We have curated some of our favorite resources. From tried-and-true classics to new up-and-comers, these resources have helped our clients get results.
This is a classic book that really demystifies the difference between being rich and being wealthy (net worth > $1 million). This book is part social science research and part how-to on suggestions on achieving real wealth. The best thing about the book is highlighting how much we get wrong about people with real wealth. They’re not flashy with expensive cars and oversized homes, the vast majority of millionaires are regular frugal people that buy used cars and keep them until the wheels fall off!
Building wealth is a much more of a mental and emotional endeavor than most people believe. It’s not just the dollars and cents. This book delves into the mindset and emotional intelligence necessary to build and keep wealth. While I don’t enjoy the language that makes people seem less than (e.g. lazy, unintelligent, less deserving) because they have fewer resources and rich people as smarter, better, more deserving, the core principles are sound.
Many people talk about mindset, but Dr. Carol Dweck did the actual research, field studies and wrote the seminal book on the topic. Our mindset transcends finances and delves into every area of our lives. Our behaviors, habits and actions are almost completely shaped by our beliefs in our own capabilities. Once you thoroughly understand how that works, you opportunities to learn and grow are limitless.
This is another classic and while I am not personally a fan of the author or many of his views, this book was foundational in understanding the difference in mentality between the middle class and wealthy. It’s written in an engaging narrative format to illustrate the difference in financial advice between his highly educated, but fiscally irresponsible father and his high school dropout, millionaire mentor.
I have personally recommended this book to several of my friends, family and clients who want a no nonsense, no jargon, start-from-scratch money course. His Southern, Conservative, Christian preacher, in-your-face style may not be for everyone, but it’s effective for many. Credit to him for making personal finance accessible to the masses and really taking head-on the single thing that prevents people from reaching their financial goals – debt.
While I am not a fan of the title and generally skeptical of anything that sounds like a ‘get rich quick scheme’ I think the author makes a strong case in this book about three extremely important principles in achieving wealth: Pay yourself first, automate your savings and the power of compound interest.