investing made easy!
Now we come to my favorite part of money management! I have finally found books tht tell us exactly what to do when it comes to investing.
I read Rich Dad Poor Dad a long time ago and it made me angry. The book did not give me clear steps on investing, saving, or actually making money. Rich DadPoor Dad did not meet my expectations. I didn't realize at the time that this was a philosophy or way of thinking type of book. Robert Kyosaki does teach us some good points.
Rich Dad tells us to buy assets instead of liabilities, he tells us to invest and make our money work for us instead of working for money. He tells us that the rich use loopholes in the law in order to avoid paying taxes.
This is all fine advice, but Rich Dad never actually tells us what to do. Rich dad never actually tells us how to invest. What do I do to make my money work for me?! Tell me what those tax loopholes are! If you are curious about the philosophy of money, take a look here.
Now, years later, after not knowing what to do, I actually found books that tell us specifically what to do! Make this as easy for us commoners as possible.
Quit like a millionaire by kristy shen
This book is amazing! Buy it right now! if you only read one book on this list, or anything on nvesting, this is the one. The more I listened to this audio book, the more excited I got. Kristy answered all the questions I had that the Rich dad could not.
Quit Like A Millionaire teaches us how to get out of debt and start saving. First rule is to always pay yourself first. Pay yourself and your savings accounts before you pay any bills or anything else. The more money you can save now, the more freedom you will have in the future.
Kristy Shen teaches us an amaizingly simple plan on how to invest and exactly what to invest in. (Index funds, always index funds.) She teaches us an easy step-by-step plan on where to put our money so it can work for us!
Kristsys' investing plan is wonderful. She helps us with avoiding stock market crashes like what happened in 2008 and the craziness that is going on with Game Stop right now ( January 2021). If we follow her plan, we won't have to deal with anything like the temporary rises and falls that some people constantly freak out about.
We also learn about the what the tax laws are and the easy way to Leagally avoid paying. We learn how to manage our money with the mindset of avoiding fees and paying least amount of taxes as possible.
This book tackles the subject of insurance and health care as well. Of course if you are stuck in the U.S. things are a little harder, but still managable.
The entire goal of Quit Like A Millionaire is to retire early so that you still have the time and energy to live the life you want without wasting your time working for money. what would you do if you didn't have to work every day? What gets you excited about living life? What would you do if you actually had all that time?
Kristy Shen is an inspiring guru and a very entertaining storyteller. I hope her book inspires you as much as it inspired me!
you need a budget by jesse mecham
Obviously this isn't focusing on investing, but I wanted to add Y.N.A.B. to
You Need A Budget is all about how to organize and save your money in a way that wont stress you out. The basic idea is to plan for every event and bill in advance so expenses don't come up as surprizes.
A yearly expense I added to my budget is Girl Scout Cookies. I know I will be spending that money every single year, and I'm gonna plan for it!
This includes anuall bills like buying new tires, or weird and random repairs that we can never expect. We might not expect it but the money we save for it can. This is why everyone tells us to have an emergency fund. We'll never know when we have another health problem or when our basement floods. What we do know is that emergencies will always come up out of nowhere and we need our moeny to be ready for it when it happens.
It is important that we plan our money for the fun things as well as our neccesary expenses. If we plan and save up for somehting fun, we won't feel guilty about spending money on it. If you enjoy buying books and minis for Dungeons and Dragons every other month, then plan for it! If you want to buy that avacado toast every morning, then put it in your budget!
Jesse Mecham has a chapter in this book all about teaching children how to budget. The earlier we learn how to plan and save, the more time and practice we will have to save. Our relationship with money is engrained in our thoughts and emotions at an early age, we need to help the next generation as much as we can as soon as we can.
The more good habits we can create, the better life we can have.
You Need A Budget shows us what we should alread know. Dealing with money can be a lot less stressful the more we can plan where our money is going and what our money is doing for us. It i
financial freedom by grant sabatier
Financial Freedom is another helpful tome that wants you to retire early with financial independence. Grant helps us figure out how much money we would need in order to retire early. We learn how we can reach that goal in the shortest amount of time as we can.
This book has great investing advice. He tells us exactly what to invest in and how to do it in order to grow our money as fast as possible.
Grant Sabatier teaches us how to earn more money with the current job and skills that we already have, and how to maximize those results.
This books gives us great advice on how to plan and start a small business or side hustle to make even more money. It isn't as hard as you think.
This book also talks in depth about simple real estate investing that other investing books don't really talk about.
Financial Freedom is great for creating the habits we need in order to create a more fullfilling and better life. We should try to focus on a life of happiness and abundance. That means spending time on what we want instead of what an uncaring boss wants from us.
Life gets easier when we get better at it.
All of these books that I have talked about so far can teach us amazing things. But knowledge is useless untill we act on it. We have to work on our life in order to make it the best one possible.
Test everything out and don't be afriad to try new things. Find out what works for you and your specific situation.
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