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01-20-2018, 06:54 PM
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#1
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Recycles dryer sheets
Join Date: May 2017
Posts: 69
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What to read?
Looking for suggestions on literature to read to improve financial literacy. please recommend books, websites …
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01-20-2018, 07:11 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Dec 2016
Location: DC area
Posts: 2,496
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My go to books for starting out FIRE learning are:
Work Less, Live More by Bob Clyantt (but it is out of print now, you can still get the Kindle edition)
All About Asset Allocation by Rick Ferri (he is working on a new edition)
There are tons of good general books about financial literacy, I've read a lot of them and standouts for a novice, off the top of my head, include Bogle on Mutual Funds, The Millionaire Next Door, and Stocks for the Long Run. A little deeper are the books by Bernstein and Graham.
__________________
FI and Semi-ER March 24, 2017
Consulting to stay engaged
"All models are wrong, some are useful." - George Box
“There is always a well-known solution to every human problem: neat, plausible, and wrong.” - H.L. Mencken
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01-20-2018, 07:20 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Atlanta Suburb
Posts: 1,499
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Here is the Bogleheads book recommendation page. I particularly like the Millionaire Next Door and the Four Pillars of Investing.
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"Oh, twice as much ain't twice as good
And can't sustain like one half could
It's wanting more that's gonna send me to my knees" - John Mayer
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01-21-2018, 03:50 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2017
Location: City
Posts: 10,351
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Malkiel, Bernstein, Ellis, Taleb, Bogle, Zweig, S&P SPIVA and Manager Persistence Report Cards. In no particular order. Maybe Malkiel first.
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01-21-2018, 07:22 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Oct 2017
Location: Tellico Village
Posts: 2,622
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For simple, I like "How a Second Grader Beats Wall Street" by Alan Roth and "The Little Book of Common Sense Investing" by John Bogle.
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Retired May 13th(Friday) 2016 at age 61.
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01-21-2018, 07:25 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Oct 2017
Location: Tellico Village
Posts: 2,622
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__________________
Retired May 13th(Friday) 2016 at age 61.
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01-21-2018, 09:55 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,895
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+1 On "The Little Book of Common Sense Investing" by John Bogle.
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Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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01-24-2018, 11:21 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 2,360
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Not to argue with the above suggestions but they all seem to be about investing. That’s certainly a very important part of financial literacy, but not the whole story.
I would add the following classic into the mix: not for its investing advice (which is dated) but because of its discussion of LBYM, keeping track of savings and expenses, and ‘the crossover point’.
Related web resources:
Summary of Your Money or Your Life
Vicki Robin videos
Vicki Robin interview
Financial Integrity Program
__________________
"To know what you prefer, instead of humbly saying Amen to what the world tells you you ought to prefer, is to have kept your soul alive". Robert Louis Stevenson, An Inland Voyage (1878)
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01-24-2018, 12:29 PM
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#9
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Full time employment: Posting here.
Join Date: Dec 2015
Location: Vancouver
Posts: 915
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 Quote:
Originally Posted by Milton
Not to argue with the above suggestions but they all seem to be about investing. That’s certainly a very important part of financial literacy, but not the whole story.
I would add the following classic into the mix: not for its investing advice (which is dated) but because of its discussion of LBYM, keeping track of savings and expenses, and ‘the crossover point’.
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I read the book last year and I appreciated the info in it even though I feel I've already had my epiphany around the value of the money I earn and the true cost of the money I spend. Investing is important but the first step is valuing and saving the dollars one earns.
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Good Riddance. April 2022
"Yes, there's some shady stuff going down but it's fuelled by stupidity."
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01-24-2018, 12:39 PM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2015
Location: Michigan
Posts: 5,003
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"Your Money and Your Brain" by Jason Zweig
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"The mountains are calling, and I must go." John Muir
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01-24-2018, 02:56 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Sep 2016
Location: Acworth
Posts: 1,214
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01-27-2018, 08:34 AM
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#12
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Recycles dryer sheets
Join Date: May 2017
Posts: 69
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Thank you for all the suggestions!
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02-16-2018, 08:38 AM
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#13
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Confused about dryer sheets
Join Date: Jun 2017
Location: Houston
Posts: 1
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Retiring Sooner & Can I Retire Yet? by Darrow Kirkpatrick
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03-01-2018, 07:25 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Jan 2016
Location: Rural Alabama
Posts: 1,359
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I like "The Automatic Millionaire" by David Bach "The millionaire next door" by Stanley and somebody (I can't remember the other name) and "How to Retire Early" by Robert and Robin Charlton. Those are basic but inspiring- if you want some more in depth reads, pm me.
__________________
Projected retirement--2020 at age 48 (done!)
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