How do you know what is good personal finance advice?
How we manage our personal finances is all about habits and personal beliefs. Understandably so, because we all have different circumstances, needs and objectives when it comes to money. Therefore, the information that is shared online is often someone’s personal experience, their feeling that this is the right way, because it worked for them. It is not necessarily that one is wrong and the other right, it is just about sharing something personal success stories.
So, how do you know what is the best advice for you specifically? You are able to sort through the advice online when you have a solid foundation on personal finances. You build a solid foundation by learning the basics of personal money management. If you have your base right, you avoid rubbish and are able sort out what truly is worth taking as an advice. For that I would go back to good old books and familiarize yourself with the basic principles. If you are not sure what to read, here are some of my favorites, but bear in mind they are my personal favorites. So, look into them a little more and make your own judgment. Plenty of other great books out there as well of course. I enjoyed these books because they give no bs, just honest, basic principles that help you put everything into perspective and understand the different approached and reasoning behind how we deal with money.
The Phycology of Money: Timeless lessons on wealth, greed, and happiness — https://amzn.to/3HJRGO2
The Almanack of Naval Ravikant: A Guide to Wealth and Happiness — https://amzn.to/3n6ApXs
The Compound Effect: Jumpstart Your Income, Your Life, Your Success — https://amzn.to/3F3ciiA
The Subtle Art of Not Giving a F*ck: A Counterintuitive Approach to Living a Good Life — https://amzn.to/31xxEH8
A game changer for me was a kindle that I got for my birthday, I have read so much more with it, so it is worth getting. Plus, e-books are cheaper, and you get them instantly. Also, if you enjoy reading in bed or at night, it is great. Doesn’t disturb your significant other and you don’t need a separate reading light. I have the kindle oasis, and no bad word about it — https://amzn.to/3F8I6T7