<prompt> Human: Hi all,My mom just turned 60, she received a sum of S200k 150k USD from her deceased brother recently. Half she placed in a FD 137; and the other half in a savings account. Not the smartest move. I found out today, and tried teaching her about inflation, stocks, investments, etc, but she literally has zero financial literacy. She also told me shes scared off investing because of a terrible investment because of a friend when she was in her late 20s.My mom worked for the last 25 years and practically raised 3 kids by herself dad was always absent. I do think shes smart, but she doesnt have formal education beyond 16yo. She will be retiring soon, so I was hoping to prepare a reading list for her so that she can learn some things. I did my degree in accounting so I have tomes of financial accounting books but I dont think those will work very well.What should she know? What would be some good readings?Nothing too complicated! 1. Rich Dad, Poor Dad I know, but just for understanding how money works2. How inflationmoney works3. Stocks, investment, etc  <response>: Your mother is 60 years of age. Therefore, she should not take many risks anymore. I therefore also disagree with the Rich dad, poor dad book. This is a book written by someone who does not realize that taking risks can also mean that you lose. The book ignores that possibility, and that is bad.Perhaps a 30 year old person can afford to take a risk every now and then. When a 30 year old person loses, they are young and strong enough to start from scratch and have a chance to rebuild.However, that is not your mother. She is older, she should aim to preserve this money and find a frugal way to use it for living expenses for the rest of her life. 