Best Personal Finance Books for Beginners finance book for beginners

Great video!! Sharing!!!

I learned as a child what a monetarily wealthy person looks like at least in the 1950s and 60s.I grew up in n. central IL, very small rural town and the richest residents were farmers [crops and cattle] who drove their not-latest vehicles [often old farm pickup trucks] into town once a month to get supplies they didn't create or provide themselves. They wore clean overalls into the stores and attended tiny rural churches in flannel shirts and jeans. The handful of wealthy that lived in town were 3 doctors who still made house calls for the very ill or elderly, a couple of lawyers who did not flaunt their affluence in vulgar ways, and maybe a dozen "old money" families who had run the few businesses in the county that had provided nice jobs for thousands of citizens — multiple generations in town. Remember — this is 50+ years ago. That is not the current profile of the still small city.

I learned that just because a man is not dressed up in a suit and tie is no measure of his finances. They continued the adage of R R R R to the extreme following the Great Depression of the 1930s: reduce reuse recycle and repurpose, along with you cannot spend what you do not have [neither a borrower nor a lender be], and pay promptly anything you owe, no excuses. And even if things are difficult, you still share with those less fortunate through no fault of their own. But do not enable those who are wasteful or ungrateful.

As for D.R., I agree with some of his live-debt-free dages, but personally I am repulsed by so many who do not just appreciate his suggestions, but actually laud and magnify him [and all his nepotism].

You might also like The Simple Path to Wealth by JL Collins.