Managing money effectively is a skill that can significantly impact our financial well-being, unfortunately, our schools don’t teach us money as well as this unconventional resource.
While traditional money management resources like books, courses, and budgeting apps are invaluable, several lesser-known resources offer a fresh perspective on financial management.
The easiest way to get better with money is to explore as many money management resources as you can handle. You want to ensure you explore all the types available so you can find what is suitable for you and tailored to your individual need.
I prefer money apps or blogs written by money app managers since it is always convenient for me as I always have to barge into articles while doing my online transactions.
There are so many others you can explore, even, lots of finance blogs are popping up every day that teach real unconventional money management methods that work.
These money management resources will help you diversify your income, budget wisely, get out of debt and live a financially free life.
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Unconventional Money Management Resources
1. Podcasts/Blogs by Unconventional Money Gurus
Forget the typical financial gurus. Seek out lesser-known experts who offer unique insights into personal finance. Look for podcasts that challenge traditional financial wisdom and provide alternative strategies to grow your wealth.
These unconventional gurus may offer unconventional advice that could be a game-changer for your financial journey.
Unconventional money gurus are financial experts or influencers who offer alternative and non-traditional perspectives on personal finance and wealth management.
They often challenge conventional financial wisdom and provide unique strategies and insights to help individuals improve their financial well-being. Examples of good unconventional money gurus
Mr. Money Mustache
Mr. Money Mustache (real name Peter Adeney) is a prominent figure in the FIRE (Financial Independence, Retire Early) movement. He advocates for extreme frugality, early retirement, and sustainable living.
His blog and forum provide unconventional advice on cutting expenses, investing wisely, and achieving financial independence.
Ramit Sethi is the author of the book “I Will Teach You to Be Rich” and the founder of the website with the same name. He offers a no-nonsense approach to personal finance, focusing on psychology and behavior change.
Sethi’s unconventional strategies include automating finances, negotiating better deals, and focusing on high-value spending rather than strict frugality.
Vicki Robin co-authored the book “Your Money or Your Life,” which challenges the conventional idea of equating money with life energy.
She advocates for a values-based approach to money and encourages individuals to evaluate the true cost of their spending in terms of time and life energy. Robin promotes the concept of financial independence and intentional living.
Paula Pant is the creator of the blog and podcast “Afford Anything,” where she encourages people to design a life they love without being constrained by money.
She emphasizes the importance of making conscious choices about spending and investing in what truly brings joy and fulfillment. Pant promotes unconventional strategies such as real estate investing and location independence.
Jacob Lund Fisker
Jacob Lund Fisker is the author of “Early Retirement Extreme,” a book that challenges the traditional notion of retirement and provides a blueprint for extreme frugality and financial independence.
Fisker advocates for minimizing expenses, self-sufficiency, and reducing reliance on traditional employment through innovative lifestyle choices.
2. Behavioral Finance Books
Behavioral personal finance books explore the psychological and emotional factors that influence our financial decisions. They provide insights into the cognitive biases, heuristics, and irrational behaviors that can impact our financial choices.
Notable behavioral finance books
The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness by Morgan Housel
Morgan Housel explores the psychological factors that impact our relationship with money. He delves into the role of luck, the importance of long-term thinking, and the influence of our financial narratives on our decisions.
Housel provides insights into building wealth and finding happiness through a behavioral finance lens.
Thinking, Fast and Slow” by Daniel Kahneman
Daniel Kahneman, a Nobel laureate in Economics, explores the two systems of thinking that drive our decisions: the fast, intuitive system and the slow, deliberate system.
He delves into the biases and cognitive errors that affect our judgment, including loss aversion, overconfidence, and anchoring.
The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money
Carl Richards focuses on the behavioral aspects of investing and financial planning. He highlights common mistakes people make and offers practical strategies for avoiding them.
Richards emphasizes the importance of understanding our emotions and biases when it comes to managing money.
3. Community-Led Financial Workshops
Engage with local community organizations that offer free or low-cost financial workshops. These workshops often provide practical money management tips tailored to your community’s unique challenges.
Attending these events, you can learn from experts and connect with like-minded individuals who share your financial goals.
4. Digital Nomad Financial Resources
If you’re a digital nomad or aspire to become one, seek out resources tailored specifically to your lifestyle. Find blogs, podcasts, and online communities that provide insights into managing finances while traveling the world. These resources can offer unique strategies for earning, saving, and investing money in a nomadic lifestyle.
5. Banking/Money Apps
We have a lot of good banking and money apps churning out lots of educative and financial advice that can help customers and patronizers understand money better.
A lot of these budgeting apps have moved beyond individual budgeting apps and explored platforms that allow collaborative budgeting. These apps enable couples, families, or roommates to manage finances together, fostering transparency, accountability, and shared financial goals.
Incorporating unconventional money management resources into your financial journey can provide new perspectives, strategies, and opportunities.