PFStock is giving away a copy of the new book Psych Yourself Rich by Farnoosh Torabi. This is personal finance book that is geared toward people who are either in their 20s, or who have not yet established clear financial goals. Farnoosh, as she prefers to be called, departs from the formula for a personal finance book to save X amount of income and let it compound at Y% interest for Z years. Instead the text does not focus on numbers, but rather on the "psychology" of money. Rather than setting a monetary goal or a specific ratio of savings to income, Farnoosh invites the reader to personalize their definition of rich. You are asked to define "the kind of rich that leads to personal gratification."
The book explores the topics of what your philosophy and money beliefs are, and how your past shapes your relationship with money. The text is punctuated with special sections ("My Story") where the author narrates an event that occurred in her life or in the lives of people she has met. In describing her being laid off from TheStreet.com, Farnoosh reflects that a full-time job is no guarantee, and that one should hope for the best and prepare for the worst. (Having been downsized twice in the last decade, these are ideas that I can personally relate to.)
Farnoosh goes on to ask the typical job interview question of "where you want to be financially five years from now?" The book concludes with to a to-do list of ideas that she believes one can use to build financial independence.
Psych Yourself Rich: Get the Mindset and Discipline You Need to Build Your Financial Life by Farnoosh Torabi is available at Amazon.com and other book stores. It is published by FT Press, and the retail price is $22.99. But here is your chance to win a free copy in this PFStock Giveaway:
I will hold a random drawing for the book. The entry deadline is February 18, 2011. In order to enter:
1) Any reader can enter by posting a comment below. Choose any topic, but I will suggest the question "Where do you want to be financially 5 years from now?"
2) For an additional entry, web site owners can link to this post, to let other know about this contest.
3) Lastly, my fellow bloggers can add PFStock to your blogroll (must be accessible from blog's main page) for one more entry in the drawing.
You can enter up to three times using the the form below:
If the entry form doesn't show up click here to go to the entry form directly.
The drawing is limited to US residents. Visit farnoosh.tv for more info about Farnoosh Torabi and her book. A winner will be randomly picked from among the qualified entries received by February 18. Also, if you haven't already entered the 2011 PFStock Tax Tips Giveaway to win free tax software, you can do so here. Good luck to everyone who enters!