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.
The rule of 72 is a rule that can answer you the question: How many years will my money need to double for a given interest rate?
Today many products have only one use. Waffle irons, rice cookers, fondue sets, popcorn makers, toasters..
While many of these appliances are quite good at what they do - I do not use them on a regular basis. They are wasteful.
I life in a small flat and I do not want to waste money - so I love to have only a few items with multiple use.
I do not read advertisements. I would spend all of my time wanting things.
Often I feel bad after watching an ad, reading an article about the next health gadget, after watching Apple keynotes or browsing on Amazon.
I feels like I have a hole in the stomach. I have to fight internal fights. Shall I buy the thing I didn't even know about a few minutes ago?
The millionaire next door has a secret. He does not match your mental image of a millionaire. Not at all.
He doesn't own costly watches, he has a relatively cheap car. He doesn't have his house in a fancy neighborhood. His suit is just about average.
One might even mistake him for a pretty boring dude.
Maybe we are unwise to act like "the rich" - at least if we have absolutely no idea what that really means.
I highly recommend to read The millionaire next door. It will change your picture of how you become and stay rich.