I graduated law school in 2015 with over $200,000 of debt. As the daughter of immigrants, born and raised in a low-income community in the Bronx, I was overwhelmed by how little I knew about money. I turned to books to build healthy money management habits, improve my credit, and, importantly, pay down my debt. I have since read dozens of personal finance books, built a community of over 60,000 on social media, and spoken to audiences nationwide about personal finance. Given the impact that books have had on my journey, I wrote my own from the perspective of a first-generation Latina that went from six figures of debt to a six-figure net worth.
Want to start investing but have no idea where to start? Get this book. I first read this book when I was about a year into my investing journey. I had started investing in my retirement through my company’s 401K plan but was stuck. I didn’t understand much of the investing lingo, lacked the confidence to buy and sell investments, and was unsure whether my strategy of balancing my student loan repayment with my investing goals was wise. Erin, Broke Millennial, provided exactly what I was looking for! Learning from a fellow millennial woman provided a fresh perspective on investing while making the topic interesting and approachable.
A guide to investing basics by the author of Broke Millennial, for anyone who feels like they aren't ready (or rich enough) to get into the market
Millennials want to learn how to start investing. The problem is that most have no idea where to begin. There's a significant lack of information out there catering to the concerns of new millennial investors, such as:
* Should I invest while paying down student loans? * How do I invest in a socially responsible way? * What about robo-advisors and apps--are any of them any good? * Where can I look online…
In my first year as an undergraduate in computer science at the University of Illinois, I took two classes that set the course for my 54-year career (6 years at TRW Systems aerospace firm, and 48 years teaching at Harvard and Princeton Universities): 1) introduction to optimization, and 2) computer algorithms. These topics continue to fascinate me, especially as they relate to improving investment performance via modern optimization technology and data sciences. Optimization plays a critical role in many domains, including supply chains, quantitative finance, and machine learning algorithms. Everyone interested in improving performance ought to understand the successful uses of this proven technology.
This book is an outgrowth of a course at Stanford University on applying quantitative methods to improve financial decision making.
Professor Luenberger has a superior talent at writing clear and logical textbooks on optimization topics. He shows the benefits of employing nonlinear programs for several applications, including pricing complex options, and achieving rebalancing gains over time. In his telling, volatility provides an opportunity to improve performance. The linkage of optimization and investing is a special treat.
Investment Science, Second Edition, provides thorough and highly accessible mathematical coverage of the fundamental topics of intermediate investments, including fixed-income securities, capital asset pricing theory, derivatives, and innovations in optimal portfolio growth and valuation of multi-period risky investments. Eminent scholar and teacher David G. Luenberger, known for his ability to make complex ideas simple, presents essential ideas of investments and their applications, offering students the most comprehensive treatment of the subject available. New to this edition Three new chapters: Risk Management, Credit Risk, and Data and Statistics Updated content and expanded coverage of many topics, including the capital asset pricing…
I joined the U.S. Marine Corps in 2008 and by 2015 I was a Sergeant who had made all the same financial decisions most service members make…tattoos, alcohol, cars, chasing tail, etc., and had a negative net worth to show for it. Then I read Rich Dad Poor Dad and the light came on. I started buying houses, and by 2021 I exited the military as a financially free millionaire and spend my time helping service members and veterans learn how to build wealth. The military is one of the best places to set yourself up for success, and these books will help you get started on that journey!
Rich Dad Poor Dad is the book that changed the trajectory of my life forever.
It is a parable that explains the difference between the traditional way of thinking “Go to school, get a good job, work hard, retire” with the entrepreneur mentality, and the concepts of utilizing passive income to replace your job at an earlier age.
I love this book because it takes the normally boring subject of finance and investing and breaks it down in a fun and easy way to learn so that you will actually finish the book and have the ability to experience that light-switch moment!
Without a doubt this is the most commonly mentioned book that I hear referenced on podcasts as “the book that started it all”.
It's been nearly 25 years since Robert Kiyosaki's Rich Dad Poor Dad first made waves in the Personal Finance arena. It has since become the #1 Personal Finance book of all time... translated into dozens of languages and sold around the world.
Rich Dad Poor Dad is Robert's story of growing up with two dads his real father and the father of his best friend, his rich dad and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains…
Investing in the share market appears to be a bewildering, constantly shifting, extremely noisy, and busy world – one best left to the experts. Fortunes can be made but, equally, fortunes can be lost – with devastating results for those on the receiving end. And yet there are a few, simple, timeless principles to investing in the market successfully – and, ironically, those principles – known collectively as index or passive investing – will be more successful than all the noisy, busy stuff put out by the industry. In writing our book, this is what we would like as many people as possible to know. It’s not about being smart.
This is a slim, to-the-point, easily understood book based on the same principles as the well-known book on writing, The Elements of Style. With its five chapters, it is the opposite of the highly complex, bewildering, we-know-more-than-you communication put out on a daily basis by the investment industry. Its wisdom is timeless. It’s all that a first-time investor needs to know.
Seize control of your financial future with rock-solid advice from two of the world's leading investment experts
Investors today are bombarded with conflicting advice about how to handle the increasingly volatile stock market. From pronouncements of the "death of diversification" to the supposed virtues of crypto, investors can be forgiven for being thoroughly confused.
It's time to return to the basics. In the 10th Anniversary Edition of The Elements of Investing: Easy Lessons for Every Investor, investment legends Burton G. Malkiel and Charles D. Ellis deliver straightforward, digestible lessons in the investment rules and principles you need to follow to…
I’ve worked in and around the tech, science and startup world for the past 10 years, and hype has played various roles in my work and life. From working in advertising where my job was to build narratives around ideas and products, then in journalism where I was tasked with sorting hype from reality when deciding who and what to write about, to now being a researcher who looks into the very nature and power of narratives, ideologies, political economies and cultures around science and technology – hype has been a recurring topic which is so important in understanding and navigating the tech industry. I hope you find these books as enlightening as I have!
Crypto is not an area I dive into much in my own work, as I find it such a challenging space to approach without getting lost in hype, misinformation and scams – it can be hard to know who to trust. I loved this book because it’s such a great approachable deep dive that left me feeling so much better informed and clearer in my own opinions on the field.
The “rollicking” (The Economist), “masterfully written” (The Washington Post) account of the crypto delusion, and how Sam Bankman-Fried and a cast of fellow nerds and hustlers turned useless virtual coins into trillions of dollars—hailed by Ezra Klein in The New York Times as one of the “Books That Explain Where We Are”
FINALIST: the Edgar Award (Fact Crime), the Porchlight Business Book Award • A BEST BOOK OF THE YEAR: The New York Times DealBook, The Washington Post, Los Angeles Times, Financial Times, The Globe and Mail, Irish Examiner, Morningstar, The Verge, Wired
In 2021 cryptocurrency went mainstream. Giant investment…
I am a veteran semi-retired Canadian financial journalist who has long made a distinction between the terms “Retirement” and “Financial Independence.” I recently turned 70 and have been financially independent since my early 60s BUT I am not yet retired. I coined the term Findependence in my financial novel Findependence Day, and since 2014 have been running the Financial Independence Hub blog, with new blogs every business day.
The late Jack Bogle, founder of Vanguard Group, published this excellent book in 2009.
Consider the following apophyrical tale related in Chapter 10 of Enough: “Too Much Success, Not Enough Character.”
It concerns an old greyhound who spent his days at a race track chasing a mechanical rabbit. Over the years, the dog had won over a million dollars for his owner but ultimately decided to quit: not because he was mistreated or had become disabled but because “I found out that the rabbit I was chasing wasn’t even real.”
Those who accumulate more money than they need in life and end up as the richest denizen in the cemetery would do well to reflect on the main premises of Enough. Remember, financial independence is about having income exceed expenses, no matter how modest those expenses might be. It’s about working only because you want to, not because you…
John Bogle puts our obsession with financial success in perspective Throughout his legendary career, John C. Bogle-founder of the Vanguard Mutual Fund Group and creator of the first index mutual fund-has helped investors build wealth the right way and led a tireless campaign to restore common sense to the investment world. Along the way, he's seen how destructive an obsession with financial success can be. Now, with Enough., he puts this dilemma in perspective. Inspired in large measure by the hundreds of lectures Bogle has delivered to professional groups and college students in recent years, Enough. seeks, paraphrasing Kurt Vonnegut,…
I’ve been a professional investment advisor for over 50 years and it took me that long to figure out the best way for individuals to retire with a decent size multi-million dollar fortune. The books I recommend speak to this topic from some fascinating and different points of view. But why did it take so long? I don’t know. I suppose the obvious answers aren’t so obvious at first, especially in a business as complex as the securities industry. But I think I finally figured it out and the solution is so elegantly simple. My professional life’s work!
The book features the ideas of some of the most successful investors of all time, including Warren Buffett, Benjamin Graham, and John Bogle. What was it that made these investors so successful, and why are there so few of them? Money Masters was one of the first in a series of books about the success of some of Wall Street’s greatest investors and it is still relevant today. These books are especially useful in preserving the thinking of great investors after they pass on. The book adds fuel to the fire of the “Efficient Market Theory” which holds that the market is highly efficient and the only way you can beat it is through luck! Try telling that to some of these great investors!
An expert reviews the experts - new and updated appraisals of the winning investment strategies of the greatest financial wizards. Money Masters of Our Time is a reappraisal and revision of those money masters who have stood the test of time plus a look at new money masters. Train emphasises the parts of their various business careers that illuminate their investment techniques focusing on notable individuals whose decisions to buy and sell have actually made money grow. How do they reason? Where do they get their information? How much do they depend on fact and how much on psychology? What…
I am economist who first started exploring retirement planning for my own personal situation. I became so captivated by the topic that I changed fields and was selected as the Professor of Retirement Income at the American College of Financial Services. I am a past curriculum director for the Retirement Management Analyst designation and past program director for the Retirement Income Certified Professional designation. More recently, I am the co-creator of the Retirement Income Style Awareness and co-host of the Retire with Style podcast. I enjoy learning and teaching about all topics related to retirement.
Stephen Huxley and J. Brent Burns bring the topics of dedicated portfolio theory and asset-liability management to life by discussing how to think about retirement investments in a new manner.
They discuss how bonds can be used to meet upcoming expenses, while stocks and other growth investments are earmarked for longer term expenses. This allows each asset class to perform as it was meant. Bonds provide fixed income rather than being used in an asset allocation model that treats them as less risky versions of stocks.
In 2022, we were all reminded how both stocks and bonds can lose value. But when individual bonds are held to maturity, investors know what they will receive.
This book presents the breakthrough technique that outperforms asset allocation - and takes your portfolio to the next level. Over the past two decades, asset allocation has become the holy grail of investment techniques. Experts championed it, brokers and financial planners sold it, clients bought it, and few questioned the wisdom of trying to squeeze widely varying investors and their financial goals into prefabricated "one size fits all" allocation formulas. Problem is, asset allocation has significant flaws in the way it is used today, especially for personal investors."Asset Dedication" exposes these flaws, corrects them, and propels investors and advisors into…
As a wealth advisor for over 37 years, I find many people reach retirement lacking clarity and confidence. Traditional financial advice often focuses on things that are unknowable, uncontrollable, and frankly don’t matter that much. While sound technical investment, estate, and tax planning are critical, the soul’s need for meaning and purpose are as important as sound financial plans. The path to true financial peace may be simpler than you think. These books can help you focus on the fewer, more critical things so that you can thrive in retirement and free yourself from financial media which is not in business to support your vision of a meaningful life.
There are many great books on behavioral investing.
Some are quite difficult to get through with case studies and a deep discussion of the research.
What I love about this book is that Dr. Crosby pulls so much of the research together in a humorous, entertaining, and useful way. Using stories and analogies, you can learn how to be a better investor by managing your behavior.
From the New York Times bestselling author of the book named the best investment book of 2017 comes The Behavioral Investor, an applied look at how psychology ought to inform the art and science of investment management.
In The Behavioral Investor, psychologist and asset manager Dr. Daniel Crosby examines the sociological, neurological and psychological factors that influence our investment decisions and sets forth practical solutions for improving both returns and behavior. Readers will be treated to the most comprehensive examination of investor behavior to date and will leave with concrete solutions for refining decision-making processes, increasing self-awareness and constraining the…
In my first year as an undergraduate in computer science at the University of Illinois, I took two classes that set the course for my 54-year career (6 years at TRW Systems aerospace firm, and 48 years teaching at Harvard and Princeton Universities): 1) introduction to optimization, and 2) computer algorithms. These topics continue to fascinate me, especially as they relate to improving investment performance via modern optimization technology and data sciences. Optimization plays a critical role in many domains, including supply chains, quantitative finance, and machine learning algorithms. Everyone interested in improving performance ought to understand the successful uses of this proven technology.
As a loyal Princeton University alum, Jack Bogle often visited us and participated in discussions at the Bendheim Center for Finance, at our investment workshops, and at reunions, as well as lectures in my and others’ courses at Princeton. Jack had a remarkable ability to take a complicated problem and distill it into simple, intuitive, and understandable terms.
This highly readable book provides several topics worth studying for individuals interested in improving their wealth and risk management activities. It shows Jack’s philosophy and his direct attitude to managing money to minimize costs; it provides an excellent starting point for establishing sound investing steps.
John C. Bogle shares his extensive insights on investing in mutual funds
Since the first edition of Common Sense on Mutual Funds was published in 1999, much has changed, and no one is more aware of this than mutual fund pioneer John Bogle. Now, in this completely updated Second Edition, Bogle returns to take another critical look at the mutual fund industry and help investors navigate their way through the staggering array of investment alternatives that are available to them.
Written in a straightforward and accessible style, this reliable resource examines the fundamentals of mutual fund investing in today's turbulent…
