FINANCIAL FREEDOM BOOKS YOU MUST READ
6 FINANCIAL FREEDOM BOOKS TO READ
The Millionaire Next Door by Thomas J. Stanley
Through research into U.S. households with a net worth of $1 million or more, authors Thomas J. Stanley and William D. Danko identifies most individuals as Under Accumulators of Wealth (UAW) who have a low net wealth compared to their income. They then provide advice (like take skimpy vacations) to help people achieve a higher net worth compared to their income.
Best Quote:
" People whom we define as being wealthy get much more pleasure from owning substantial amounts of appreciable assets than from displaying a high-consumption lifestyle."
“Whatever your income, always live below your means.”
Rich Dad, Poor Dad by Robert T. Kiyosaki
An eighth-grade dropout who spends less than he earns is smarter than a college professor who can't make ends meet, according to Robert Kiyosaki. Furthermore, while working for a steady paycheck can get you started, your best investment of your time and money is to buy property or a business. Or better yet, do what Kiyosaki himself did and write a best selling book.Best quote:
1. "The key to financial freedom and great wealth is a person's ability or skill to convert earned income into passive income and/or portfolio income."
2. “In the real world, the smartest people are people who make mistakes and learn. In school, the smartest people don’t make mistakes.”
3. “Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.”
Think and Grow Rich by Napoleon Hill
Way back in the 1930s, author Napoleon Hill interviewed a series of millionaires and philanthropists, starting with the steel magnate Andrew Carnegie. The result was a perennially best-selling work of self-development that encourages the notion that "greed is good"--as long as you're willing to share your wealth.
Best quote:
"If you truly desire money so keenly that your desire is an obsession, you will have no difficulty in convincing yourself that you will acquire it. The object is to want money, and to be so determined to have it that you convince yourself that you will have it."
- “You are the master of your destiny. ...
- “When defeat comes, accept it as a signal that your plans are not sound, rebuild those plans, and set sail once more toward your coveted goal.”
The Total Money Makeover by Dave Ramsey
Anyone who's listened to Dave Ramsey's radio show knows that he's all about common sense: avoid buying on credit, pay cash for everything possible, get yourself out of debt and build an emergency fund. Rather than airy-fairy promises and feel-good anecdotes, he offers solid basic advice for the every man and every woman.
Best quote: "What I have done is packaged the time-honored information into a process that is doable and has inspired millions to act on it."
“Change is painful. Few people have the courage to seek out change. Most people won’t change until the pain of where they are exceeds the pain of change.”
“For your own good, for the good of your family and your future, grow a backbone. When something is wrong, stand up and say it is wrong, and don't back down.”
The Essays of Warren Buffett by Lawrence A. Cunningham
Lawrence Cunningham masterfully pulls out gems from Warren Buffett's annual letters to shareholders. This book is a condensed compilation of some of the most interesting parts of Buffett's letters. Would strongly recommend to anyone interested in investing, business, corporate governance and finance!
“What counts for most people in investing is not how much they
know, but rather how realistically they define what they don't know.”
“Common sense is the heart of investing and business management.”
The Intelligent Investor by Benjamin Graham
This is one of the best book ever written on value investing! The purpose of this book is not like that an individual is going to rule the stock market ,but yes by reading this book you never gonna make a mistake while investing in stocks or mutual funds
The intelligent investor is a realist who sells to optimists and buys from pessimists.”
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