Did you know that the average CEO reads 4 -5 books a month? I'm afraid that the average American reads far less than that annually. Someone once asked me how would reading a book improve their financial situation.
Really? I still don't know how to respond to that. There are a TON of resources that could potentially help shift your mindset about how money works and your relationship with it. While not all books & education materials will speak to you, I hope that some of my suggestions will resonate enough to put you on a good path.
Okay, technically there are 12 items on our list here, but I couldn't just leave it at 10. If I left off one of your favorite books let me know! I'd love to read it & add it to our library. I have all of these books (and then some) in my office & will lend them out to anyone who asks. You can also find ALL of these books for free at your library.
Here's my list of all time favorite books:
50 things they didn't teach you in school by Tim Shiner. I like this book because every chapter is about 1 page long. It's great for ADD people like me.
Rich Dad Poor Dad - Kiyosaki
Cash flow quadrant - Kiyosaki
The Miracle Morning by Hal Elrod. This one isn't a finance book - but focuses on personal development book. Seriously one of the best reads I've ever come across.
Endurance - The incredible voyage of Ernest Shackleton. Again, not a finance book - but he's my all-time real life HERO. An unbelievable (but true) story about amazing men at the turn of the century. If Sir Shackleton & his men could to what they did - I can do hard things too.
Think and Grow Rich - Napoleon Hill
The millionaire next door - Thomas Stanley
Tax Free Wealth - Tom Wheelwright. A great read which could shift your thoughts about income & taxation. PS - it's an easy read.
The E-Myth - Michael Gerber
The Four Hour Work Week - Tim Ferris. Pursuit of life rather than money.
The 80/20 Principal - Richard Koch. https://en.wikipedia.org/wiki/Pareto_principle
12. While not a book, here's a link to one of my blogs where I discuss why your home isn't an asset: http://403b4me.com/your-house-isnt-an-asset-and-you-should-agree-with-me/
I think, in general, people's attitudes about money and wealth can be really screwed up. There are so many people that say money isn't important - yet they spend the MAJORITY of their lives in pursuit of it. To suggest money isn't important isn't accurate. Also, some people suggest that money is the root of all evil. While there are scriptural references to this - I think that money is a magnifier. Simply put - money magnifies the person that you already are. If you are a creep & self-centered - then money will simply magnify that. If you are generous & caring - money allows you to magnify that as well.
A quote from John Huntsman goes, “I can’t tell you why I give,” he says. “People have asked me that question for the last 20-30 years and I have never come up with a satisfactory answer, other than the fact that some people think you’re crazy. I love to see the twinkle in peoples’ eyes. It’s a high, a real feeling of excitement and exhilaration to be able to help people. It’s hard to explain why. It’s not something other members of my family have done; it’s not something that’s inherited. It’s just something that for me is very important.”Here's the article: https://www.forbes.com/sites/andrewcave/2014/06/23/giving-to-your-church-doesnt-count-jon-huntsman-snr-and-twitters-biz-stone-on-new-philanthropy/#70b1b9f83e11
I hope that you can take at least 20% of the suggestions I have here & that they will have an immediate & direct impact in your life.