If you are new to the personal finance world and you want to take control of your finances, a fantastic and rather cheap way to get started is to read books about personal finance and money.
Most personal finance books are written in simple language and do not require an advanced Ph.D. in econometrics. The most influential personal finance books I have read and heard about are accessible to anyone. And with a couple of friends, we came up with this list of 10 accessible books we warmly recommend for any Personal Finance newbies. … More 10 Life-Changing Personal Finance Books For Beginners
Dear friends, I have just finished reading the book Rich Dad, Poor Dad by Robert T. Kiyosaki. As I was telling some acquaintances I was going to start a Personal Finance blog, I was advised to read the book. The title “Rich Dad, Poor Dad” did not sound entirely foreign to my ear, and in fact, … More Book review : “Rich Dad, Poor Dad”
Friends, Back in 2006, when I was a last year´s student at uni (Msc in Business Engineering) and my classmates and I were getting closer to the diploma ceremony, some fellow student sent us the story of the Mexican Fisherman and the Banker. By that time many of us (including myself) had already secured our first jobs … More The Parable of the Mexican Fisherman and the Banker
You have heard of interest rates in the news (your national bank is lowering the interest rate), in advertisements for credit services , overheard colleagues speaking about their mortgage interest rates,… But what is an interest rate? Where does it come from and how does it affect your daily finances? An interest rate is the cost of … More Interest Rate 101