Recommend me good wealth building books

[Dr_Ngo]

Most important thing is to re-invest as much as you can into your own business first.

Better technology, more traffic sources, better employees, better equipment, etc.

After that I like investing in stuff that doesn't take my time or attention. For stocks I'm into index funds, I set it and forget it. For property you can look into REIT's (Real estate index funds) or buy property and rent it out. If you go into the rent it out option have a property manager that can take care of everything (fix plumbing, maintence, etc.)

Since we're all tech guys, you can look into stuff like buying websites or domain names to diversify yourself.

Don't forget to invest in yourself. Good food, personal trainer, some vacations here and there so you can maximize your own energy.

 

[matthewcaruana]

How to get rich by Dennis Felix is a great read, as it covers many different business concepts.

 

[dfkdfk]

I agree. Having said that, it still doesn't mean you need to spend hundreds of hours getting good at another form of investing. Outsource it, hire a broker.. toss money in a mutual fund, invest in your IRA.

There's a lot of ways to diversify your portfolio without having to spend a lot of time that could be used making $$$ at your business.

I think Falian has one of the better points here. A lot of it has to do with your age and level of risk aversion. I'd love to give you more specific advice, but if you change the facts you change the outcome.

What are your close friends doing? Those presumably in a similar situation to you (that you know personally, outside of a forum - the guys you get drinks with on Friday and speak with regularly)

 

[YouDontKnowMe]

Actually, I've been slowly stacking silver and gold (I've got several hundred ounces of silver and a couple dozen in gold now) for the past couple of years, and the prices (especially silver) have continued to soar... Silver Price History

Precious metals won't yield ridiculous returns, but are generally pretty safe "bets" and not very volatile. Unlike stocks, where companies can collapse in a matter of days or hours (think Enron or Bear Sterns), the price of gold or silver won't just drop 90% in a single day and make you go broke.

Just something y'all might want to consider if you want to diversify your investments.