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Personal Money Management eBooks:
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Top Reddit reviews mentioning Personal Money Management eBooks:
Good on you for being proactive about your finances. Please cut it up so you don’t use it any more. I suggest reading this book https://www.amazon.co.uk/Total-Money-Makeover-Classic-Financial-ebook/dp/B00DNBE8P6
I think an even better book would be Your Money or Your Life, by Vicki Robin and Joe Dominguez. Just very basic, practical steps that will help you reach your goals
Wonderful comment. There is a great section in this book Pound Foolish: Exposing the Dark Side of the Personal Finance Industry that validates many of your observations. Great book from a long time (female) financial columnist.
https://www.amazon.com/dp/B00DNBE8P6/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
Read it, live by it. I know its a bit fucked to tell anyone in this position to just "be better with money" (especially with the Covid), but understanding how and where you spend money by doing a budget is critical. Getting a small sum together for emergencies, is critical.
This book really helped influence and codify how I use money, got my 50k in student loans paid off in 3 years, and has me well on my way to saving for retirement and a home.
Financial stress, constant never ending hardship of money, creates a form of PTSD that will literally kill you years ahead of your time.
TLDR: Yes it's possible, no you need more information than any video can present in 9 minutes, think about whether it's a good idea for you.
I'm not going to sit through a video that probably only has 2 paragraphs of actual information. I will say that yes, it is possible to pay off a mortgage in that kind of time frame. If you want something with a little more detail on how to get there, you might consider spending $12.99 on a book. Heck, it turns out that Amazon will autocomplete "pay off mortgage in 5 years" and you can have a book that just deals with that for about $5.
The next logical question: is it desirable? Assuming that your mortgage is affordable and you aren't buried under a mountain of debt, is there a reason not to have a monthly mortgage payment? Sure, the mortgage interest deduction is probably not a factor anymore. But why not use the leverage of that money in your bank/brokerage account? And what about the piece of mind knowing that the escrow account associated with your mortgage is taking care of the property taxes without you having to save or even think about it? I'm not saying not to pay off the mortgage, I'm saying examine your reasons for doing so and the potential pros/cons before you get rolling.
Your partner might find the book Your Money or Your Life helpful.
Rich Dad Poor Dad is also popular, but it may be aimed at younger people.
The money he's spending on crap is wasted because he doesn't actually get any enjoyment from the things he buys.
https://www.amazon.com/Total-Money-Makeover-Classic-Financial-ebook/dp/B00DNBE8P6/ref=nodl_
Piracy is a form of stealing. Don’t think Dave would be OK with stealing.
If you really need the book, call in, and he might give it to you for free.
Dave has hard cover on his site for $16 and audiobook for $20 (price rounded up). Amazon sells kindle for $17.
Il passive investing è noiosissimo, talmente noioso che il fatto di non fare quasi nulla per 20 anni (solo PAC + ribilanciamento annuale) è praticamente insopportabile per la maggior parte degli investitori. E' appena uscito l'ottimo libro The psicology of money di Morgan Housel dove il sottotitolo è:
>Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people.
​
Heads up for those who don't already own it... Your Money or Your Life eBook is on sale today at Amazon for $1.99 :
I am sorry for your loss. My wife lost an Aunt to pancreatic cancer just prior to covid and it happened about that quickly as well. It was really tough. She left behind an adult-son with a disability, husband with dementia and another adult son in what I'd describe as a 'failure to launch' scenario who hasn't left the family home at ~30 years of age. She did a lot for that family.
We both lost a couple other Aunts during covid in 2020 due to different cancers - all too young, and then I've had to move my mother into LTC due to Alzheimers this year. Mid-life is rough so far. On a similar thread topic when I mentioned these things, someone reccommended the book Die With Zero to me. It was a good read. Not exactly what you expect from the title (not full on YOLO and light money on fire) - but resonates exactly with your last statement... finances are important; life is more so (Net fulfilment > Net Worth).
"Die with Zero" - shameless affiliate plug.
17m super into traditional card and tile games, made 2 for National Day:
So Far So Good & HiMiLoDì (WIP) (for r/SGraws and SG respectively)
and a few Singapore-themed ones after I realised Singapore has close to no history in card gaming other than 大二, Mahjong (SG, Chinese and MCR) and French suited games have fallen out of favour with the general population.
I see this as due to three reasons:
1. Westernisation vs. Traditionalists
^(their game or ours?!)
What we should understand is that we can fuse and hybridise some of our games to make them more fun, crazy and harder! I made only 4 games with my own self-made rules. After embracing Pagat.com, I made 24 more in 3 weeks!
2. Gambling simulacrum games:
^(fostering addiction!)
Agreeably, this is serious. But the solution is very simple. Replace antes/blinds/bets with points and every small treat requires 1k points or above to win. Beyond this, it's at your own discipline, own discretion, OTOT. Read Allen Carr's Easy Way to Stop Gamblingfor more info.
3. Rise of The Nets
^(Come on, people.) I literally cannot say this enough. MOBA and social media are the most (trigger warning! ⚠️) >!rote rinse and repeat shiz of all time brah!<.
With that said, I'm looking for a strong and supportive traditional card gaming community in Singapore that's non-toxic and willing to welcome this strong, inquisitive and >!a bit immature(!?)!< young mind, as well as others from my school (will be heading a student interest group).
P.S. looking for strong and relatable [to youth] coach(es) for Schnapsen, Bridge, Euchre, other 2 player partnership competitive strategy card games etc.
the two things that'll help the most are
- BUDGETING - www.ynab.com and /r/ynab. a real living budget with earmarked money that you check BEFORE you spend. not napkin math expenses list and income list, those things are missing things 100% of the time.
- COOKING - my wife and i live in nyc and have a grocery budget of $400 and we shop at whole foods. our restaurant budget is $200 / month. cooking is what allows you to keep these numbers low
yes there is a book i recommend:
https://www.amazon.com/You-Need-Budget-Paycheck-Paycheck-ebook/dp/B071Y2XSFN
YOU NEED A BUDGET
i can't stress how life changing it was to start budgeting actively. started in 2013 and it removed so much stress. now in a marriage its the central planning point for us and keeps our goals aligned
In the same train of thought, put "Die With Zero" on your reading list too.
Con respecto a finanzas:
Recomiendo leer https://www.amazon.com/dp/B00DNBE8P6, es medio libro de auto ayuda pero tiene buen info y buenos piques si no tenes un plan de ahorro y ya tenes deudas.
Con respecto a tarjeta de credito, yo subscribo a la idea de usarla para todo. Primero porque no es tu plata y tenes cierto seguro para robos y eso que con la de debito no. Segundo porque algunas tarjetas te dan millas que si las usas pila te beneficias. Esto siempre y cuando pagues el total mes a mes. La idea no es endeudarse y sacar en cuotas, la idea es usarla como si fuera de debito que post paga.
Psychology. The monthly distributions keeps them motivated to keep pouring money in, maybe they enjoy researching individual higher div companies, they got burned by crashes in the past so now dividends/blue chips give them comfort and keep them in stocks, whatever. It's not my approach but we're humans not spreadsheets. Just as people don't work out or eat or manage their relationships "optimally" like robots it's the same with money too.
In The Psychology of Money the author, at the end, despite knowing 100% the "right" way to invest having interviewed multiple people about it and read the studies and all the rest admits he's 20% cash even though he knows it's "wrong". But he sleeps better at night. He has many other examples of why people don't do exactly what they "should".
Cult like is a bit extreme though, I know some US youtube channels talk all dividends all the time, but that's a branding thing. Most of them seem to have other accounts that aren't dividend centric from what I can see.
It's not a savings account where you get your 8% and it compounds, there are up quarters and down quarters which people don't always react like spreadsheets or robots to. And life isn't linear and like a chart on vanguard's site either. You have family changes and emergencies and moves and healthcare challenges and so on that may challenge your goals or even having to raid investments though you don't want to.
Investing is no different than other aspects of life either, some of the smug "I do it how fama and french say" people do not optimize their health or fitness or career or relationships the same way. And none of any of this has anything to do with book smarts, people with engineer's disease can be terrible investors!
"The Psychology of Money" is less good than some of its press but it's a good read and has some great insights that may interest you. Including that people like the author and Harry Markowitz despite knowing ALL the research about the best spreadsheet/robot way to manage their money - didn't. Because sleeping at night is sometimes more important.
I found this book very helpful. It really goes into the transition from a savings lifestyle to a spending lifestyle (e.g., retirement) and why you should do it.
I wish I had done something like #9. This book covers a lot of good stuff on the mechanics of doing the rent a room/house hacking, though it isn’t focused on VA loans. Regardless, I highly recommend the book and the strategy.
https://www.amazon.com/dp/B06Y15M786/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
Also, my college experience was more like a job where my occupation was studying. I mostly socialized with people my age who were recent graduates rather than my fellow underclassmen and in hindsight I regret that. The irony of it all is that I got out of the Marine Corps so that I could go to school and have a “college experience” like so many of my friends from HS did, and I had fully intended to go back into the Marines post college. Instead, I got in my head about being too old for college things and my experience was more akin to graduate school. That said, I did make friends with some undergrads closer to my age and got to go to some frat parties, tailgates, etc. and also participated in some intermurals and a couple of clubs and those are some of my fondest memories of school, but my regret is that I didn’t embrace being a carefree undergrad to the extent I should have.
There is a book that actually encourages people to think about money this way. I don't really follow this mentality, but it was an interesting read.
https://www.amazon.ca/dp/B0052MD8VO/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
There is a chapter in You need a Budget
Jesse also recommended The Opposite of Spoiled
Should be required reading in high school.
By far the best single source of data I've read in regards to investing.
How about the YNAB book? https://www.amazon.co.uk/You-Need-Budget-Paycheck-Paycheck-ebook/dp/B071Y2XSFN
Check out /r/ynab. The book doesn't quite meet your criteria, but I use the YNAB software and it's totally changed our lives and my mum's.
De 12e editie is gepubliceerd in 2018. Het geeft als reden om REIT's op te nemen:
>real estate has been a dependable hedge against inflation.
Libri consigliati in inglese per imparare la lingua? Al momento sto leggendo your Money or your life , dopo vorrei avventurarmi in qualche romanzo, possibilmente ultra descrittivo per imparare nuovi termini.
Ovviamente vi consiglio la lettura di your Money or your life (ita: o la borsa o la vita), molto illuminante da certi punti di vista se siete squattrinati con la paura del futuro.
There is an e-book option, (US link, couldn't get the UK link to load) but not for free (unfortunately). I always recommend the audiobook format because the book is written with steps to follow and it's easier to get bored and skip to the end with the written book. It's truly not boring, but there are parts that don't necessarily apply to every person.
WOW, you lived the "Walden on Wheels" lifestyle, congrats on that, graduating and accumulating that much in savings.
Read A Random Walk Down Wallstreet.
Day trading is essentially gambling. And, like all gamblers, day traders waste no time telling you of their money makers but you never hear about the losses.
>You Need A Budget
It's currently free on Amazon with an audiobook trial kind of thing.
https://www.amazon.ca/You-Need-Budget-Paycheck-Paycheck-ebook/dp/B071Y2XSFN
There was a book written about the authors experiences. Would that interest you, I could lookup my history
Edit: No longer mobile and I found it. Walden on wheels https://www.amazon.com/Walden-Wheels-Open-Road-Freedom-ebook/dp/B00B77UDWU/