top Boooks, and financial advice ??

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SkipStaa

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Aug 4, 2007
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Hey all,

Just got done reading Rich Dad Poor Dad.. great read was wondering what are some other books you guys would suggest. I need to really read up on some financial stuff to better understand how to spend and save money in a health manner. I do pretty well but i spend money as it comes in and don't save i need to break this habit desperately.
 


The best book I read was the Richest Man in Babylon. It was written about 100 years ago, but still none of these Rich Dad types can hold a candle to it.
 
Understand what money is, and how the economic system functions. Understand fundamentals.

I advise Peter Schiff's "Crash Proof".
 
Although I agree that Rich Dad Poor Dad was an engaging read, just be aware that it's filled with bullshit.

Rich Dad, Poor Dad - Wikipedia, the free encyclopedia

I also find Robery Kiyosaki similar to John Chow, for whom I may have respect for his accomplishments but can't stand listening to. Rather than interrupting your sulking by reading piles of motivational books (a.k.a. bullshit), you're far better off reading books built around factual, concrete, and practical information. I have no specific suggestions, but I'm sure you can find some good ones by going to the local Barnes and Noble and browsing the economics, finance, stock trading, and maybe even web marketing sections.
 
chatmasta said:
Although I agree that Rich Dad Poor Dad was an engaging read, just be aware that it's filled with bullshit.

Rich Dad, Poor Dad - Wikipedia, the free encyclopedia

I also find Robery Kiyosaki similar to John Chow, for whom I may have respect for his accomplishments but can't stand listening to. Rather than interrupting your sulking by reading piles of motivational books (a.k.a. bullshit), you're far better off reading books built around factual, concrete, and practical information. I have no specific suggestions, but I'm sure you can find some good ones by going to the local Barnes and Noble and browsing the economics, finance, stock trading, and maybe even web marketing sections.
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yea too many books is built on motivational hard work crap messages, can't really find a good book to read these days
 
The Intelligent Investor by Benjamin Graham. Not an easy nor a quick read but it's the book that Warren Buffet cites most frequently as the keystone of the investing approach that made him the richest man in the world.

The only person who ever got rich off of Rich Dad is Kiyosaki.
 
Just re-read OP and want to clarify.

Graham is for investing. Taking the money you have and making it grow by analyzing companies and investing in those that are undervalued.

For learning how to get out of debt and live within your means, I'll second RoyalRadande's recommendation of Dave Ramsey.

The two books are contrary to one another because Ramsey is against investing in individual companies so you'll have do some thinking of your own to synthesize both approaches.
 
sumjo said:
Read 7 habbits of highly effective people
and Art of War
both are Must Read
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7 habits is a good start other ones I have found good (although perhaps not 100% down your street) are things written by Naom Chomsky, Adam Smith Wealth of nations I am just starting, Alan Greenspan and actually a really good one called "art of contrary thinking" Humphrey B. Neill - quite specific to the stock exchange but all good fodder.
 
Best book I've read re saving money/ spending responsibly is Your Money or Your Life by Joe Dominguez & Vicki Robin. However, if you are in the affiliate marketing biz most of what they tell you in this book is absolutely wrong. They'll get you to baseline solvent by recommending that you save, save, save, never go into debt and spend frugally. You can't afford to be frugal in AM. So instead of trying to solve a problem by financial thrift- why not just focus your attention on making the necessary money to have the things you really want and doing without the extraneous?

I embarrassingly owe finding affiliate marketing to reading The 4-Hour Workweek. Though, on a reread, I recognize that the book as a lot of compilation of other guru stuff already out there and a smashing marketing campaign... in the moment, it inspired me to think outside of the cubicle- and begin thinking about what it was that I really wanted. Not money. Time. Experience. Travel. To start thinking in terms of owning businesses and delegating responsibility rather than working for businesses and stressing out about being the responsible party.

For that reason alone- if I had one book to recommend a noob or a new entrepreneur who wanted to build a life of their choosing, not blind money, I'd give them The 4-Hour Workweek.

My new favorite read in this vein is How to Get Rich by Malcolm Gladwell. Not quite through the whole thing but he's blunt and funny. Nothing sugarcoated. I appreciate this quality in the 'self help/ get rich' book genre.

And since I'm on the book topic, other memorable/ helpful books I've read since taking up AM:
- Ultimate Guide to Google AdWords (for a complete n00b this broke it down in a format that I could actually read to/ from work- but forums like this are still far better resources).
- Learning PHP & MySQL
- Building Powerful and Robust Websites with Drupal 6
- Landing Page Optimization: The Definitive Guide to Testing and Tuning for Conversions
- Don't Make Me Think!: A Common Sense Approach to Web Usability
- The Web Application Hacker's Handbook: Finding and Exploiting Security Flaws
- Hacking: The Art of Exploitation
- The Effective Executive (Drucker)
- The Neatest Little Guide to Stock Market Investing (Kelly)
- Confessions of a Real Estate Entrepreneur (Randel)

and, last but not least, Harrington on Hold' em. A girl's gotta have a back-up plan if this affiliate marketing stuff doesn't work out, right?
 
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