Thanks to tips from readers, the following articles have been updated:
I have an upcoming book review to post (on Michael Barr’s Singapore: A Modern History, which I will format after this post). And I have Dr. Barr’s other book, Lee Kuan Yew: The Beliefs Behind the Man, which I endeavour to get round to reading also.
Since several people have asked me about “books I’ve been reading” over the past few months, I thought I’d make a quick post about a subject I have a keen interest in.
Personal finance is something I wish I’d gotten into when I was in my early 20’s. So if you’re a reader below the age of 25, take note! As an optimist, I believe it’s never too late to start learning important things — just do what you can to get a good grip on your money matters whatever age you are.
This list is mostly US based, so the content talks about retirement account options that may not be available in other countries. I’m not quite sure about how robo-advisors work in Singapore, but the principles about earning, saving, and wisely investing are universal.
If you have any resources to share, feel free to leave a comment or email me so that other people can check it out too :)
Recommended Personal Finance Books:
Total Money Makeover – Dave Ramsey. This is a great book for getting started with budgeting, and avoiding or getting out of debt. The anecdotes are eye-opening because you get to read about how other people got into tons of debt (and got their way out!).
More Than Enough – Dave Ramsey. This was an interesting book as it went beyond general basic steps towards budgeting and living debt-free. It explores the concept of prosperity, giving back to one’s community, and how finances are inextricably linked to romance in relationships. Boove.co.uk included this recommendation of mine in their list of books to master your personal finances.
Automatic Millionaire AND Smart Couples Finish Rich – David Bach. Read the second book if you’re in a relationship. Many couples argue about money, so you want to make it a priority to be on the same page as your partner when it comes to money. Bach also has a book titled, Smart Women Finish Rich (select the one that best applies to you).
The Millionaire Next Door – Thomas J. Stanley and William D. Danko. This was another interesting book with lots of statistical research. It explores the concept of frugality and how it’s a practical way to protect you and your family’s finances.
Optimal Finance Daily (podcast) – I got a new job earlier this year as a writer/editor for the personal development podcast, Optimal Living Daily. Needless to say, I LOVE my role and the tasks I work on! There are five separate shows according to your interest (personal development; personal finance; business; health; and relationships). Optimal Finance Daily focuses on helping you improve your budgeting and financial skills.
Brian Tracy – Brian Tracy is a leader in the motivational speaker field. His website has a vast amount of straightforward articles to help you achieve your goals.
Dave Ramsey’s Rants – When you need a good laugh and a reality slap at the same time.
(2019 Updated Edition) Complete Guide To Finance Blogs And Websites In Singapore – A list by Dollars and Sense, for readers seeking more Singapore-centric financial advice.
That’s my small collection of personal finance resources I enjoy. I’ll add to this list as my home library expands.
Best wishes on your financial knowledge journey, and stay tuned to hear more about Barr’s book!