My favorite section was on home ownership. I'm pretty committed to renting, but people are constantly trying to convince me I'm "throwing away money on rent." I generally shrug and point out that every career advancement I make requires moving (like Lapin, I work in television) which makes owning less practical. Rich Bitch gives me even more of a reason not to buy a place. Lapin points out that buying a house for $50,000 in 1970 and selling it for $300,000 today does not actually mean you made a profit. There's inflation to account for as well as all the repairs you likely made. So now when someone tells me about their $900 mortgage to my $1150 rent, I can point out that my rent covers all repairs and groundskeeping (plus extras like pest control, a fitness center, and two pools)!
Another great section in Lapin's book addresses whether one should first pay off debt like students loans before saving for retirement. I was a bit surprised that Lapin said yes here, but it makes sense as she explains it. Everyone's situation is unique (including the issue of owning a home; as Lapin states, it makes sense if you're going to stay for decades), so I think I'll continue to go against her advice my contributing a small amount to my 401(k) given the low interest rates on my student loans. (Note: Lapin got in touch to let me know she meant paying off credit cards rather than student loans.) On every other point, I agree wholeheartedly with Lapin, especially when she says it's alright to include some fun expenditures because I really like buying shoes!
Review copy from Amazon Vine.