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https://www.reddit.com/r/personalfinance/ https://www.reddit.com/r/personalfinance/
by dclaysmith 8y ago
https://www.reddit.com/r/personalfinance/ https://www.reddit.com/r/personalfinance/
- davidhegarty 8y agoGoing to echo this one. Plus the following two books: 1/ Richest man in Babylon 2/ Rich Dad, Poor Dad. Both written for the simplest of readers but great advice clearly told. (Summaries are probably good enough)
- EnFinlay 8y agoSummary of Rich Dad, Poor Dad: Assets are things that give you money. Liabilities are things that cost you money. Therefore your house is a liability until it is sold, at which point it MIGHT be a net asset. Try to maximize your assets and minimize your liabilities. It sounds simple, and it is, but that's the primary lesson in the book IMO. It's eye-opening the first time you see things that way.
- 0x4f3759df 8y agoThe greater point is if you become a landlord, you get rich with the bank's money.
- pembrook 8y agoReddit is good for things like getting out of credit card debt, how big of a mortgage should I take, and other basic personal finance stuff. However I've seen some pretty bad advice thrown around when it comes to investing. Bogleheads is a much better resource for that.