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My 4 Main Takeaways From Studying ‘Serviette Finance’


As a bookworm and a personal finance nerd, I love reading a good book about money. That’s why I was so excited when The Penny Hoarder launched a virtual book club in January to read and discuss personal finance books.

Our first book club pick was “Napkin Finance: Build Your Wealth in 30 Seconds or Less” by Tina Hay.

This ebook makes use of visible infographics to interrupt down a variety of material, together with budgeting, debt, retirement, investing, entrepreneurship and cryptocurrency. Hay refers to “Serviette Finance” as a “visible information to cash and finance.”

Listed below are just a few of my main takeaways from studying the ebook.

4 Issues I Realized From ‘Serviette Finance’

“Serviette Finance” stood other than different private finance books I’ve learn due to the best way the fabric was packaged. Along with studying extra about subjects like retirement and taxes, listed below are 4 issues that resonated with me.

1. Visuals Assist In Comprehension

As I discussed earlier, “Serviette Finance” is filled with colourful infographics, that are drawn up as if they have been doodled on the again of a serviette (therefore the identify).

Hay got here up with the idea whereas attending Harvard Enterprise Faculty. She would sketch out completely different monetary ideas to raised perceive them.

“Visible studying is a traditional idea,” she stated. “Mozart, DaVinci [and] Freud all used visible pictures and graphics to unravel their largest issues.”

Hay labored with a workforce of designers to create distinctive Serviette infographics for each chapter. She stated using visuals helps make monetary subjects much less intimidating and results in larger comprehension and higher retention of the subject material.

In case your eyes glaze over studying dense blocks of textual content in regards to the inventory market or macroeconomics, you may discover the images and charts in “Serviette Finance” extra pleasant.

2. Repetition Helps Retain Data

One factor I rapidly picked up on when studying “Serviette Finance” is using repetition.

Every chapter is damaged into a number of sections, and every part leads with a Serviette infographic explaining a unique monetary idea. After the Serviette, there’s further textual content increasing on the subject. On the finish of every part are key takeaways — an important issues you need to know. Then, every chapter concludes with a quiz to check your information.

Studying — or viewing — one thing as soon as isn’t all the time sufficient for it to stay in your head. When that materials is introduced time and again, nonetheless, there’s a greater likelihood you’ll retain the knowledge.

3. It’s Okay to Be Lighthearted About Cash

Too typically, monetary data is introduced in a means that feels stuffy and boring. “Serviette Finance” deviates from that by incorporating humor and lightheartedness into the fabric.

“We even have comedians that write for us and assist us provide you with these one-liners … form of like enjoyable sayings,” Hay stated. “They simply add some humor and lightness to a subject.”

The part on debt ends with the one-liner: “Not all debt is dangerous. Some is simply misunderstood.”

The chapter on retirement consists of this quote from creator Jonathan Clements: “Retirement is sort of a lengthy trip in Las Vegas. The purpose is to get pleasure from it to the fullest however not so absolutely that you just run out of cash.”

4. Studying a Little A few Lot Highlights Your Information Gaps

“Serviette Finance” isn’t a ebook that hones in on one particular subject, like getting out of debt or paying for faculty. It covers these topics but in addition touches on the right way to begin a enterprise, the right way to file taxes in the event you’re a gig employee, the distinction between mutual funds and exchange-traded funds and a lot extra.

There are 12 chapters, and every is additional damaged up into 4 or extra sections. You’ll get an introduction to a number of completely different core ideas, however these introductions are fairly transient.

The good thing about understanding somewhat bit about a number of issues is that you just’ll uncover the place you need to take a deeper dive. For instance, studying “Serviette Finance” helped me notice I must do extra analysis relating to cryptocurrency. Had the ebook caught to subjects I’m already very conversant in — like budgeting and saving cash — I could not have come to that understanding.

Why I Suggest Studying ‘Serviette Finance’

Should you’re a visible learner or somebody in search of a enjoyable method to studying about cash, “Serviette Finance” is a ebook you need to take a look at.

It doesn’t take monetary literacy too significantly however after studying the ebook, you’re prone to have discovered just a few new cash ideas and are available away with some subjects you need to discover additional.

“Serviette Finance” is a simple learn. It’s an excellent espresso desk ebook that you could decide up and flip to completely different sections. You don’t have to start out from the very starting and browse it in chapter order. The ebook is an extension of NapkinFinance.com, which incorporates much more infographics simplifying varied monetary subjects.

Should you’ve learn “Serviette Finance,” please chime in your ideas in The Penny Hoarder Community’s book club forum. We’d love to listen to from you.

Nicole Dow is a senior author at The Penny Hoarder.