Suggestion on improvement

Hi,

I'd basic knowledge of chess since my childhood but I never took chess seriously for various reasons. Never studied any book nor tutored by anyone. 

Anyway, thing is I have renewed my liking for the chess 3 months back at the age of 35. Now my online and live ( standard) ratings are near 1475 and continously improving. I do well in slow chess. My tactis rating ( with max. 3 problems a day) is around 1450 and I expect to cross 1550 mark this week.

Now since I am jobless after my MBA, I have decided to do some work on my chess skills.

Can you guys suggest my what book should I study as my first chess book?

Somebody has suggested me 'My System by Nimzowitsch' but I have not made my mind yet.

I think you should start watching youtube videos on chess. There are many.

Kingcrusher's videos are very popular..

Get a job.

Okay boss. 

'My System' is an excellent book, but fairly advanced. The same can be said for 'Pawn Power in Chess' by Kmoch. 'My 60 Memorable Games' by Fischer is a really good read.

As far as a study plan goes... study tactics, tactics, tactics, model mates, endgames, pawn structure and the typical middle-game plans associated with each pawn formation. Play a lot of slow games. Analyze your own games, especially the losses. Post some of them on the forum and ask stronger players to comment on them. Develop a thick skin so that harsh criticism doesn't offend you. Learn some very basic opening theory (development, central control, pawn weaknesses, initiative, etc) but don't bother memorizing specific opening lines until you have a good foundation in other aspects of the game... especially tactics and endgames.

^ what blueemu said

Also, kudos to you for actually wanting to read up on chess. I know so many people who say they've been playing chess for years and failed to make significant progress. But they never took the time to read any books.

Thanks blueemu.. this is useful.

see, at this stage you should concentrate mostly on tactics.. so i suggest winning chess tactics.. after studying it once or twice (you should read chess book more than once to gain from it) go for some strtegies (winning chess strategies or any other).. then study the amateur's mind and logical chess move by move... they are very good and i think every chess player should read them :D