Reddit mentions of The Richest Man in Babylon

Deeply sorry for your loss. I received some advice as a young man about windfalls that I’ll share with you.

Forget about the money for a year. Open a separate bank account that you won’t see and live like it isn’t there. The lost income from investments for one year will be insignificant compared to the cost of a hurried misstep.

In a year with a clear head and a strong heart educate yourself about different investment philosophies and see which ones resonate with you. Investing is very personal and there isn’t one right answer.

There isn’t a right answer, but be wary of the salesmen. All the money / wealth managers are well compensated for their advice and there are many ways they hide their fees and take advantage of their clients (even fiduciaries). If you’re considering enlisting a professional, a robotic trader like https://www.wealthfront.com/ or https://intelligent.schwab.com/ will serve you just as well with lower fees. If you do decide to enlist an advisor to help formulate a financial plan for you, find a fee-based advisor who you can pay once every few years to update the plan.

Here are a few books that were helpful to me in developing my investment philosophy that allowed me to retire in my early thirties.

Bogleheads / Vanguard Index Funds
https://www.amazon.com/Little-Book-Common-Sense-Investing/dp/1119404509

The Richest Man in Babylon (investing philosophy)
https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/1505339111

Dave Ramsey / Personal Finance
https://www.amazon.com/Total-Money-Makeover-Financial-Fitness/dp/159555078X

Tax-Free Wealth - Tom Wheelwright / How investments affect your taxes
https://www.amazon.com/Tax-Free-Wealth-Permanently-Lowering-Advisors/dp/1937832058

Where are the Customer’s Yachts
https://www.amazon.com/Where-Are-Customers-Yachts-Street/dp/0471770892

Depends on what you want. But your probably mean for retirement.

In that case you probably want an IRA account. These accounts are specifically for retirement. You probably want to chose a Roth over a Traditional. The main difference is that you get taxed on a Roth immediately vs a Traditional when you get taxed on it when you take it out of the account (pretty sure, still a student).

Khan academy has Excellent videos on personal finance.

But if you just want to increase your financial skills in general. I think the best book for just everyday use for the everyday man would be The Richest Man in Babylon. Honestly, this book covers every man topic. You can get other books for more specifics, but this will help you on your way to financial literacy. Also, if you don't mind pdf books, then here is a free copy.

The richest man in Babylon by George S. Clason

I follow them for the lolz. hahahaha

Hmm reading material ya? biasanya bible-nya day trader kalo ga ini ya ini. Tapi pendekatan investasi gue agak beda, karena gue domisili di Eropa. Gue invest di ETF karena gue taro buat dana pensiun. Nah kalo tertarik sama index investing monggo ngikut cult-nya John Bogle disini dan websitenya disini. Karena gue pake ETF di Eropa, pelajaran pertama gue dapat dari sini. Entah seberapa relevan sih buat kasus indonesia.

The Richest Man in Babylon - George Clason

https://www.amazon.com/Richest-Man-Babylon-George-Clason/dp/1505339111