My Top 3 Favorite Books on Money
Being better with money and finances seems to be on everybody’s to-do list. Mastering wealth comes with a more comfortable life not just for ourselves but the people that we care about.
My motto is ABL - Always Be Learning. Some of my first mentors were books. I am forever grateful to the authors that have been kind enough to share their secrets to financial success.
After reading hundreds of books in the area of finance, here are my top 3 favorite books on the subject of financial success.
"A man’s way of doing things is the direct result of the way he thinks about things."
The Science of Getting Rich has been called the “landmark guide to wealth creation.” It inspired the bestselling book and movie by Rhonda Byrnes, The Secret. The Science of Getting Rich focuses on an ethical approach in its formula to getting rich.
In 17 concise chapters, Wallace Wattles illustrates the power of thought and willpower in the quest to becoming wealthy. It emphasizes creative thinking over competitive thinking as one of the keys to becoming wealthy. Wattles’ philosophy is that if you believe unconditionally that you will achieve your desires, the Universe that placed those desires within you will connect with you ultimately leading to the fulfillment of your goals.
The One Page Financial Plan: A Simple Way To Be Smart About Your Money by Carl Richards
“My goal in writing this book is to pull the curtain back a bit: to show you how real financial planning works, to give you an experiment of what it’s like to work with a real financial advisor. Whether you’re working with an advisor or your own, this book will help you understand the basic steps for a personalized plan that takes into account your unique values and goals.”
Carl Richards, a professional financial planner, simplifies financial planning in his book. It’s an excellent read for anyone who finds the subject intimidating. This is your entry level book to personal finance. It discusses difficult topics in a casual and easy to digest manner. This book will challenge you to figure out what you really want and will tell you how to stay on track to reach your financial goals. The One Page Financial Plan is a compilation of Carl’s professional experiences as well the thousands of conversations that he’s had with colleagues and clients. He’s developed his own strategies as well as learned the best ideas and techniques from other advisors.
A Random Walk Down Wall Street by Burton Gordon Malkiel
“It is not hard to make money in the market. What is hard to avoid is the alluring temptation to throw your money away on short, get-rich-quick speculative binges. It is an obvious lesson, but one frequently ignored.”
This book was first published in 1973 but the author constantly re-writes and updates it to keep up with the current state of the market. As of 2015, there have been 11 editions and over 1.5 million copies sold. This is an excellent introductory read about the stock market. Malkiel is a gifted writer who manages to discuss history, theory, and give out practical advice in an engaging manner.
I highly suggest you start reading one of these ASAP and fill your mind with some positive knowledge about money. If you want even more and the fast track check out my Wealth Mastery Membership where we move through the 12 Wealth Principles to your ultimate financial success. Go here to check it out now.