Money impacts every aspect of our lives, yet we're taught nothing about personal finance in school
THREAD: The 10 people that influenced my personal finance philosophy the most (and the key lesson that I learned from each):
1: Dave Ramsey - @DaveRamsey
Key Lesson:
Debt is dumb. Treat it as an emergency, get intense, and pay it all off (he likes the snowball method)
2: David Chilton - @wealthy_barber
Key Lesson:
One dollar saved is TWO dollars earned
3: Pete Adeney - @mrmoneymustache
Key Lesson:
Your time to reach financial independence depends on only one factor: your savings rate as a percentage of your take-home pay
4: Napoleon Hill
Key Lesson:
Thoughts are powerful. Your mind is the one thing that can stop you in your tracks or propel you to financial success.
5: Paula Pant - @AffordAnything
Key lesson:
You can afford anything but not everything. Every financial choice that you make is a tradeoff against something else.
6: Ramit Sethi - @ramit
Key Lesson:
Spend lavishly on things that you love. Cut ruthlessly on the things you don’t..
7: Robert Kiyosaki - @theRealKiyosaki
Key Lesson:
The rich don’t work for money. Money works for them
8: Suze Orman
Key Lesson:
People first. Then money. Then things
9: Thomas Stanley
Key Lesson:
People who look rich may not actually be rich. Income does not equal wealth.
10: Vicki Robins
Key Lesson:
The true price of anything is the amount of life you sold to buy it
This is just a sample of the key money lessons that I’ve learned from each of them
While I don’t agree with everything that each of them says, consuming their content together is akin to getting a University level degree in personal finance
I keep a spreadsheet with links to all of the best books, blogs, podcasts, YouTube channels, (and more) that I find
It includes content from all 10 of the thinkers mentioned in this thread
You can get a free copy of it here:
brianferoldi.gumroad.com/l/ZrgMl
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I regularly post about money, personal finance, and investing
Summary:
The 10 people that influenced my personal finance philosophy the most:
1: Dave Ramsey
2: David Chilton
3: Mr. Money Mustache
4: Napoleon Hill
5: Paula Pant
6: Ramit Sethi
7: Robert Kiyosaki
8: Suze Orman
9: Thomas Stanley
10: Vicki Robins
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