Copy
View this email in your browser
NexJuice
NexJuice
NexJuice
NexJuice
Email
Periscope
Hey there, thanks for clicking!

If you haven't been around the Periscope channel lately - I ended the content creator program. I (Taylor) am back to being the only person you'll be seeing on the channel! Please reply back to this email and let me know what you think of that change.

I'm still going live 3 hours a day, 7 days a week at pscp.tv/nexjuice

These are the 8 books I've read over the last four months, summarized and reviewed for your viewing pleasure.

If you want to add any of the books to your own shelves at home,
just click it's picture.

This email is 100% funded by amazing supporters (like you) at NexJuice.com/support

THANK YOU for your support!!!
Financial Freedom: A Proven Path to All the Money You Will Ever Need
by Grant Sabatier


This book was a game changer for me. It was recommended my two of my most trusted friends and advisors - both who do very well financially. They recommended it to me within 12 hours of each other - and they don't even know each other. That was sign enough for me to order it immediately, and I'm so glad I did.

One of the best pieces of advice in this book is to spend time every single day looking at your money. The more time you spend with your money, the better of a relationship you'll have with it. You must be transparent with yourself about your financial situation. It can be improved. The author himself went from having $2.26 to over $1,000,000 in just 5 years! You want to check your net worth, your income, your expenses, your savings and investments every single day. Then, spend a few minutes each day brainstorming ways you can make more money. 

The author talks about 3 main levers you control in your financial machine.
1) Income or cash flow - how much money you have coming in. He talks a lot about the benefits of side hustles and always looking for new ways to make money - especially passively.
2) Expenses - Every time we spend money, we are stealing from our future and using up the energy we worked hard to acquire. We must remain very mindful of where our money is going, always look for the best possible value, and cut unnecessary spending as much as possible. This isn't about depriving yourself completely, it's about being smart and reaching financial freedom as soon as possible. Why wait until you 60-70?
3) Savings/investing - I've talked a lot about this in previous book reviews - remember the effect inflation has on the cash you save. It's understandable to have a few months of liquid cash in an account, but everything above and beyond that should be invested. Stocks have higher risk, bonds have the lowest risk, yet serve to at least preserve your capital better than most savings accounts. So, the closer you are to retirement, the more bonds you'll invest in; the younger you are, the more stocks you'll invest in. Remember, total market funds are the best stock investment for most people. There's a very low chance of you picking companies individually that are going to outperform the market as a whole. Real estate is another investment option he talks about.

I'm now interested in purchasing my first house - hopefully in Florida. Never before have I been interested in owning a property, but reading about the value of real estate as an investment in this book (and always being around my boyfriend, who is a real estate broker) really sparked my interest.

This book finally pushed me to open my Roth IRA and deposit some money into it. I'm hoping to max it out ($6,000) by the end of the year. I'm putting it all into VTI - the Vanguard Total Market Index Fund (ETF). This book talks about how 90% of independent investors fail to outperform the market. So, buying a total market index fund is usually the safest way to go. It's out of my comfort zone to put my money somewhere I don't have access to it for 30 years, but I realize the power of compounding interest and tax-free withdrawals. I'm feeling really great about my future now. Thank you, Mr. Sabatier!
The Self-Driven Child: The Science and Sense of Giving Your Kids More Control Over Their Lives
by William Stixrud, Ph.D. & Ned Johnson


As a new step-parent, this book was so valuable to me. I highly recommend it to all parents. Each chapter has practical steps you can take immediately to improve your grasp and use of the concepts it teaches.

- Do you want to control your child? Or do you want to teach your child how to control themselves?

- Children's brains are not fully developed. The human pre-frontal cortex AKA executive control system (the area that deals with planning, decision making, organization, judgment & impulse control) is not fully developed until around age 25. However, we get better at what we practice. The more opportunities our children have to exercise this part of their brain, the more strong and healthy it can develop. In this book, they refer to this part of the brain as "The Pilot" and as "Goldilocks." It requires a "just right" amount of chemicals and neurotransmitters, and is easily overridden by stress.

Stress is caused by events referred to as NUTS.
Novelty (Something new)
Unpredictability (Unexpected)
Threat to the Ego (What does this mean about me?)
Sense of Control (When we feel we don't have control, it causes high levels of stress)

The stress response system of the brain, which consists of the amygdala, hypothalamus, hippocampus, pituitary & adrenal glands, is referred to in this book as "The Lion Fighter" of our brain. A healthy stress response quickly recovers after the stressful event has ended. Prolonged and repeated stress releases cortisol into our brain which eventually leads to brain cell death in the hippocampus - impairing memory and the ability to learn. Perhaps this is why people "block out" highly stressful situations and have difficulty remembering them.

One of my favorite ideas in this book is the concept of being a "nonanxious presence" - AKA a calm presence. Stress is contagious - but so is calm. Focus on having and putting out calm energy into the world - this will dramatically improve your relationships with others - and yourself!

A great way to promote calm energy and defeat stress is through "radical downtime" which includes both meditation and daydreaming. 60-80% of our brain's energy is dedicated to the Default Mode Network - which is activated by both of these activities. Don't be so concerned about giving your child endless things to do - allow them to simply BE. Another great book I love says "We are human beings, not human doings." (Soul-Centered by Sarah McLean - an excellent book I recommend for those wanting to learn meditation)

- Explore the idea of being a consultant to your child, rather than controlling them. Let them know what you think is best and why, but acknowledge that they have a brain and know what's best for them. Being trusted and feeling free to choose for themselves may result in some decisions that surprise you! Children are so often underestimated. Of course, you can still set limits, but as much as possible give them freedom and choices to empower them and help them to develop their brains.

- It is of the utmost importance for your child (and you) to get enough sleep. Lack of sleep is a MAJOR stressor. It impairs emotional control, learning, memory - and is even linked to obesity.

- To offset the technology exposure our children experience in the modern world, be sure they are exercising (like you are!) and getting out into nature regularly.

Check out my (long) review and summary of this book on Youtube https://www.youtube.com/watch?v=nJhBbWTTuh4
Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week!
by Phil Town


This book is written by the father of Danielle Town, author of the book Invested that I read and loved so much last year, in 2018. I did a lot of livestreams about that one, and became exponentially more interested - and confident - in stock market investing. I'm really glad I read hers first, because this one was much more intense. I appreciate that it had less anecdotes, but you can tell it's written by a guy who has been doing it a long time, and isn't quite as "beginner friendly" as his daughter's was, in my opinion. It was like a refresher course from Invested, so I was grateful I had already learned a lot of these concepts before. I learned a lot of new things, too - and it was fun to compare my notes from Invested to this one.

I think both books make it seem overly simple for the everyday person to invest independently. Their titles both make it seem like anyone can do it, and I tend to disagree with that. It takes quite a bit of patience, focus and time to really get it all down. If you're not interested in putting that much of a commitment into it, I'll tell you a takeaway that is applicable for all of us. If you don't have credit card debt, and you've mastered the art of saving a good chunk of cash, and are looking for a relatively "safe" way to invest that is tax-free, do your research on retirement accounts. If you are an employee and your employer offers to match your contributions to a 401(k), you can go with that. If you're self-employed, like me, go with a Roth IRA. The more money you make, the less you can put into it, so the sooner the better. Plus, with the power of compounding, the sooner you invest in your future, the more of a pile you'll have when you retire. As long as you've had the money in the Roth for at least 5 years, you can withdraw it at age 59.5 with no tax penalty. You will pay income tax on the money the year you put it in, but chances are you're having to do that anyway. The author, Phil Town, says this retirement account makes the most sense for entrepreneurs. Plus, it's self-directed so you can put the money in the fund into any company, or mutual fund, or ETF, that you like. Keep an eye on fees for trades with the brokerage you pick.

Here are the new things I learned about in this book:

- Every new company you consider investing in will take 4-10 hours of research.
- The effects of large investment companies on the price of a stock, and on the market in general.
- Insider trading
- The 3 tools to monitor the "big guys" - MACD, Stochastics & Moving Average
- The order of importance of the growth rates we learned about in Invested - equity, earnings per share, net profit and cash flow
- When to sell a stock - when the company is no longer "great" by measurement of the M's (moats, management, meaning) or when the price goes above the sticker price.

Check out my YouTube review on this one at https://www.youtube.com/watch?v=sSdwo9jmK7Y
The Healing Alphabet: 26 Empowering Ways to Enrich Your Life
by Rossana Snee, MFT


I really enjoyed this book so much! I have the pleasure of knowing the author, Rossana Snee, marriage and family therapist. She even gave me permission to do a 26 part series on Periscope about it! She wrote this book in such a practical, easy-to-read way. It's a relatively short read, but jam packed with practical advice for every day life. It's one of those books you have to keep on your shelf so you can read it at different seasons of your life. You'll get something different out of it every time.

Every chapter is one letter from the alphabet A-Z. Each letter stands for a word that you can use to better your life. This first time around, the letters that spoke to me the most in this stage of my life and my relationship were P, R and S. Persevere, Release and Sacrifice. I was feeling pretty anxious and emotional one night, and reading the words of this book immediately melted my stress away. Who knew a therapist could perform therapy with a book!!!

I highly recommend you get this one. Not only are you supporting a worthy author and live streamer, but you stand to gain SO MUCH from it.

Check out my live YouTube review of it at https://www.youtube.com/watch?v=mVjsQ2BQdIs and follow the author on social media everywhere @TherapyXpress
Changing Minds: The Go-To Guide to Mental Health for You, Family and Friends
by Dr. Mark Cross & Dr. Catherine Hanrahan


I learned so much about the different forms of mental illness from this book!

The categories covered are depression, bipolar disorder, anxiety disorders, trauma and stress-related disorders, substance abuse, psychosis and schizophrenia, gender identity and sexual disorders, personality disorders, eating disorders and suicide.

I was surprised to learn that people with mental health disorders are no more likely to be violent than other members of the general population, but they ARE significantly more likely to commit suicide. As a society, I wish we were better educated about how to address this serious problem. Yet again, I feel like government funded public schooling has failed us. Big shocker!!

I've actually decided to go to school to get my Master's in Clinical Mental Health Counseling, a goal I've long considered, thanks to the information in this book. I'm currently in my second semester.

As a live streamer who is open about my previous experiences with depression and suicidal thoughts, I am often approached by members of my community with concerns relating to mental health. I have felt under equipped to help these people to the level I would like, so I sincerely look forward to developing the skills and focused education necessary to do so.

If you'd like to support my goal of obtaining my degree, you can contribute to my GoFundMe at gofundme.com/nexjuice1

You can watch my full (long) review and summary of this book that I streamed live on Youtube at https://www.youtube.com/watch?v=wT5Y9kTRfrA
The Story of an Hour
by Kate Chopin


This was a short story I read for my English class this semester. I read it on my Instagram story, so it may sound familiar to some of you. (Follow me @NexJuice) Initially, a woman is informed that her husband has died. She breaks down weeping and locks herself in her room. She is overwhelmed with sadness and knows how hard it will be to see his dead body at the funeral. However, she is struck by a strong feeling of relief. She realizes that she is now free. She can live for herself for the rest of her days and no longer "bend her will" to his. He did not mistreat her, her sentiment simply shows the dynamic of marriage during the time of this story's writing, sometime in the late 1800s to early 1900s. Spoiler alert - in the end, he walks in the door alive and well, and she drops dead from the shock. Since no one else is aware of her relief and innermost thoughts, the doctor states the cause of death as "joy that kills." This was very interesting to me, I enjoyed it. I don't read much fiction, but this was a pleasant surprise.
Profit First: A Simple System to Transform Any Business From a Cash-Eating Monster to a Money-Making Machine
by Mike Michalowicz


In it's defense, this book was not written for someone like me. I have never had a problem with over-spending or debt. I realize that I am the vast minority. Still, I couldn't bring myself to give this book more than a 3 star rating because it was not only mostly irrelevant to me, but I also think he drastically over-complicates money management.

His suggestion is to have a minimum of 7 separate bank accounts! In chapter 9, titled "Profit First - Advanced Techniques" he suggests adding up to 11 MORE bank accounts. Basically, he thinks you should have a separate account for every category of your business. Operating expenses, tax, profit, income, Owner's Compensation, Subcontractors, Materials, Payroll, Equipment, the list goes on and on. This seems like more of a headache than it's worth.

The redeeming content in this book, for me, was his system for teaching money management to your kids. I implemented it immediately and am seeing great results! First, come up with a list of jobs for the kids to do with a dollar amount they get paid to do each one. Examples from our list include taking out the trash, doing laundry, and doing dishes. Print it out and put it on the refrigerator. The jobs are entirely voluntary. They are not forced to complete them like "chores" and the money they get for them is not an "allowance." They are paid immediately for any job they complete, with the intention of teaching them what it's like to earn money. Things like cleaning up after themselves are not jobs that get paid, because it's considered a basic responsibility.

Then, with the money they earn, there is a 5 envelope system for each of them. I adapted the envelope system a bit from the way he has it in the book, but not by much.

50% of their earnings go into the Spending envelope. They can buy anything they want at any time with this money, granted they have enough for what they want.
20% goes into the Dreams envelope - this one is fun because it encourages them to think big about what they want and to work towards getting it.
10% goes toward savings, which I often repeat will NEVER be touched until they are too old to work. Eventually, this will go into a savings account or some form of investment, but for now, it just grows in the envelope so they can see the power of saving their money.
10% goes toward Impact - this is either charity, or starting their own business which will have a positive impact on the world and also generate more funds to have a larger impact, a virtuous cycle.
10% goes in the Bills envelope. Every 2 weeks or so, they empty their bills envelope and my boyfriend and I split the money (which was ours to begin with anyway) between ourselves and thank the boys for contributing to the household. This way, they take ownership and pride in paying for things like the rent, electricity, wifi, Netflix, groceries, fish food, etc.

This has been a true joy for me to teach and experience with them and I know this will give them an amazing financial foundation to grow and build from as they get older. I wish I had learned more about the value of money and money management when I was a kid.

Our kids are 6 years old, so the way you do this may differ from mine, but this is how I've implemented it. I'd love to hear how you do it, too! Reach out to me at nexjuice.com/contact

Although he didn't spend much time talking about this money management system for the kids, I found it extremely valuable and potentially life changing. Thank you, Mr. Michalowicz, for sharing it with us!
Everybody Poops 410 Pounds a Year
by Deuce Flanagan


Yes, you read that right. 410 pounds. Written by a guy named Deuce. Come on, that is hilarious! This was a gift to me by one of my trolliest friends and supporters. It was just for good fun and I'm not sure how factual the "facts" in here were, but I enjoyed reading it and having a good laugh - haha! 

From charts to compare the shape and color of your poop to random "facts" like Elvis died while trying to poop, this book did not disappoint!

Check out my silly review and summary on YouTube https://www.youtube.com/watch?v=nWuNV...
This email is 100% funded by amazing supporters (like you!) at NexJuice.com/support
Copyright © 2019 FemYoga, All rights reserved.

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.






This email was sent to <<Email Address>>
why did I get this?    unsubscribe from this list    update subscription preferences
FemYoga · PO Box 4331 · Clifton Park, New York 12065 · USA

Email Marketing Powered by Mailchimp