I know nothing about personal finance. My parents never taught me and I need a complete introuduction to budgeting, saving, and investing. Step by step guidande kind of stuff. Does any have advice?
2006-09-09 07:40:27 · 9 answers · asked by bsamuelstrauss 1 in Business & Finance ➔ Personal Finance
Good for you for asking this question!
I am going to suggest you start with just one book (and an alternate). Buy (or borrow from the library) The Wall Street Journal Guide to Understanding Personal Finance (4th edition). This is about the best book of its type that I have found.
As an alternate, consider Personal Finance for Dummies (4th ed). While I dislike the "Dummies" name, their books are usually pretty good, and not for Dummies at all.
Personally, I don't think Suzie Orman is all that great.
2006-09-09 18:17:42 · answer #1 · answered by Y Answerer 6 · 0⤊ 0⤋
Yes! Order the set of books by Suze Orman. She is great and will take you through the steps from A-Z. I also bought my daughter the book on personal finance for "dummies" - she needed it BAdddd. It talks about ways to save, setting up a budget etc.
2006-09-09 07:43:18 · answer #2 · answered by nquizzitiv 5 · 0⤊ 0⤋
Go to your library and ask the librarian to recommend a couple of books on the subject. Investing for Dummies is a decent beginning book.
2006-09-09 08:00:57 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Catholic college knowledgeable and the nuns began coaching us approximately checking, fee reductions and budgeting in 0.33 grade. They built-in the classes into math. Decimals grew to alter into money, fractions have been budgeting and we even had to seek for an house interior the classified ads. hire lower back then became into one hundred twenty five and familiar income for a HS graduate became into $80. Served me nicely for the duration of existence
2016-12-12 05:28:07 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Try motleyfool.com
also Susie Orman or Johnathan Pond
on tv sometimes
read books, good luck
I found out that when I had money in stocks, I wanted to learn about it more
2006-09-09 07:42:59 · answer #5 · answered by kurticus1024 7 · 0⤊ 0⤋
Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.
http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
http://www.streettalklive.com section university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:
fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy
technical analysis==(chart+indicator)>> when to buy
Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live
At the age of 32. my 401k is amassed 74,000.00 and 30000.00 in taxble account. by follow simple rule
2006-09-09 19:22:32 · answer #6 · answered by Hoa N 6 · 0⤊ 0⤋
Go to the site http://www.hot8sites.com/finance/
It has great articles on finance including your quries.
2006-09-09 07:44:39 · answer #7 · answered by Anonymous · 0⤊ 0⤋
www.investopedia.com
finance.yahoo.com >>>> lots of really good articles on finance
www.morningstar.com
www.bankrate.com
Also, most computer come equipped with Microsoft Money. It is a really good tool to keep track of your spending and keep a budget.
Good luck.
2006-09-09 09:49:25 · answer #8 · answered by amanda 3 · 0⤊ 0⤋
check out daveramsey.com he is great with finances and funny too
2006-09-09 07:42:04 · answer #9 · answered by one hot mamma 5 · 0⤊ 0⤋