Question : Can anyone suggest a good book on personal finance?
Can anyone suggest a good book on personal finance? I have looked through the half.com $1 selections and the library, but it seems many of the books on this topic are filled with 100's of pages of common sense (i.e. give up your latte's, put 10% of earnings in a high yeild savings). I would like something that covers the basics for retirement planning, and personal investment, etc. Any suggestions?
- asked by honey
All Answers:
Answer #1
I like books from Dave Ramsey
- answered by Peeled Onion Heads
Answer #2
I think it depends on where you are in yourknowledge about personal finance.For instance, ifyou already know to stash all possible cash infirst, savings, 2d 401k, 3d Roth, 4th Other--thenwhen you have a considerable stash-- you are readyfor the next step-- which for me was a brokerwhere I stuck #1, #3 and #4-- and afterretirement, also #2. The total providedconsiderable leverage in my account which drovedown my per trade cost.I learned from financemagazines ( if you itemize they CAN be adeduction) which will repeat basic informationabout the third year around. I bought US SavingsBonds thru work-- as my emergency $.Any increasesin pay went directly to one of the savings.Mypower company allowed me to pay extra over myelectric bill which then went into a stockaccount.I bought a investment dictionary at agarage sale.I bought a Investment for Dummies at agarage sale.I lived UNDER my income.I used mybroker's online site to research what I didn'tunderstand until I thought I did understand.Iinvested and learned the hard way, but gainedenough that I kept at it. When I retired I paidcash for my house and my car from what I'd putaway in "other".I truly understand your question. The answer as I see it is: Save money and stashit in as many ways as possible-- max out your 401kwith matching as much as possible. If there is adifference in what you CAN put in an IRA and whatyou have put in the 401k-- open a ROTH and do it. Don't forget that emergency cash fund-- figureyour worst scenerio and put it where you can getto it in 15 days or so.That's the best I can dofor you. It worked for me.Good luck and constantsaving!I don't know this Dave Ramsey but see himmentioned frequently.
- answered by omajust
| 
measure and fulfill your financial needs
