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My Top Three Recommended Books On Money

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I would like to take this week and use each 5and2Guy day as a day to recommend some great books on each category of life improvement.  Today I will share with you my three favorite books on money and tell you a little bit about them, why they are my favorite, and why you should give them a read.  There are many, many books I have enjoyed when it comes to money, but forcing myself to limit it to my top three will give you a great place to start with the most impactful ones in my life.  Let’s get started with my number one rated book…

#1 Rated:  Rich Dad Poor Dad

This is the book that changed my financial life and how I look at finances in general.  It is a book written by Robert Kiyosaki that talks about his two fathers.  One was his biological father, the other was a father of his best friend who helped guide Robert through life.  Robert compares his biological father, who got a job and always worked for someone else, to his non-biological father, who started businesses and worked for himself.  Robert talks about assets versus liabilities and told a great story around how money works.

After I read this book, I realized I had the money game all wrong.  It opened my eyes to how money should be used to grow more money, using assets, rather than wasting it on frivolous purchases that add no monetary value, known as liabilities.

I would recommend this book to everyone.  Whether you are in control of your finances or your finances are in control of you.  This book tells a great story, teaches some valuable lessons, and is the quintessential money/finance book that everyone MUST read.

If you want to read this book, you can pick it up via my affiliate link here:

#2 Rated:  Money: Master The Game

This is an excellent book by Tony Robbins that can help you identify the quality of life you desire, the dreams you want to realize, and the path to get you there.  Tony speaks about the Checklist for Success, debunks some financial myths, and provides some great information on stocks, bonds, and other investments.  When it comes to the specifics of money, the most valuable aspect I experienced in the book was the discussion about investments and diversification.

I think this is a great book for anyone who doesn’t know what they don’t know.  It is a great book to help you realize your dream and the steps you need to take to get there.  It is a very easy book to read as Tony writes as if he is simply talking to you.  He makes it personal and inspiring at the same time.

If you want to read this book, you can pick it up via my affiliate link here:

#3 Rated:  The Automatic Millionaire

Automation, automation, automation!!!  I love it and that is what this book is about.  Author David Bach does a great job helping people understand what it takes to become a millionaire and how automation can get you there.   He explains concepts like The Latte Factor, Paying Yourself First, and Emergency Funds.  Once you understand these concepts, and a few more, he explains how you should automate investments into different accounts in order to become a millionaire.

This is a great book to read once you understand the concept of finances and money management, a bit about the Stock Market, and the importance of Paying Yourself First.  Through learning how to automate your investments, you take the manual work out of saving and everything simply runs on auto-pilot.  The best part is that once you get use to these automatic investments, you don’t really miss having that money in your checking account to waste.  At the same time, you get to watch your portfolio and savings grow!!!

If you want to read this book, you can pick it up via my affiliate link here:

Conclusion

These are my top three books I would recommend if you want to make a significant change to your financial life.  Starting with Rich Dad Poor Dad can help you identify what you have done wrong and how to make things right.  Tony Robbins gives you a breadth of information to make you dangerous with Money: Master The Game.  Finally, David Bach takes all the manual work and thinking out of investing with The Automatic Millionaire.

There are some other great books that didn’t make my top three, but would have made my top five.  The other two I would recommend are I Will Teach You To Be Rich by Ramit Sethi and Rich Dad’s Increase Your Financial IQ by Robert Kiyosaki.  At the end of the day, this is about getting informed and having the information you need to make sound decisions.  All the books I mentioned here can make that happen.  Best of luck!!!

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