The summer holidays are the best time to make good on all the New Year's resolutions you've ever made to get "better at" money and investing.
Nearly three out of five Australians (58 per cent) fail to stick to their resolutions. The two main resolutions we make every year as a nation being related to fitness and money.
![The excellent John Oliver, British comedian and host of the US Last Week Tonight Show, takes a satirical view of news, ...](/web/20170105092858im_/http://www.smh.com.au/content/dam/images/g/p/t/a/9/f/image.related.articleLeadwide.620x349.gtdqrq.png/1483584991031.jpg)
We all know the problem with resolutions is they're started with enthusiastic intentions but life gets in the way, interest dwindles and all we're left with is the occasional pang of guilt.
So how can you keep the promise to yourself to learn about money?
Smart saving and investing is all about good habits. The mistake people make is they let boredom set in before they've had the chance to get excited and form (necessary) good habits.
If the magic formula is forming a habit and boredom avoidance what are the ingredients? First off, you don't need to bury your head in a textbook to learn about investing. Modern entertainment technology brings global experts and information to where you are – the beach, your daily stroll, the gym or the backyard with the dogs and the kids running around.
I strongly believe gaining a working knowledge about investing and money doesn't have to be boring.
Here are my recommendations on how to entertain yourself smarter and what to watch, listen to and read in your summer downtime to get you started on being a better investor in 2017.
1. Watch a funny video
Warm up with this video of the excellent John Oliver, British comedian and host of the US Last Week Tonight Show, that takes a satirical view of news, politics and current events.
What you'll learn: How the funds management and financial advice industry really works.
Where to watch: At home, Oliver is quite funny, chuckling to yourself in public may win you some odd looks.
Your time invested: 21 minutes.
2. Relax with a movie
Google Play and chill with The Big Short. Plenty of books and documentaries tried to capture the global financial crisis but none are more entertaining than The Big Short.
What you'll learn: Just because everyone believes something is a "fact", doesn't mean it is so. When it comes to investing be cautious about majority held views – they often mark turning points. Don't chase returns in "hot" markets. Incentives drive all human behaviour.
Where to watch: At home or on a flight.
Your time invested: less than two hours.
3. Watch a more serious video
Follow it up with this video by Ray Dalio, one of the world's best-regarded fund managers whose accurate analysis of the financial crisis prevented his clients from losing money.
What you'll learn: Excellent 101 in how the economy really works, he's also a great study in a real New Jersey accent.
Where to watch: This is early morning coffee territory.
Your time invested: 30 minutes, longer if you want to take notes.
4. Listen to a podcast
Up the ante and listen to this Masters In Business Podcast with Burton Malkiel, economics professor at Princeton University, author of A Random Walk Down Wall Street.
What you'll learn: How exchange-traded funds (ETFs) work from the guy who helped create them and a great analogy of how stock picking is like a monkey throwing darts at a newspapers financial pages.
Where to listen: A long walk or cooking in the kitchen
Your time invested: 1 hour, 38 minutes.
5. Be inspired
Inspire yourself with How to Build the Future from the clever minds at Y Combinator (YC), the people who first invested in Airbnb. YC's chief executive Sam Altman (an innovation cult in himself) interviews the globe's most relevant business leaders shaping the world we live in.
What you'll learn: Not strictly about investing but it's worth letting a little bit of genius rub off on you from Elon Musk, the creator of PayPal, Tesla and SpaceX (he's the guy who wants to set up on Mars). Hear from Jess Livingston, a YC co-founder, on what makes a great entrepreneur. A must for anyone interested in the future of business.
Where to watch: Bus or the train.
Your time invested: Roughly 30 minutes for each video.
6. Read a book
And a bonus book for the readers:
Read this to make you a better investor. Thinking Fast and Slow, Daniel Kahneman's book has been described as a tour-de-force.
What you'll learn: A must read for anyone interested in human behaviour, subconscious biases and how that impacts the decisions we make. It's very relevant to investing, which is largely driven by human emotion. It can teach you to become more aware of the choices we make.
Chris Brycki is founder and CEO of Stockspot, an Australian automated investment adviser.