banks had to be very careful to lend money only to people who could comfortably pay them back.

#4

The new rules of money are very different from the old rules. You can’t count on the mortgage lender, the car dealer, or the landlord to protect you. You have to protect yourself by getting your money in balance.

#5

The Caldwells were a couple who struggled with their money. They had tried to get out of debt, but every time they seemed to be getting out, something would go wrong. They had bought a starter home, even though they didn’t have the money for a down payment, which meant they were paying for two mortgages.

#6

The key for Brett and Brandi was to focus on the big picture and figure out where their money was out of balance. They needed to concentrate their energies on the big-ticket items and forget about the little things for a while.

#7

It has become easier to get in trouble with your basic monthly bills, but it has also become easier for your spending on extras to get out of control. Today, it is so easy to get out of control with the stuff you don’t really need.

#8

We helped Monica create a plan that would leave her with a sizeable portion for Christmas presents and movies with her friends, while still making sure she had enough left over to start paying off her credit card balances and building up some savings.

#9

If you are struggling to save, it is because you are spending too much on your Wants or your Must-Haves. To save enough, you must get these two categories