What is the best personal finance book to start with?
I am 28 years old, single and made $41,000 last year. I am struggling financially due to my own ignorance and need to get a hold of the reigns.
Dave Ramsey and Suze Orman have some pretty mixed reviews on how overly simplistic and what a waste of money thier work is and Givens sounds too risky. Where should I start? What do you recommend?
Try the Idiots and Dummies guides on personal finance / money management. Yes, it’s incredibly simple, but it’s a good foundation, and even financially savvy people can pick up a few tips and refresh themselves on good reminders there.
Then move on to David Bach, David Ramsey, and/or Suze Orman. They all give very similar advice, and it’s all very sound. Maybe not all of it will apply to your situation, but you pick and choose the parts that are relevant to you. Remember, you’re not looking for the hot magic stock tip that will make you instantly rich – you’re looking for practical real-life advice on how to maintain and improve your actual finances.
Don’t expect to go from novice to expert overnight, or expect one book to provide you with all the answer. Read several, then mull it all over and form your own opinion of what is best for you.
Okay, I don’t know what would be a good reading for beginners but I loved Robert Kiyosaky "Rich Dad, Poor Dad" and also Kim Kiyosaky "Rich Woman".
They are more about achieving financial independance through having your own business.
Maybe it is not what you are looking for but right now, but make sure you check it out at some point. Better sooner than later!
References :
The first book gave me the perspective and courage to set up my own business… which the crisis and the bad money planning are ruining, but anyway – awsome experience!
Dave Ramsey’s plan worked for me. I have yet to hear anyone say that they followed his advice and it ruined their life. That’s because what he teaches works.
References :
Debt free since 2006.
Try the Idiots and Dummies guides on personal finance / money management. Yes, it’s incredibly simple, but it’s a good foundation, and even financially savvy people can pick up a few tips and refresh themselves on good reminders there.
Then move on to David Bach, David Ramsey, and/or Suze Orman. They all give very similar advice, and it’s all very sound. Maybe not all of it will apply to your situation, but you pick and choose the parts that are relevant to you. Remember, you’re not looking for the hot magic stock tip that will make you instantly rich – you’re looking for practical real-life advice on how to maintain and improve your actual finances.
Don’t expect to go from novice to expert overnight, or expect one book to provide you with all the answer. Read several, then mull it all over and form your own opinion of what is best for you.
References :