Marie Forleo introduction

Hi!

I'm Marie

You have gifts to share with the world and my job is to help you get them out there.

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So you’ve finally started making some money in your business. Now what?

Do you reinvest in your company, save or something else? How should a successful business owner handle profit management?

Making money is one thing. What to do with it once you have some is a whole other ball of wax.

If you’ve started making money and you’re not sure what to do with it, watch this video. I’ve got a few important questions you need to answer before you start spending or investing anything.

You’ll also get my top three great resources to help you learn how to spend your money, manage your personal and business finances, and invest for a solid financial future.


Truth be told, we could talk about money for months, if not years. It’s such a rich (HA!) and important topic.

But since I strive to keep my videos to under six minutes, the goal is to get you started in the right direction.

In the comments below, I’d love to hear a two things.

1.  What are your favorite financial blogs, books, gurus and resources? Please be specific and tell me exactly who or what you like and why. The more details the better.

For example: “I like Bobby Big Money because he wears animal print pants and has a porn star name.”  That’s entertaining, but not useful.

On the other hand, “I highly recommend Debt-free Debbie because she focuses exclusively on getting out of debt and her strategies have helped me eliminate over 23K worth of consumer debt in under a year. Here’s exactly what I did…”

Way more useful.

2.  What stories or insights can you share about how to spend your money once you start making it? Any great lessons you’ve learned along the way?

Thank you, as always, for tuning in and… for sharing your ideas for how to start a successful business!

xo

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113 comments

  1. I am a young’un. I don’t know much about money at all, but if there are any other young’uns out there — I really like Life After College by Jenny Blake. Go to her website or ask her for a free pdf of her Money Chapter. She gets you started with the basics. Some things I never realized as a young woman who’d been under the financial care of mommy and daddy for a couple of decades. And has other book recommendations that will help you go DEEPER as you get started on your own in this crazy world.

    • marie

      @Doka – Jenny Rocks 🙂

  2. Vicky

    Loved this, been a fan of Ramit for ages (think he brought me to your site as well!). Off topic question: WHERE DID YOU GET YOUR DRESS? I adore it!

    • Catherine

      yeap, great great dress, Marie – agree Vicky !

      • Fabulous dress for a fabulous video. Seriously Marie. Even those Tuesday’s are my busy days, I look forward to them…thanks to you!

    • hey Vicky! Marie’s dress is from h&m 😉

    • Georgia

      I did too started following Marie after an email of Ramit! 🙂
      I also like the Daily Worth and the more “woman’s view’ on personal finances.
      G

  3. My absolute favorite financial guru is Dave Ramsey. I struggled with debt and after a lot of diligence and hard work I paid off over $40,000 worth of debt, built a savings of nearly $30,000 and was able to purchase our brand new vehicle off the lot in CASH! Today my husband and I are debt-free and living life to the fullest! I highly recommend his Financial Peace University program and his new book EntreLeadership. <–A must read!

    I'm also a huge fan of Michael Port. His book "Booked Solid" helped me learn how to say no to clients that weren't worthy of the "red velvet rope" policy and since then I've only worked with clients I love. It's been mutually rewarding for all parties involved.

    One of my favorite business newsletter's is Carol Roth's from Carol Roth.com Her newsletters are always jammed packed with really great business resources and articles.

    And of course, I can't live without my Q+A Tuesdays! Marie, since finding you 10 months ago, my business has grown exponentially. Your newsletters + B-school = A very happy, successful and inspired Rachel Luna 🙂

    Thanks so much!

    • marie

      Awesome Rachel!! Thanks for all those recos + the amazing treats you sent!! And congrats again on kickin’ butt 😉

      • Oh yay!!! You got them! So glad to hear it. 🙂 But really, all the thanks to you Marie. You have completely changed my life and my business. xoxox

    • amy

      I was at Barnes and Noble last night and bought “Book Yourself Solid.” I had never heard of Michael Port before, and typically when I see a book at B&N I get it from the library or used from Amazon, but just flipping through the book it looked like exactly what I needed- RIGHT NOW. I’m through chapter one so far and really liking it- I love his specific action steps throughout the book and companion workbook.

      Also huge fan of Ramit and Suze!

      • Amy, Booked yourself Solid is AWESOME!! Hope you enjoy it as much as I did. xxoxox

    • I also like Dave Ramsey. My husband and I have paid off $40,000 in debt following his advice and are on track to be debt-free except for our mortgage in the next couple of years because of him. Although people should be aware, he is very religious and sometimes this comes through in his advice, which may turn some people off. I myself am not religious at all, so I ignore that aspect of him because what he says about money and avoiding debt just makes so. much. sense.

    • Hiya Rachel. I’m glad the Red Velvet Rope Policy helped you do your best work with the people you’re meant to serve. Keep tightening the rope as you getting bigger and bigger!

      Marie, love the videos as always. I’ll call you soon hot stuff…

      – Michael Port

      • Hi Michael! Thanks for the shout out. The Red Velvet Rope policy is one of my 10 commandments of business! I’ve also been enjoying the extras on your website and revisited the List of 20 and Network of 90 principles. Priceless info! Thanks again! xoxo Rachel

  4. Hey Marie

    Thanks for answering my question. Your questions were just what I needed to push myself further.

    If you want another great online finance guy (with some Australian tell it like it is style) then check out Scott Pape the Barefoot Investor http://www.barefootinvestor.com He is very cool.

    PS – well done saying my name correctly – it was spot on.

    Ainslie

    • marie

      Awesome! Love more reco’s 🙂

    • Hi Ainslie

      Great question and congrats on making online dollars. As an Aussie, Im about to check out your site.

      Ciao

      Rosemary

      • Yay for the Aussies! Marie, great Q&A and really helped me focus on the must have plan for my money, not just making it!

  5. Amanda Steinberg, MP Dunleavy, and the whole Daily Worth (http://dailyworth.com) team are at the top of my money-life changers list.

    And a woman on-fire for women’s finances that I met through DW, Manisha Thakor (http://manishathakor.com) is another I would add to the list! She is currently writing a Money Zen column on her blog that is hot hot hot.

    Two things I’ve invested in since I started early seriously bigger bucks are platforms and personal care.

    I DIY’ed and bootstrapped my business – just like so many – so one of the best ways I relieved stress and gave myself more time was to make sure I wasn’t just cobbling together free systems anymore. I wanted each & every system that I, my team, or my customers encountered to be profesh.

    As for personal care, I’ve been getting fortnightly massages for the last year and it’s a been a superb investment. It reinforces my own personal feelings of success while destressing me and setting things right!

    • marie

      Love all of what you shared Tara – especially Daily Worth (Amanda is one of my favs!) xoxo

  6. Thanks for this Marie – I love specific book recommendations. I also adore Barbara Stanny, author of “Overcoming Underearning” and “Prince Charming Isn’t Coming” as well as several other books on money and women.

    • marie

      Yes yes on Stanny! She’s fantastic 😉

  7. I really enjoyed reading Rich Dad Poor Dad several years ago as it sets you up with a great overview of all the options available to you in spending and investing your money wisely (even if US focused).

    Think and Grow Rich by Napoleon Hill is a must read beyond just monetary meaning, it’s a fantastic and inspiring book.

    One of my mentees who’s rocking it by making finance much more fun to understand, especially for women, is Nicole Fende, Chief Numbers Whisperer at Small Business Finance Forum http://smallbusinessfinanceforum.com/
    Great sense of humour too.

    Best lesson I’ve learned to turn my online business into a thriving one is to invest in myself and in others. The minute I viewed hiring team members as an investment to grow my business the minute it returned dividends to me. The same goes for investing in my programs and products – more people buy them as they view them as quality. It may seem hard to do when you’re starting out or low on cash but trust me it’s worth it.

    Natalie (aka Suitcase Entrepreneur)

    • marie

      Yes Natalie – Rich Dad, Poor Dad totally rocked my world too as did Hill’s classic. Great stuff, thanks for adding your resources.

    • Natalie,
      I second your recommendations! I would have to say, “Rich Dad, Poor Dad,” was a big eye opener for me, over 8 years ago, as well! It was my first realization that my perception around life and money had to change before my bank account would ever change.
      Also, I think Napoleon Hill was like waaaay before his time with his advice. A great classic and powerful recommendation right there!

      Marie, thanks again for that powerful food for thought! I appreciate you!

  8. Hey, Marie!
    Huge fan here–love your videos! I’m a personal finance expert known as Money Girl and wanted to recommend 2 of my resources to help your peeps master their money:
    1) Money Girl Podcast — free on iTunes and at http://QuickandDirtyTips.com
    2) “Money Girl’s Smart Moves to Grow Rich” — award-winning book published by St. Martin’s Press this year. The paperback or e-book is on bookstore shelves or at Amazon.com, etc.
    I love making money EASY, so my top-rated podcast breaks down complex personal finance topics in a fun way in under 10 minutes each week. Millions of folks download and learn from the show–find out more at http://SmartMovesToGrowRich.com

  9. I’m a huge fan of Adam Baker over at Man Vs Debt. I found my credit card debt totally overwhelming and had no idea where to start. Honestly, I’d been putting all of my bills in a drawer, unopened, letting them collect dust for about 6 months. Yeah, true story. Adam talked about the emotions of money, the smallest possible steps to take to make progress, and the idea of building momentum (letting small successes lead to big successes). Three years later and I’ve paid off 5 of 6 credit cards while making minimal money (unemployed then moved to Cambodia to change the world).

    • Leigh,
      I can totally relate to the stacking the bills up to collect dust scenario! Kudos to you for all you achieved and for changing the world while you were at it!

      Blessings,

      Rachel xoxoxo

  10. A agree with Natalie about Rich Dad Poor Dad by Robert Kiyosaki. I read this book a few years ago and it was a real wake up call about the mindset around money. He has other resources as well that help people get themselves in the right mindset for upgrading their financial intelligence and taking control of their financial future.

  11. Hi Marie
    I love Q&A Tuesdays!

    Robert Kiyosaki woke me up when I started my first home business. Since then I’ve gone on to read all his books and one of my faves is ‘The Conspiracy of the Rich.’ Pretty much everything he has predicted over the last years is now coming true.

    I also love Kim Kiyosaki’s ‘Rich Woman’ book all about investing and was so inspired I started a Facebook group around that topic.

    Susie Ormond gave me a kick up the butt too and showed me how to get out of debt and since then I’ve become a pro at using credit cards to finance my business without paying high interest.

    Martin Lewis is a fab British financial guru for UK readers with updates happening in real time in his free newsletter about how to make the most of what you have and which credit cards offer best deals.

    Thanks and see you next Tuesday 🙂

    • Rachel! You just helped me realize that I bought Kim’s book and I’ve never read it! Look like I need to change that, especially after hearing about how inspiration it was for you.
      Thanks!

  12. Great video as always Marie! Barbara Stanney is excellent as well.

  13. I always love Q&A Tuesday, but I was so distracted today by Marie’s rad ring!!
    Damn, I couldn’t take my eyes off of it! Can’t wait for RHH Live this week and hear Ramit talk $$.

    With gratitude,

    Jennifer

  14. Love my girls hard? LMAO

    I soooooo agree Marie that we need to educate ourselves about money and become financially smart. An absolute necessity.

    Here are 2 sites that I love; learnvest.com & dailyworth.com

    Once you have saved, re-invested and spoiled yourself for your hard work it’s a great idea to support a charity that absolutely needs your help.

    ATTENTION SHAMELESS PLUG*** 🙂 🙂 🙂

    I just wrote about a horse refuge near Ottawa on my blog after visiting it with my Yoganistas; what an amazing cause. You can read about it here:
    http://yoga-a-porter.com/blog/news/help-refugerr

    Merci Mariiiiiiiiiiiiiiiie! Tu es fabuleuse!

  15. Awesome topic! I have learned a lot from Manisha Thakor…she’s a very brilliant woman with lots of financial wisdom about the practical stuff that women don’t do and NEED to in order to be financially secure in their life. Serious nuts and bolts stuff that NO ONE ever tells you that definitely will affect your decisions about college and other higher education, having kids, how big of a house to buy, etc. She dishes it like it is and I appreciate that about her.

  16. I’d recommend @LoraSasiela and @taragentile. Also, http://www.learnvest.com offers a great pool of resources.

    PS. Marie, where did you get your shirt – LOVE!

    ~Nikki xoxo

  17. If you’re feeling broke, read The Richest Man in Babylon, it’s written in fable form and gets you paying yourself first from whatever your circumstance.

    Daily Worth is a women’s financial blog that features thought provoking topics in a super short format.

    No one opens a can like you, Marie….

  18. My very favorite thing about Ramit Sethi is his constant focus on spending lavishly on the things that matter to you and brutally cutting the rest. It’s easy to get caught up in the frugality game to the point where you feel guilty spending money; I much prefer to consciously choose my priorities and use unimportant cuts to fund the stuff I actually care about.

    I also love Ramit’s no-B.S. approach. For those who like that kind of thing, I highly recommend Matthew Kimberly; he helps entrepreneurs and business owners, and does it with attitude (he’s a Booked Solid coach, so it’s probably fair to say he’s like a combination of Ramit and Michael Port).

  19. Thank you Marie–and congrats Ainslie for making $ with your online biz.

    All the resources you provided were wonderful. I also appreciate that you deferred to the experts for the financial advice. Like many commenters here, I loved Rich Dad, Poor Dad, and consider it “the financial bible.”

    My #1 money tip, and it’s not a sexy one, but it’s live within your means. I worked two jobs to put myself through grad school, and I’ve never regretted that decision.

    P.S. Nice festive outfit;).

  20. I just love your show! You make me laugh and I really enjoyed your topic today…I am going to read more about money related issues. You are right that noone teaches us about money in school and also…It’s never too late to look into waht you get do to educate yourself on this important subject.

    ~ Nathalie

  21. Completely agree with your recommendation Marie on Smart Women Finish Rich!! I’m one of those who ‘loves my girls’ too! And I got them each a copy with a little tabbed file folder to get them started on the right financial path. I will be honest – I also loved Personal Finance for Dummies. It’s a great introduction to terminology, really sets up the basics, etc.. Thanks again for another great Q&A Tuesday

  22. Marie, are you reading my mind? I was literally just thinking about this exact thing and then thought I’d go online to think of where to invest!

    My fave guru at the moment is Ramit Sethi. Although I only recently stumbled upon him and joined his list, I love what he says about how people need to have an entrepreneurial spirit. E.g the guy with the 9-5 can still earn extra £ by having a mini-business.

    Loving the above suggestions about money gurus and will defo check them out. Thanks ladies!

  23. I highly advise visiting the website, attending a workshop, or experiencing in some way the mega wisdom of Derek O’Neill. He helps you apply the most ancient of teachings practically to today’s world. http://www.SQ-Wellness.com

  24. Hi Marie! Thanks for yet another awesome Q&A Tuesday.

    My fave money guru is an old school guy. Peter Lynch. I read his book “Beating the Street” years ago and it opened my eyes to investing in the stock market. Big time! He made it simple, easy to understand and cut through the B.S.. Happy to say, I followed his advice and that is going well.

    See you this weekend in NYC!

  25. Marie, thanks so much for sharing this. Money is such an important topic and one that unfortunately still has taboo qualities. As a financial therapist/money coach, I recommend LearnVest.com and DailyWorth.com to my clients all the time. Both serve up palatable daily tidbits of financial advice. xo

    • Lora is right based on her recommendation I have been using DailyWorth – awesome resource but also make sure to check out Lora’s site http://financiallysmitten.com – she is an impressive resource for anyone looking to, as she says ‘rock their money mojo’!

      • I was also going to reccommend Lora Sasiela’s blog http://financiallysmitten.com

        I came across her website and instantly related to the claim..”maybe you are an entrepreneurial woman who weeps at the sight of her shrinking investment portfolio and rising debt. Perhaps a divorce, job loss, sizable inheritance or another life transition places your personal finances into a tailspin”.

        She has great articles on the blog that are more practical and speak to the psychology of spending and earning. Getting the newsletter really helps me to check in with myself and make sure Im working towards clarity with my money habits.

        On that note – I also set up to have an appointment with an business account manager at my local CHASE bank every month. We have been meeting up to go over all my fixed and variable costs, the week before all my credit card payments are due. Knowing I have to show her my numbers every month keeps me in check. (I would be so embarrassed to show her if racked up Starbucks receipts). Its working to keep me accountable and not feel like I’m going it alone. Plus, ITS FREE!! (well I usually bring her a Starbucks and she raises an eyebrow at me but finishes the whole thing) 😉

  26. * Akua *

    Great info as usual Marie! Thanks so much! 🙂
    I really appreciate T. Harv Eker’s “Millionaire Mind” workshop, books and perspective.

    Hope this helps! 🙂

  27. Great post, Marie. If you want to start a real businees and make it last, you have to have a plan and build the future, not just hope you somehow keep growing.

    People also think that every penny they make is theirs to blow. These people go out of business.

  28. I wish I had someone like Jenny Blake after I’d finished working my way through college! She is awesome.

    So many of us were not blessed with early-life training about money & credit and in fact inherited really messed up ideas about our relationship with financial stuff. I was a late bloomer and struggled with managing my credit well but once I got a handle on it there was no stopping me!

    It’s been wonderful to move from kinda shady credit to CrazySexyCredit – which (prepare yourself for a shameless plug!) is the name of my new website helping women Live Rich by developing a healthy credit & money mindset. I see it as the Jedi training program in credit for the ladies!

    So check it out when you have the opportunity, y’all
    http://crazysexycredit.com

  29. You look so pretty today Marie, glossy hair, gorgeous skin, cool dress- wow!

    I used to have my head in the sand around money and now I LOVE this topic.

    As a new business owner I have ALOT to learn about how to connect my gifts with people, setting up the channels and structures so money can flow to me.

    It starts by uplevelling my wealth consciousness by reading.

    My FAVE book is still the first one I read on finances and wealth building called SECRETS OF THE MILLIONAIRE MIND- wow! Harv Ecker doesn’t mince words and made it crystal clear that certain thoughts were like ‘cutting our own throats’ when it comes to wealth.
    I remember I was SO broke when I bought this book that I had to think twice about it even though it was at a second hand store for 5 dollars!
    I read it then I actually gave it to my husband FOR CHRISTMAS that year.

    After he read it, he booked us into the free millionaire mind seminar that comes with the book and we had an amazing weekend- bonding and learning about our money story!
    Within 2 months of reading that book, my husband purchased a duplex that hadn’t been listed yet so he made money off the top in a private sale- then sold it 2 years later for a tidy profit! It was a miracle how he did that considering our finances with him being an entrepreneur who has a seasonal business and me a stay home mom with no income- =mindset is key.

    Since that success, we have both read Kyosaki, Trump, Suze Orman (we visited our lawyer and got our wills etc in order and both have accountants and bookeepers now), David Bach- and I will definately check out your boyfriend mr Ramit 😉

    Finally when I started my business a year ago this week (yae!) I only had one book to sell- which did well and is still selling around the world, but itsn’t a business.

    So to go further faster, I hired a mentor to teach me how to run my business, soul artist Laura Hollick. I spent several months getting up to speed then my first launch was 5 figures and I am just gearing up for my second launch that is on target to double that or better. I have a plan for next year and my goal is 6 figures within 6 working part time while raising my family.

    Now, I love creating wealth through a business that is based on being me- money is fun and a spiritual vehicle for expansion 🙂

  30. Love Ramit’s no-BS approach – it’s so refreshing! Thanks for the great tips Marie, as always!
    There are some great recommendations here in the comments too – going to check these people out. Thanks everyone!

  31. Thanks for the great info Marie. Love David and Suze as well. I’m also a huge fan of T. Harv Eker for his work on mindset around money and Robert Kiyosaki because he teaches you to question, question, question and think about making money in different ways than the standard and traditional.
    I don’t want to be part of that mouse on wheel concept of making/spending and each of these experts has given a piece of the puzzle.

  32. Thank you Marie. This vid is helpful and fun to watch, like all of your content!

    I love Edwene Gaines – The Four Spiritual Laws of Prosperity – a book that is easy to read, and easy to follow. She got me inspired to give money, circulate money, to people, places and institutions that inspire me (so to get into the practice of allowing money to flow) — yourself included, Marie! The other three practices are daily forgiveness work, goal setting and life purpose. All these things have greatly increased my income, well being and creative flow.

    Thanks again for the tips and all the great info in the comments. XO
    Love,
    Laura

  33. LOVE this video. Just added your recommendations to my Amazon wish list. 🙂
    My husband and I have been diligently practicing Dave Ramsey’s Total Money Makeover, which is having a hugely positive impact on our lives and our habits. And I found my way to him after some very sage counseling from Barbary Stanny (www.barbarastanny.com) who is a master at getting to the underbelly of one’s issues impacting one’s relationship to money.
    Can’t wait to read all of your recommendations! See this weekend!!!
    xoxo
    Nina

  34. Ooh I love this topic, and it’s actually perfect timing for me. The reminder to go back and figure out what your goals/vision is for the business was great too.

    In terms of investing, I really got a lot from reading “Buffettology” by Mary Buffett, which explains how Warren Buffett chooses his investments. I’d also round that book out with a few investing 101 books, to get a bigger picture too. (I really enjoyed Ramit’s book too.)

    The main thing I learned from Buffettology is that we should invest in things we understand, and things that have value. Sounds so simple and obvious, but with so many financial instruments like options, swaptions, etc it’s easy to get sucked into the hype of these “leveraged” things.

    I think this advice is just as applicable to business investments as it is to buying stocks/etc. 🙂

  35. Cassie Price

    My focus lately is on having a high, sterling credit score for both business loans and personal finance (mortgage, cars, etc). I have had some late payments due to funding running out on a contract with no notice and used up all my savings, and I had to use my credit cards to stay alive.

    I highly recommend, can’t say enough about Carolyn Warren and her two websites, http://www.askcarolynwarren.com and http://www.mortgage-helper.com/bk-score-inf.html, and specifically the link and e-book about how to legally clean up your own credit. Clean credit is literally something that can make or break a small business, especially if you’ve ever used credit in excess, but might still need loans (even SBA loans) to keep going. I didn’t clean up my credit myself, but I used someone that she recommended and he has cleared up nearly every negative mark on my credit and I expect to see a huge jump in the next credit reporting cycle (like mid to high 700’s).

    I’ve also read Carolyn’s books about mortgages and feel much more prepared for the next round.

    Other websites I highly recommend for getting and maintaining your financial house:

    http://www.mint.com to gather all your accounts (checking/savings, mortgage, brokerage, retirement, etc, including big banks and local credit unions) to see exactly where everything is going and where you can save the most money. Even if you use a bookkeeper (which I do, and she’s fabulous), being aware of my own financial picture has helped me make better decisions about the topics Marie discusses above. Funny how when you add up credit debt from two separate banks and compare it to your retirement how you make different decisions about where extra cash should go.

    I also subscribe to http://www.trucredit.com to monitor my credit report and my credit score.

    If you don’t want to pay for trucredit, http://www.creditkarma.com does what Tru Credit does but for free. However, your score is an estimate based off your credit report, rather than your actual score. It varied about 40 points from my actual score.

    I second and third Barbara Stanny for getting smart about personal relationships with money. I added 30k to my income in a few months after doing a seminar with her and I wound up doing less work because I valued myself. Priceless.

    Ramit Sethi-I learned where to be extravagant and where to be ruthless and opened up the most useful savings account in the world.

    Suze Orman-I learned how to deal with money when I had very little. She set me up for a lifetime of success. And yes, I have wills and trusts and durable power of attorneys in place. Makes me feel quite secure.

  36. Try SavvyLadies.com

  37. LearnVest LearnVest LearnVest!

    I love this site soo very much. It’s targeted to women and has an amazing offering of 10 Bootcamps, a Financial Account Management & Budgeting system that’s super customizable, and they just started their membership program. Honestly its been the best thing to get my personal finances in shape so that as my business explodes I’m prepared!

    My advice…

    This is straight from the mouth of my grandfather who at 89 still follows the stock market daily to support himself and my grandmother.

    “I started with one share!”

    Meaning, after retiring from the telephone company after 30 years with the full works of retirement benefits he decided to get into the stock market. Working like a turtle he still able to live the happy life and play golf (every week – seriously!)

    Other advise from him: “Do your homework!” He got me and my siblings started on tracking investments when we were just little kids. He gave us stock for our birthdays and taught us how they would grow. While I can’t understand Wall Street lingo, what he has taught me is the truth about investing for the long-term.

    Invaluable lessons that will last my lifetime!

  38. WOW – I’m so humbled by all of the DailyWorth love here! I also love Ramit and had the fortune of having dinner with Adam from Man vs Debt – as amazing in person as he is online. I also read GetRichSlowly.org, Barbara Stanney, Manisha Thakor, Galia Gichon, Tory Johnson (entrepreneurship), Gabrielle Bernstein (self-worth) and my prodigy of all prodigies – Tara Gentile. I’ll be back later as I’m sure I have 100 more.

    Again, thanks for all of the DailyWorth love – critiques so we can be better also always welcome. Xxx

  39. Hey Marie and everyone else with the amazing recommendations. I’ve just ordered ‘Book Yourself Solid’ and cannot wait to read it!

    The notion of starting with your intentions is a brilliant one. You don’t know where you are going unless you figure it out first, right?

    Awesome advice as always.

    – Razwana

  40. Spiritual Economics: The Principles and Process of True Prosperity by Eric Butterworth

    This book will change your relationship with money to help you do the more practical things. It encourages a change on the inside from a place of lack to abundance.

    For example, we often make reference to “emergency” accounts. In this book, Butterworth challenges you to change your attitude and refer to it as an “opportunity” account. He says that engaging in the emergency consciousness can actual create an environment for an emergency to happen.

    Just one little nugget of wisdom from this book. Highly recommended!

  41. As a money coach – I LOVE this topic!
    One of my favorite resources and mentor on the topic is Meadow DeVor: http://meadowdevor.squarespace.com/ She has a great perspective and is really fun to read.

    I 100% agree with Marie. The most important thing is to know what your goals are, to really know what you want that. If you don’t know what you want it’s really hard to create it.

    If you’re interested, I also answer questions about your relationship with money over on my blog http://www.christylambert.com

  42. And I forgot to mention Geneen Roth’s book lost and found was a great money resource. Gets you thinking about the psychology of money.
    I always say, if money was just about money, dollars and cents, no one would have debt. It doesn’t make sense. And since we do, it begs the question what’s really going on with the money.

  43. Hi Marie! Like everyone else :), I too love-love-love your videos and blog! I’ve read every book by Robert Kiyosaki, David Bach’s Automatic Millionaire (I *love* having everything be on auto-pilot!), and many others already mentioned. One I haven’t seen in the comments yet (warning: this is for true financial nerds…) is “The Creature from Jekyll Island” by G. Edward Griffin– it’s an outstanding introduction to the Federal Reserve, fractional reserve banking, and how we got where we are today. I loved it and highly recommend it!

    Also, if it’s OK to insert a shameless plug… I’ve just started my own financial website called Kung Fu Finance (http://www.kungfufinance.com/) with a mission to help 1000 people dramatically improve their finances in the next 12 months. I have an entire financial curriculum planned from White Belt all the way through Black Belt, and my goal is to make learning finance entertaining and fun instead of dry, boring, and intimidating!

    Thanks so much for all of the work you put into your videos and site– they are so helpful and I really appreciate the outstanding information! You’re an inspiration!

  44. I’m a big fan of JD Roth at the personal finance blog Get Rich Slowly – http://www.getrichslowly.org/blog/. He has lots of practical advice about how ordinary people can get out of debt, save and invest. He also has lots of guest contributors, which is great for different points of view or areas of expertise than his own.

    I also like Ramit Sethi, and he is how I became aware of you, Marie. I’m a little too old and married-with-kids for his core demographic, but I keep up with him periodically because I like his no-BS approach and emphasis on increasing your income and earning money on the side.

  45. Marie, i really like Brittany Castro who has a great blog that focuses on women only- “Financially Wise Women”
    @BrittanyCastro
    http://www.financiallywisewomen.com

    dkk

  46. For canadians – I love the milliondollarjourney.com

  47. Portia

    i want to start an online business but i dont know how to do it can you please help?

  48. Yikes, I am pretty new to learning about managing money and preparing myself for the future… so I only really know of Suze Orman (and I haven’t actually read much yet :P). But I will name drop the fabulous Karie Hill (www.kariehill.com) for turning me on to money dates. I’ve finally gotten my books in order and having a weekly money date to enter everything and get organized has been SO HUGE for me. It keeps me on top of everything and reduces my stress about money and finances. Plus once you start doing it, it’s so easy. 20 minutes and I’m all up to date! Great video! xo

  49. Ramit was recommended to me by a college classmate right after graduation. He really got me thinking about money – how I use it, what I want out of it, and why I want to be “rich.” And then I read some Suze Orman books. Only holy crap, did she scare the crap out of me when it comes to legal things – wills, medical powers of attorney, etc. Going to revisit them as soon as my business starts making money!

  50. Hey there Miss Forleo. The one money site I can not live without is http://www.mint.com. Mint has help my wife and I rock our financial domain to blissful submission. Before mint we struggled big time to know exactly where all our hard earned cash was going. Now that we have mint we are knowin’ where all our monies goin’. Mint links to all our Internet banking including credit cards, chequing/savings accounts, mortgage, investments and loans, and downloads all transaction to one sweet and sexy overview. It gives us a picture perfect snap shot of where we stand, where we can improve and most importantly where we are spending. Everyone should be on mint, it literally calmed the financial hurricane that was swooping in on our marriage. Amazing resource.

  51. Hilary Baumann

    +1 on recommending Dave Ramsey.

    He falls into that love him or hate him category as well but has excellent advice. There are things that I disagree with him about and take with a grain of salt but is still an excellent learning resource.

    He has a radio show (that’s also a podcast) BUT his book “Total Money Makeover” is a better place to start. I like his no nonsense, unapologetic “this is what I think” attitude. And he almost specializes in getting out of debt even though he does cover other topics in savings and wealth building. Anyone in debt however really needs to check out this book.

    Another would be Robert T. Kiyosaki. “Rich Dad, Poor Dad” and “Cashflow Quadrant” are two of his books that I would recommend. It’s been awhile since I’ve read them so I’m not coming up with a good summary here for him.

    Then Timothy Ferriss’s “4 Hour Workweek.” To me the book was more about efficiency than money but efficiency can make you more money. Marie, I’m surprised you didn’t include his book since I think he’s someone you know. 🙂

    These are at least just the first books and people that come to my mind on the topic of money.

    And I think I’m going to pass on giving people financial advice personally because I’m noticing a trend. People who give a lot of advice about money: people usually love them or hate them. 😀

    Summary of books I mentioned:

    “Total Money Makeover” by Dave Ramsey
    “Rich Dad, Poor Dad” and “Cashflow Quadrant” by Robert T. Kiyosaki
    “4 Hour Workweek” by Timothy Ferriss

  52. The book that was a turning point for me was “Why we want you to be rich” by Donald Trump and Robert Kiyosaki. I now help women leaders transform their wealth-consciousness, have money breakthroughs and take practical actions to support their growth. Some money and wealth books I love are Women and Money by Suze Orman and The Science of getting Rich. I am soooooo looking forward to hear Ramit and Russell at RHH Live.

    Come and say hello if you are there! 🙂

    Fatma XO

  53. My all-time favorite financial advisor wizard is Bari Tessler, who developed the Conscious Bookkeeping Method + Homestudy Program. Her program quickly got me to see how I was using my time, energy and money in order to support or NOT SUPPORT my values and goals. Hello! Eye opener! With that level of clarity I have been able to make some powerful changes in how I see money, spend it, save it, circulate it. She is pure genius for helping others to align with their big vision for their lives and their service here. She also told me about B School, which rocked my world in the best way ever!

  54. Would recommend: George Clason’s ‘Richest Man in Babylon’.
    Cheers
    Rosemary

  55. I love http://thesmithconnection.com/ they help you align your values with your money and make sure you are on track. I found that saving was actually painful and I had to learn to save and heal around the pain of it. I see that it’s about the $$$ and the emotional part too.

  56. Such a great topic/video, Marie. I really look forward to combing through these comments for more great leads. Thanks everyone for commenting.

    I’m another Dave Ramsey fan. I got out of 37k in credit card, school loan and tax debt in 2 years. After I made the decision to get serious about nixing the debt, doors opened for me. After the debt was paid, more doors opened. Any one reading who is feeling smothered by debt – it IS possible to pay it off. And it feels FANTASTIC when you do. I still have a ton to learn in regards to money, but paying off my debt helped me realize I have the power to do anything.

    I love Dave’s podcast. I like that he’s no nonsense, that he reinforces the same clear steps over and over. I like that his show is more than just about debt. It helped me focus on that, but also learn about other aspects of financial health. Some of the callers have such rough stories that its difficult to listen sometimes, but I appreciate that Ramsey treats them all with a firm hand + a kind heart.

    My next goal – buy a condo in cash. That’s a goal I can really get all zoomy about!

  57. The thing that worked to help me pay off some debt was the “snowball” effect. I paid off the smallest debt first (adding whatever extra money I could each month), then rolled that pymt amount to my next smallest debt. When you add those 2 payments together that puppy gets paid off. Then I did it once more, adding the first & second pymt amounts to my third minimum payment. I paid off dental, medical, and a lower amount credit card this way…years ago!

    I had forgotten about that! So glad this topic was brought up. It’s time I used the snowball effect again to pay off some bigger things…like my car!

  58. Marie ~ LOVING this video!! Some of my financial guru’s that have helped me are Suze Orman, T.Harv’s Millionaire Mind book & course, DailyWorth.com and Michael Port!!

    I use mint.com and I am very excited to check out Dave Ramsey!

    Can’t wait to see everyone at RHH Live this weekend!

  59. Holli Rovenger is an amazing women and someone to watch!!! She empowers woman to take control of their financial freedom. She has lived this.she continues to lives this and walks the road with us…She breathes her vision of financial peace for women. She, like Marie, has a passion for women that is evident in everything she does. Our lives are richer because of women like Holli and Marie!

  60. Thanks for the tip on Ramit Sethi- I’m definitely interested in his book, now.
    The other two I am quite familiar with- the IRS practices the automatic thing from the time you are legally able to earn a wage- that’s the analogy that has stuck with me from Mr. Bach’s book. Another one that I feel is a great deal of help, is, ‘Your Money or Your Life- 9 Steps to Transforming Your Relationship With Money and Achieving Financial Independence’, by Vicki Robin, Joe Dominguez and Monique Tilford.

  61. Rommy

    Great Q & A!

    This is one area that I should be more aware of. Thanks for reminding me of its importance. Future financial planning is foundational to future financial health.

    Thank you for the strong subject and message.

  62. I am so glad that you answered this question. I am an online business owner and love David Bach as my savings guru. He is an educator in the online community business that I sell. His exclusive education and services can be purchased through our website. We always need to be thinking about our future and what we are doing with our money.

  63. Such a great topic. I am (or I should say, have been) so focussed on trying to make some money, that I completely forgot that I need to have some idea and plans and knowledge for when I do make that money. Sorting this out now will help me get my money, because no money would come to me right now, seeing as I have no plan for when it gets here! Does that make any kind of sense? I hope so, as it makes sense to me! Now I just need to check out all the great suggestions – thank you everyone!

  64. Fazal karim

    Dear Marie,

    How are dear? Wonderful presentation. i like this.

    You are looking very beautiful in this vidio.

    My love to you,

    Fazal.@4.45PM/19.10,2011,Riyadh/saudi arabia

  65. I’ve read a lot of personal finance books, and the one that I consistently refer to is ‘The Richest Man in Babylon’ it is an oldie but goodie that was published during the Great Depression. It has a lot of timeless common sense advice in it.

    It also helps that I’ve lived in Germany for over the last 10 years. The Germans just don’t do debt. You *have* to pay the full balance of your credit card every month and carrying consumer debt is generally frowned upon. Years ago, when I announced to a group of German friends that I had paid off all of my credit card debt, a good friend of mine, bless her heart, looked at me quizzically – without a trace of sarcasm – and asked “But why would you buy something if you don’t have the money to pay for it?” Uh…great Point!

  66. Great topic here Marie, and one that is near and dear to my heart. Along with the great folks you mention I like “Rich Dad Poor Dad” by Robert Kiyosaki to start the shift in thinking about wealth building. For debt stuff I really like what Adam Baker is doing over at http://www.manvsdebt.com , and for some objective finance/investment articles moneycrashers.com is a nice little place to visit to get questions answered (I’ve been a past contributor). Of course my favorite book of all time is Think and Grow Rich by Napolean Hill. Thanks for all you do Marie!

  67. Great topic (and I love the sweater:)) –

    I’ve devoted a lot of time in the last 2 years upping my financial literacy. I remember a SARK book that said you can “choose to live with money or without,” and then gave no-judgment instructions on doing both. I finally decided it was time for me to learn to live “with” (and it’s quite a process!) and these are some of my favorites:

    Daily Worth (http://dailyworth.com) – These daily emails are a great way of slipping in money thoughts to my daily life without it feeling like ‘work.’

    Your Money or Your Life – Joel Dominguez & Vicki Robin’s classic book really got me to understand how spending is a statement of my values. I’m an actor, and reading this I realized I was spending relatively little on local arts institutions when supporting art-making is a core value (which I wrote a little story about here http://createasfolk.com/?p=1334)

    It’s Not About the Money by Brent Kessel – This book explores our money ‘archetypes’ and the behaviors we can cultivate to compensate for our archetypes’ weaknesses and enhance their strengths. It really helped me see the money stories in my family and released a lot of pain I had around how money issues have played out in our dynamics.

    Bari Tessler Linden’s Conscious Bookkeeping (http://baritessler.com). I am in the midst of the Home Study Course and it is by-far the best financial education course I’ve taken. Most others seem to pay lip-service to the ‘knowing your money story’ aspect of rewiring that part of your brain and rush to the action-steps of managing your finances. Bari trained as a psychotherapist and as such she has the confidence and tools to really take one through that, which, of course, then only makes it so much more fun and rewarding to get to the action-steps. She has a lot of free resources on her site.

    Thanks Marie for hosting this great conversation!

  68. I’m going to check out the folks you mentioned, Marie! I highly recommend David and Kristin Morelli of Everythingisenergy.com. Their approach to money is from a radical spiritual perspective. Money is only energy and without transforming our limited beliefs we will never learn to save, get out of debt, etc. Also, I really like Morgana Rae who teaches about financial alchemy for prosperity. xoxo

  69. The Millionaire Next Door by Thomas J. Stanley and William D. Danko really helped me change my thinking in terms of wealth. Status symbols do not equal wealth, it’s what’s inside (your bank account & debt load) that are the real indicators of financial health <3

  70. I liked the Millionaire Next Door, it puts things into perspective. It studied people like Warren Buffet who are millionaires and lives a modest lifestyle. Reminding us that showy consumerism is not really an indication of real wealth. I also liked The Richest Man in Babylon, it is wise and timeless.

  71. Anne

    I am in the middle of working through Bari Tessler’s Conscious Bookeeping Home Study Program. It’s been super helpful so far. Check out her website!

  72. I’m currently reading Barbara Stanny’s Overcoming Underearning, which is revealing the mindsets and habits that have kept me stuck in an “underearner” bracket. Working through the book, exercise by exercise, is freeing me up, financially and mentally. Thank you, Marie and everyone for more resources on this important topic.

  73. I LOVE this video! Definitely I have put myself in debt in the past and have worked hard to pay it off. I separated things and put them into jars back then (sounds old school I know) and separated what I could have for entertainment, food, etc. It really helped me keep track of my finances and get back on track. I saved afterwards with the help of the steps from the Automatic Millionaire and in no time had savings! Thank you for posting this, it’s near and dear to many of our hearts!
    From my sexy little heart to yours!

    Melissa Ramos – Nutritionist & Chinese Medical Practitioner
    Helping people feel sexy from the inside out.

  74. One of my favorite financial gurus is Dave Ramsey – he is no nonsense!
    Some people think his methods are drastic, but they work!

  75. Thanks, Marie for another great post! I agree with Kate’s pick, Barbara Stanny’s book, Overcoming Underearning. It seems to cover every money mindset possible plus behavior changing exercises, so I’m not sure if the title does it justice. My other recommendations are the”Personal Finance Workbook for Dummies” by Sheryl Garrett — a good workbook to get you started on your own planning — and “All About Asset Allocation” by Richard Ferri, for simple explanations and practical tips on how to set up your investments.

  76. Marie, I have to thank you – this video has rocked my world! I read Ramit and David Bach’s books and I’ve implemented nearly all of their action steps in the past 5 weeks. It has truly transformed my life!

    • marie

      Kerry! That is AWESOME woman. Huge big ups to you for IMPLEMENTING. Keep rocking and keep us posted.

  77. Great topic Marie. I just finished listening to the Prosperity Consciousness audio series by Frederic Lehrman…much along the same lines of what you speak of here. More evidence I’m heading in the right direction to money and wealth management as an entrepreneur.

  78. Hi Marie,
    Great topic! The most life-changing for me were Suze Orman for the basics and then T. Harv Ecker for the mindset, and BOTH are needed if you really want to reach your goals! That’s why on womenandmoneymag dot com we focus on both. 🙂

  79. Oh, I forgot to add a great one! Brent Kessel, author of “It’s Not About the Money.” He teaches you to really feel good about money and invest consiously (another huge deal for getting past money mindset hurdles). He also has some great audios on his company website. Here’s an article I wrote about him: http://tinyurl.com/8xbh8s6 . Thanks for this topic, Marie! So necessary for a successful personal and business life!

  80. I like Dave Ramsey, and his Financial Peace Univerisy because he starts with the basics and walks you step by step through budgeting, planning, retirement and more in a fun and easy to understand format. I was quite ignorant when I realized what a mess my finances were in and this course got me on track.

  81. Catherine Ruddell

    The Smart Cookies! They have a guide book for gals and another for couples. I read the book for couples, and it really helped clarify basic financial topics that many young women need help with such as paying off debts, making more money, saving, as well as more advanced knowledge – like the financial implications of marriage, mortgages and children.
    More importantly, there are great exercises to work through on your own and with your partner so that you can start building a life together on a sound financial foundation.

  82. Great topic! I definitely need to improve my financial skills. Thank you.

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