When David went to war, I used Dave Ramsey's financial advice to pay off law school debts, etc. Now that my kids are going off to law school, is there someone (other than Ramsey) that you guys can recommend who has a practical financial book for personal finance? - ThreadSky

nancyfrench.bsky.social • 45 days ago

When David went to war, I used Dave Ramsey's financial advice to pay off law school debts, etc. Now that my kids are going off to law school, is there someone (other than Ramsey) that you guys can recommend who has a practical financial book for personal finance?

Comments

partyallday.bsky.social•45 days ago

A lot of Christians prefer
Howard Dayton’s “Your Money Map”. It’s pretty similar to Ramsey’s stuff.

https://a.co/d/aqdzaW2

partyallday.bsky.social•45 days ago

I guess it’s called Crown Financial Ministries now.

morevertmorefun.bsky.social•45 days ago

Not a book, but NerdWallet is a great resource for all things financial. They have tips on their socials, have a Smart Money podcast and a free app for managing money.

nancyfrench.bsky.social•45 days ago

THanks!

jaredhoutsma.bsky.social•45 days ago

Dave Ramsey did a great job focusing on debt, but his investing advice is less then stellar. I also have objections to how he has ran his business.
I guess my question is, who is this practical financial advice focused towards, your children that are just starting out?

nancyfrench.bsky.social•44 days ago

Kids just starting out without any baggage or debt

jaredhoutsma.bsky.social•44 days ago

Great job getting them through without debt, really let's them choose their own path rather than forcing into corporate law!

jaredhoutsma.bsky.social•44 days ago

Favorite beginner podcast - Money Guy Show - healthy/realistic steps navigating between healthy debt (which they may need a bit of) & creating wealth
Favorite beginner books - The Simple Path to Wealth (focus on simple investing) & The Millionaire Next Door (focus on simple life)

paulcoffeefreak.bsky.social•45 days ago

The debt snowball helped me, but ultimately his theory that "credit score='I love debt' score" hurt more than helped. When I wanted to buy a house, it took 2 years to rebuild my credit score to qualify for financing, during which time housing almost doubled in market price.

nancyfrench.bsky.social•44 days ago

Yes that's the thing, right?

beemoneycoaching.bsky.social•40 days ago

For a basic book, Tiffany Aliche aka The Budgetnista. Her book is Get Good with Money

bglenden.bsky.social•41 days ago

Ramit Sethi seems to give sensible advice, although maybe aimed at people a bit further along their journey. His POV is about using money as a tool to enable a rich life, and will tell people to spend more money now if they are on track to have too much later (although that’s not the usual issue).

bglenden.bsky.social•41 days ago

His latest YouTube is probably a good one to see if his philosophy aligns with your/their sensibilities. (He also has books, a podcast, and even a Netflix series).

https://youtu.be/NpKKAFkxZjU?si=mpUPCxVqZSEgYEPL

andrew.burd-harris.com•45 days ago

Abingdon Press has created a series of excelent resources. https://www.abingdonpress.com/saving-grace/

valentinazg.bsky.social•45 days ago

Following for recommendations because I can’t bring myself to listen to Ramsey’s advice anymore

jhartt.bsky.social•45 days ago

I always recommend the https://choosefifoundation.org fi101 course.

freddieoconnell.bsky.social•44 days ago

I’m a big fan of the @helaineolen.bsky.social and @haroldpollack.bsky.social approach.

https://www.penguinrandomhouse.com/books/317640/the-index-card-by-helaine-olen-and-harold-pollack/

haroldpollack.bsky.social•12 days ago

Thx!

nancyfrench.bsky.social•44 days ago

Yes I JUST got this and started reading it! And the authors offered to consult!!

sequentialkady.bsky.social•32 days ago

I came here to suggest this book. It's just so practical.

realbenisons.bsky.social•38 days ago

Yes

And can recommend another book by a U Chicago prof

Risk Uncertainty and Profit
By Frank Knight (OG of Chicago economics)

Very practical insofar as he makes distinction between calculable risk and real uncertainty, which might not occur to young people

robclaydon.bsky.social•45 days ago

I’d second nerdwallet.

If you are looking for a faith-based option (minus the Ramsey “baggage”), Crown Financial Ministries is a very good option (formed by the merger of Larry Burkett’s & Howard Dayton’s ministries). They have a variety of online & printed resources. https://crown.org/