OP, probably not a popular opinion in this sub, but if you want to beat the majority of investors and have the most likely path to a healthy retirement, look into index funds. This book by Jack Bogle, the founder of Vanguard, lays out incredible evidence on top of evidence on top of evidence that the way to make the most money in investing is via index funds. My comment may get downvoted in this sub, but do some reading and decide for yourself :)
Good self-help books are underappreciated. They can provide the push needed to us in critical moments of our lives, e.g. to overcome short-term pain / excessive risk-aversion when making an important decision, and let us change the fundamental frames / instill useful mantras into our lives, changing our trajectories significantly. These two self-help books definitely changed my life, providing both motivation and timeless advice:
How to Fail at Almost Everything and Still Win Big: Kind of the Story of My Life by Scott Adams
Can't Hurt Me: Master Your Mind and Defy the Odd by David Goggins
I recommend these to all my friends and everybody who read them so far loved them (note that for max effect probably best to space them out and to first read Adams and then Goggins a few months later).
This process (called the diffused mode of the brain) is discussed in depth in a book I read a few years ago called A Mind For Numbers: How to Excel at Math and Science (Even If You Flunked Algebra).
Would highly recommend if anyone is interested in how your brain learns things - especially abstract concepts like mathematics and programming.
Deliberate practice.
Set yourself small, achievable goals to extend your current ability incrementally and do that regularly.
You should absolutely look into how it is invested. If you want to just do the least amount of work, look to see if there are any target date funds with expense ratios less than .2 and invest everything in the fund with the year that you want to retire. If you want to get more into it, I highly recommend the Bogleheads Guide to Investing as a very beginner friendly book that will give you the tools you need to pick funds for yourself (or maybe even decide that the target date fund is your preference).
Hey man we all get discouraged when learning something new.
You should check out this https://www.amazon.ca/Mind-Numbers-Science-Flunked-Algebra-ebook/dp/B00G3L19ZU
The author was terrified of math throughout high school and joined the army after graduating. When she was ~25 she realized the work she was doing was not going to provide her a great future, and she went back to school for an engineering degree. During this time she learned how to overcome her issues, and she's now doing a PHD.
I really liked the book, I got it on Audible but wouldn't be surprised if the library had it :) She covers strategies to deal with solving new problems and also procrastination.
I'm early thirties, and left a controlling ex a couple years ago myself (still married because they keep "accidentally" dropping the ball on their end, but that's another story). I had a discouraging experience going back to school while we were still living together, and it made me nervous about trying again. But this time has been totally different. I'm graduating from CC this spring with a 4.0!
We adult students have a lot of things going for us. There's the benefit of life experience and a fully developed brain. We tend to be more organized and driven, too. You may even find that material you struggled with as a teen comes more easily now.
However, I still get panicked every semester that I'm going to lose focus and flunk. Recently I've started having nightmares that I'm going to fail a class and not get to walk for graduation. I'm also worried because I'm starting STEM "weed out" classes next semester, so the difficulty is about the ratchet up significantly.
I'm managing by keeping my focus mostly on my current semester. I also bought a book called <em>A Mind For Numbers</em>, which is recommended for folks who aren't so confident in their math skills. It focuses on strategies for studying more efficiently and reducing the time you feel like you're grinding away but not getting anywhere.
I know it's scary, but school won't be as bad as your fear is telling you. Community colleges are very supportive places, with lots of resources to help you succeed. Take advantage of advising, free tutoring, and disability services (if panic attacks continue to be a problem). Don't let fear stop you from getting that degree! You can do it!!
> Incompetency. Watching these "technologies" develop has been like watching the first organism crawling out of primordial oceans all over again. In terms of rediscovering the past errors of technology and economic behaviour.
Oh boy you would enjoy part of /u/dgerard's book Attack of the 50 foot blockchain where he dives into the wonderful world of blockchain-based incompetency. To wit, my favorite two examples:
> * Bitomat, then the third-largest exchange, were keeping the whole site's wallet file on an Amazon Web Services EC2 server in the cloud that didn't have separate backups and was set to "ephemeral," i.e., it would disappear if you restarted it. Guess what happened in July 2011? Whoops
> ...
> * AllCrypt ran their exchange off a MySQL database ... and were running WordPress on the same database, and their WordPress got hacked such as to allow access to the exchange data. The same thing happened to Bitcoin lending startup Loanbase.
The book: https://www.amazon.com/Attack-50-Foot-Blockchain-Contracts-ebook/dp/B073CPP581
Tangential, but have you guys read One Billion Americans? Lots of really good pro-natal policy proposals in there. Big recommend.
Three-fund portfolio, as explained in this fantastic book.
>There are swaths of land in the US bigger than the country of Ireland that has a population density of between 0 and 1 person per 10 square miles.
Read The Boglehead's Guide to Investing. Don't listen to anyone suggesting stock-picking strategies. Especially not gurus who "got rich" from picking stocks.
I would recommend that you look at the book Peak: Secrets From The New Science Of Expertise. I’m reading it now and it is so interesting. It basically explains how people become experts using specific principles defined by the author as “deliberate practice.” Even though it is a researched-based book, it is written in an easy to read style; I checked it out of my local library. If you are looking to develop a skill or talent later in life, the steps outlined in this book can get you where you want to be much quicker than if you were just trying to figure it out on your own. Many people realize their dream during middle age and beyond!
Hi,
Maybe don’t try to explain your side right away. It’s been 20 years and all that he knows is from what your wife told him. He probably doesn’t want to hear your side and won’t believe it anyways. Maybe try to build a relationship with him prefacing that the history between you and his mother is a long one and one day soon you hope to tell him more.
Then do your best to get to know him for who he is. Offer to go to eat and play where he wants to. If he likes film, go to an exciting movie together. If he likes sports, play with him. He may continue to be sharp with you, but if that’s what it takes to build your relationship with your son, take the bullet. Give him time and understanding for all that has happened. It’ll be difficult for you, but I know you can do it.
How to Win Friends and Influence People is an excellent book that will help you create a relationship with your son. It’s a medium sized read, but has incredibly information. Highly actionable.
Here’s a synopsis of the book https://www.fs.blog/2012/07/how-to-win-friends-and-influence-people/
I hope this helps.
With love, Bill Dinh
Tldr: just put it in a low cost index fund. It's that simple, everyone thinks they beat the market but in reality the chance of you picking the right actively managed fund or even more miraculously pick single stocks that beat the market are not good.
I was very similar to you, and found the book <em>A Mind for Numbers</em> incredibly helpful for helping develop effective studying techniques (I read it my last semester in school, and kicked myself for not reading it sooner). There's a coursea course called "Learning how to Learn" by the same woman (+ a man, iirc) that seems to cover the same content.
Good luck!
https://www.amazon.com/Little-Book-Common-Sense-Investing-ebook/dp/B075Z6HSCJ
Jack Bogle's Little Book of Common Sense Investing is the right place to get started. Dave Ramsey is great for beginners too, but he preaches a hard line on some things that aren't necessarily true at all income levels.
I don't like Guides - as most of them are biased or tilted towards their own skewed opinions of what delivers the most returns.
I would strongly recommend reading this book: The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits)
It will explain everything - and what contributes the most to your returns over the years.
cheers! Preorders are up on Amazon too. (Available worldwide.) The current draft is kinder to Ethereum than previous drafts, but gets stuck into smart contracts a lot more. /u/vbuterin's comments over on /r/Buttcoin greatly improved the Ethereum section.
This is totally within my wheelhouse. For all intents and purposes, there is no such thing as "talent." It's better to think of talent as a subjective opinion someone gives (I.e. "you're so talented!").
Nearly everything is a skill because humans learn by modeling or trial and error. Skills are built via mental representations. Artistic endeavors are skills because anyone can do them and improve immensely.
I encourage you to read Peak: Secrets from the New Science of Expertise by K.Anders Ericsson.
The moral of the story is that no one is innately born with any skill, hence there is really no such thing as talent in that way. Just subjective opinions.
This book I read gave a neurological explanation for procrastination. They stuck someone in a fancy brain scanner gizmo and gave them a task that would trigger their procrastination. What they saw was that the anticipated discomfort you mentioned lit up the actual pain centers in the brain. They also saw, however, that this brain activity stopped when the person actually started the task. Based on this, their advice was "start by just doing a little." But in your case, it sounds like the pain response continues while doing the task. Emotional flashback?
If their model is correct, then maybe your problem isn't actually "procrastination," but you're getting the same end result of avoidance and dissociation. If so then tactics for dealing with procrastination aren't going to help as much as expected- and obviously you've tried quite hard!
art has helped me a lot. I'm glad you found something creative, I wished someone had told me that art would help me when I was first diagnosed. here's a book that will help you with your painting journey. It has helped me with my music/math/programming/graphic arts journey.
You can certainly make more money with a concentrated position in a single stock, but you also have to be comfortable with higher risk. At your age I’d simple recommend a 100% equities, no bonds portfolio. Just buy the index and don’t look at it for 5 years and let compounding do the work. It’s more about setting the right investing habits at your age than trying to get rich off of $1K. I’d recommend starting with Jack Bogle’s book titled “The little book of common sense investing.” https://www.amazon.com/Little-Book-Common-Sense-Investing-ebook/dp/B075Z6HSCJ
It’s an easy read and a good primer by the godfather of Index investing.
Best $10 audiobook out there.
This is the author.
It is what you need to prepare for when you finally get to your number.
I’m sorry, that’s sounds so frustrating, college-level math and physics can be very unforgiving if your high school math foundation is weak. It sounded like you have put in the hard work but struggle to see results. That’s an indication that your current study strategy/habit is not working and it’s time to learn some new study skills, to study not just harder but smarter. Here is the perfect book for you:
https://www.amazon.com/Mind-Numbers-Science-Flunked-Algebra-ebook/dp/B00G3L19ZU
I benefitted a ton from the book. I also agree that it would be a good idea to take a semester off to focus on your mental health and study strategy, review high-school math using Khan academy, and do some soul-searching to understand why you are in college (what’s your life goals?) so that when you are ready to come back, you will be in a much better mindset with better background and strategies to get through the struggle.
VUSA is an sp500 low cost etf in gbp. Depending on his risk appetite and how soon he needs the money he could mix it with VAGP which is Vanguard Global Aggregate Bond etf, also low cost.
I currently have 100% VUSA in my ISA.
I strongly suggest reading this book by John Bogle, the guy who invented index trackers.
Some people suggest going into a world tracker instead of a 100% US one like vusa. If you feel that the US will stop performing as they have then have a look into this other book.
I personally don't think that the world is gonna switch gears soon, hence my bet on the US market.
The book which had the biggest influence on me and changed my view on Investing was from John Bogle, Father of index funds.
This is the one and only one book on index investing you require ;-). Little book of common sense investing. Its the number one best seller in mutual fund investing over amazon.
He has written many other books too which you can slowly digest one by one.
Book recommendation that kind of answers your question in a very roundabout way
https://www.amazon.com/How-Fail-Almost-Everything-Still-ebook/dp/B00COOFBA4
> A combination of mediocre skills can make you surprisingly valuable
it is simply one indicator of a few you should use. among them, google (obv), your smart peers, professional opinions as well.
here's a book that taught me to not react with "i already know" kind of attitudes.
https://www.amazon.ca/How-Fail-Almost-Everything-Still-ebook/dp/B00COOFBA4
good luck man!
If I may, I really like the Boglehead's Guide to Investing as a good all-rounder book that'll help you through your investment journey about what to pay down, how to invest, withdraw, and live off of your investments.
I liked the book so much I bough a copy for each of my family members and I've even loaned the book to several of my friends who have been using the knowledge from the book to help them setup their financial future. I started reading the second edition they put out the other day until a friend asked if he could borrow it to have one of his employees read as he wanted to give her some direction in investments.