I never knew NFG before I read this book but I am glad I stumbled upon her on Instagram. The outline of How To YOLO Wisely is the typical beginner’s guide to personal finance books. She tells you the steps that you need to do in order to build your wealth. Build an emergency fund, clear debt, invest, and protect your money and all that. However, there were really good inspirational sentences that made me realize why I’m on this journey. And some were really funny. How To YOLO Wisely is conversational and an easy read yet it gives so much value. Plus, it’s free! You can click here to download the book.
Here are some lines from the book that I really loved.
I want my samgyup, my milktea, my travels, and my secured future, too! Asking me to choose one – mostly in favor for the future – is the same as asking me to live the life of a robot.
As much as we’re not working just to pay our bills, we are also not working just to save for our future.
Your answers here are the components for your money’s foundation. Building a strong base is the most crucial part in building anything. If you don’t want your money life to be wobbly, then you gotta make sure that you answer those questions as truthfully as you can.
Where your money goes is a clear reflection of your priorities
Money management starts and ends with your priorities.
Money is what you want it to be.
There’s no meaning behind money except the meaning you give it.
Money is just a tool.
With wise financial planning, proper money management, the right money-making skills, and a good set of friends, you’ll be able to check items off your bucket list one by one – with no limits.
This is also the first time I fully realized the importance of giving. Let me just add an excerpt here because NFG tells it so much better.
There is also a deeper reason for the Give Jar… It’s to eliminate your beliefs around money scarcity. If you’re clouded by the scarcity mindset, then you always feel like you never really have enough.
I only started giving regularly this year but it has already been life-changing. When I started giving, I realize that I always had enough. I am able to pay bills, save, and still have enough money to give. And this has changed my “always gipit” and “walang pera” mindset.
This book also made me realize that there are still some gaps in my financial plan. My health insurance is dependent on my employer and it doesn’t really cover critical illnesses. If I resign or if I retire, I will not have health insurance anymore. This made me think to have a health insurance backup plan. I already did some canvassing but haven’t really decided what to get. Have you thought about your financial plans lately?