Comments on: Being Financially Literate http://www.productivity501.com/being-financially-literate/483/ Pieces of the productivity puzzle. Sat, 13 Mar 2010 14:25:17 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Arnold http://www.productivity501.com/being-financially-literate/483/comment-page-1/#comment-91027 Arnold Tue, 09 Sep 2008 16:21:57 +0000 http://www.productivity501.com/being-financially-literate/483/#comment-91027 I would recommend the following books: The Total Money Make Over by Dave Ramsey The Total Money Answers Book by Dave Ramsey The Richest Man In Babylon by George Clason Rich Dad, Poor Dad by Robert Kiyosaki The Slight Edge by Jeff Olson I would also recommend the following programs: The Dave Ramsey Show - go to daveramsey.com and search for a local radio station that broadcasts the show The Suze Orman Show - CNBC check local listings Learning to be finacial literate means reading from multiple CREDIBLE sources and diffrent points of view. Take the shopping cart method (What you NEED and applies to your situation, spiritual beliefs and goals). The worst thing you can do is ask your BROKE friends, relatives or COMISSIONED financial advisers for advice. Your best bet is to take the time and initiative to learn (read the books and follow the programs) and set your financial goals. I would recommend the following books:

The Total Money Make Over by Dave Ramsey
The Total Money Answers Book by Dave Ramsey
The Richest Man In Babylon by George Clason
Rich Dad, Poor Dad by Robert Kiyosaki
The Slight Edge by Jeff Olson

I would also recommend the following programs:

The Dave Ramsey Show – go to daveramsey.com and search for a local radio station that broadcasts the show

The Suze Orman Show – CNBC check local listings

Learning to be finacial literate means reading from multiple CREDIBLE sources and diffrent points of view. Take the shopping cart method (What you NEED and applies to your situation, spiritual beliefs and goals).

The worst thing you can do is ask your BROKE friends, relatives or COMISSIONED financial advisers for advice.

Your best bet is to take the time and initiative to learn (read the books and follow the programs) and set your financial goals.

]]> By: J. B. Rainsberger http://www.productivity501.com/being-financially-literate/483/comment-page-1/#comment-53485 J. B. Rainsberger Tue, 03 Jun 2008 17:18:54 +0000 http://www.productivity501.com/being-financially-literate/483/#comment-53485 I got started with "Your Money or Your Life", and I recommend it still to anyone who doesn't have control over their spending. I got started with “Your Money or Your Life”, and I recommend it still to anyone who doesn’t have control over their spending.

]]> By: Will Kenny http://www.productivity501.com/being-financially-literate/483/comment-page-1/#comment-30414 Will Kenny Wed, 16 Apr 2008 17:07:11 +0000 http://www.productivity501.com/being-financially-literate/483/#comment-30414 In my mind, "financial literacy" is about much more than investing. Really, "literacy" implies basic skills and practices, that is, what you do to build a sound basis, which later provides opportunities for investment. There are a number of free sources of information from banking associations, aimed at educating their customers. A good place to start is "myFICO" -- you have probably heard about your "credit score" and its importance to your credit relationships. Visit www.myfico.com and take the "Credit Education" tab. Another place to build financial literacy would be the MyMoney site, www.mymoney.gov, which, in spite of its name is actually a reliable government source (the Financial Literacy and Education Commission). Besides basic information about retirement planning, saving and investing, and so on, there are some handy "calculators" you can use to better manage your money and make financial decisions. Many individual bank sites will also have links to independent sources of information. Getting the fundmentals of financial literacy down from these free sources is a good first step, so then you can save your money and "invest" it in books after you have learned enough to know what you don't know, but want to. In my mind, “financial literacy” is about much more than investing. Really, “literacy” implies basic skills and practices, that is, what you do to build a sound basis, which later provides opportunities for investment.

There are a number of free sources of information from banking associations, aimed at educating their customers. A good place to start is “myFICO” — you have probably heard about your “credit score” and its importance to your credit relationships. Visit http://www.myfico.com and take the “Credit Education” tab.

Another place to build financial literacy would be the MyMoney site, http://www.mymoney.gov, which, in spite of its name is actually a reliable government source (the Financial Literacy and Education Commission). Besides basic information about retirement planning, saving and investing, and so on, there are some handy “calculators” you can use to better manage your money and make financial decisions.

Many individual bank sites will also have links to independent sources of information. Getting the fundmentals of financial literacy down from these free sources is a good first step, so then you can save your money and “invest” it in books after you have learned enough to know what you don’t know, but want to.

]]> By: Eric http://www.productivity501.com/being-financially-literate/483/comment-page-1/#comment-25461 Eric Fri, 28 Mar 2008 15:13:15 +0000 http://www.productivity501.com/being-financially-literate/483/#comment-25461 Dave Ramsey is good. He tends to focus on the behavioral aspects of personal finance, which for most people is appropriate. I really like The Richest Man in Babylon by George Clason. I read it when I was about 12; it changed my life. Also, Learn to Earn by Peter Lynch is a great introduction to investing. Dave Ramsey is good. He tends to focus on the behavioral aspects of personal finance, which for most people is appropriate.
I really like The Richest Man in Babylon by George Clason. I read it when I was about 12; it changed my life.
Also, Learn to Earn by Peter Lynch is a great introduction to investing.

]]> By: Stephen Dean http://www.productivity501.com/being-financially-literate/483/comment-page-1/#comment-25315 Stephen Dean Wed, 26 Mar 2008 20:22:26 +0000 http://www.productivity501.com/being-financially-literate/483/#comment-25315 Wait... which book do you recommend? Maybe an Amazon link? Wait… which book do you recommend? Maybe an Amazon link?

]]> By: Arthur http://www.productivity501.com/being-financially-literate/483/comment-page-1/#comment-25309 Arthur Wed, 26 Mar 2008 19:02:48 +0000 http://www.productivity501.com/being-financially-literate/483/#comment-25309 What is the name of the Wall Street Journal book? What is the name of the Wall Street Journal book?

]]> By: Neil http://www.productivity501.com/being-financially-literate/483/comment-page-1/#comment-25308 Neil Wed, 26 Mar 2008 19:01:56 +0000 http://www.productivity501.com/being-financially-literate/483/#comment-25308 The Total Money Makeover by Dave Ramsey - in fact - read EVERYTHING you can by this guy. It's amazing. Although, instead of spending at 10 hours reading - I'd spend the 29 hours and either go to his live event or watch it online. The Total Money Makeover by Dave Ramsey – in fact – read EVERYTHING you can by this guy. It’s amazing.

Although, instead of spending at 10 hours reading – I’d spend the 29 hours and either go to his live event or watch it online.

]]> By: Peter http://www.productivity501.com/being-financially-literate/483/comment-page-1/#comment-25287 Peter Wed, 26 Mar 2008 13:36:30 +0000 http://www.productivity501.com/being-financially-literate/483/#comment-25287 I have found The Bogleheads' Guide to Investing by by Taylor Larimore, Mel Lindauer, & Michael LeBoeuf to be very insightful and I would highly recommend it. I have found The Bogleheads’ Guide to Investing by by Taylor Larimore, Mel Lindauer, & Michael LeBoeuf to be very insightful and I would highly recommend it.

]]> By: Renato http://www.productivity501.com/being-financially-literate/483/comment-page-1/#comment-25283 Renato Wed, 26 Mar 2008 13:20:27 +0000 http://www.productivity501.com/being-financially-literate/483/#comment-25283 For Spanish speakers, there is a book called "Finanzas para papá" (Finances for dad), which talks about personal finances and what you should do or expect depending on what "stage" you are in your life. For Spanish speakers, there is a book called “Finanzas para papá” (Finances for dad), which talks about personal finances and what you should do or expect depending on what “stage” you are in your life.

]]> By: Christy http://www.productivity501.com/being-financially-literate/483/comment-page-1/#comment-25282 Christy Wed, 26 Mar 2008 13:05:47 +0000 http://www.productivity501.com/being-financially-literate/483/#comment-25282 The Total Money Makeover by Dave Ramsey The Total Money Makeover by Dave Ramsey

]]> By: Matthew Book http://www.productivity501.com/being-financially-literate/483/comment-page-1/#comment-25278 Matthew Book Wed, 26 Mar 2008 10:50:50 +0000 http://www.productivity501.com/being-financially-literate/483/#comment-25278 I recommend The Total Money Makeover by Dave Ramsey (www.daveramsey.com). He has a daily radio program of which an hour is downloadable free via podcast. I listen to it every morning on my commute to work. It's really great material on the day-to-day aspects of money as well as the long-term perspective. I recommend The Total Money Makeover by Dave Ramsey (www.daveramsey.com). He has a daily radio program of which an hour is downloadable free via podcast. I listen to it every morning on my commute to work. It’s really great material on the day-to-day aspects of money as well as the long-term perspective.

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