I really enjoyed last Friday's excursion to Barnes & Noble to read up on personal finance.
I think I want to make a habit of this. I'm going to go every Friday.
I want to learn more about:
- basic economic theory
- investment options and how to evaluate them
- how current events interplay with the world economy
- real estate
- inspirational tales of success
- anything else that might be interesting and/or useful
So, recommend your favorite book to me! In fact, recommend ten! Tell me what the book is about, why you like it, and, if applicable, how it has helped you.
What books on personal finance should I read??
August 23rd, 2006 at 12:18 pm
August 23rd, 2006 at 12:28 pm 1156336124
-LuxLivingFrugalis
http://luxliving.savingadvice.com
August 23rd, 2006 at 01:22 pm 1156339368
Here's the thread:
http://www.savingadvice.com/forums/showthread.php?p=80251#post80251
August 23rd, 2006 at 02:56 pm 1156344967
I have a B.Comm so I get the finance stuff. I'm not into it though (if the differnce make sense to you) so like his straight forward approach. Yes there are ways to fine tune it and his Christian focus might not be for you. However, I like the book and have been following his principals.
And for the first time in years, despite my background in finance, I am debt free and socking money into savings
August 23rd, 2006 at 03:19 pm 1156346359
August 23rd, 2006 at 04:28 pm 1156350530
August 24th, 2006 at 04:14 am 1156392852
August 24th, 2006 at 05:15 am 1156396513
For your investment options and how to evaluate them - not a book at all, but a collection of Warren Buffett's letters to shareholders. They are a treasure because he is usually brutally honest (take a peak at 1999) and funny about the businesses he invests in.
http://beginnersinvest.about.com/cs/warrenbuffett/a/aawarrenletters.htm
(oh yes, the about.com site isn't bad for the basics)
August 27th, 2006 at 12:57 am 1156640237
August 27th, 2006 at 01:50 am 1156643433
I read a lot of casual economics literature, but things really came together for me in a different way once I approached it systematically with a text. You can pick up an old used edition of any text really cheap off the web--Mankiw just went into its 6th edition, so a used copy of the 3rd or 4th edition will be really cheap by now, and sufficient for your purposes. There'll be new info, sure, but the core principles won't change.
As for gaining an understanding of the markets, Burton Malkiel's A Random Walk Down Wall Street is a great intro to theory. He has a shorter, more practical book focused on investing as well.
Andrew Tobias's The Only Investment Guide You'll Ever Need is still an excellent introduction to all kinds of issues. I read it 20 years ago and just read the updated version in the bookstore a couple of weeks ago.
August 27th, 2006 at 02:03 am 1156644207