The OH Book Club – The $1000 Project

Title: The $1000 Project

Author: Canna Campbell

Genre: Finance

Pages: 208

Price for Paperback: $27 / Kindle $15 / Audible $0 

 

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 Front page:

An easy guide to mindful saving, active earning and financial wellbeing.

Back page:

Financial planner Canna Campbell saved $32,000 in twelve months by using her unique strategy of bundling – saving and earning extra money in small, achievable parcels of $1,000. Now she wants to empower you to get the same results!

Drawing on material from her popular YouTube channel and website, here Canna shares all of her tips and tricks for saving and earning additional money, as well as advice for turning these savings into long-term passive income through savvy investments. She also gives practical advice on how to get financially healthy, including how to clear up bad debt and how to manage your superannuation more sensibly. And she’ll keep you motivated, focused and on track as you push yourself towards a better future.

The $1000 Project is like a diet and exercise plan for your money – you’ll see the immediate results in your bank account, and you’ll also come out of it feeling financially fit and strong and set yourself up for success.

Why I chose to purchase this book:

Canna has been an inspiration to me since I first came across her Youtube channel a few years ago. She is a financial planner who went out on her own and started a successful business. To add to her long list of inspiring qualities, she then went on to create a YouTube channel where she shares her knowledge and tips with the world for free.

This book was purchased to read on a plane trip to Singapore, a lovely 8-hour journey from Melbourne. I wanted to read something educational but not to heavy so it didn’t feel like I was reading a text book. I was on holiday’s after all.

Thoughts:

I finished this book in 3 hours, that included breaks to write down my goals which were flooding into my brain. The book is very easy to read. The chapters flow on seamlessly. At no point did I want to take a break or found my mind wondering.

The text on the front cover and used for the quotes throughout the book gives a slight young, female vibe but the book is written for people of all ages, genders and circumstances. Canna makes sure to give different options and suggestions for all of her guidelines.

From chapter one, I was hooked. A backstory on the $1000 Project is provided straight away and I was intrigued to immediately keep reading on. How was she ever going to save $40,000 in 12 months without taking it from her salary? I needed to know more ASAP!

The next few chapters explain how Canna did it, how I can do it and why I should do it.

I consider myself pretty savvy with my money. I always save a generous amount of my income and stick to a budget. On the contrary, I still have a credit card debt that seems never-ending. Canna explains how toxic credit card debt is. The chapter on financial freedom was a real eye-opener for me. My focus has shifted to clearing my credit card. After reading this book you will be inspired and determined to pay off your credit card also.

Healthy debt:

For the non-financially minded people, and even people who do love numbers but just aren’t clear on all the financial terms, Canna’s explanation on the differences between healthy and toxic debt is invaluable. How often can you get 3 hours worth of financial advice for $20? The explanation on passive income and why it’s amazing, had me mesmerised. Setting ourselves up to make money while we sleep is something we all should be trying to do and with Canna’s advice, we hopefully can.

Buying shares:

Personally, shares are something that I want to have but have no idea where to start. Canna breaks the whole process down into simple explanations and steps to follow. Understandably, there is a small focus on the Australian market but the overall insights given apply globally.

I have tried to explain franking credits to a number of friends with not even half the success Canna has. All of the scary terms that I had no clue about are described and written in a way that someone with zero financial backgrounds will understand.

Should you read it?

This book really is for everyone. I don’t think there are many people who couldn’t benefit from some easy to read financial guidance. To sum it up, this book that should be read before finishing high school. We should be entering adulthood understanding how credit ratings work and ways to save money no matter what our income is.

Canna’s honesty and raw disclosure on the difficulties and upsets she faced during not only the $1000 Project but life, in general, was refreshing. I honestly finished the $1000 Project with a fire burning inside me to start my own $1000 project. First, on the list, get rid of all my toxic debt.

 

You can find out more about Canna here on her amazing youtube channel.

Happy reading hustlers! Don’t forget to drop me an email on hello@theorganisedhustler if you have any books you would like me to review.