1. The Greatest Man Who Ever Lived in Babylon is George S. Clason
The book was published in 1926 and, as should be the case, was the main textbook of each budget.
For the most part, I'm not on the anecdotes. Be that as it may, this is an unusual book. It was the only anecdote I read that made the message of the book even more appealing.
The bottom line: Rich people are rich as they set aside their money, do not pay their creditors, and spend their money foolishly.
Clason has decided to save 10% of your salary (I hope you should save an incomplete amount). He calls saving "pay for yourself first." That is an important point.
He only plans to pay for himself. Don't waste your money on things you don't really care about. When you do that, you are paying for others, not you.
Everyone should think seriously about the most admirable man in Babylon - the best first.
2. Your Money Or Your Life by Vicki Robin and Joe Dominguez
What I really enjoyed about this book is that it encourages you to change your relationship with cash. This will completely change you.
Cash is something you exchange with your life force. Think of it all. He works to bring in money.
However, you invest your energy to work. That is why Robin and Dominguez spend the first part of the book reminds us that much is not.
Too much money is too bad if you need to risk your success. It has never been better. Just ask the family of the vendors who finished everything during the crash.
If you need to continue living a healthy and rich life, you have to spend money. Instead of making more progress, improve your financial performance.
Keep it. Also, please do not use it for things you do not care about. Your Money or Your Life starts deliberately and gets more burdens towards the end.
One thing I'm afraid I have to disagree with is quick deletion. I would prefer not to resign instead of living on the beach. This is because my instructors, who are past retirement, are actually working and very happy. I try to do the same.
In any case, I need more and more to name enough that I should not "work" if I do not want to use it. That's one thing Robin and Dominguez are adding to the stock market.
3. Clever Financial supporter Benjamin Graham (reviewed by Jason Zweig)
I bought my first shares when I was 20 years old. The money market was doing the odd thing at the time, and I thought it would be nice to invest in ING, an important Dutch bank.
The beauty is undoubted; I have to point out that this was in 2007, just before the financial crisis. I deposited € 1500 at ING and € 500 at AEGON, a Dutch service administrator.
It was about half of the money I had saved at the time - a truck full of undergraduate student money. Also, a few months after the fact, when Lehman Siblings collapsed, my stock portfolio was worth two or three hundred euros in total.
Man, I was so angry. I can't express how angry I was. However, in retrospect, I understand that losing money is part of giving.
Plus, luckily, I didn’t sell and delay until the stocks recovered. That took eight years, though.
I have chosen not to reserve resources for each stock. In addition, the Wise Financial backer is probably the main book that helped in agreeing to put resources into the stocks that I was not intended for.
If you see that you may choose not to include resources in each stock, you do not need to read this book. However, in case you want money, I highly recommend it. The editing of Jason Zweig, a WSJ reporter, is also excellent.
P.S. I have kept parts about the stock test because I will not use it.
4. A Book of Good Judgment by Jack Bogle
The explanation I stopped putting resources in each stock is Jack Bogle. This man is a real legend.
He built Vanguard and made records. He is not at all like everyone else in finance; he does not deserve billions. Why? He does things for people with money.
Vanguard is one of a kind organization. Why? One financial institution with a similar interest. When you put resources into their assets, they succeed, and you win.
However, every company, investor, a professional, or financial advisor has different interests. Mostly, theirs. And, of course, this is the opposite view. There are many non-discriminatory financial guidelines.
In any case, why not give them your money if you can put your money away from someone else? Instead of buying individual stocks, Jack Bogle has shown that buying all stocks in a particular record, industry, bulk, or even country has greatly improved.
History has shown us that the order exceeds most of the shared assets. Also, listing costs are low because they do not have expensive supervisors or workplaces.
5. Unusual Road to Down Money by Burton G. Malkiel
Malkiel is a finance lecturer at Princeton. Typically, finance teachers are the last people to accept financial incentives because they are separated from the real thing (read Dog in Nassim Nicholas Taleb's battle for more ideas on that idea).
However, Malkiel is different. Arbitrary Stroll Down Money Road sinks elsewhere with various engagement processes but remains pragmatic consistently.
One of my friends, who is a wealthy financial supporter, gave me this book. And, after doing some research on the web, I found that it was probably the most highly recommended book on investor contributions.
6. An Easy Way to Get Rich by JL Collins
If you want to read only one book on this list - choose this one. The proposed plan in this book comes close to my financial plan.
Collins is an active man. And The Simple Path to Wealth is the most useful book I've ever read about personal finances.
You recommend saving 50% of your income. And that's what I believe too. The more you save at the beginning of your career, the better.
His strategy is straightforward. If you are still building the economy and working, Collins says you should do two things:
Save enough to have “F-You money.” Have enough money in the bank to give you the freedom to do whatever you want for a long time (it's up to you to decide how much you need, depending on your monthly expenses).
Enter 100% of the money you want to invest (this is the money you save more than your F-You money in the Vanguard Total Stock Market Index Fund (VTSAX).
Is it dangerous? Yes. Most are looking up? Hell yes.
If you plan to retire within ten years, invest 80% in VTSAX, 15% in VBTLX (index), and 5% in cash. That's what Collins recommends. Sure, it's his opinion. And he is not a fortune-teller.
The point of all these books is to teach them enough so that you can make the best decision about your situation.
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