Personal Finance Books I Recommend | by Nate Meharg | Jul, 2022 – DataDrivenInvestor

I didn’t move towards financial independence on my own, and I did it with help from many people, some from a distance, through books. Below are some personal finance books that helped me along the way.

Photo by Ed Robertson on Unsplash

I love this book because of its simplicity and detailed account of how to start your journey. It helps you reach your financial goals without budgeting, but instead “consciously” how you put your money towards a goal. Ramit focuses on automation and simplicity, and it’s a great book.

One con to this book is that it’s tough to wrap your mind around this philosophy if you are a planner. Another con is having a problem with credit cards (which most people do). It tells you some steps to ensure you never carry a balance on your credit card.

This was the first finance book I had ever read and the first financial guru I had listened to and studied. If you are in debt and need a plan to get out, this book is for you. And if you take his courses, he covers a wide swath of excellent finance topics. Most people have a problem with Dave’s approach because of his stance on credit cards. I don’t, and I’ll tell you why. More than half the people that use credit cards don’t pay them off at the end of the month. Most of us don’t need a credit card. It is too much of a temptation to overspend. If you overspend or don’t pay off your card every month, it takes away with interest (pun intended) any of the benefits you would gain.

Recently I went on a rant on credit cards in this …….


Leave a Reply

Your email address will not be published.