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

Listed here are a couple of of my main takeaways from studying the e-book.

4 Issues I Realized From ‘Serviette Finance’

“Serviette Finance” stood aside from different private finance books I’ve learn due to the way in which 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 Help In Comprehension

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

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

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

Hay labored with a workforce of designers to create distinctive Serviette infographics for each chapter. She mentioned using visuals helps make monetary subjects much less intimidating and results in greater 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 photographs and charts in “Serviette Finance” extra fulfilling.

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 distinct 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 must know. Then, every chapter concludes with a quiz to check your data.

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 offered over and over, 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 offered in a manner 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 mentioned. “They simply add some humor and lightness to a subject.”

The part on debt ends with the one-liner: “Not all debt is unhealthy. 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 objective is to take pleasure in it to the fullest however not so totally that you just run out of cash.”

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

“Serviette Finance” isn’t a e-book that hones in on one particular subject, like getting out of debt or paying for school. It covers these topics but in addition touches on find out how to begin a enterprise, find out how to file taxes if you happen to’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 numerous totally different core ideas, however these introductions are fairly temporary.

The advantage of realizing a bit bit about numerous 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 should do extra analysis in relation to cryptocurrency. Had the e-book caught to subjects I’m already very acquainted with — like budgeting and saving cash — I could not have come to that understanding.

Why I Suggest Studying ‘Serviette Finance’

In the event you’re a visible learner or somebody in search of a enjoyable method to studying about cash, “Serviette Finance” is a e-book you must take a look at.

It doesn’t take monetary literacy too critically however after studying the e-book, you’re prone to have realized a couple of new cash ideas and are available away with some subjects you need to discover additional.

“Serviette Finance” is a straightforward learn. It’s a superb espresso desk e-book which you could choose up and flip to totally different sections. You don’t have to begin from the very starting and browse it in chapter order. The e-book is an extension of, which incorporates much more infographics simplifying varied monetary subjects.

In the event 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.


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