Hey guys! This page just serves to be a compilation of websites and articles that I have found to be useful over the last few months for leveling up my understanding of personal financial management. I did up a concept map as appended below to help organize what I think is one way to approach learning about the subject. Do note that the portioning of income has many schools of thought.
So without further ado, a list of the websites, organized according to that framework.
LEARNING HOW TO INCREASE ASSETS
- Learn what is an financial asset. (To the layman, services and products that do not depreciate or rather appreciate in value over time).
- Managing your existing income.
- How to portion out and budget your income:
- Elizabeth Warren's 50 30 20 rule.
- Barefoot Investor's Buckets portioning.
- Dave Ramsey's Budget Percentages. (Dave Ramsey has a rather hard-line stance on debt - I tend to agree, but make your own decision).
- Increasing your potential Income.
- Learn how to invest.
- https://www.nerdwallet.com/article/investing/how-to-invest-in-stocks - Basic article on how to start investing.
- Read up first before you go in to the market - Great authors and books to read can be found via this goodreads link - https://www.goodreads.com/list/show/6440.Best_Investment_Books
- Learn how to increase your income through side-hustles
LEARNING HOW TO DECREASE LIABILITIES
- Learn what is a financial liability. (To the layman, services and products that depreciates over time).
- Reducing your purchase of liabilities
- Only buying what you need and not what you want - Use some strategies in the following website.
- Change your perspective on money and material possessions
- Charity and donations.
- https://www.thelifeyoucansave.org/blog/9-positive-effects-of-donating-money-to-charity/ - article on potential benefits of donating.
Disclaimer* These are some of the websites and books that I found interesting and useful for getting a grasp of how to manage my money. Please do your own work and make your own informed decisions (I am not a financial advisor).
Now, THIS is a helpful collection.
ReplyDeleteThanks! Glad you like it :)
DeleteHey Dan! I haven't read it actually :) I'll take a look soon :D
ReplyDelete