I remember, back in the 80’s — when I was struggling to understand money — I started an Investment Club.
Every month a group of about 12 friends got together, usually at my house. Someone brought treats, and we’d spend an hour or so discussing stocks… along with girl talk, gossip and romantic updates. It was a great way to put the Fun into finances while doing some serious learning. I really did learn a lot.
However, as I also learned, Investment Clubs can be complicated, time-consuming, and sometimes, contentious. They require co-mingling money, reaching a consensus on stock picking, and a serious time commitment, especially for the officers.
I’ve come to see there’s another— arguably better— way to combine socializing and studying. Financial Book Clubs. What makes them better? These clubs are less work and focus on far more than just investing.
I wrote an earlier blog on this topic… http://barbarastannyblog.com/page/7/ But I just got an email that brought it to mind again. (Emails make such great fodder for blogs!) I was inspired… and I thought you would be too.
In my next post I’ll tell you about; “One woman’s tale of Overcoming Underearning by joining a Financial Book Club”… stay tuned!
Barbara Stanny
The leading authority on women & money
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