Well, never got a response, but we did wind up buying two books: The Ten Commandments of Money and Smart Couples Finish Rich.
The latter I'm sort of embarrassed to have even bought, and as its title and cover suggest, it's very seminar-y and annoying, and there's a lot of fluff about filling out charts of your values as a couple. There are maybe two chapters worth of actual useful financial tips, the best of which is that you'll save a lot of money if you take out a 15 year instead of a 30 year mortgage, and on average couples who do it retire like 8 years earlier. I sort of knew that but didn't realize how big a difference it made.
Ten Commandments of Money is much, much better.
― this guy's a gangsta? his real name's mittens. (Hurting 2), Tuesday, 22 May 2012 02:04 (11 months ago) Permalink
I read The Four Pillars of Investing and I will summarize the four pillars for you1. Get2. An3. Index4. Fund
― Word of Wisdom Robots (Abbbottt), Tuesday, 22 May 2012 03:30 (11 months ago) Permalink
I used to read personal finance blogs all the time and they eventually coalesced into a blur of sameyness but I learned a lot from them. My favorite one was this:http://www.getrichslowly.org/blog/
He makes saving seem pretty easy and doable; esp bcz his personal story involved pulling himself out from being deeply ensconced in debt (from comic books, god bless him! <3). It ranges from entry level to intimidating (for me) parts of finance. A nice and helpful blog.
― Word of Wisdom Robots (Abbbottt), Tuesday, 22 May 2012 03:34 (11 months ago) Permalink
Yeah, I'm familiar with the philosophy behind index funds -- basically, you, ordinary person, are never going to beat wall street slicksters over the long term, so the best you can do is use the lowest cost means of investing in a broad swath of the market. Seems about right.
I think if I actually had any real money to invest I'd consider buying a rental property right now, like a studio or one br.
― this guy's a gangsta? his real name's mittens. (Hurting 2), Wednesday, 23 May 2012 13:44 (11 months ago) Permalink