From the article:
> "I started thinking about writing a book in early 2017 because all my family and friends were coming to me for financial advice," she says. "I also began to wonder, well, why aren't they reading books or learning on their own? [...] And that's where the idea for 'Money Honey' came from."
So, yep, exactly.
All information is available online, but I like books, because they are structured. I read this book and I think it covers all basics you must know. It's short and doesn't go too deep into details. I think it (or something similar) can be a good start for you.
Check out Money Honey. It’s down to earth and fun to read. But TL;DR:
1.) save an emergency fund 2.) invest in a simple maybe 60/40 domestic international index split like $VTI/$VXUS 3.) consider real estate. You could buy a duplex. Live in half, rent the other 0 mortgage and maybe some net 4.) Budget like you never had this money e.g. immediately pay yourself forward by putting it somewhere you won’t be tempted to take it out, as in your IRA your 401k your HSA and then your brokerage accounts.
Retirement Simplified: The Simple Two-Step Formula to Retire Wealthy & Worry-Free
https://www.amazon.com/dp/B08D75WL4S
FREE until July 31st
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Even though bonds are more mathematical in nature, it's still easy to misinterpret how they function as investment products. It would probably not be a bad idea to pick one up before investing too far into a specific plan.
A good example is the idea of duration. Most online material simply refers to duration as the amount of risk and potential loss/gain due to rate shifts. This isn't necessarily wrong; but I prefer thinking of it more as the amount of time it would take to recover from the shift. When a bond goes down in value, its effective yield also increases; that also means that as I receive coupon payments, I can reinvest them at this higher yield as well. After a period of time, the increased coupon payments catch up with your losses and you are "whole" again, but you are now receiving payments at the higher rate. So, duration can also represent the length of recovery time.
In the case where I would be looking at a ~5 year plan with intention to still hold bonds after that period, I would not be too terribly concerned about holding a bond fund with a 2 year duration. My total outlook is certainly farther than that (some expenses spread between 0-5y and then some remaining for "perpetual" investment) and I have time to recover.
I read this book over the course of a couple days and felt it served well as a good enough education for my needs. Nothing terribly shocking, but understanding enough that eventually got me over my personal concerns with low interest rates. At the same time, I'm sure there are plenty similar ones you can find free in a library.
I just finished listening to this book on audible. It was a quick listen and explained IV and the Greeks and even some basic strategies. I found it very helpful. I’ve only been buying calls and puts but this makes me a bit more confident in selling options now.
https://www.amazon.com/Options-Trading-QuickStart-Simplified-Beginners-ebook/dp/B01DSKA0E4