I read finance books all the time. Actually, I don’t really read… I listen to books on CD that I check out from the public library. Because I go through so many of these I though I’d start keeping track via book reviews. So here is what I’ve got so far.
Books I’ve reviewed so far (click on the title for actual review and book details):
- Good to Great – Jim Collins, 2001
- The Elements of Investing – Burton G. Malkiel & Charles D. Ellis, 2009
- Stop acting Rich.. and Start Living like a real Millionaire – Thomas J. Stanley, 2009
- Automatic Wealth for Grads… and anyone else just starting out – Michael Masterson, 2006
- Automatic Wealth: Six Steps to Financial Independence – Michael Masterson, 2005
- Think and Grow Rich – Napoleon Hill, 1937
- The Richest Man in Babylon – George S. Clason, 1926
- The 4-Hour work Week – Timothy Ferris, 2007
- Rule #1 Investing – Phil Town, 2005
- Raising the Bar – Gary Erickson, 2004
- How Come that Idiot’s Rich and I’m Not – Robert Shemin, 2008
Other good financial reads
There are dozens of great books about personal finance, investing, financial literacy, etc. out there that I have not yet reviewed. Let me just mention a few of my favorites:
- The Five Lessons a Millionaire taught me about Life and Wealth – Richard Paul Evans
- The Only Investment Guide You’ll Ever Need by Andrew Tobias
- The Top Ten Distinctions between Millionaires and the Middle Class – Keith Cameron Scott
A note about my reviews
As you read through some of my reviews you might get the impression that I am not actually recommending any of them. That is not true, but I have read these books with a critical eye… I want to be able to recommend the books that will be most useful to you. Most of the authors write to a specific audience yet market the book to a much wider group–I want to save you the hastle of wasting time on books that were written for other people.
I love reading books about personal finance, real estate investing, stock picking, and web design. I’ve only read a few that I thought were a complete waste of time. Most, even those that I really disliked, have some value in them. If nothing else you can learn what not to do, or what to do when you are in a different stage in your life.
As I mentioned earlier, I don’t really read many books at all. I listen to books on tape. This has worked amazingly well for me and saved me a lot of time and money. Here’s what I do… I periodically do a search at my local library for books on CD on financial topics. If they have one I haven’t read, or one I haven’t read in a while, I put it on reserve and then check it out. I then rip the CDs onto my mp3 player (a $35 sandisk). I listen to the books on my morning jogs and when I ride the bus to and from school. This way I am able to listen to 10-20 hours or one entire book each week. It is great. I don’t just listen to financial books but my fair share of fiction and biographies as well.
One thing that I’ve recently started doing is taking notes on what I read and this is especially useful for personal finance books. I’ll always leave the last mile of my jog or last 10 minutes of my ride to turn of the mp3 player and think about what I’ve learned that session. Then, when I arrive home or at school, I jot down my notes, ideas, plans, etc. Sometime later that day I will type up those notes. This is extremely useful as it allows me to be a little more critical about what I am reading and come up with action steps for my own life. I recommending adopting a similar approach to your reading.
What I haven’t reviewed
There are a few kinds of books that I regularly read but haven’t gone through the trouble of reviewing on this site. I want to mention them because they can also lead to accumulating wealth, although they do it in a much less direct way.
1. Biographies. If you want to learn how to be like someone, read about them. It is amazing how much you can learn about wealth accumulation as well as how to run a business, invest in a business, and succeed in your occupation simply by reading about those who have done so well. I recommend reading about Bill Gates, Warren Buffet, Walt Disney, Andrew Carnegie, and any others who have been influential in your life.
2. Self-help or success books. If you learn how to be happy, or succeed in all aspects of your life, money has a way of finding you. These books also teach you how to be more productive or efficient with your time at work and at home, enabling you to climb the latter and make more money. Books I recommend include:
- How to Win Friends and Influence People – Dale Carnegie
- 7 Habits of Highly Effective People – Stephen Covey
- The Greatest Salesman series by Og Mandino