investment
I wondered if I had a very small shelf of books that can accommodate only 10 of these books, the books I choose. I had to think very hard because I love to read books and learned a lot about life and money through all of them. These 10 books are special because they have completely altered the way I see the money and life! I have been inspired to learn more about money and find financial freedom! These same books that will help them achieve their financial dreams!
These are habits cash rich ‘top 10 best personal finance books ever!
# 1. Think and Grow Rich by Napoleon Hill
Think and Grow Rich is one of the first books I’ve read about the money. The book’s main message is that you “think” about money before its real. This is a direct translation of the phrase “what your mind can conceive, your body can achieve.” When you really think about money and you have this “burning desire” to be real, the entire universe conspires to create the means to take you.
Money is first, just an idea. Not real. The money you have when you buy a grocery bag is as real as “mutual” agreement you have with others that the document you’re holding is something worthy of equal value that you are buying.
# 2. Rich Dad, Poor Dad by Robert T. Kiyosaki 
As mentioned in my personal financial history, this is one of the books that made me realize we really need to develop habits rich money to achieve financial freedom. The book is a growth story to learn about money from two different fathers: one rich and one poor. The story is developed to describe the different money habits and Rich Dad, Poor Dad each producing a different economic result.
# 3. Your Money or Your Life by Joe Dominguez and Vicki Robin
I bought this book on a whim. I was actually looking for the book “Outliers” by Malcolm Gladwell, when I saw this book in a 20% discount.
The book is about managing not only your money, but looking at it completely differently. Your money is only part of what his life is. There is also time. There is also your dream! What do you like more? How money is spent? What to do with your time? I still do what they do, even if you have all the money in the world?
The book emphasizes the management of the resources you have, like money and time. It offers very specific advice and monitoring their expenses and if each is to contribute to its objectives or not. It also has some ideas on how to identify exactly what you love to do and manage so much money and time for you to do more than you love to do and less of what you do not like to do. It even has some graphics to help you plot photo and where and when his day off will be.
I think the main message of the book is not to choose money over your life or vice versa – is to have both.
# 4. The Millionaire Next Door by Thomas J. Stanley Ph.D. and William D. Danko Ph.D.
The book is based on extensive research on the money habits of millionaires. The results are surprising in the sense that most millionaires are not commonly expected to be. As is well described in the book,
“These people are not millionaires they do not look like millionaires, who do not dress like millionaires, they do not eat like millionaires, do not act like millionaires -. They do not even have millionaire names Where are the millionaires who look like millionaires? ”
Many of the “next” first-generation millionaires. That did not inherit their wealth, who built them. Some of them spend more than $ 100 for a clock. Others do not even wear a suit to work! They engage in the types of businesses that could be classified as dull normal. Some are contractors welding. Some are rice farmers. Some are pest controllers. Others are traders in stamps and coins.
What separate the “next” millionaires of others is their money habits. They are frugal in nature. The value of money. To invest at least 20% of their income. They even have a “go-to-hell fund” that can provide for their expenses of at least 10 years without working at all.
I think the most important lesson of the book is that we know that millionaires are real, but the idea that it could be you! If they can do it, so can you! It’s time to build your own rich habit money and be the “millionaire next door!”
# 5. The Richest Man in Babylon by George S. Clason
I found the richest man in Babylon reading Rich Dad, Poor Dad by Robert Kiyosaki. We talk about the ancient secrets of money. The book coined the phrase “pay yourself first.” In layman’s terms, means – SAVINGS. But more than that. The book says that in any business you are, you still can “pay yourself first.” Once you have “money” in savings, you may have to “money” work for you.
But how can save money when your little one is still not enough to survive? How can you set aside 10% of their income while living at 110% of it? How do you “pay yourself first” when the creditors are coming from you?
Paying yourself first is not easy. It takes great discipline. That’s one reason why it is not popular. But once the habit of money-rich to control your money instead of being in control of yourself, your confidence grows, you will think that if you can do this, then you can do anything. And as with everything related to money, everything it touches. Your health improves. To succeed in what you do. People will wonder why it is always full of confidence. You become the richest man in every sense of the word.
Is not it better to enter a store knowing that you can buy whatever you want because you have money (saved)? Do not give them peace of mind knowing that if an emergency, you can easily rely on your “emergency fund” saved? It would be nice to help your family or loved ones, “economically” for a change? That’s the dream. And it starts with paying yourself first.
# 6. Rule # 1 by Phil Town
I took this book on a whim when I was in a bookstore in Malaysia. The book explains the investment in a very simple and understandable. It is in no way intimidating. After reading this book made me realize that I did not have to be afraid of investing. Only I have to learn to do well.
Rule # 1 is “Do not lose money.”
If the market is rising or falling, not lose money. If it is a bear market or a recession, not lose money. If you have billions or only a couple hundred dollars in investment, do not lose money.
The book examines some of the fundamental myths about investing and provides simple strategies for successful investing while spending just 15 minutes a week. We talk about the five main numbers that really count to determine the value of a stock or business. Even mentioned valuable online tools and benefits of managing their own investments to achieve their investment objectives.
I know there may be other investment books out there, but so far, this is the only one I found that made me understand the investment world a little better.
# 7. The 4 hours work week by Timothy Ferriss
The book speaks of the “new rich”, a group of people who have the time, money and mobility to spend only 4 hours a week to generate money and live the life they want. The remaining time was spent on things they love to do like dancing in Buenos Aires, Panama diving or sunbathing in Hawaii.
Who would not want to spend only 4 hours of your time working instead of the usual 40 hours a week? Who would not want to have the luxury of time to do the things you really love? Who would not want to take a very long vacation on the beaches of Hawaii while your business is run and the money keeps coming?
For employees, it offers practical advice on how to negotiate with your boss for an agreement to work at home. It also offers ideas on how to plan your own “mini” retirement so that the money is still coming, not around it. Even explains how to “outsource” your life!
The 4-hour workweek is easy to read. The ideas are presented in a simple and uncomplicated that you think you’re reading a comic book. The book is conversational and fun. Reading it is like talking to the author to tackle the face. You might even be found occasionally laughing at his jokes. (I know I have):)
# 8. Secrets of the Millionaire Mind by T. Harv Eker
The great thing about the book is that it makes you understand what the money habits that have developed since the day you were born. It reveals the subconscious thoughts that are preventing you from achieving financial success. Some of the pictures of internal dialogue with oneself can be.
“I’m not good enough. I’ll never be financially at all.”
Or you could say
“I am poor because my parents are poor … and my grandfather and my great-grandfather poor … poor … so there will always be poor …”
You may not say it aloud. It may only be thinking about it. Worse, you may not even be aware of it. And you wonder why you will not get anywhere. As T. Rightly Harv Eker
“… If” financial model “of your subconscious is not ‘set’ for success, there is nothing to learn, knows nothing and nothing to do will make a big difference.”
# 9. Multiple Streams of Income by Robert G. Allen
This is one of the books I bought when I was in the U.S.. Since I love reading personal finance books, I asked a lot of them online. I was able to get cheaper because I saw the “uses” section of books. Surprisingly, most of them are in relatively good condition and look almost new!
The book was my first experience with having multiple revenue streams. For someone who worked as spent most of his life, I could only get from a source of income – my job! I realized that only one revenue stream is not a very good idea because there is only one way money can come to me – through my paycheck!
Having multiple streams of income is not necessarily having a second job or even a third! Multiple streams of income for building systems that money can flow through your life. In other words, invest your time and money to learn how to build such systems.
One way would be through real estate investment where you get a “stream” of income for the monthly rent from tenants. Another “common” may derive income from the portfolio as “dividends” or “interests” of their investments in stocks or bonds. And another “stream” may be the royalties it receives from the publication of a book or a music recording, if you’re a singer. Have plenty of “ordinary” where money can come to you is certainly better than relying on just their “job” to make money. The challenge is how to use what you have as time, skills and money to install these sources of income.
# 10. 8 secrets of the truly rich by Bo Sanchez
This is special because it is written by a preacher – and a famous preacher Filipino it! Bo Sanchez is a best-selling author of inspirational books in the Philippines. This is his first book that talks openly about money, business and investment.
What I like about this book is that it addresses one of the biggest obstacles in making money – that is, how to reconcile the money and religion. Living in the only predominantly Catholic country in Asia is very important for me to align what I believe in either religion or money. Otherwise, I’m confused and end up going nowhere.
The book is full of stories about the daily habits of money you are rich or poor. It describes the most common perceptions we have about money. We were taught that money is the root of all evil. When we see our favorite TV shows, rich people are often portrayed as greedy. Just got rich through “drugs” or some other means is “illegal.” Because of these stereotypes, some of us unconsciously do not want to be rich! Who wants to be “bad” in our own soap opera called life? 
As a result, the conflicts within us. Some of our internal dialogue
“I want to be rich …. But it is so rich that my friends hate me and I have friends I did not” err … Who wants to be alone:?)
Or the most common
“I want to be rich … and I am so desperate for me the only way to get rich is to win a million dollars through the lottery.”
The great tragedy is never realize you do not have to be a criminal or greedy, or become hostile, or win a lottery ticket to be rich – you only need to develop habits rich money!
The book makes the very complex world of money and business appears simple. It’s so simple ideas can explain to a child only with incomplete drawings. The drawings illustrate how the cash flows from pocket to the bank when you pay your bills, and how that flows from your company when you receive your pay check.
What you do with the money after you receive determines whether you become rich or poor. Do you use the money to buy assets such as real estate investment or business setting? Or do you use it to buy liabilities such as a new TV LCD 12-easy-monthly-payments-with-no interest!
The reason I liked the book because it inspired me to become better and to see business and money in a totally different way. It expanded my understanding of how money really works! Above all, he gave me the confidence to dream again!
The book does not say “Work hard and get rich.” Hard work means different things to different people. For an employee who does not like what he is doing and only gets paid very little, everything is “working hard”. For someone who loves what he does, “working hard” is not in their vocabulary.
As Henry Ford,
“Thinking is the hardest work there, which is probably why so few engage in it.”