Starting Out: Smart Strategies For Your 20s & 30s, Investors Group
I stumbled upon Starting Out while doing a search in my local library database. It’s a great book full of easy-to-understand information and advice on how to handle your finances from a young age. The book was put together by Investors Group and I think everyone should read it, even if they are no longer in their 20s and 30s.
The book discusses the basics on everything from figuring out what kind of an investor you are to what an RRSP is and how it is best used. It provides key ideas that if followed would promote your financial success. It provides advice on managing debt, building a credit rating, how to choose appropriate bank accounts, and much more.
If you want to learn more about the different investment options available and how they work, you will find this book very informative. As well, it discusses the different types of risk associated with different investment types. Out of all the books I have read to date about investing, this book is by far the easiest to comprehend.
Although the book is fairly short (about 120 pages), it covers a lot of important material that would be helpful for anyone who isn’t already financially savvy. I highly recommend that you check to see if your local library has this book available. It is well worth the read as it will help you to achieve financial freedom if you are willing to follow the advice and strategies discussed.