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7 Books EVERYONE in Their 20's Should Read
7 Books EVERYONE in Their 20's Should Read
Thomas Frank
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15:53 · Nov 17, 2021
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hey
what's
going
on
friends
in
this
video
we
are
going
over
seven
books
Translating…
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0:00
hey what's going on friends in this video we are going over seven books
0:02
that i think everyone should read in their 20s
0:05
these are all books that i read when i was in my 20s and
0:07
they all had a tremendous
0:09
impact on my life and helped me to improve my life in five different
0:12
categories that we're breaking this video down into those categories
0:15
are relationships productivity personal finance
0:18
career success and health so let's get this video started off with the first
0:21
book on my list which is stephen covey's
0:23
seven habits of highly effective
0:25
people this is the book that more than any other book helped me to
0:29
improve the way that i both build and deepen relationships
0:32
with other people now this isn't entirely
0:34
a book about relationships
0:35
in fact about half of this book is a book about productivity
0:38
the first three habits deal with it like habit number two begin with the
0:42
end in mind is all about planning and understanding
0:44
your goals and habit number three put first things first is all about prioritization
0:48
but it's habit number five that had the greatest
0:51
impact on me seek first
0:53
to understand then to be understood
0:56
see most people listen with what covey calls an autobiographical
0:59
point of view you're listening
1:01
because you're waiting to respond with something from your own perspective
1:04
your own experiences a lot of people don't take the time to really put
1:07
themselves in the shoes of the other person consider
1:10
their perspective try to see it the way the other person
1:13
sees it kevin calls this empathetic
1:15
listening and when you can listen empathetically
1:17
when you can actually do this perspective
1:19
shift you become better able to understand
1:22
the meaning and the context
1:23
behind what somebody else is telling you about and in doing so you build
1:27
much better and deeper relationships
1:29
and you're able to make the lives of everyone around you much better so
1:32
that is my favorite book in the relationship
1:34
category and now we're moving on to the productivity
1:36
category now there are a ton of productivity
1:39
books out there i've talked about many of them on this channel but if
1:42
you were only going to read one
1:44
the one that i would recommend is going to be chris bailey's
1:47
the productivity project well this and also atomic habits by james clear but i
1:51
in fact made two videos
1:52
about that book so i'm not gonna include it on this list and the
1:56
productivity project is a wonderful
1:58
overview of really the entire
2:00
field of productivity so if you're looking for
2:02
one concentrated book that's gonna teach you all about time management
2:06
managing your attention your energy procrastination
2:08
all these different topics
2:10
this is the book that i would recommend
2:12
and the best idea that i want to share from this book
2:15
is his breakdown of these six different procrastination
2:18
triggers this is pulled from procrastination
2:20
research that has been done at several different universities
2:22
where they have found that there are indeed six different aspects
2:25
or qualities of tasks that we tend to put off of tasks that are
2:29
unpleasant so when a task is boring
2:31
when it is frustrating
2:33
difficult ambiguous lacking and personal meaning or lacking an intrinsic value
2:37
i.e it's not fun
2:39
we tend to put it off and there are a ton of different strategies
2:42
in this book for fighting procrastination
2:44
but i want to share this idea because once you know these six different
2:47
triggers you can now start to think critically about your own tasks and ask
2:50
yourself if i'm procrastinating
2:53
which of these triggers
2:54
is causing me to procrastinate
2:56
on this task and once you know that you can start to figure out
2:59
some things you could do
3:00
to lessen the influence of those triggers for example
3:03
last week i had to go into my accounting software and do a ton
3:07
of bookkeeping which is a task that i
3:09
absolutely hate so one thing that i've realized is that because this task is
3:13
boring one thing i can do to make it a little bit more fun
3:16
is to add a bit of a challenge to it so i set a 20-minute
3:19
timer and i challenged myself to reconcile as many transactions
3:21
as i could within that time period still kind of boring
3:25
but a little less boring because i had now set up a challenge and
3:28
i also put out some of my favorite music
3:30
so overall those two little tweaks made the task just a bit less unpleasant
3:33
and a bit less boring and with that we are now moving on from
3:36
the productivity category onto the personal
3:38
finance category where i have two book recommendations
3:40
for you and the first one is your money the missing manual by jd
3:44
roth who was one of the og personal finance bloggers that i was reading
3:48
back when i was in high school
3:49
in college and this book was really my
3:52
first introduction to the world of personal finance and it's really just an overview
3:55
of a ton of different topics that you need to learn about if you
3:58
want to manage your money effectively
4:00
talks about debt it talks about budgeting talks about credit cards talks about investing
4:04
and the big idea that i would like to share from this book with
4:07
you in this video
4:08
is the concept of automated
4:10
investing this was the book that taught me that i should automate my finances
4:14
essentially put them on autopilot
4:16
so this means you can put your bills on autopay
4:19
but perhaps even more importantly
4:21
you can put your investments
4:22
on an auto deposit
4:23
schedule which is exactly what i did after i read this book now on
4:27
my investment platform which at the time was vanguard i have since moved over
4:30
to m1 finance works on both of these i have an auto deposit schedule
4:33
where every single month money will come out of my bank account
4:36
and go into my investment account and be
4:38
invested into a set series of etfs
4:41
essentially mutual funds that i have set up beforehand
4:44
and there are two
4:45
huge benefits to automating your investing in this way number one is the consistency
4:50
of actually investing because if you have a robot doing your investing for you
4:55
you're almost certainly going to invest more over the years than if you were
4:58
deliberately making the choice whether or not to invest every single month if you
5:02
were doing it that way there are inevitably
5:04
going to be months when you decide that i'd rather buy a jet ski
5:07
or i don't feel like i have enough money but if it's on a
5:09
schedule it just comes out and you don't think about it until 10 or
5:12
20 or 30 years later when you have a ton
5:15
of money invested you will thank yourself for enabling
5:18
this robot secondly doing this helps you to avoid what jd roth calls the
5:21
behavior gap which is the difference between what the stock market would have made
5:25
if you just left it on autopilot
5:27
and what the average investor makes because
5:29
of their decisions and the example that it gives is at a 20-year period
5:33
between 1988 and 2008
5:35
where the s p 500 which is essentially an index that tracks the entire
5:39
u.s stock market made a little bit less than eight and a half percent
5:42
return but the average investor made only about 1.8
5:48
a huge gap and actually less than the rate of inflation
5:51
now some of that gap is due to a lot of investors diversifying
5:55
their investments which makes them a bit more secure
5:57
a bit more hardened against losses and volatility
5:59
but a lot of that gap is due to bad decisions
6:02
that were fueled by greed or by fear
6:04
or by stupidity and when you automate your investments
6:07
you don't think about the market all the time and you don't even give
6:10
yourself the opportunity to make these dumb decisions
6:12
our second book in the personal finance category
6:14
is one where i regrettably
6:16
lost the book jacket at some point so tony can you please vfx
6:19
the image on here for me this is a random walk down wall street
6:23
by burton g mulkel
6:24
and if you're interested in investing
6:26
at all i highly recommend reading
6:28
this book now if you're somebody who just wants
6:30
a good investment setup you don't want to think about it i think the
6:33
general tips that are in your money and missing manual
6:36
and the videos that i am planning for this channel are going to be
6:39
quite adequate but if you want to understand
6:42
investing this is the number one book that i would recommend
6:45
he goes into a lot of detail
6:47
on how a lot of people even very smart people
6:49
often make a lot of mistakes in the market that will cause them to
6:52
lose out on potential
6:54
gains but the big idea from this book that i want to share with
6:57
you it was actually kind of mind-blowing
6:59
to me is just how valuable
7:02
retirement accounts can be for growing your money in the book he sets up
7:05
a hypothetical example where 5 000 is invested every single year for 30
7:10
years and after that period the money that was invested in a retirement
7:13
account in either an ira
7:15
or 401k or another tax advantaged
7:18
account grew to 1.4
7:20
million dollars whereas the money that was not invested in a retirement account was
7:24
put into a regular old taxable
7:26
account only grew to about 900 thousand dollars so there's a five hundred thousand
7:30
dollar potential earnings gap that is realized
7:33
simply by utilizing these retirement
7:36
vehicles and that is why personally
7:38
i do my best to max out my ira my 401k
7:40
every single year and then and only then put money into taxable investments and
7:45
why i would highly recommend you do the exact same thing unless maybe you're
7:49
saving for a short-term big purchase like a down payment for a house
7:53
all right now that i have damaged my walls from that last book we
7:55
are now moving on to the career category
7:57
and this is yet another category where i have two different recommendations
8:00
for you and i have a very good reason for adding two different books
8:03
into this category because they are very different and very useful
8:06
for uh independent reasons so the first one that i'm gonna recommend is pivot
8:10
by jenny blake and this is a fantastic
8:13
book for anybody who wants to potentially
8:15
move or change their careers
8:17
and this is a super common thing a lot of people especially after they've
8:20
been in their career for three to five years start to realize
8:23
hey i would like to do something different i kind of don't like what
8:26
i'm doing right now and there's these creeping feelings of guilt right you're like
8:29
well i spent all this money and all this time in college and i'm
8:32
moving down this career path i don't want to lose all this career capital
8:35
and everything that i've gained
8:37
but you have to realize that wanting to change wanting to move up in
8:40
the world is actually a very healthy thing it means that you have this
8:43
drive to learn and to adapt
8:45
and to grow but doing so is a strategic
8:48
endeavor and this book has a lot of strategy to offer
8:52
for that a lot of case studies
8:53
and my favorite uh concept
8:55
in this book is her idea of doing pilot tests
8:58
so in the tv industry executives
9:00
will order a pilot episode of a show if they're not quite sure it's
9:04
going to do really well so they're going to get the pilot episode see
9:07
how it does and if the audiences
9:09
like it then they order an entire season
9:11
piloting is essentially a strategy to invest a little bit of time money of
9:15
resources into a potential direction before going
9:19
all in on it and the problem with careers is a lot of people
9:22
get fed up with where they are and then they quit their job
9:24
and then they don't really know where to go so instead
9:27
ask yourself and jenny talks about this in the book
9:29
can i do some little pilot tests are there little experiments
9:33
that i could run in my free time without giving up everything i have
9:36
right now that would allow me to test out a possible different career shift
9:40
and see if it's for me see if i can do it for example
9:43
i really like doing stuff in notion i like teaching people how to use
9:46
notion i like to build notion templates like my task manager template but
9:50
i'm not just gonna move on for being a youtuber
9:53
number one because i like being a youtuber but number two because i'm not
9:56
sure if making stuff for notion is a viable career path or for my
10:00
particular purposes a viable addition
10:02
to my business so i tried some pilot projects
10:05
first did a couple of videos on this channel teaching notion doing some stuff
10:09
and those did well and then i started my second channel thomasfrank explains that's
10:12
where i create notion tutorials
10:14
and template tutorials and that is now a little bit of a side business
10:17
where i've invested a bit more than i originally did but i've still not
10:20
completely shifted over so if you have something that you want to do or
10:23
if you're fed up with where you currently are in your job ask yourself
10:26
how could i pilot
10:28
a small change our second book in this career category is josh kaufman's
10:32
the personal mba and i truly do believe that everyone
10:36
in their 20s should read this book because this is a high level overview
10:40
of many of the different concepts
10:42
in business of sales of marketing
10:44
a value creation of how to work with others
10:46
and when you understand
10:48
the fundamental concepts of business
10:50
you understand the goals and motivations
10:52
of your employer better and that makes you a higher value employee
10:56
so if you want to get a raise if you want to get a
10:59
promotion if you want to get new and more exciting duties at your job
11:02
and take on leadership roles reading a book like this and understanding
11:05
the fundamentals of business can be a very useful thing to do now the
11:09
big idea that i want to share in this video from this book is
11:11
the different types of value creation that he goes through in the book this
11:15
was sort of a mind-opening
11:17
read for me when i went through this section because
11:19
a lot of people
11:20
don't really understand value creation if you ask the average person what are the
11:24
different methods of creating value in business
11:26
they're gonna answer with two different categories
11:28
products and services but as josh explains in the book there are actually quite
11:32
a few more different types of value creation and if you're somebody who wants
11:35
to maybe start a business one day understanding
11:38
these and knowing what they are can be very useful to you so i'm
11:41
not going to list all these i'm going to put them up on the screen
11:43
here so you can screenshot them if you want but i do want to
11:45
highlight just a few of them a product is a very obvious one this
11:49
book is a product my notion templates are a product
11:51
service is also pretty useful a barber
11:53
is offering a service
11:54
but what about a shared resource
11:57
something like disneyland that is something that people can come and enjoy but they
12:00
don't buy it and it's not really a service in itself
12:03
also option was a very interesting one for me and here's an interesting question
12:07
what is the value
12:08
that a place like planet fitness
12:10
gym is offering to its patrons we might automatically say it's a service
12:14
and that is true but i think that the main value that a planet
12:18
fitness especially a big box gym like that is offering
12:21
is an option you are getting the option to do something but you don't
12:24
necessarily have to exercise
12:26
it so really they're paying for the optionality
12:29
not necessarily the service or the shared resource
12:32
and that brings us to the health category
12:34
where my one book recommendation
12:35
for you is dr john ratey's spark the revolutionary
12:38
new science of exercise
12:40
and the brain and i'm recommending this book
12:42
literally for everyone because this book
12:44
hammered into my brain
12:46
the need for exercise
12:48
not just for my body
12:49
but for my mind as this book explains an excruciating
12:52
detail exercise benefits your focus
12:55
your creativity it helps with anxiety
12:57
it lessens adhd symptoms if you can believe that it lessens stress and depression
13:01
it in almost every way fathomable
13:04
helps you regulate your mental health and this was very important for me because
13:07
as an ambitious entrepreneur
13:09
with a pretty computer-based
13:10
career it has always been very easy for me to justify
13:13
skipping workouts because going to the gym for an hour or two
13:16
makes me feel like i'm putting off the things that i need to get
13:19
done but as this book makes abundantly
13:22
clear exercising isn't a waste of time it isn't taking my work time away
13:26
from me it's actually a force multiplier
13:29
for my work time think about it i can either choose to work 10
13:32
or 12 hours a day skipping all my workouts
13:34
probably not sleeping well probably not eating well and in that case each hour
13:38
that i put into my work is probably only worth about 20 minutes because
13:41
i'm spending a lot of it groggy
13:42
or procrastinating because i just don't feel very focused
13:45
or i can actually get my workout in i can actually sleep eight hours
13:48
i can actually eat a good diet and if i do that maybe i
13:52
only have time for six hours of good work in a day but
13:55
every single one of those hours truly is worth an hour so if i'm
13:59
taking my health seriously in general
14:01
and making sure to exercise every day specifically
14:03
the value of my time the effectiveness
14:05
of it has essentially
14:06
doubled and i don't have to work as many hours to get the same
14:09
amount done and spark is really the book that helped me to
14:13
really take that seriously
14:14
now if there's one more piece of advice i can give you here it's
14:17
that not all these books may be ones that you need to read right
14:20
now even if you are in your 20s
14:22
really the main thing that you and pretty much everything else should be prioritizing
14:25
above all other skills
14:26
is thinking critically especially with respect to your goals so if you have a
14:30
goal that is aligned with one of these five categories we just went through
14:33
then maybe it is worth picking up one of these books
14:35
and if you want to improve your ability to think critically which is incredibly
14:38
important then this video sponsor brilliant has a brand new logic course that you
14:42
should check out learning to think logically
14:44
and to do things like analyzing
14:45
worst-case scenarios and dealing with unknown information
14:48
these are skills that will help you in nearly every area of your career
14:51
and your life and brilliance logic course in particular teaches you these concepts in
14:55
a completely interactive problem-based
14:57
approach that makes the learning process a lot more fun and
15:00
a lot more effective
15:01
they also use this exact same strategy for all their other courses as well
15:04
which can help you master math science
15:06
and computer science in the library you're going to find a full math suite ranging
15:09
from number theory to advanced calculus
15:11
along with science and computer science courses tackling everything from electricity
15:14
and magnetism to machine learning so if you want to start improving your critical
15:18
thinking skills and start learning on brilliant you can go over to brilliant.org
15:21
thomasfrank or click that link right there to sign up and that link is
15:23
going to get you 20 off their annual premium subscription
15:26
if you're looking for something else to watch i've got a video right there
15:28
on james clare's atomic habits another amazing book and that video goes through three
15:32
of the biggest lessons in it or perhaps you're curious about how i actually
15:36
make my videos well i've got a full breakdown on my second channel which
15:38
you can watch right there beyond that hit the like button for the algorithm
15:42
follow me on twitter for bite size content and i want to know in
15:44
the comments down below what is the number one book that you recommend
15:48
for people in their 20s or for people in general thanks for watching and
15:51
i will see you in the next one
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