Reddit reviews Personal Finance For Dummies

We found 14 Reddit comments about Personal Finance For Dummies. Here are the top ones, ranked by their Reddit score.

14 Reddit comments about Personal Finance For Dummies:

u/godless_communism · 11 pointsr/AskReddit

And seriously consider taking a junior or community college class in personal finance.

Also: there's good books on personal finance that are highly recommended.

Personal Finance for Dummies by Eric Tyson
The Road to Wealth by Suze Orman
Making the Most of Your Money by Jane Bryant Quinn

Find out when Suze Orman's show is on your local PBS station and watch the fuck out of that show. She cares a great deal about the little guy and knows the typical traps that novices fall into.

u/SteelSharpensSteel · 4 pointsr/marriedredpill

u/qwicksilfer · 3 pointsr/personalfinance

My favorites are:

"The Money Book for the Young, Fabulous, and Broke" by Suze Orman link
"All Your Worth" by Elizabeth Warren link
"Personal Finance for Dummies" by Eric Tyson link
"Personal Finance at your Fingertips" by Ken Little link

u/WolfOfWallStreet20 · 3 pointsr/personalfinance

One book I highly suggest reading and tabbing (for future reference) is Personal Finance for Dummies by Eric Tyson.

This book is easy to read, and helps you understand important concepts you'll experience in the future such as insurance, retirement planning, and budgeting.

Another thing I recommend is brushing up on your student loans and figuring out the inner workings of them so when you begin to pay them off, you know what to expect. From personal experience, people don't delve deep enough into their loans until they are in the red.

u/InfectedUvula · 3 pointsr/investing_discussion

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Now, I am not going to give you specific tips on investing in financial markets. It’s like telling a 6-year-old; “I see you learned to ride a bike, let’s go see what you can do in an Apache Helicopter.” It might be fun to watch but it really is not a good plan and anything the kid may learn would be lost on him as it crashes to the ground.

You heard the familiar adage about “Give a man fish, you feed him for a day, teach a man to fish…..yadda yadda” Instead I will list a few resources that will make your journey an educational, well informed and hopefully, very profitable one:

Step 1: (estimated time to master:2-3 days of intense reading)

First get an entry level book… you know the type, it breaks stuff down so simply, it is almost insulting…yea that type! Check your library, as although these books are fantastic for the very low level learning, once you master it, you might not refer back to this one too often,
Something like this (not a shill for any author or publisher):
https://www.amazon.com/Personal-Finance-Dummies-Eric-Tyson/dp/1118117859

Sure, it may be a bit dry and parts will seem numbingly simple but I guarantee you will learn a few new things, enhance your understanding of things you already know and begin building the most solid foundation you can. Like most things in life, the foundation will determine if your future efforts are sound or just primed for unforeseen disaster.

Step 1a: (estimated time to master:1-2 hours to learn, years of pounding it into your head)

Be able to define and clearly understand the concept of “Compound interest/growth.” I cringe at the number of people who fail to fully grasp this concept and the impact it can have your life and on the value of your portfolio. Study this concept like your life depends on it. Embrace it, love it, make it your bitch. This is the one and true monolith that stands taller than all others when it comes to taking a proper long term view of your investments. It is Wonka’s Golden Ticket. Once you think you are a Comp-Int ninja, learn it some more. Never lose sight of the goal and the primary mechanism that is going to get you to the promised land. Oh, and just to make sure you are beating this concept into your head, learn the meaning of “temporal dissonance” and how it relates to so many others failing to properly reach their goals. 30 years from now, you will thank me.

Step 2. (estimated time to master:1-2 weeks with additional web research to clarify questions and concepts)

Get another book or ten. One is good to start and should be directed more towards understanding actual beginner investment in stock markets.

https://www.amazon.com/Beginners-Guide-Investing-Money-Smart/dp/1477463992/ref=pd_sim_14_1?_encoding=UTF8&amp;pd_rd_i=1477463992&amp;pd_rd_r=M1PDAGCEZ704BBNQ6JDR&amp;pd_rd_w=1YX5U&amp;pd_rd_wg=dLc5n&amp;psc=1&amp;refRID=M1PDAGCEZ704BBNQ6JDR

or

https://www.amazon.com/Investing-Online-Dummies-Matt-Krantz/dp/1119228352/ref=sr_1_3?s=books&amp;ie=UTF8&amp;qid=1484793761&amp;sr=1-3&amp;keywords=online+stock+trading+for+dummies

or

https://www.amazon.com/Stock-Investing-Dummies-Paul-Mladjenovic/dp/1119239281/ref=pd_sim_14_6?_encoding=UTF8&amp;pd_rd_i=1119239281&amp;pd_rd_r=BZHS9CJZZWBRA86WN3MP&amp;pd_rd_w=WSFFO&amp;pd_rd_wg=rGrkD&amp;psc=1&amp;refRID=BZHS9CJZZWBRA86WN3MP
or find one YOU like…I am not a damn librarian.

When you are finished with this step you should be rather comfortable with most basic stock investing terms. Words like Equity, ETF, Mutual Funds, Preferred stock, Long, short will become part of your conversations at happy hour, chicks will dig you and guys will want to be like you. (I’m sorry, I just assumed your gender and orientation, please reverse that last phrase if it better suits your lifestyle). You will dream of S&P gains and have nightmares about the words: bear, correction and SEC investigation. In other words, you are now shaping up as a solid investor with years of prosperity in front of you. Alas, you are not there yet grasshopper…

(continued)

u/Sloppy_Twat · 2 pointsr/Advice

You make $1450 a month and you are trying to buy a 2008-2010 gti? Fucking stupid. Go buy a reliable used car for $3000 and be on your way. Start thinking about buying new cars when you make more than minimum wage.

edit: You make less then minimum wage. You need to read a finance book or two. I recommend this one for you to start. Next one will get you up to speed.

u/[deleted] · 2 pointsr/personalfinance

This is a good start: https://www.amazon.com/Personal-Finance-Dummies-Eric-Tyson/dp/1118117859

Tyson writes other books on finance. Also, any book related to "financial independence" and "Retiring Early", whether you do so or not. They all pretty much bring wisdom and knowledge to your own personal finance and saving.

u/TazDreams · 1 pointr/leanfire

I like to help out. I learned through the school of hard knocks and had to find out for myself how to get ahead. I'm retired early 50s. Just lived frugally, saved, was creative, had roommates (on another floor with a separate kitchen and living space).

You sound like you are on your way living below your means.

A couple of good books by Eric Tyson that I found useful:
https://www.amazon.com/Personal-Finance-Dummies-Eric-Tyson/dp/1118117859
https://www.amazon.com/s/ref=nb_sb_ss_i_2_15?url=search-alias%3Dstripbooks&amp;field-keywords=home+buying+for+dummies+2017&amp;sprefix=home+buying+for%2Cstripbooks%2C194&amp;crid=IAOQ9V6DU20Y

u/DerekWildstar · 1 pointr/Seattle

Try this:
http://www.amazon.com/Personal-Finance-Dummies-Eric-Tyson/dp/1118117859/

u/Ipaidmybuck_o_five · 1 pointr/personalfinance

Check out the FAQ.

Also see if you can pick up a book, I really liked this one:
http://www.amazon.com/Personal-Finance-Dummies-Eric-Tyson/dp/1118117859

u/indepndnt · 1 pointr/personalfinance

One thing that I would recommend is that you at least attain a remedial understanding of money. After "finding a good financial advisor", it's still important to be able to understand what they're talking about - not to mention detect if they know what they're talking about/are trying to scam you.

Find some financial literacy books, read one or two. I just googled it so I don't know if it's good, but there is a Personal Finance for Dummies book. This will also help you know what questions to ask. And if anyone that's telling you what to do with your money ever makes you feel like you're asking too many questions, run away and find someone else.

If reading isn't your thing, you might try taking a class at a community college or find some other community resource. When I was in Oregon I was involved with the Oregon Society of CPA's and we had a financial literacy group that put on talks at local libraries and things like that.

u/fysicist · 1 pointr/personalfinance

Read a book on personal finance. I like this book:
http://www.amazon.com/Personal-Finance-Dummies-Eric-Tyson/dp/1118117859/ref=sr_1_1?s=books&amp;ie=UTF8&amp;qid=1397534249&amp;sr=1-1&amp;keywords=personal+finance+dummies

u/love2go · 1 pointr/personalfinance

I went to my local library and read Personal Finance for Dummies.
https://www.amazon.com/Personal-Finance-Dummies-Eric-Tyson/dp/1118117859.

Then I read others in that series on investing, etc.

u/Walnutbags · 0 pointsr/personalfinance

Try http://www.amazon.com/Personal-Finance-Dummies-Eric-Tyson/dp/1118117859