So the Jolly Librarian doesn’t buy lots of clothes or fancy cars or jewelry. But she has been known to buy books. Lots and lots of books. So, like many people, she needed some financial advice. But she needed it in a simple and straightforward manner. She wanted to understand how to have more money. But she didn’t want to have to spend every day worrying about it.
The Index Card: Why Personal Finance Doesn’t Have to Complicated by Helen Olen and Harold Pollack was perfect for her. The advice was easy to follow and immediately erased any guilt about not following the stock market closely. As the authors state: “You’re not Warren Buffett.”
While the advice itself is simple, it does require some work and discipline. But what it doesn’t require is a finance degree. Here are a few nuggets of wisdom from the authors:
- Strive to save 10-20% of your income.
- Pay your credit cards balance in full every month.
- Max out your 401(k).
- Never buy or sell individual stocks.
Even if readers know some of this already, it’s a good reminder. It’s a quick read and going on the Jolly Librarian’s list of most helpful books for 2016.
Find out more here.