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Suggested finance reading
Posted on 11/3/20 at 9:53 pm
Posted on 11/3/20 at 9:53 pm
I would like to hear of any books anyone suggest reading regarding personal finance and money management.
I'm almost finished with David Bach's Automatic Millionaire. The title may sound corny but I think it's a solid book that I would recommend to anyone just starting out (The book has a lot of keys points that can be extremely beneficial to someone with time in their favor) or to someone who feels they are at a wall with how much they are capable of saving. It was reassuring to me to read that there were a lot of things he suggest that I'm already doing, but there were also some very good points I was ignorant of such as where he suggest putting your rainy day/emergency funds.
I've heard many people speak about Dave Ramsey's Total Money Make Over, but after researching on it a bit it seems its really angled towards people with severe debt issues. I'm not writing it off, it just feels like why read a self help book for an issue you don't have.
I'm almost finished with David Bach's Automatic Millionaire. The title may sound corny but I think it's a solid book that I would recommend to anyone just starting out (The book has a lot of keys points that can be extremely beneficial to someone with time in their favor) or to someone who feels they are at a wall with how much they are capable of saving. It was reassuring to me to read that there were a lot of things he suggest that I'm already doing, but there were also some very good points I was ignorant of such as where he suggest putting your rainy day/emergency funds.
I've heard many people speak about Dave Ramsey's Total Money Make Over, but after researching on it a bit it seems its really angled towards people with severe debt issues. I'm not writing it off, it just feels like why read a self help book for an issue you don't have.
Posted on 11/3/20 at 10:03 pm to RatchetStrap
The millionaire next door was a good one for me. Really highlights the importance of saving.
I liked Dave Ramsey’s Total Money Makeover. I don’t agree with some of the finer details about no credit cards or paying off your house early, but it’s sounds advice and keeps you healthy afraid of debt.
Rich Dad Poor Dad was also good to just get the basic idea of building wealth by buying assets vs liabilities.
I’m sure there are a ton of others. These are just a few that I’ve read.
I liked Dave Ramsey’s Total Money Makeover. I don’t agree with some of the finer details about no credit cards or paying off your house early, but it’s sounds advice and keeps you healthy afraid of debt.
Rich Dad Poor Dad was also good to just get the basic idea of building wealth by buying assets vs liabilities.
I’m sure there are a ton of others. These are just a few that I’ve read.
Posted on 11/4/20 at 9:02 am to RatchetStrap
Andrew Tobias "The Only Investment Guide You'll Ever Need." That is the title of the book, not my opinion.
I read his first edition as a young man married in 1975. When my children achieved adulthood, I gave each of them a current edition. I read a later edition and found it a bit "busy" but necessary because changes to the investment landscape, ETFs for example.
I still think it is a great book for young people getting started.
I read his first edition as a young man married in 1975. When my children achieved adulthood, I gave each of them a current edition. I read a later edition and found it a bit "busy" but necessary because changes to the investment landscape, ETFs for example.
I still think it is a great book for young people getting started.
This post was edited on 11/5/20 at 7:24 pm
Posted on 11/6/20 at 11:33 am to RatchetStrap
Also there is a lot of reading material in the stickied thread at the top of the money board.
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