@grokkingmoney My biggest issue was having to learn all of the basics from scratch. Arriving in the US as a 29 year old but having almost no idea what a 401k was...
@peerlessmoney@peerlessmoney
I go with @ramit and 'I Will Teach You to be Rich' every time. It's the perfect starting off guide for a young adult, or will guide you back on track if you are in the financial doldrums. (Like I was!)
What personal finance book would you recommend to a young adult? I recommended The Richest Man in Babylon.
The Young Adults Guide to Personal Finance Books https://t.co/6uavCLtDb2
@rachsyme it’s when the ‘pre-programmed’ part of your life (the path you’ve always been expected to follow) tends to end and suddenly you discover you either haven’t achieved some of the things you thought you would, or you can change the things that aren’t working.
@Tawcan I heard a good method. If he saves it, you pay him ‘interest’, but anytime he spends something, he has to pay the same amount back (either to you or to a good cause). Then again, perhaps you can wait until he’s older. Like 6 😉
@WomenWhoMoney It’s a shame that we rarely pay attention to the beauty of good partnerships, whether personal or business. (Big generalization coming) Women and Men have different innate behavior that is useful at different times. It’s knowing when to apply each skill that is key
"Studies have found that women are good investors. In fact, women often earn higher returns on their investments than men. But there's still a confidence gap with women and investing." What Does It Take To Be A Successful Investor? https://t.co/AZK3xOi0Zc via @WomenWhoMoney
@shl
This is true in political arguments more than anything. For all the emotion politics can give rise to, have you ever witnessed anyone ever change their opinion in a political discussion?
I used to think I was on the right side of an argument close to 100% of the time. Then, around 50% of the time.
Now, I think it's close to 0%.
Why? Because it's much more likely both sides are somewhat wrong than one being completely right.
Here's a reminder that this FI stuff is relatively easy provided you have a high income.
It's the low-to-mid income folks that still manage to have high savings rates that are super impressive. Much tougher to pull off. Inspiring.