To make sound financial decisions, not only do you need the basic knowledge, but you also need to keep informed about the latest financial trends. After a while, you will notice many common ideas and when something new comes up, you will be able to assimilate it with ease.
In my life, I have read many financial and self motivation books. This constant reading keeps me informed and motivated to continue searching steady returns and a better quality of life.
Here are some of the resources which I use to keep my general knowledge up to date.
Then around 10:00 am, I take a break and I read about 10 to 20 pages of a personal finance book. To see a list of the books which I have been reading during the past few years, take a look at my “Book Review” page.
During the day, while doing other activities such as walking, driving or just doing the dishes, I listen to podcast.
Here is a list of my favorite podcasts:
Planet Money: This is where everyday economics collides with the weird. I learned Economics through textbooks, where real life decisions are supposed to be rational and can be calculated, but real life is not rational. Real life is full of surprises. Planet Money highlights those economic surprises in a fun way..
Stacking Benjamins. This show is funny and informative. The two co-hosts have animated conversations about personal finance. I love the guests and the humor. By far, one of the best educational podcasts out there.
Radical Personal Finance: This show is created by Joshua J. Sheats. I love Joshua’s energy, enthusiasm and eagerness to share his knowledge. Every day he takes a financial topic and deconstructs it for us. Also, his interviews are fantastic. Even more valuable than the actionable information is the motivational inspiration. Joshua is a great speaker and motivator, and after each show I feel like I can accomplish any goal I set for myself. The only drawback is that from time to time Joshua drifts into religion and bible talk, which is not a subject that interests me.
Paul Marriman: He’s a retired financial adviser who talks about mutual funds, index funds, ETFs, etc. His ideas have shaped the way I think about investing. He has helped me make the transition from an active trader to a buy and hold investor and I have learned a lot about asset allocation.
I don’t read many blogs but my favorite blog is:
Budgets are sexy by J. Money. I have been following J. Money for a few years. I admire his dedication to personal finance. His blogs motivate his followers to save more, earn more and enjoy life more. One of his segments which has inspired me the most is his “Net worth updates” and “The ultimate list of blogger net worth” where I am currently ranked as #97.
What are your favorite sources of education/ information. Share it with us.