Start Early and Stay Consistent

Books

 

The Millionaire Next Door by William Stanley and William Danko

A stark correction to common misperception of the majority of America’s millionaires. A lesson in good financial habits for wealth preservation based on empirical data.

 

The Investor’s Manifesto by William Bernstein M.D.

Written by a neurologist who has become a household name amongst investor’s. Interspersed with financial history, the book lives up to its tongue-in-cheek  tagline “Preparing for Prosperity, Armageddon, and Everything in Between,” focusing on timeless, long-term investment approaches while tuning out the noise. A great introduction to high-yield investment concepts for novice investors.

 

The Coffeehouse Investor by Bill Schultheis

Quick, entertaining, and easy read written in plain English that is part investing and part personal finance. Stresses and drives home the importance of index funds.

 

The White Coat Investor by James M Dahle MD

An easy to read and excellent overview of financial planning not only for physicians, but any high-income earners. Essentially a Boglehead guide for the high-income earner interspersed with specific advice for the physician in particular. The author also runs the popular and highly useful White Coat Investor blog.

 

Websites

 

The Oblivious Investor

Run by Mike Piper, licensed CPA and author of personal finance books. Great resource as primer for personal investing, emphasizing diversification, minimizing costs, and ignoring the day to day “financial noise.”

 

Bogleheads

Community centered around the investment principles of John Bogle, compromised of very active forum and Wiki page. In short,  emphasizes regular savings, diversification, and tax efficiency while using low-cost vehicles for targeted asset classes.

 

GetRichSlowly

A blog with multiple staff writers devoted to sensible personal finance and going from “debt to financial security, investing advice and guidance, frugal tips, book reviews, and news on personal finance tools that could help readers with their quest for financial independence.”

 

Articles

Islamic Mutual Funds: Assessing Performance

Managing Shariah-Compliant Portfolios: The Challenges, the Process, and the Opportunities

Shariah-complaint funds: A whole new world of investement

HSBC Introduction to Islamic Investing

 

Multimedia

Fundamentals of Personal Financial Planning from the University of California at Irvine 

Better Money Habits – Khan Academy’s Personal Finance Class