Book summary: Bogleheads guide to investing

While the聽book聽is overall a good one,聽unfortunately, it contains a lot of generic financial advice which I decided not to include in the summary. Choose a sound financial lifestyle Borrowers聽borrow money from the future in the form of credit loans till the lifestyle collapses, consumers consume money paycheck to paycheck,聽keepers focus on accumulating wealth over time. The focus on聽net worth mentality over paycheck mentality actively works in聽keepers聽favor.

Finance 101: Credit Cards

Since I wrote the initial set of posts, quite a few people have asked me about good credit cards. So, I decided to write one about the same.

Finance 101: A basic plan

(Since my previous posts, quite a few people asked me a basic plan which can be followed, here it is) The items are ordered from first thing to be done to the last thing which can be done (assuming money is still left). Emergency savings Put 6 months worth of expenses in a Series I-Bonds (sold by treasurydirect.gov) - they try to match inflation rates (but nothing more than that) and can be sold after holding them for at least a year....

Finance 101: References

Books One up on Wall Street聽by Peter Lynch - a good book on stock picking A random walk down the wall street聽by Burton Malkiel - a good book on why not to pick stocks The only investment guide you will ever need聽by Andrew Tobias - a hilarious summary of investing/saving and many other random money related topics The retirement miracle聽- For people who believe in indexed universal life insurance plans (I don鈥檛) Where are customer鈥檚 yachts聽- hilarious read on wall street trader who profit on the expense of customers (won鈥檛 help in investing though)....

Personal Finance: Thoughts on peer to peer lending

A year back I decided to try peer to peer(P2P) lending (out of curiosity) will a small sum of money. My net conclusion is that peer to peer lending is not a sensible form of investing. My money is still stuck (and that鈥檚 not the only reason why I would recommend people to stay away from it). How it works A lender with say 1000$ will go to a site like lendingclub....