The Groovy Guide to Financial Independence: My Take

I wanted everybody to know that The Groovy Guide to Financial Independence ebook written by Mr. Groovy just released on September 10, 2018.

I have a load of respect for Mr. and Mrs. Groovy, they bring a breath of fresh air that you don't see much these days. You can also find more of their story on their blog Freedom is Groovy. If you want to learn how to stop worrying about money with a common sense approach, this book is worth a read.

Below is my honest review of The Groovy Guide to Finance. Here's a spoiler alert: I'm going to use their tips to improve our own lifestyles.

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Who is Mr. Groovy?

Maybe this is the first time you've heard the name Mr. Groovy. This is his pen name. He and his wife, Mrs. Groovy, are from New York but recently moved to Charlotte, North Carolina. You'll read more about there reasons why in the book, but here's a brief reason why: It's cheaper to live in North Carolina than New York State.

You don't have to move to the southern United States like the Groovys to reach financial independence. You're also not going to read that you need to sell everything and live in a cardboard box either.

Once again, the key to The Groovy Guide (in my opinion) is simplicity.

Two Main Reasons Why I Like The Groovy Guide to Independence

I have two main reasons why I like The Groovy Guide.

Reason #1: Mr. Groovy is Encouraging

One reason why I like this book is that it echoes another one of my favorite authors, Richard Maybury. The common trend they both share a common value of self-reliance and free thinking that have made America into one of the most prosperous civilizations ever.

Mr. Maybury sums up his writing and analysis with a simple 17-word statement: do all you have agreed to do and, do not encroach on other persons or their property.

There aren't any political rants in this book. But I agree that as a society, we don't take responsibility for our own actions. We expect others to bail us out and we chalk our life up to being dealt a bad set of cards. While some of us have to work harder to become financially independent than others, this is still the land of opportunity.

Mr. Groovy was a “financial idiot” until he woke up and realized what he could do by making a few changes in his life.

In the book, Mr. Groovy shares some of his personal experiences. And, he even shows you his investing portfolio. I think that's pretty transparent myself.

Reason #2: The advice is practical and balanced

I've read many personal finance books in my life. Some because of this blog and others because I enjoy reading great books.

Of all the nationally-renowned personal finance gurus, I probably gravitate toward Dave Ramsey the most. I don't agree with everything he says, but he has an effective plan to get out of debt.

I think Mr. Groovy takes a balanced approach. Having struggled financially for so long, he's truly lived on both sides of the financial fence.

You will read about a variety of topics including:

  • Life Virtues
  • Personal Health
  • Making Money
  • Saving Money
  • Investing Money
  • When to Retire
  • Protecting Your Money

Money is a reflection of our lifestyles. What you put in is what you get out.

Who Shouldn't Read This Book

If you're already independently wealthy, you should read this book. Even then, I recommend everybody read the last chapter to avoid becoming a FINO.

What's a FINO?

Read the book.

Mr. Groovy has lots of witty acronyms in his writing. But maybe it's Mrs. Groovy (his editor) who polishes them up and deserves the credit?

My Favorite Takeaway From the Book

If I could make one chapter required reading for all high school students and adults, it'd be Chapter 10: Don't Take Freedom For Granted.

This is the stuff today's youth isn't taught in the classroom. If it was, our world would be better and simpler.

Reading this chapter makes one quote pop into my mind:

Freedom is never more than one generation away from extinction.

President Ronald Reagan is credited with this quote and it applies to our financial freedom as much as the other freedoms we enjoy to this day.

Read The Groovy Guide to Financial Independence

I don't think reading this book is a waste of time. It's a rather quick yet informative read, unlike Tolsoy's War and Peace. You can finish it by reading in the evenings for a week like I did.

Since there are 10 chapters, you can read a chapter a day to keep the debt collector away. 😉

Do yourself a favor and read the book. You're guaranteed to learn something!

Link: Buy The Groovy Guide to Financial Independence





Josh founded Money Buffalo in 2015 to help people get out of debt and make smart financial decisions. He is currently a full-time personal finance writer with work featured in Forbes Advisor, Fox Business, and Credible.