Book Review: “The Old Money Book: How To Live Better While Spending Less” by Byron Tully

Quick Navigation

Book Review: "The Old Money Book: How To Live Better While Spending Less" by Byron Tully


In today’s consumer-driven society, it’s easy to get caught up in the pursuit of material possessions and forget about the importance of financial stability and living a fulfilling life. Byron Tully’s “The Old Money Book: How To Live Better While Spending Less: Secrets of America’s Upper Class” (get the book from amazon) offers a refreshing and insightful look at the principles and habits of Old Money families, providing valuable guidance for those seeking to live a richer life without being defined by wealth. In this review, we’ll explore the key takeaways from Tully’s book and discuss its impact on readers.

  1. The Concept of Old Money:

Tully introduces the concept of Old Money, referring to individuals and families who have maintained their wealth for generations. These families often possess a unique set of values and habits that have allowed them to preserve their wealth and live fulfilling lives without succumbing to the trappings of conspicuous consumption. The Old Money Book seeks to uncover these principles and teach readers how to apply them to their own lives.

  1. Timeless Values:

One of the central themes of the book is the emphasis on timeless values such as discipline, education, and self-restraint. Tully argues that these values are essential for achieving financial stability and living a meaningful life, regardless of one’s income level. By prioritizing personal growth and self-improvement, readers can cultivate a sense of purpose and fulfillment that goes beyond material wealth.

  1. The Importance of Frugality:

The Old Money Book highlights the importance of frugality and living within one’s means. Tully shares anecdotes and insights from Old Money families, illustrating how they maintain a modest lifestyle, invest wisely, and avoid debt. By adopting these habits, readers can achieve financial security and enjoy a higher quality of life without constantly chasing after the latest trends and possessions.

  1. Building Social Capital:

Tully emphasizes the importance of building social capital through strong relationships, community involvement, and philanthropy. He argues that Old Money families recognize the value of giving back and forming deep connections with others, as this contributes to their overall well-being and sense of purpose. This perspective encourages readers to invest in their relationships and communities, rather than solely focusing on material possessions.

  1. Quality Over Quantity:

The Old Money philosophy prioritizes quality over quantity when it comes to possessions, experiences, and relationships. Tully explains that by investing in high-quality, durable goods, and nurturing long-lasting relationships, readers can derive greater satisfaction and happiness from their lives. This approach to living encourages mindful consumption and a greater appreciation for the things that truly matter.

  1. Education and Lifelong Learning:

The book stresses the importance of education and lifelong learning as cornerstones of the Old Money lifestyle. Tully explains that Old Money families prioritize education and intellectual pursuits, recognizing that knowledge and personal growth are essential for a fulfilling life. By fostering a love for learning and investing in one’s own intellectual development, readers can cultivate a richer and more meaningful existence.

  1. The Universality of Old Money Principles:

Tully’s book offers valuable insights and advice that can be applied by readers from all walks of life, not just those from wealthy backgrounds. The principles of Old Money are grounded in timeless values and habits that promote financial stability, personal growth, and a deeper sense of purpose. By embracing these principles, readers can improve their lives and find lasting happiness, regardless of their income level.


Byron Tully’s “The Old Money Book: How To Live Better While Spending Less” provides a fascinating and thought-provoking exploration of the values and habits that have allowed Old Money families to maintain their wealth and live fulfilling lives for generations. The book’s emphasis on frugality, personal growth, and building social capital offers valuable lessons for readers seeking to achieve financial stability and cultivate a more meaningful existence. Moreover, the focus on quality over quantity, education, and lifelong learning encourages readers to invest in themselves and their relationships rather than chasing after material possessions.,This article is an original creation by If you wish to repost or share, please include an attribution to the source and provide a link to the original article.Post Link:

Like (0)
Previous March 23, 2023 9:07 pm
Next March 23, 2023 9:18 pm

Related Posts

  • A Heartrending Tale of Courage and Resilience: A Review of Kristin Hannah’s “The Nightingale”

    Introduction In “The Nightingale,”(buy the book) Kristin Hannah, the bestselling author of “The Great Alone” and “Firefly Lane,” delivers a powerful and emotionally charged novel set against the backdrop of World War II. This compelling story follows the lives of two sisters, each struggling to survive and resist the brutal Nazi occupation of France. In this review, we will explore the various elements that make “The Nightingale” a captivating and unforgettable read for fans of historical fiction and those interested in the human experience during one of the darkest periods…

    April 7, 2023
  • A Review of ‘The Psychology of Money’ by Morgan Housel: Unlocking the Secrets of Financial Success

    Introduction For anyone looking to get ahead financially, understanding the psychology of money is essential. In his book, The Psychology of Money (buy from Amazon), Morgan Housel reveals the secrets to financial success and provides readers with the tools to unlock their own financial potential. In this review, we’ll explore the key takeaways from Housel’s book and how it can help readers become more financially literate and make better financial decisions. Understanding the Psychology of Money Housel begins by examining the psychological factors that drive people’s decisions when it comes…

    January 26, 2023
  • The Maid by Nita Prose: A Compelling Story of Betrayal and Survival

    Nita Prose’s debut novel, “The Maid” (buy the novel), is a mesmerizing and haunting exploration of the complex relationships that exist between a live-in maid and the family she serves. This work of fiction is a powerful exploration of class, power dynamics, love, and loyalty. The Maid is an emotionally charged story that is sure to leave a lasting impression on readers. The Maid tells the story of Molly Gray, a young woman who has been working as a live-in maid for the wealthy and eccentric Bridges family for the…

    March 9, 2023
  • “Learn to Earn”: An Accessible Guide to Investing from Legendary Peter Lynch

    Introduction: For those looking to dip their toes into the world of investing, Peter Lynch’s “Learn to Earn: A Beginner’s Guide to the Basics of Investing and Business” (buy the book from amazon) is a fantastic starting point. Co-written with John Rothchild, this book is designed to teach the basics of investing to readers with little to no experience. Its conversational tone and real-world examples make the concepts easy to grasp, even for complete novices. In this review, we will discuss some of the key takeaways from “Learn to Earn,”…

    May 5, 2023
  • Book Review: “The Little Book of Common Sense Investing” by John C. Bogle

    Introduction: “The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books, Big Profits)” (buy the book) by John C. Bogle is a classic investment guide that has stood the test of time, offering readers a simple yet powerful approach to building wealth. Bogle, the founder of The Vanguard Group and the creator of the first index fund, presents a compelling case for low-cost, passive investing as the key to long-term financial success. In this review, we’ll explore the main…

    March 23, 2023
  • Product Research 101: A Comprehensive Guide to Finding Winning Products on Amazon and Beyond

    Renae Clark’s book “Product Research 101: Find Winning Products to Sell on Amazon and Beyond” (buy from amazon) is a comprehensive guide for anyone looking to start or improve their product research skills for selling on Amazon and other marketplaces. The book is packed with practical advice and step-by-step instructions for finding profitable products to sell, as well as tips for avoiding common mistakes and pitfalls. One of the standout features of this book is the depth of coverage of product research strategies. Clark covers a wide range of product…

    March 7, 2023
  • A Timeless Journey of Discovery: A Review of Amor Towles’ “The Lincoln Highway”

    Introduction Amor Towles, the acclaimed author of bestsellers “A Gentleman in Moscow” and “Rules of Civility,” presents another captivating tale in his latest novel, “The Lincoln Highway.” (buy from Amazon) This beautifully written coming-of-age story takes readers on an unforgettable journey of self-discovery, friendship, and adventure across the American landscape of the 1950s. In this review, we will delve into the various aspects of “The Lincoln Highway” that make it a must-read for literary fiction enthusiasts and fans of Amor Towles’s previous works. Setting and Atmosphere Set against the backdrop…

    April 7, 2023
  • Revolutionizing Financial Management: A Review of Mike Michalowicz’s “Profit First”

    “Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine” (buy from amazon) by Mike Michalowicz is a must-read for small business owners, entrepreneurs and financial managers looking to improve their bottom line. The book provides a step-by-step guide on how to effectively manage cash flow and increase profitability by prioritizing profit over sales. Michalowicz argues that the traditional accounting method of paying bills first and then trying to allocate what’s left to profit often results in businesses operating in a constant state of deficit. He advocates…

    February 7, 2023
  • Achieving Retirement Bliss: A Review of “Your Complete Guide to a Successful and Secure Retirement” by Larry E. Swedroe and Kevin Grogan

    Introduction: The journey to retirement can be a challenging and complex process, with numerous decisions to be made and factors to consider. In their book “Your Complete Guide to a Successful and Secure Retirement,” (buy the book from amazon) Larry E. Swedroe and Kevin Grogan provide a comprehensive guide to help readers navigate the intricacies of retirement planning and achieve their financial goals. This review will examine the book’s key insights and assess its value for those looking to secure a comfortable and fulfilling retirement. Comprehensive Retirement Planning: Swedroe and…

    March 23, 2023
  • Laurens Bensdorp’s Book Automated Stock Trading Systems Review: A Practical Guide to Build Successful Trading Strategies

    “Automated Stock Trading Systems: A Systematic Approach for Traders to Make Money in Bull, Bear and Sideways Markets” (buy from Amazon) by Laurens Bensdorp is a comprehensive guide to the world of automated trading. The book provides an in-depth analysis of how automated trading systems work, their advantages and disadvantages, and how to build your own trading system. One of the strengths of this book is its clear and concise writing style. The author does an excellent job of explaining complex concepts in a way that is easy to understand….

    February 17, 2023

Leave a Reply

Your email address will not be published. Required fields are marked *