financial fitness

The Intersection of Self Improvement and Wealth Improvement

In this weeks edition of Monday Morning Quarter-Buck, financial planner Kerrie Beene, CFP® (our resident self-help “junky”) dives into her favorite topic! She shares the top 10 books, podcasts, and YouTube videos and her current favorite self-help tip.

By: Kerrie Beene, CFP®

September is designated as Self Improvement Month. Most of us want to “improve” and become better people.  Someone once coined the phrase, “there is always room to improve” and it has stuck around for decades. I firmly believe this.  Each day I think we should all wake up and say, “How can I be better than I was yesterday?” 

However, thinking about improving can be overwhelming. Especially given all the areas in life there are to improve.  My suggestion is to look at the 8 areas of life and just pick the one you need the most work on at this time.  

8 Areas of Life

  • Personal/Spiritual Development

  • Physical Environment

  • Finances and Wealth

  • Friends and Family

  • Career/Business

  • Fun, Recreation, and Entertainment

  • Health and Fitness

  • Love Life

Once you decide which area you need the most work on, your options to educate and improve yourself are limitless.  As a self help junkie, I use every form of consumption I am aware to absorb the information. You can read books, listen to content, attend seminars/webinars, etc.  

The self improvement industry in the United States continues to grow each year.  According to marketresearch.com, the self improvement industry was worth $10 billion in 2016 and continues to grow each year.  Below, I will list some of the easiest ways to increase your knowledge about how to “improve” yourself.

Reading - There are multiple books available for any area you would like.  Amazon has a list that updates hourly based on the top sales. Currently (August/September 2019) these are the top 10 books in the self improvement category.

  1. The 7 Habits of Highly Effective People by Stephen R. Covey

  2. Unlimited Memory - Kevin Horsley

  3. Tribe of Mentors - Timothy Ferris

  4. Find your Passion: 25 Questions you must ask yourself - Henri Junttila

  5. Maybe You Should Talk to Someone - Lori Gottlieb

  6. Showing up For Life - Bill Gates, Sr.

  7. The Subtle Art of Not Giving a F*ck - Mark Manson

  8. The Traveler’s Gift: 7 Decisions that Determine Personal Success - Andy Andrews

  9. Empath: A Complete Guide for Developing Your Gift and Finding Your Sense of Self

  10. Atomic Habits - James Clear

Listening - If you don’t like to read, consider listening to a book.  Audible.com has the section listed as “self development.” There are over 52,000 titles available and here are the current top 10.

  1. Lightly: How to Live a Simple, Serene & Stress-Free Life - Francine Jay

  2. Can’t Hurt Me: Master your Mind and Defy the Odds - David Goggins

  3. Unf*ck Yourself: How to Get Out of Your Head and Into Your Life - Gary John Bishop

  4. The 7 Habits of Highly Effective People by Stephen R. Covey

  5. Girl, Stop Apologizing - Rachel Hollis (one of our favorites on the team)

  6.  Atomic Habits - James Clear

  7. The Subtle Art of Not Giving a F*ck - Mark Manson

  8. Dare to Lead - Brene Brown (One of Amy’s Favorites)

  9. How to Win Friends and Influence People - Dale Carnegie

  10. Never Split the Difference: Negotiating as Your Life Depended On It - Chris Voss

Podcasts - this form of medium is a little newer to the market compared to reading and listening to books, but I believe it is here to stay.  Google listed it as best motivational podcasts and here are the Top 10

  1. The School of Greatness with Lewis Howes

  2. The Gary Vee Audio Experience

  3. The Tim Ferris Show

  4. Hidden Brain

  5. Art of Charm

  6. The Dave Ramsey Show

  7. Oprah’s Super Soul Conversations

  8. The Minimalists Podcast

  9. This is Your Life

  10. TED Talks Daily

YouTube - According to gedground.com, these are the most popular YouTube channels for Self Development

  1. TED

  2. Actualized.org

  3. Evan Carmichael

  4. Lewis Howes

  5. GaryVee

  6. Goalcast

  7. Neil Patel

  8. Be Inspired

These lists are a great start to those of us who are always looking to improve.  There are other options, like seminars, however these are the forms available at your fingertips daily.  

I have read and listened to most of the items listed above.  However, one thing I have noticed is that as I age and life gets busier, it is a little harder to improve in multiple areas of life at a fast pace and it can be overwhelming to think we need to improve in all areas of our lives.  My suggestion comes from one of the books listed above, Atomic Habits, focus on getting 1% better each day. Often when we look to improve, we set the goal so big that we lose motivation and feel overwhelmed. So focus on just getting 1% better.  For example, if your goal is to start exercising, just start walking everyday and create the habit instead of planning to run a marathon next month. Create the habit, then work on small improvements. If your goal is to read more, don’t buy the thickest book you can find and try to read it in a few days.  Grab a book and just set a goal to read 15-20 minutes before bedtime. “Be the Tortoise, Not the Hare.” Don’t forget, if you would like to improve your finances, that is our passion at Rooted Planning Group and we are here to help!

Good Luck with your Goals and Happy Self-Improvement Month

Building a Plan to Relax, not React

Building a Plan to Relax, not React

Relaxation, the word sounds so happy and peaceful.  I recently saw that is was Relaxation Day on August 15th, and the thought of a day set aside for relaxation sounded great. Quiet, a good book, a comfy armchair, sunshine in a hammock, a massage, whatever your variety of relaxation the thought is sure to bring a smile to your face. I am a huge proponent of taking down time to recharge, but sometimes if you are dealing with stress it can be almost possible to relax. 

Monday Morning Quarter-Buck: A Gift for Grads

Congratulations to all the college graduates and their families!  

We know last weekend was a big event in your family and we want to provide a gift that helps college grads jump into the “real world” with a solid financial foundation. That’s part of why we created our "Untangle Your Roots" Series. This program is $30 per month for 12 months and it offers a variety of information and education to help the recent graduate get financially fit. Each month, the participant will complete another task on the road to success. 

In addition, we have something different for the blog this week: With the Indy 500 approaching, we thought it would be fun to put together a quiz about both the Indy 500 and the S&P 500.

We hope you enjoy this week’s fun trivia:

Test your Indy 500 and S&P 500 Knowledge