You have two choices: Master money or allow money to be your master
Money means different things to different people: security, dependency, control, freedom, pleasure, self-worth.
To me, money has always equaled freedom. Freedom from worry. Freedom from credit card debt. Freedom of choice. Freedom of self determination. If I forget to pack something for a trip, but have money, I’m good.
When you master money — earning, budgeting, saving, investing –you take a hand in your destiny.
When you don’t, you hand over control to debt, worry, desperation, unhappiness. Ben Franklin, who had a lot to say about industry and thrift, said it best, “If you know how to spend less than you get, you have the philosopher’s stone.”
Whether you buy them, borrow them, or piece them together from the Amazon “Look Inside” samples (Ben would be proud), I personally guarantee that reading these eight books will give you a complete mastery of money and investing.*
* How you do in the market is your own lookout!
A remarkable book on ordinary millionaires and how they got that way. I’ll give away the ending: thrift, saving and investing. Terrific read with surveys and stories of real millionaires. Hey, if you plan to be a millionaire, you should know how to respond to a survey!
I could tell you the secret of this book, but you wouldn’t listen. But I can tell you this, millions have benefited from this classic text. The act of reading this book creates an indelible impression.
A simple fable clarifies how money works. A financial planner lent me this book and it may be the simplest and most enjoyable read on investment that you will find.
People really like this book so I have included it. The dialog is a bit stilted; the advice is rock solid. If you know little about finances and especially if you like the Detroit Tigers, this book apparently can change your life.
This ancient book begins with an autobiographical story of a kid selling newspapers in a restaurant and being thrown out. As is the case with Think and Grow Rich, the message is remarkably simple; the lesson indelible.
None of these books or their lessons well have much positive effect if you don’t have your head screwed on straight. By that I mean understanding how your mind works. Consider it an owner’s manual for the human brain.
If you buy individual stocks or invest in mutual funds, this classic will give you the steely determination you need to profit from the insane gyrations of the stock market. Warren Buffett calls it “By far the best book on investing ever written.” If you don’t know who Warren Buffett is, read the preface. He wrote it.
Investing is serious business. Andrew Tobias makes it hilarious. Is this book the only investment guide you’ll ever need? You can join in the heated debate or recognize that some authors of excellent books on investment have a sense of humor.
Did I miss your favorite book on money and investment? Leave a comment. And be safe out there.