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The Great Money Reset

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Member Reviews

I received this ebook from NetGalley because the idea of a reset intrigued me, as my family is in a bit of a reset period of our own. Our kids are independent and our expenses have dropped. We’ve been saving for retirement and are exploring some options for using our savings to have fun. It’s filled with examples the author has brought from her career as a financial planning professional and advisor. If you are looking for a book that will help you get your finances in order, this is not it. This is definitely written for people who are already fairly comfortable financially and are looking for options, primarily, but not solely, later in life. The book offers advice on what to think about when making a big life decision such as quitting your job to start a business or selling your house to move across the country and the effect it may have on your family relationships. The central theme is to not let fear or misinformation play an outsize role in keeping you from making big decisions when you feel like you need to make a reset. The book is well-written and easy to follow, but fairly repetitive, covering concepts that are pretty basic but bear repeating.

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This is a very interesting and useful book. I was familiar with some of the information, and some of it is common sense. However, the author offered a number of suggestions/made a number of points I had never considered or did not know about. I liked that the author highlighted key points in each chapter and then repeated those key points at the end of the chapter -- a final summary and action steps. If you are facing or contemplating a major financial change, or if you just want practical general advice on how to better manage your finances long-term, "The Great Money Reset" is a worthwhile read.

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For many of us, COVID was a game-changer. Because of the pandemic, many have looked at things & their life very different. While I haven’t pushed the button on a “great money reset” just yet, I can’t say I haven’t thought about making a huge change in my life. While I’m still wrestling with the idea, this book really gave me something to think about. If I do decide to pursue a “reset” on my career or life, Schlesinger’s advice here will ultimately play a role in it.

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This book is for the upper classes. I knew it was not for me when she described her realization that $475 shoes weren’t a necessity for her job. She also offered a money saving tip of canceling country club memberships. Do not recommend for most readers.

I am a library associate and received an advance copy from #NetGalley.

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This book had some good tidbits of advice but it's for a pretty specific demographic, probably not the people who actually need a reset but have few or no options. "Aunt Jill" (the tone of that and other comments made me cringe) has valid information to impart if you're a fan of hers or you can't find another source.

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The COVID-19 pandemic forced us to reevaluate our lives. With lockdowns and nothing but time to think about things many people started to question whether they should continue at their current job, start graduate school or not, and much more. People started to question what kinds of lifestyle sacrifices they will need to make or can tolerate in order to reach their dreams. The Great Money Reset will help you continue to evaluate your life and learn how to make big life improvements. There are tips for learning how to change your life, work, wealth, and more. The book takes you through ten steps to help empower you to thrive in life. Thank you to NetGalley and the Publisher for an ARC.

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Title: The Great Money Reset
Author: Jill Schlesinger
Release Date: January 24th, 2023
Page Count: 273
Format: Netgalley
Start Date: January 20th, 2023
Finish Date: January 21st, 2023

Rating: 5 Stars

Review:

This is a book that really impacted me greatly. I really need to buy a physical copy and read it again so I can annotate and tab it properly. This is a nonfiction book that gives advice on changing things for yourself financially. I thought it was going to be a very boring book when I first read what it was about. I was still curious enough about it to give it a try anyway. It was worth the try, and it's far from boring. There are multiple formats to read this book. I may also get it in audiobook as well as a physical copy.

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This is a comprehensive guide for how to responsibly blow up your life, monetarily speaking. In the last several years a lot of people have taken stock of their work and family situations and really examined what is and isn't working for them. Sometimes a radical change is needed--a sabbatical, career change, new business, or even early retirement--and this book lays out exactly how to think that through. It includes the basics (taking stock of your assets and liabilities, realistically assessing your spending, etc.) but also ventures into more complex topics like dealing with the IRS and estate planning. It's definitely written for a somewhat privileged audience and those with some familiarity with personal finance, but it's organized well and pretty readable for being a heavy topic. I would encourage anyone pondering a major life change to pick this up and heed the advice to be best prepared!

Many thanks to the publisher and NetGalley for the opportunity to read and review!

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This book covers personal finance for a post-COVID world, specifically, addressing how you may want to adjust your financial plan based on how the pandemic has made you rethink your life. A lot of us found that when our daily life was interrupted, we realized that we weren’t totally happy with the way things were going, and I found this inspirational to hear about some of the big changes others were making. For myself, I don’t feel the need to do a “great money reset”, but I still got ideas for smaller changes I may want to make. I would say about half the book focused on current events and a true reset, and half was more personal finance 102. But it’s well-written, a very easy read with an approachable tone, and includes both advice and personal stories to illustrate the tips.

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This book has some good, practical advice - if you're already pretty financially comfortable. Just about all of the real-life examples in the book are individuals who are already well-invested, have large savings, and don't have to really worry that much about a "rainy day". Personally, my husband and I are both underpaid, overworked frontline healthcare providers who are extremely burned out after the last several years of anxiety and fear working our asses off without much thanks during the pandemic. We're not in the same comfortable place to actually use much of the advice in this book. We'd both love to work less and have way less stress in our lives, but right now we can't visualize that BECAUSE we don't have much savings and we have child who we'll be sending to college in a little over a year. This book didn't provide any real lifelines for our situation. In fact, it made me feel like I need to work HARDER because I'm not where I should be at 46 years old. So here I sit, getting more stressed out that I'm not somehow making more money for the ridiculously hard work I do every day. Again, if you're already pretty financially comfortable and have extra funds to "reset", this book is probably great. If you're feeling the heat of inflation and like you're working yourself to death just to barely make ends meet each month, I'm not sure how practical this book will be. 2.5 stars rounded up to 3.

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I found a good book by accident

Posted on February 1, 2023 by Jack

It was an accident and later I thought it was a mistake. This is how I remember it. I had finished the book that I was reading on my Kindle. Since it was a Netgalley book, I figured I should review it. But I did not feel like it. I’d just put it off for a few days and look for a new book.

Truth is that I enjoy reading books more than writing reviews. So the next book I picked was The Great Money Reset. Title sounded good but when I started reading it seemed to be about stuff I was not very interested in. I thought I should write to Netgalley that this book was not what I thought and I would neither finish it nor review it. It was probably my mistake in not reading the book description completely.

But I’d give it a few more pages before writing. So I read a bit more and decided I liked this book despite my initial reaction.

I thought this was a financial planning book for the general reader and maybe the reset in the title referred to making changes because changing economic conditions. So I started reading and saw that the focus was on people who wanted to make a big change (or reset) in their life. Often the change involved changing a career from something very financially rewarding to something more personally rewarding.

This did not seem to apply to me who is happily retired and pleased with how his career and personal life worked out. But despite my initial impression, I found a good book by accident. The financial advice was sound and much of it would apply to all of us. The stories of people making major changes in their lives were much more appropriate than my first impression. I found reading these stories interesting. So my thanks to Netgalley for giving me a chance to read this before it was published.

The book is The Great Money Reset: Change Your Work, Change Your Wealth, Change Your Life by Jill Schlesinger. I did enjoy her style of writing and recommend this book.

Jill’s website is https://www.jillonmoney.com/. You might want to look at that before deciding if you think you might want to read this book.

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This read definitely felt geared toward those in a white-collar industry (which is fine, for me ... because I am in a white-collar job, lol--it just means it didn't always translate well to other non-white-collar roles, and a number of the examples were from those well above my pay grade--so even those seemed out of reach). A few other examples illustrated just how polar opposite the author and I are politically and socially, lol; this can be good, but also challenging.

I appreciated the fresh, post(ish)-COVID take on finances; it's always good to check out new-to-me voices and their approach to money. I don't feel I learned a ton of truly _new_ things, but the read certainly got the wheels turning as I look at making my own changes in a post-pandemic world.

I received an eARC of the book from the publisher via NetGalley. All opinions are my own.

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Making Life Changes

The pandemic gave many people an impetus to think about their lives, and whether they were satisfied or wanted to make changes. Jill Schlesinger tackles the issue of making life changes through financial decisions. Making changes in the end is not just about what you want to do, but how you can arrange your finances to make the changes possible.

The book has ten chapters addressing issues such as: allocating your resources so you can make a change, taking advantage of the tax code, and more. The author illustrates the principles with anecdotes from people’s lives. My only criticism of the anecdotes is that most of them were about people who already were quite well set up.

The book is easy to read. The financial principles are fairly elementary and explained clearly. Whether you’re contemplating a career changes, getting more education, or planning for retirement, this is book that can give you good advice for making these changes.

I received this book from St. Martin’s Press for this review.

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“The Great Money Reset” is describes the change you must make first in your mindset toward money. The subtitle, “Change your work, change your wealth, change your life.” Describes the results of that properly changed mindset.

The author presents financial principles and illustrates their veracity with the stories of callers to her podcast.

Unlike “Chicken Soup for the Soul”, the book is more than a simple collection of anecdotes; each story is presented to illustrate a point. And that point is get you thinking about the “money reset” you must accomplish either to adjust to an event you just experienced (like a job loss or illness) or to successfully accomplish the dream you have (career change, retire, marry, etc).

I recommend this book for anyone who has experienced or anticipates a dramatic change in their life. Reading it will get you thinking. Armed with a new mindset, you will be able to work more effectively with a financial advisor/coach/consultant to create and execute a specific plan to get you through to success.

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The many fans of Jill Schlesinger – her podcast “Jill on Money,” her appearances on CBS News, or her 2019 destined-for-classic-status book “The Dumb Things Smart People Do With Their Money” – will likely need little convincing that the “The Great Money Reset” deserves a spot on their reading list.

“The Great Money Reset” is firmly planted in the post-pandemic world. It picks up at the point where the reader has already decided to fundamentally reset their life and livelihood, either by choice or unfortunate circumstance.

Reviewed, as linked below.

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With THE GREAT MONEY RESET, Jill Schlesinger provides a map to navigate the unruly and unpredictable territory we are living post-lockdown and isolation. I so appreciate her down-to-earth advice, particularly the instances I live now where I pause and consider the future, my bigger picture goals. I am attempting now to make the shifts and work my way to decisions I know I have to make, but had been dragging my feet in denying. Will it be easy? No. Will it be perfect? No. BUT with this Schlesinger's guidance, I am better prepared to make smart decisions that work for me and my life.

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"The Great Money Reset" poses the question, "How far am I willing to go to change my life for future me?" because the changes you are about to make, with Jill's kind guidance, will set your future self up with a nice cushion to fall on. She addresses many worries that the reader may have, such as 'Can I retire early?' or 'Can I quit my job for a year to pursue my passion or hit the road?', with example stories and a step by step guide to success. Jill asks you to rethink your financial mindset from day to day survival mode to holding onto a long term vision and the endless possibilities it holds for you.

As a reader asking myself a lot of the questions Jill poses, I found this book to be a helpful guide in the new year as we enter 2023 and its economic uncertainties. With Jill's guidance, I can confidently say that I feel more prepared to faced the coming recession than I did two months ago.

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This book is a worthwhile guide for anyone reevaluating their lives and choices after the experiences of the pandemic. The financial advice is both timeless and timely, and relayed with both humor and compassion. The plentiful stories make the financial advice come to life.

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This book has many good suggestions on how to start to get out of the money making rut. Read it and work out your plan but my suggestion is “Do It!”. I am 76 years old and did do it but I did it very differently. I never let the desire for more money get in the way of living a great life. My philosophy was you only go around once in life so enjoy it. If you like working and making money then do it. If you want more experiences then get out and do it. I found jobs and money were always there when they were needed.. I now live in Ecuador where the philosophy is that life is made for living, I like that philosophy. Read this book and enjoy your life. You only go around once so Do It!

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As a committed daily listener to Jill on Money, I knew I was going to love this book before I even started.

I read the whole thing in Jill's humorous, no nonsense tone and got a little thrill whenever I recognized a story from the podcast.

Did the book offer a ton of information that I wouldn't have gleaned from my daily listens to the pod? Probably not. But it does put it all in one place so you don't need to compile all the steps and things to think about yourself by taking little bits of information from dozens of different episodes.

I enjoyed it but depending on availability I'd probably recommend the audiobook for friends who are less familiar with Jill's tone of voice and humor to help them understand her intonation a little more!

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