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jump to last post 1-7 of 7 discussions (7 posts)

Which Personal Finance Books Do you think Everyone Should Read?

  1. skyfire profile image75
    skyfireposted 5 years ago

    Which Personal Finance Books Do you think Everyone Should Read?

    Regardless of age, gender, country and other barriers, which personal finance advice books do you think are worth reading?

  2. peeples profile image95
    peeplesposted 5 years ago

    ANYTHING written by Dave Ramsey. The man knows money!

  3. sethpowers profile image68
    sethpowersposted 5 years ago

    Dave Ramsey is decent, especially if you are a practicing Christian, but most of his stuff is borderline obvious to any rational person. I suggest reading "I Will Teach You To Be Rich" by Ramit Sethi. It covers everything from credit cards to mutual funds and is very easy to read.

  4. LandmarkWealth profile image80
    LandmarkWealthposted 5 years ago

    Of the Published authors for the average investor I would probably suggest Ric Edelman.  His approach is similar to how I work with my clients.  As a firm he is not that cost effective to actually hire for clients under 500k in investable assets.  But with the exception to his oppostition to the use of Muni's and in some cases paying off a mortgage, I tend to agree with his views more than any other public figure. 

    Ramsey has some good ideas.  But he like most TV personalities speaks in too many generalities and many of his idea's won't work with more complex cases.  In reality people like Ramsey and Suze Orman have no serious professional experience working on complex planning issues, whereas a guy like Edelman does. Many of them have never worked in the field or only for a brief time and have really mastered the art of marketing themsevles more than anything else.  They tend to throw out very generic advice that can be dangerous if not applied correctly.  For ex...Ramsey bashes permanent life insurance as a solution constantly.  While I agree in most cases for the little guy, there are countless estate planning techniques that require this product and often make a great deal of sense.

    The other issue with Ramsey is he receives compensation for referrals to commissioned based sales people which is the worst type of business model from a client perspective.

  5. ithabise profile image85
    ithabiseposted 5 years ago

    "The Richest Man In Babylon" (George Samuel Clason)

  6. duffsmom profile image61
    duffsmomposted 5 years ago

    Finance and Investing may be branches on the same tree, but personal finance isn't just about investing or making money--it is about how to live within our means and to take care of those assets we do have.  Proper budgeting in an art.

    Personal Finance for Dummie by Tyson

    The Wall Street Journal Guide to Personal Finance

    Anything that starts off simple and takes one through the progression of making money, saving money, budgeting and finally safe investing, is a good place to start.

  7. Jeff Gamble profile image75
    Jeff Gambleposted 5 years ago

    Robert Kiyosaki's Rich Dad, Poor Dad is a good one to add to the list

 
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