Author Topic: I need some books on financial planning...  (Read 737 times)

WootWoot

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I need some books on financial planning...
« on: November 08, 2017, 03:29:37 PM »
...and I really, really have trouble understanding what's written in 99% of them.

I'm math-phobic, to begin with. I'm looking for something written in plain language, along the lines of Jane Bryant Quinn. Right now I'm reading one of her books, but the copyright is 2006.
The other books I took out of the library are by Samuel Case (looks a bit dry, and really old copyright wise) and "The Only Investment Guide You'll Ever Need."

I'm seriously considering "Personal Finance for Dummies." I've always liked the series (despite the title!). I have looked at some of the books recommended on here, and they seem a bit too complicated for where I'm at right now. (Where I'm at: Trying to save more for retirement, trying to manage a windfall, trying to invest money without losing any of it, hopefully without paying large fees).

So, I'm looking for something written

1. After the recession;
2. In Plain English;
3. For an older investor (not completely necessary, but "Get A Financial Life" is too "young" for me.

Can you help? Thank you very much! :)

Acastus

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Re: I need some books on financial planning...
« Reply #1 on: November 09, 2017, 12:49:25 PM »
Nothing wrong with Personal Finance for Dummies, by Eric Tyson. It was the first book on the topic I ever read. His advice on reducing expenses is pretty basic. Try the Frugalwoods blog for that.

WootWoot

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Re: I need some books on financial planning...
« Reply #2 on: November 09, 2017, 01:52:44 PM »
Thanks for responding! I'll check out that blog too.

jalich

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Re: I need some books on financial planning...
« Reply #3 on: November 10, 2017, 12:17:27 PM »
The Simple Path to Wealth by Jim Collins (jlcollinsnh) is an excellent general resource. It's not tailored to a specific age group, but explains personal investing in fairly simple terms. Plus MMM wrote the forward, so you know it's pretty closely aligned with Mustachian values if that sort of thing is important to you.

http://jlcollinsnh.com and you can find a link to http://www.thesimplepathtowealth.com/ from his homepage. The whole site is a good read; the book is mostly an edited and organized version of the blog laid out in a logical manner. Well worth the $15 IMO.

MDM

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Re: I need some books on financial planning...
« Reply #4 on: November 10, 2017, 09:41:40 PM »
Previous suggestions all good.  See also Getting started - Bogleheads and www.etf.com/docs/IfYouCan.pdf for yet more perspectives.

Find the one(s) that work best for you.  Good luck!

aceyou

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Re: I need some books on financial planning...
« Reply #5 on: November 12, 2017, 05:37:15 PM »
I'll second The Simple Path to Wealth.  He makes finance understandable and even enjoyable without dumbing anything down. 

WootWoot

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Re: I need some books on financial planning...
« Reply #6 on: November 13, 2017, 12:01:12 PM »
OK, sounds good! Thank you, everyone, for your help!

I'm almost done with the Jane Bryant Quinn book. It was helpful, especially in explaining some stuff re: life insurance.

Cwadda

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Re: I need some books on financial planning...
« Reply #7 on: November 13, 2017, 12:02:03 PM »
The Simple Path to Wealth by Jim Collins (jlcollinsnh) is an excellent general resource. It's not tailored to a specific age group, but explains personal investing in fairly simple terms. Plus MMM wrote the forward, so you know it's pretty closely aligned with Mustachian values if that sort of thing is important to you.

http://jlcollinsnh.com and you can find a link to http://www.thesimplepathtowealth.com/ from his homepage. The whole site is a good read; the book is mostly an edited and organized version of the blog laid out in a logical manner. Well worth the $15 IMO.

Yes, this book is what you want.