Most financial books are intimidating for beginners.
I just discovered a wonder weapon, that I will recommend to novices.
The Wealthy Barber a story of 3 young people getting financial advice from a barber.
Despite his profession, the barber is a rich man.
He promises to teach them everything about personal finances in 7 months. One haircut at a time.
I found the book really enjoyable!
The Wealthy Barber covers:
- Paying yourself first 10% of your income
- Wills and life-insurance
- Planning for retirement
- Investing in a home
- Saving for bigger expenses
- Investment and income tax
- Saving for college
I disagree with some of the advice in the book - but only on details.This book is a starting point and the rest can be learned on the way.
If you are intimidated by financial books give The Wealthy Barber a try.