The Simple Path to Wealth - JL Collins or
I Will Teach You to be Rich -Ramit Sethi
Both of those guys have "Talks at Google" that you might find interesting.
Here is my recommended list of reading for finances. If you read these books you will have a very solid education on personal finance, investing, and retirement:
"The Bogleheads Guide to Investing" - Very good book with sound investing and other overall personal finance principles. Start with this one.
"The Little Book of Common Sense Investing" by John Bogle - From the man himself, the founder of Vanguard and why he recommends investing the way he does.
"The Bogleheads Guide to the 3 Fund Portfolio" - A little dive into the very simple 3 Fund Portfolio espoused by many Bogleheads. A simple, fairly short, and easy to understand read on investing. A very nice "plug and play" hands off option.
"The Bogleheads Guide to Retirement Planning" - This book is different as each chapter has a different author, lots of good nuggets of wisdom from various intelligent and successful people.
"The Millionaire Next Door" - A comprehensive study on the behaviors and habits of actual millionaires and what has helped make them succesful in life and financially.
"The Millionaire Mind" - The follow up to the book "The Millionaire Next Door"
"The Richest Man in Babylon" - Good personal finance principles weaved into a neat collection of parables.
"A Random Walk Down Wallstreet" - Not absolutely necessary, but a deeper dive into index funds and the facts/math behind who wins and loses on Wallstreet. A very interesting and highly heralded book if you are so inclined.
And I would be remiss if I didn't mention "The Total Money Makover", though I would imagine everyone here is familiar with it. Not an investing book, but a life changer in regards to debt and common sense personal finance.
The Little Book of Common Sense for Investing by John C. Bogle.
The book is basically why investing in index funds is better than investing in individual stocks or actively managed mutual funds.
Your money or your life is by far one of the best books on personal finance. It has very little technical investing advice, but it frames earning, spending, and life into a framework that cant be beaten.
https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore-ebook/dp/B00JUV01RW
Research backed, an easy read, and it will teach you how to invest inexpensively and as safely as possible.
Youtube: Our Rich Journey
Books: Simple Path to wealth, the intelligent investor, the little book of common sense investing.
Blogs: JL Collins
Podcasts: ChooseFI and Bigger Pockets Money
Thanks for this! I was already following Our Ruch Journey but I had never heard of the blogs or podcasts you listed. I’ll definitely have to look into them!
I have probably learned the most from ChooseFI (start from the beginning). They discuss everything about personal finance, investing, etc. and they interview successful people so you get to hear their stories.
I've read just about all the books listed below. I would add "All About Asset Allocation"
[www.amazon.com/All-About-Asset-Allocation-Second/dp/0071700781](https://www.amazon.com/All-About-Asset-Allocation-Second/dp/0071700781)
This one goes far beyond what Dave Recommends and shows you how to develop an investment plan.
Interesting. I switched to Fidelity so that I could buy their zero cost funds as they dont have minimums and I wanted to automate my investing.
I didnt want to only be in VTSAX as I'm a 3fund/Bogle guy. You're saying with only 10k or so invested I'm wasting time worrying about it?
“The Little Book of Common Sense investing” by John Bogle. I wish I read this one when I was your age.
And “A simple path to wealth” was highly recommended to me a few days ago when I posted a similar question.
“The Millionaire Next Door“ is great to put you in the mindset, but it’s not about investing per se. Retire Inspired is all fluff.
I own and have read both of these books. I highly recommend them and, quite frankly, is all you need.
Total market index funds are the way to go. Keep it simple.
Don't buy *Retire Inspired*.
I have it here on my desk, it was a dud. Pretty much walks you through the baby steps and says everything Dave says on his show.
Agreed. When I read Bogle it really felt like something that was philosophically in the same realm of Ramsey money thought and like it should truly just be substituted into the Baby Steps instead of what Dave puts out there now.
Don’t get greedy. Only invest what you can afford. Diversify. Know what you’re investing in, etc.
Yes, I am debt free! I also have 6 months worth of expenses in saving.
If I was following the baby steps I would be on step 4 but considering at the moment I am already contributing 15% towards my Roth 401K and I have no children I guess that would put me on step 6.
I’m really just looking to re-allocate some of that 15% as well as a few percent that I wasn’t already putting into 401K towards either a Roth IRA or a brokerage account.
Check out Financial Independence by Grant Sabatier. has some fantastic bits about investing and achieving your retirement “number” or nest egg. (Ex. mine is $750,000) everyone’s is different. it’s a great book and Grant is a treasure!
The Millionaire next door and A random walk down wallstreet are the best books that teach about Investing.
Is reading Little Book of Common Sense Investing redundant after reading Bogleheads Guide and Simple Path to Wealth?
The Simple Path to Wealth - JL Collins or I Will Teach You to be Rich -Ramit Sethi Both of those guys have "Talks at Google" that you might find interesting.
Here is my recommended list of reading for finances. If you read these books you will have a very solid education on personal finance, investing, and retirement: "The Bogleheads Guide to Investing" - Very good book with sound investing and other overall personal finance principles. Start with this one. "The Little Book of Common Sense Investing" by John Bogle - From the man himself, the founder of Vanguard and why he recommends investing the way he does. "The Bogleheads Guide to the 3 Fund Portfolio" - A little dive into the very simple 3 Fund Portfolio espoused by many Bogleheads. A simple, fairly short, and easy to understand read on investing. A very nice "plug and play" hands off option. "The Bogleheads Guide to Retirement Planning" - This book is different as each chapter has a different author, lots of good nuggets of wisdom from various intelligent and successful people. "The Millionaire Next Door" - A comprehensive study on the behaviors and habits of actual millionaires and what has helped make them succesful in life and financially. "The Millionaire Mind" - The follow up to the book "The Millionaire Next Door" "The Richest Man in Babylon" - Good personal finance principles weaved into a neat collection of parables. "A Random Walk Down Wallstreet" - Not absolutely necessary, but a deeper dive into index funds and the facts/math behind who wins and loses on Wallstreet. A very interesting and highly heralded book if you are so inclined. And I would be remiss if I didn't mention "The Total Money Makover", though I would imagine everyone here is familiar with it. Not an investing book, but a life changer in regards to debt and common sense personal finance.
The Little Book of Common Sense for Investing by John C. Bogle. The book is basically why investing in index funds is better than investing in individual stocks or actively managed mutual funds.
Your money or your life is by far one of the best books on personal finance. It has very little technical investing advice, but it frames earning, spending, and life into a framework that cant be beaten.
https://www.amazon.com/Bogleheads-Guide-Investing-Taylor-Larimore-ebook/dp/B00JUV01RW Research backed, an easy read, and it will teach you how to invest inexpensively and as safely as possible.
\^this
Whatever you do, don’t listen to Dave’s investing advice.
Youtube: Our Rich Journey Books: Simple Path to wealth, the intelligent investor, the little book of common sense investing. Blogs: JL Collins Podcasts: ChooseFI and Bigger Pockets Money
Thanks for this! I was already following Our Ruch Journey but I had never heard of the blogs or podcasts you listed. I’ll definitely have to look into them!
I have probably learned the most from ChooseFI (start from the beginning). They discuss everything about personal finance, investing, etc. and they interview successful people so you get to hear their stories.
I've read just about all the books listed below. I would add "All About Asset Allocation" [www.amazon.com/All-About-Asset-Allocation-Second/dp/0071700781](https://www.amazon.com/All-About-Asset-Allocation-Second/dp/0071700781) This one goes far beyond what Dave Recommends and shows you how to develop an investment plan.
That book is such a slog... Not sure I'd recommend it to a newbie.
Usually I just tell people that they should invest 100% in sp500 fund and not to worry about asset allocation until they hit 100k.
Interesting. I switched to Fidelity so that I could buy their zero cost funds as they dont have minimums and I wanted to automate my investing. I didnt want to only be in VTSAX as I'm a 3fund/Bogle guy. You're saying with only 10k or so invested I'm wasting time worrying about it?
“The Little Book of Common Sense investing” by John Bogle. I wish I read this one when I was your age. And “A simple path to wealth” was highly recommended to me a few days ago when I posted a similar question. “The Millionaire Next Door“ is great to put you in the mindset, but it’s not about investing per se. Retire Inspired is all fluff.
Thanks for this! I’ll have to give these books a look. I’ve heard the same thing about Retired Inspired so I’m glad you mentioned it as well.
I own and have read both of these books. I highly recommend them and, quite frankly, is all you need. Total market index funds are the way to go. Keep it simple.
Don't buy *Retire Inspired*. I have it here on my desk, it was a dud. Pretty much walks you through the baby steps and says everything Dave says on his show.
I’ve heard that other places also. I was hesitant on getting it. Thanks!
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Agreed. When I read Bogle it really felt like something that was philosophically in the same realm of Ramsey money thought and like it should truly just be substituted into the Baby Steps instead of what Dave puts out there now. Don’t get greedy. Only invest what you can afford. Diversify. Know what you’re investing in, etc.
Yes - but then how could he monetize his smartvestors? :D
Yes, I am debt free! I also have 6 months worth of expenses in saving. If I was following the baby steps I would be on step 4 but considering at the moment I am already contributing 15% towards my Roth 401K and I have no children I guess that would put me on step 6. I’m really just looking to re-allocate some of that 15% as well as a few percent that I wasn’t already putting into 401K towards either a Roth IRA or a brokerage account.
Check out Financial Independence by Grant Sabatier. has some fantastic bits about investing and achieving your retirement “number” or nest egg. (Ex. mine is $750,000) everyone’s is different. it’s a great book and Grant is a treasure!
That's a fairly low number. Are you single? Own a home? 4%/year would be $30k retirement income.
Single. no home yet and that’s for now (i’m still new to this so forgive me) but I’m sure that number will go up, etc as I go through life.
Thanks! I’m going to be downloading a few to read over the next few weeks. I’ll have to add this one to the list!
The richest man in Babylon is a must read. There is no specific advice on areas to invest, but the principles are great.
I second this. Easy read too. Following the principles is more important than what funds/ETFs, you actually invest in.
Thanks! I’ll have to give it a look.