Monday, 14 November 2011
David Bach on How To Get Rich
While some of the information in this video relates specifially to Canadians, much of the advice can be utilised by anyone anywhere and is well worth listening to.
One of the areas in which the education system fails, here in Britain anyway, is in finance. Even if a schoolchild seems likely to spend their working lives in low-paid jobs they still need to know how to handle money, and it would be helpful for them to also know how to improve their lot in life.
Besides, who can accurately judge how well a child might do in later life? Many self-made successful business people were told that their innability to score highly in school tests meant they were "less gifted", whereas many university graduates become employed in jobs which bare no relation to their qualifications and are not well paid either.
I mention schoolchildren because it's never too soon - or too late, even if you're well into middle-age - to start building up your finances.
Therefore, a person has to educate themselves about how finance really works. One book which demystifies the process of investment is Joel Greenblatt's The Little Book That Still Beats the Market. If you're one of the many people who feel stocks and shares sound scary and too risky - just as I did before I read it! - then this easy-to-read, goggle-de-goop-free book is a worthy investment in itself.