There are a lot of sources "out there" which deal with economic matters of all types. Many deal with budgeting--the how and why. Many deal with investing--how, when, where and why. Many deal with savings--how much, when, where and why. However, not all sources are up to date, taking into account the many factors which can and have changed. Many are opinions that may or may not work as a general rule for the majority of people. Yes, a whole lot of the advice out there is good, bad or or unintelligible to the general public.
So, what sources have you found that are reliable as to facts given, are practical as to advice given and are fairly easily decipherable for an audience not comprised of PhDs in finance? Please leave your choices in the comments section.
3 comments:
The biggest are often the best, because people find that they work.
Depending on what you're looking for, WSJ.com (finance), Mint.com (personal finance), and the like are great. People swear by Dave Ramsey.
Honestly, I've always found/felt that awareness and common sense are best. It won't get you rich quick, but it will keep you comfortable in the long run.
The Kiplinger newsletter is quite good. http://www.kiplinger.com/
Scott Adams's "Unified Theory of Everything Financial." This is torah, everything else is just commentary; go and learn...
1. Make a will
2. Pay off your credit cards
3. Get term life insurance if you have a family to support
4. Fund your 401k to the maximum
5. Fund your IRA to the maximum
6. Buy a house if you want to live in a house and can afford it
7. Put six months worth of expenses in a money-market account
8. Take whatever money is left over and invest 70% in a stock index fund and 30% in a bond fund through any discount broker and never touch it until retirement
9. If any of this confuses you, or you have something special going on (retirement, college planning, tax issues), hire a fee-based financial planner, not one who charges a percentage of your portfolio
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