May 2010
Beginner
248 pages
7h 31m
English
Content preview from Personal Investing: The Missing ManualBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 3. Invest with Open Eyes
What’s the biggest obstacle to reaching your financial goals? You. Because you’re human, you have hard-wired idiosyncrasies that push you to make mistakes with your money. This chapter explains those traps and helps you avoid them.
First, you’ll learn how to clean up your finances so you’re ready to invest. Debt has become more of an American habit than eating hotdogs, so you’ll learn which debt is good and which is loaded with nitrates. Then, you’ll find some quick fixes to investment choices you’ve already made. Next, you’ll learn how to control Americans’ second passion, overspending. Finally, this chapter identifies common psychological pitfalls that many people fall into when they invest and shows you how to avoid them—whether that means writing in an investment journal or simply turning off the TV. Consider it your “12-step program” to smart investing.
Clean Up Your Finances
How you borrow money is as important to financial success as how you save and invest it. Debt is good when you borrow money to achieve an important goal, like buying a house, going to college, starting a business, or buying a car to get to work. Borrowing to buy lots of goods you want but don’t truly have the money for isn’t good money management. And if you pay a high interest rate on that debt (like the rates credit cards typically charge), you’re on your way to financial ruin.
Borrowing for a Good Reason
Borrowing money to buy a house is usually a good reason to assume debt. ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.