Reddit Reddit reviews Get a Financial Life: Personal Finance In Your Twenties and Thirties

We found 15 Reddit comments about Get a Financial Life: Personal Finance In Your Twenties and Thirties. Here are the top ones, ranked by their Reddit score.

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Get a Financial Life: Personal Finance In Your Twenties and Thirties
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15 Reddit comments about Get a Financial Life: Personal Finance In Your Twenties and Thirties:

u/snadsnad · 37 pointsr/AskReddit

A lot of people downvoting renting and saying getting a mortgage is a sound personal finance decision need to wake up. Here is an amoritzation schedule on a 30 year $160,000 loan (loan amount after 20% down on a $200k house; a decent house in the midwest) with a 3.8% interest rate. You wind up paying $108k in interest. You do not make money on a property you are living in. You barely wind up paying more on the principal than you do in interest 12 years into the loan.

Golgatem has no fucking clue what they are talking about and apparently also does not have the faintest idea of the "true" costs of home ownership are. The reason so many people lost their homes in the real estate crash/recession was because they approached things the way Golgatem did. Get your heads out of your asses and stop thinking just because you were born in 'Murica you're entitled to a nice house with a picket fence. You should be aiming to have a positive net worth not renting a bunch of shit from the bank.

I would recommend you check out Get a Finance Life: Personal Finance in your 20s and 30.

u/dak4f2 · 12 pointsr/personalfinance

I'm rereading the book Get a Financial Life which taught me about a lot of the things I never learned at school or from my parents. It's a good place to answer your questions about what to do with your money, and these are the basics you can teach your son over the years. It helped me out immensely ~10 years ago, would recommend. Maybe it's even at your library for free.

u/cheeseburger12345 · 8 pointsr/personalfinance

My stepdad is a financial advisor and he recommends this book for young people: Get a Financial Life: Personal Finance in your 20s and 30s.

u/billFoldDog · 3 pointsr/personalfinance

Here is what is happening:

Your financial planner gets kickbacks for selling insurance policies. He wants you to have lots of money on hand so you can buy insurance policies so he can collect kickbacks.

This is why most financial planners are awful people. They take your money, say they are going to help you, then fuck you on behalf of their corporate pimps.

Drop the financial planner and figure this out yourself. You can use this personal finance subreddit, but if you need things in a book format, I recommend Get a Financial Life. This is not the last book you'll read on personal finances, but it is an excellent first book. You can finish it over the course of an afternoon or two, and it will help you understand all the basic things you need to know, from mortgages to car notes to insurance.

u/cyanocobalamin · 3 pointsr/AskMenOver30

You might want to read Get A Financial Life, for people starting off managing their finances.

There are loads of renter guides for college students ( first time renters ). Try Googling for some.

u/wijwijwij · 2 pointsr/personalfinance

Get a Financial Life: Personal Finance in Your Twenties and Thirties by Beth Kobliner

u/jrhighrocks · 1 pointr/explainlikeimfive

It really depends on your current level of understanding and your goals, but here are some good places to get started.

u/mr_kitty · 1 pointr/AskReddit

There is a lot of good information about the financial aspects of these topics in "Get a Financial Life: Personal Finance In Your Twenties and Thirties" by Beth Kobliner

u/[deleted] · 1 pointr/personalfinance

Disclaimer: I haven't read it, but I've heard good things about Get a Financial Life.

u/ass_munch_reborn · 1 pointr/AskReddit

Hmmm.... I learned my investing on the streetz!

A good all around book is called - which is great, but I don't remember how much this has in terms of investment material:

And this book looks promising:

u/acranox · 1 pointr/pics

This is a quick read that is highly useful if you want to learn a thing or two on the topic.

u/pumpkin_guts · 1 pointr/AskReddit

Along with the other suggestions here, you also need to start doing some heavy research into finances. I can tell you that charged off loans never leave your credit report, while a lot of things will drop off after seven years. If you haven't already paid back charged off loans, do those asap, because even though they still appear, how fast you pay those charges off also shows up. It's important that you understand your obligations and also how each of these things affect you so that you can address the situation properly.

I've enjoyed reading Get a Financial Life by Beth Kobliner. For me it was informative without being overwhelming. Also, Money Girl's Smart Moves to Deal with Your Debt by Laura D. Adams was a good read, too.

u/chemcalfarmr · 1 pointr/Random_Acts_Of_Amazon

I have a thing for this song atm Bleed out - Blue October :)

This book has options under $10!

And why must you stay up? Ive been working late this week n cant sleep XD

u/winteriscoming2 · -6 pointsr/Android

I don't know you, how much you are getting or your overall financial picture. What I have generally found to be true is that people who view sudden windfalls as opportunities to splurge generally do not have control of their finances. This is a common predicament in estate planning and often results in the use of trusts so that the heirs never get direct access to the money.

The above generality may not fit your case. However, I would ask yourself whether before this windfall you had a sufficient emergency fund, reasonable retirement savings and no rolling credit card balances. If the answer is no, then you might want to consider spending some time learning about personal finance before you start spending this windfall.