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Monday, August 11, 2008

Better Money Management - Part I

Recommended Reading:
The first thing you need to do is get informed! Finding a financial planner or advisor you trust is difficult because as well-meaning as they can be, they still need to make money which means they need you to buy something. Personal Finance Guru, Suze Orman, said something to the effect of "You'll make the best decisions for your money because it's yours and you care the most about it." Financial planning doesn't have to be complex and you can do it yourself if you have the tools. Let's remember good ol' G.I. Joe who taught us that "knowing is half the battle." So read up!
Articles:
* “One For the Money” by Elder Marvin J. Ashton
* “Constancy Amid Change” by President N. Eldon Tanner
* “Greed, Selfishness, & Overindulgence” by Joe J. Christensen
* “Earthly Debts, Heavenly Debts” by Elder Joseph B. Wirthlin
* “Temporal Wealth & the Kingdom of God” Teachings of the Presidents of the Church: Brigham Young, Ch. 32
* “Making Money Your Ally” by W. Steve Albrecht
* “Putting Your Affairs in Order” by Marvin J. Stanford

Books:
** The Richest Man in Babylon by George Clason (SOOO good-best "financial" book I've read so far!!)
* Anything by Suze Orman
* How to Win Friends and Influence People by Dale Carnegie
* The Bogleheads’ Guide to Investing by Larimore, Lindauer, & LeBoeuf
* The Only Investment Guide You’ll Ever Need by Andrew Tobias
* The Joy of Simple Living by Jeff Davidson
* Total Money Makeover by Dave Ramsey
* Who Moved My Cheese by Spencer Johnson
* The Millionaire Next Door by Thomas Stanley
* The Automatic Millionaire by David Bach (pretty good except that I don't agree with his notion that you don't need a budget but overall, worth reading)

3 comments:

The Boswells said...

I'm so glad you put this up, I missed enrichment night but wanted to go very much. I love the total money makeover by Dave Ramsey!

Kirsten said...

Hmmm....looks like a lot of good reading that could help me...thanks for posting these. Anyone you recommend to start with? ;-)

Kristen said...

Actually from an intellectual standpoint, meaning once you get past the spiritual responsibility of managing our finances, I totally recommend The Richest Man in Babylon. It's fabulous and contains the core principles you need. If you didn't get around to reading anything else, I recommend this one. :)