Read Rich Dad Poor Dad
Heard good things about The Millionaire Next Door
Any others you guys recommend?
Heard good things about The Millionaire Next Door
Any others you guys recommend?
Duncan Idaho said:
Advice for 20 somethings recently out of college and have a decent job and are taking care of the fundamentals ....
1)dont buy too much house/pay too much rent and don't buy a house too soon (maintain your geographic Independence why your career is still young and be able to weather a lay off because they happen...a lot)
2)dont buy too much car, ever. (While a complete pos may keep you from getting laid, you are never going to get laid because of your car.
3)dont have too serious of a relationship too soon. (See point one above and the type of partner you can attract and will want at 20 is completely different from what you can get/want at 30)
This is great advice, and advice I follow. But I can't help think about that poor SOB who drops dead at 69 and 364 days.Quote:
At your age I got my hands on everything by Bogle.
Now and again, when I get the itch to change things up just for the sake of changing, I reread his words.
Then I stop wanting to change and remind myself of this quote of his, my favorite:
"If you never peek from the age of 20 to the age of 70, you'll rip that first 401(k) statement open at age 70, and I recommend you have a doctor on hand because you'll go into a dead faint. Your heart might even stop. You're going to have an amount of money you can't even imagine"
freecashflow said:This is great advice, and advice I follow. But I can't help think about that poor SOB who drops dead at 69 and 364 days.Quote:
At your age I got my hands on everything by Bogle.
Now and again, when I get the itch to change things up just for the sake of changing, I reread his words.
Then I stop wanting to change and remind myself of this quote of his, my favorite:
"If you never peek from the age of 20 to the age of 70, you'll rip that first 401(k) statement open at age 70, and I recommend you have a doctor on hand because you'll go into a dead faint. Your heart might even stop. You're going to have an amount of money you can't even imagine"
Don't forget to live folks!
gig em 02 said:
Millionaire next door should be your first read.
Dave Ramsey should be your second.
After those two you can start to explore how debt can be used to benefit you and why people will crap on Ramsey after my post, but you really need to understand the concepts in those two books before you REALLY need them.
freecashflow said:This is great advice, and advice I follow. But I can't help think about that poor SOB who drops dead at 69 and 364 days.Quote:
At your age I got my hands on everything by Bogle.
Now and again, when I get the itch to change things up just for the sake of changing, I reread his words.
Then I stop wanting to change and remind myself of this quote of his, my favorite:
"If you never peek from the age of 20 to the age of 70, you'll rip that first 401(k) statement open at age 70, and I recommend you have a doctor on hand because you'll go into a dead faint. Your heart might even stop. You're going to have an amount of money you can't even imagine"
Don't forget to live folks!
Moving this below the "Don't forget to live" postsgig em 02 said:
Millionaire next door should be your first read.
Dave Ramsey should be your second.
After those two you can start to explore how debt can be used to benefit you and why people will crap on Ramsey after my post, but you really need to understand the concepts in those two books before you REALLY need them.
Really glad to hear that. The book is short and sweet. It reads like the most sound financial advice written by your financial-savy grandfather.Topher17 said:
Just finished The Simple Path to Wealth based on this thread and really enjoyed it. I've already been doing some of the things he suggests, but it certainly put it into perspective that with a little more focus, being FI is attainable more quickly than I'd previously thought. Thank you all for the recommendation.