If you’ve recently gotten serious about investing and financial wellness, here’s how to get started.
STEP 1: Read the book ‘Grownups Are Just Kids With Money’
I sympathize with you if you aren’t a reader. ‘Grownups Are Just Kids With Money’ is one of the most comprehensive books in the market. There’s a reason why it has such great reviews on Amazon and Goodreads. It helps you get a ten year head start on your financial knowledge, for the price of a pizza meal.
STEP 2: Read the book a second time.
You will be amazed at how much the book manages to teach you. From a pure learning perspective however, the human brain can only remember 20% of what is read. Which means that for a subject and a life skill as critical as this, it’s best to read it again. This time, keep a highlighter and a pen handy. Highlight generously, scribble voraciously.
STEP 3: Subscribe to this blog
Besides what’s already in the current edition of the book, the blog helps you get the latest content without having to wait for an updated edition of the book. The language used, is just as simple as that used in the book.
STEP 4: Take your first steps using the book’s How-To Section
The book’s ‘Step-by-step’ recipes section gives clear directions on taking the first steps; whether it’s buying your first mutual fund, set up an SIP, or to pick up an insurance.