Best Book for Money Management

[RONJON]

What is the best book for breaking down money managing for someone who knows jack shit about it? I would like something simple to understand and something I could learn ALOT from...suggestions?

RJ

[Shelby]

There is a lot of good FREE personal finance info on the net - just search around (look up "personal finance" "getting out of debt" "emergency fund", etc.).


Some books:

You should be able to get these at your local library (i.e. so you don't have to pay for them )

http://www.yourmoneyoryourlife.org/

http://www.amazon.com/Motley-Fool-Pe...1870009&sr=1-6


A good website:
http://www.bankrate.com/

[derb83]

there is a book called rich dad poor dad which is supposed to be one of the best

[Silencer]

Originally Posted by derb83

there is a book called rich dad poor dad which is supposed to be one of the best

That is more about running your own business, motivation for doing so, etc... For general money management, such as paying down debt, what is a mortgage, etc -- try one of the For Dummies or Idiot's Guide books on Personal Finances. That would be a great start.

If you meant to say stock investing, try the articles at Investopedia as a starter course: http://www.investopedia.com/university/?viewed=1

[subby]

goto your local college and get some economic books - personal money management I, Personal money management II, Accounting I, II and so on...
or do a search - 'half.com' has great deals on college books..
and boy ill tell ya.. i deffinitly kept my personal money books.. teach you everything you need to know from balancing your funs to stocks and bonds- life insurance

[willylee]

Dave Ramsey. Google the name!

[MDT]

Charles Schwab put out a very good, easy to read introductory book.
Walks you through the basics and then gives pretty sound advice (assessing your risk tolerance, percentage of stocks vs bonds, etc.)
I think it is "Charles Schwab-New guide to financial independence"

[RONJON]

hmmmm those sound interesting especially the second one shelby posted since its suppose to be humorous on top of the educating on how to save and manage the money Thank you guys

[mo chuisle]

I just picked up The Total Money Makeover by Dave Ramsey. It's excellent! He also wrote a couple books called Financial Peace. I highly recommend his stuff!

[donveto]

Originally Posted by derb83

there is a book called rich dad poor dad which is supposed to be one of the best

X2

[lilned]

Simple Wealth, Inevitable Wealth. by Nick Murray

[RONJON]

I am gunna look into all of these...i personally need something that starts at the VERY BASICS. As I am in my twenties and just starting out and looking to get a good jump start on how to be successful with my money..any one in particular that fits that description?

[Pekkerwood]

RonJon:

You have received good suggestions. I often will go to a bookstore, buy a cup of coffee and "skim" four or five books of the topic I'm interested in and then buy one of the books.

#1 Rule before you buy books: Cut expenses, save money. A dollar saved much more powerful than any advice you will receive. If you cannot save you cannot invest. To replace one saved dollar you would have to earn $1.35 plus depending on your income and the state in which you live.

[RONJON]

Originally Posted by Pekkerwood

RonJon:

You have received good suggestions. I often will go to a bookstore, buy a cup of coffee and "skim" four or five books of the topic I'm interested in and then buy one of the books.

#1 Rule before you buy books: Cut expenses, save money. A dollar saved much more powerful than any advice you will receive. If you cannot save you cannot invest. To replace one saved dollar you would have to earn $1.35 plus depending on your income and the state in which you live.

thanks bro..good advice

[Curiousity]

Originally Posted by Shelby

There is a lot of good FREE personal finance info on the net - just search around (look up "personal finance" "getting out of debt" "emergency fund", etc.).


Some books:

You should be able to get these at your local library (i.e. so you don't have to pay for them )

http://www.yourmoneyoryourlife.org/

http://www.amazon.com/Motley-Fool-Pe...1870009&sr=1-6


A good website:
http://www.bankrate.com/

Your Money or Your Life is a great book; however, it's most important lesson isn't how to save or budget money. The book's most important lesson is how to align your spending with your desires, values, and interests (i.e. what is important to you) while weaning yourself off of unfocused consumerism. This change in attitude and perception will have an incredibly powerful effect. Tips and tricks on how to budget/save money without addressing any underlying cause is like, when you are sick, treating symptoms and not the disease.

[The Transformer]

Originally Posted by RONJON

What is the best book for breaking down money managing for someone who knows jack shit about it? I would like something simple to understand and something I could learn ALOT from...suggestions?

RJ

personal finance in your 20's and 30's, for dummies

i got it and it taught me alot, one of the best books i own.