All Financial Wisdom
Personal Finance Book Recommendations Update
I updated my Recommendations tab, here on MyFinancialwisdom.com. I added a bunch of the most influential books I have read to date. If you haven’t read them, please take them for a spin and enjoy.
These are the ones I have added recently:
Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert T. Kiyosaki – This book motivated me to stop dreaming about my 9-5 job and get to business developing a passive income for the future. Robert pushes paying yourself first and then let pressures or fear of creditors push you to either cut other spending or find more income. He talks a lot about Cash flow and its importance.
Loopholes of Real Estate (Rich Dad’s Advisors) by Garrett Sutton Esq. – This book details how you can use LLC’s and S-Corporations for your asset protection. He also provides details like 1031 Exchanges, where you can “trade-up” your real estate tax free.
Start Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Rich Dad Advisors) by Garrett Sutton Esq. – Another book by Garrett Sutton in which he details how to go about asset protection. He details which form of corporation that provide the most benefit to you
HOLD: How to Find, Buy, and Rent Houses for Wealth by Steve Chader, Jennice Doty, Jim McKissack, and Linda McKissack – This book describes the process of buying rental property and the issues that might come up, such as creative real estate transactions, property managers, and tenant laws.
The Five Rules for Successful Stock Investing: Morningstar’s Guide to Building Wealth and Winning in the Market by Pat Dorsey – This is a short book providing very reasonable advice about investing for the future.
The Manual of Ideas: The Proven Framework for Finding the Best Value Investments by John Mihaljevic – John writes about different investing strategies and their strengths and weaknesses.