The Great Money Reset audiobook cover - Change Your Work, Change Your Wealth, Change Your Life

The Great Money Reset

Change Your Work, Change Your Wealth, Change Your Life

Jill Schlesinger

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Key Takeaways from The Great Money Reset

Learning Tools

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Mind Map

The Great Money Reset
The Fabulous Five Assessment+
Strategic Consumption+
Workplace Negotiation (B-U-L-L-Y)+
Real Estate & Equity+
Entrepreneurship & Side Hustles+
Long-Term Planning & Mindset+

Quiz — Test Your Understanding

Question 1 of 8
When evaluating your debts and liabilities before a major life change, what approach does the author recommend?
  • A. Pay off all debts immediately, even if it means draining your cash reserves.
  • B. Balance paying down debt with maintaining liquid cash reserves.
  • C. Ignore your debts entirely until your new career is fully established.
  • D. Take on more debt to ensure you have maximum cash on hand for the transition.
Question 2 of 8
Which of the following is NOT one of the 'Fabulous Five' areas to analyze before making a major life change?
  • A. Calculating income and liquid assets.
  • B. Reviewing housing costs and potential for downsizing.
  • C. Maximizing high-risk stock market investments.
  • D. Factoring in financial obligations to others, like aging parents.
Question 3 of 8
How does the author suggest you begin transitioning to a more frugal style of living?
  • A. Sell all your unnecessary belongings immediately.
  • B. Run short experiments, such as living on a reduced income for a set period.
  • C. Cancel all credit cards and switch entirely to a cash-only system.
  • D. Slash all discretionary spending permanently on the day you quit your job.
Question 4 of 8
In the B-U-L-L-Y framework for negotiating a better role, what does the 'Y' stand for?
  • A. Yield to your employer's demands if they reject your first offer.
  • B. Yearn for a better position by showing extreme enthusiasm.
  • C. Yell your demands to project confidence and authority.
  • D. Don't 'Yuck it up' by making threats, getting aggressive, or burning bridges.
Question 5 of 8
What is the author's advice regarding the timing of selling your home to fund a lifestyle change?
  • A. Wait until market conditions are absolutely perfect and you have a flawless plan.
  • B. Only sell your home once you have already secured your new dream job.
  • C. Don't wait for perfectly aligned conditions; selling in a hot market can capture opportunity and preserve future choices.
  • D. Never sell your primary residence to fund a lifestyle change; only sell secondary properties.
Question 6 of 8
What strategy does the author recommend when starting a side hustle based on your passions?
  • A. Quit your day job immediately to fully commit to the new business.
  • B. Take out a large business loan to ensure rapid early growth.
  • C. Keep your current job while starting slowly, treating it as a 'Great Gradual Reset.'
  • D. Partner with a venture capitalist to minimize your personal financial risk.
Question 7 of 8
Ideally, how far in advance does the author suggest you should start financial planning for a potential career or life change?
  • A. 6 to 12 months
  • B. 1 to 2 years
  • C. 5 to 10 years
  • D. 15 to 20 years
Question 8 of 8
According to the book, what is the fundamental purpose of a 'Great Money Reset'?
  • A. To accumulate as much wealth as possible before retirement.
  • B. To completely eliminate all financial risks from your life.
  • C. To transition from traditional employment into full-time investing.
  • D. To rethink your life, using money as the means to facilitate that change.

The Great Money Reset — Full Chapter Overview

The Great Money Reset Summary & Overview

The Great Money Reset (2023) is a plain-talking, practically focused handbook aimed at empowering everyday people to take the financial steps necessary to build their dream lives. Simple strategies explain how to bring your financial life into alignment with your values, desires, and dreams, to put a truly fulfilling life within reach.

Who Should Listen to The Great Money Reset?

  • Daydreamers who’d love to make a big life move but don’t know how to fund it
  • Office workers who are ready to take bigger professional risks
  • Anyone who feels too financially stuck to try something new or adventurous

About the Author: Jill Schlesinger

Jill Schlesinger is NBC News’ Gracie- and Emmy-award winning business analyst. A Certified Financial Planner (CFP), she specializes in making complex economic and financial content digestible for everyday viewers. She is the author of two wealth management books and the nationally syndicated newspaper column, “Jill on Money.”

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