In early 2007, after having finished graduate school and having stopped the hemorrhaging of my money via tuition, I became very interested in personal finance and investments. Part of this was due to the fact that I had started working at an investment advisory company (though not in a financial capacity), and lived and breathed finance all day.
Unfortunately, I knew next to nothing about either personal finance or investing. My dad had brought me up with a very strong respect for money in general, and I learned a lot about saving and avoiding frivolous spending and debt while growing up. So I had a good foundation, but I knew next to nothing about the details of personal finance in your 20′s. Investing was even worse: As mentioned in my introduction posts (part one, part two), I assumed that your two options for investing were either letting a money manager handle everything, or being a finance major.
It was starting my new job that piqued my interest in both subjects though, and made me realize that I could take control of my finances and investing by just taking the time and effort to learn the subject myself. Yet as I started my research, I realized two things: First, I was forgetting a lot of what I had read just a week before, mostly due to the overload of information I was discovering. Secondly, I found very little in terms of a “Beginner’s Guide to Investing” that wasn’t either dry or hard to understand.
That’s why I started The Money Mythos. Not only would it help me keep track of all the various questions (and answers) I found in my research and personal experiences, but I thought others might find it useful as well.