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Thread: I want to learn but don't know where to start

  1. #1
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    Default I want to learn but don't know where to start

    never mind
    Last edited by Elusive21; 03-04-2009 at 08:59 AM.

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    Banned Melonie's Avatar
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    Default Re: I want to learn but don't know where to start

    you might consider Suze Orman's '9 Steps to Financial Freedom', followed by 'Putting Those 9 Steps to Work'

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    Default Re: I want to learn but don't know where to start

    I like David Bach's Smart Women Finish Rich as a starter book.

    Feature costumes for sale!

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    Banned Katrine's Avatar
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    Default Re: I want to learn but don't know where to start

    Millionaire Next Door

    "Have you ever been to American wedding? Where is the vodka, where's marinated herring?" - GB
    "And do the cats give a shit? No, they do not. Why? Because they're cats."-from The Onion

    Quote Originally Posted by Mia M
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    madmaxine
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    Default Re: I want to learn but don't know where to start

    This is a really easy trick- learning how to "forget" about savings accounts. In a nutshell, sock away money & forget it's there. You can't touch it if you don't "think" you have it.

    & Cultivate friendships with older men who already have experience dealing with finance. It would surprise you how much they can help you.

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    God/dess Deogol's Avatar
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    Default Re: I want to learn but don't know where to start

    Quote Originally Posted by Katrine View Post
    Millionaire Next Door
    A great book!

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    God/dess anomar's Avatar
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    Default Re: I want to learn but don't know where to start

    I also recommend 'Get a Financial Life'. 'The Millionaire Next Door' is one of the best books out there, too!

    Other than get rich slowly (which I linked a little lower down on this post) I like Wise Bread a lot.

    It's cool that you have books on investing, but that should be like step five for you. Investments are great when you are already more financially set up, because if you need the money then it is a bitch to get it out of your investments.

    First you should have health insurance. If you don't, then it is the most likely thing that will really get you in to debt. Even a simple medical procedure will cost you thousands of dollars. And it's scary to think about not wanting to go to the hospital because you have no insurance and are scared of the bills. ehealthinsurance.com is a good place to start. A lot of people have had years of their earnings just go to injuries sustained in the past.

    It is a very good idea to write down all of the money you need to live every month. Rent, food, cell phone bill, health insurance, etc. That way you just have a general idea of where you are financially and how much extra money you tend to have per month.

    Then after that you should have money saved, preferably in a high yield savings account. ING direct is the most commonly referred to one. Here is a good post.

    You should have enough money saved here so that if you get injured, burnt out on stripping and need to take a break, your cat explodes (meowboom), etc, you are able to deal with it. Right now, I am living off of my savings and not stripping while I wait to get a full time office job. Wooo!

    ^Basically, the first part is feeling like you know where you stand with your money and that you don't have anxiety about getting in to debt. Then you can start thinking about investing money, too!

    Good luck!

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    Thumbs up Re: I want to learn but don't know where to start

    Quote Originally Posted by Melonie View Post
    you might consider Suze Orman's '9 Steps to Financial Freedom', followed by 'Putting Those 9 Steps to Work'
    Quote Originally Posted by scarlett_vancouver View Post
    I like David Bach's Smart Women Finish Rich as a starter book.

    Great books!


    I also recommend Suze Orman's The Laws of Money, The Money Book for the Young, Fabulous & Broke, and Women & Money: Owning The Power to Control Your Destiny. I love Suze Orman.



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    Featured Member CuriousSeeker's Avatar
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    Default Re: I want to learn but don't know where to start

    What do you mean by a high yield savings account? If I get the basic savings account at my bank, how do I know if it is high yield?

    Thanks to everyone for making these book suggestions.
    "Don't piss off a motivated stripper."


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    Default Re: I want to learn but don't know where to start

    Quote Originally Posted by CuriousSeeker View Post
    What do you mean by a high yield savings account? If I get the basic savings account at my bank, how do I know if it is high yield?

    Thanks to everyone for making these book suggestions.
    I know my bank's savings is like .25%. ING is 4% I believe. It's relative. A lot of your average banks are pretty 'low yield'.

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