Top 5 Books for Prospering

Rich Dad, Poor Dad

1. This book by Robert Kiyosaki is a classic and frequently mentioned by many of the greats, myself included. This is a personal finance book that touches on the fundamentals of what it takes to become financially independent. Although not everyone wishes to quit the 9 to 5, this book guides you on how not to become reliant on a paycheck. This type of luxury grants you the option to break free or transition without the stress of how to make ends meet. He also discusses the top 3 ways wealth is acquired by either investing in real estate, starting your own business, or investing in stocks.

The Millionaire Next Door

2. This book right here, is definitely an eye-opener on how the top 5% of the population actually lives. Many aren’t aware that it’s the middle class who spend more on status items than the wealthy. The authors have done a great job of interviewing millionaires on the homes they buy, cars they drive, and ways they invest. They even go as far as saying a doctor earning $250,000 per year can have a lower net worth than someone who earns $50,000 because of their lavish lifestyles and tendencies to keep up with the Joneses.

The Richest Man in Babylon

3. You know a personal finance book is nothing short of amazing when it stands the test of time and that definitely applies to George Clason’s 1926 release. If you can get past the fact the book is written in old English than you can be sure to collect the gold found in its pages. This is the book I wish I would have read after graduating and before starting my career in New York City because this is when I thought I dripping sauce but it was just reckless spending. Clason teaches that the amount you earn isn’t as important as the amount you spend. You’ll see that many other books on finance draw from the principles found here.

The Wealthy Barber

4. This book is great for millennials since it’s centered around 3 characters in their mid to late 20’s living in completely different situations. What’s great about this book is its simplicity while still touching many topics necessary for this whole adulting thing. Topics range from insurance to wills and from retirement savings plans to buying a home. I particularly like this book for using your everyday barber to be the one to teach the concept of wealth accumulation, insinuating that you don’t need some big corporate job to do so.

The 4-Hour Workweek

5. Alright so this book doesn’t fall into your conventional personal finance book per say but with all this financial talk in the books above I thought I’d add something a little off the beaten path. The full title continues as “…Escape 9-5, Live Anywhere, and Join the New Rich.” Tim Ferriss is possibly one of if not the most interesting guy out there and he’s dope for sharing his tips and tricks that he’s learning along the way. The book focuses on how anyone can design the life they want to escape the workaholic lifestyle. His methods may seem unreal such as hiring virtual assistants who live in India but after reading his book you’ll hear more instances of successful people using very similar methods.

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Category: Recommendations
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