Hello Everyone,
As you probably know, its very important to have a working knowledge of basic personal finance. In fact, if you have a good grasp of the fundamentals of personal finance, you’re likely to have more bucks at retirement, you’ll experience fewer stressful money problems and you’ll contribute to the nations overall economic growth (clicky). In short, it’s to your advantage to become financially literate.
The good news is that getting educated is easy. All you need is the ability to read and do simple math. To get started, I would recommend doing two things. First, find a good source on the world wide web that will cover the main topics. Yahoo finance has a comprehensive set of articles you might consider. Second, get a good primer. I recommend Personal Finance for Dummies by Eric Tyson. Tyson’s book is really first rate. It’s amusingly written and full of great information. In fact, this book is so good that I lent it a friend, and when he didn’t return it, I bought another copy. Seriously, get it.
All this reading should take 1o to 20 hours of your time. That might sound like a lot, but if it results in less stress and more money at retirement, then it’s an excellent return on your investment.
Best,
James
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