Reading is Fundamental … and Necessary

One of my earliest SavvyRecommendations was the book, The Millionaire Next Door. I noted then that it was one of the first books I read when I started on my own road to financial freedom. In the book, the authors Thomas J. Stanley and William D. Danko summarize findings from their research into the key characteristics that explain how individuals became wealthy, defined as those with a net worth of at least $1 million.

Years later I distinctly still remember the impression the book left on me; how motivated I was after reading how anyone can become wealthy, provided they are disciplined in their approach and determined to persist in their efforts. One of the easiest  and most dynamic ways to improve your financial literacy is to read. Simply read more. There are limitless sources of finance related websites, blogs, and books, such as those highlighted in the infographic.

“The things I want to know are in books; my best friend is the man who’ll get me a book I ain’t read.”

– Abraham Lincoln

12.-7-page-tuners-new

IMAGE PROVIDED COURTESY OF PERSONALINCOME.ORG

Blogger-in-Chief here at RetirementSavvy and author of Sin City Greed, Cream City Hustle and RENDEZVOUS WITH RETIREMENT: A Guide to Getting Fiscally Fit.

8 Comments

  1. Not heard of any of these but I’m especially intrigued by The Confidence Game. I’ve just finished The Magic of Thinking Big and before that, like many others, enjoyed Rich Dad, Poor Dad.

    Next on my list will be either Your Money Or Your Life or The Millionaire Next Door.

    Will bookmark this page too though 🙂

    Ellie

    • If you do happen to read any of these, let me know as I would love to get your thoughts.Thanks for taking the time to stop by and share your thoughts, my friend.

  2. I haven’t read any of those books on the Infographic but I have read Rich Dad, Poor Dad and The Millionaire Next Door. I’m so happy to have more time to read now (the things I want to read and not textbooks for my classes or the classes I was teaching!) I agree that Rich Dad, Poor Dad was the “awakening” for me too. I think I read it three times in a week.

    • I enjoyed both books and definitely took away information and practices that helped me on my personal finance journey. If you do happen to read any of these, let me know as I would love to get your thoughts.

      Take care and thanks for stopping by, my friend.

  3. As clichéd as it may sound, “Rich Dad, Poor Dad” was fundamental to my financial ‘awakening’. It sowed the seed that working hard all my life and reaching retirement age with very little in the way of financial assets wasn’t a smart move.

    • Yep, I also enjoyed Rich Dad, Poor Dad as it contained some good information and lessons. Love the lessons contained within the ‘Cash Flow Quadrant.’

      Cash Flow Quadrant - Rich Dad, Poor Dad

      Unfortunately, the follow on books, Rich Dad, Poor Dad [insert subtitle here] were clearly an attempt to capitalize on the success of the first without being substantial in their own right.

  4. We heard Maria Konnikova on James Altucher’s podcast. That’s fascinating stuff! I’ll add all of these to my list. Thanks, James! You’re always curious and always learning. It’s a great way to stay young.

    • I may have to check out The Confidence Game. It sounds pretty interesting. It’s absolutely essential to always be learning; and reading is a great way to do that.

      Thanks for stopping by, my friend.

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