Financial Must-Reads
episode
DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing
17 min
2 speakers
3 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
How do the hosts introduce the episode and set the tone with winter life habits?
Hey, this is Daniel. Thanks for listening to DIY Money. If you haven't already, be sure to give us a five-star review on iTunes so your friends know that they can learn from the show. Now, enjoy the show.
Welcome back, ladies and gentlemen. You're listening to another edition of DIY Money. DIY Money. What's shaking, Logan?
It is so cold outside. Yes, it is. And I can't deflect, so I have to keep going on this. But it is freezing outside, and I have to find inside hobbies whenever it's the wintertime and I have to find stuff to do outside. I have been working out at my 5 a.m. club and doing that in the morning. But what do you do in the wintertime when it's just absolutely miserable outside and you can't do all the outside fun stuff? I still go run. Well, yeah, you do. You're crazy. You run when it's like 20.
But I have a hot tub, and somewhere along a cold run, it pops into my brain. soon you will be in the hot tub and i love it and i'm one of those people like i mean i know people have a hot tub they get it they use it for a while and then never use it again that was a terrible does anyone in your family use it besides you not many nope on occasion a kid is in there and then i have to like disinfect it because they come in with like grime and grossness and stuff and i want the entire pool scrub sterilized and disinfected But I pride myself on pristine water. It's super clear. It's just wonderful. 104 temp. And I mean, this morning I sat in there after my run, put a hat on because, you know, my bald head is out and I got to put a snow cap on.
That's a nice little life hack. Put a hot cup of coffee. There's nothing better than that. It is amazing. So, yeah. Yes. It was blessed by an Eskimo medicine man.
Well, during the wintertime, I, nice lead in, like to read books. Yeah. So it's a Friday episode and we want to go down the book avenue.
Okay, we've been trying to do this for a while. Great opportunities. We're rolling into Christmas and this will, you know, listen, five days before Christmas. So maybe you need a last minute stocking stuffer and you're running out to the bookstore for that person in your life who's interested. I made an extensive list. Uh, We've been trying to do this episode for a while. We probably should have done it sooner, and it's probably my fault. But I made an extensive list, and I'm going to share what I think are some general investing slash money books and then some passive index sort of things, some fundamental investing, some trading, and then just a couple of fun books. So I'm going to go in no particular order.
Well, I'm going to try to go in some particular order. But from a general money perspective, my two— Hold on. Pause.
Tell me your reading habits. I read every day. So you read every day, but you read different things at different times of the day.
Yeah, I read nonfiction in the morning. I'm always reading some sort of nonfiction. So that would be most of these type books? Yeah, that's correct. Yeah, these would all be morning reads because I really get into these, and then I read total nonfiction at night, and then that puts me to sleep in like one chapter. So it takes me forever to read. I'm sorry, fiction. I read fiction at night. Uh, and I, and I love my books. You know, I have this, I have this funny thing on Facebook for my friends where it's like the official non-official book club that never meets. And I give recommendations and I've been doing that for years. But anyways, um, but I read every morning and then I read every night and I, whatever, that's what I do.
So, and I love nothing more when I'm on vacation to sit on a beach chair or a lounge chair and just read. All right. General books, my two favorites when it comes to just all around sort of finance and just how you handle yourself with money. Richest Man in Babylon. Okay. I've probably read it a hundred times. It's a small book. It's an easy read. very simple, and it really keeps things in perspective to really not chase the shiny things. I would say that's the most important thing is to not chase the shiny things.
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