Simple Path To Wealth
Your road map to financial independence and a rich, free life –
The number one book I have gifted to family and friends. JL Collins lays out the basics of low-cost index investing and all the advantages that come with it. The same as the title, the book is simple and straightforward. Even someone with no background in finance will understand the basic concepts and underlying reasoning.
Why Didn’t They Teach Me This in School?
99 Personal Money Management Principles to Live By – Cary Siegel
Cary Siegel wrote a small, concise book on how to manage your money. He wrote this book after realizing that the all important topic of personal finance (aka how to manage your money) is not taught at high school, college and even MBA programs. Most books on personal finance are complicated. Cary Siegel’s book is a quick read with a lot of actionable advice. This is the number 2 book I would recommend on personal finance.
The 4-Hour Workweek
Escape 9-5, Live Anywhere, and Join the New Rich– Tim Ferriss
This book is full of many life principles which I think perfectly correlates to the FIRE movement. In short “The 4-hour workweek” is all about setting up a system or infrastructure which allows you to perform at your best. Meaning, you should achieve the same results of a normal 40-hour workweek in just 4 hours. He does give actionable advice, however the main benefit I got out of it was the concept of automating behaviors to be at your best and most productive. I am also a huge fan of his book: The 4-Hour Body.
Rich Dad Poor Dad
What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! – Robert T. Kiyosaki
The book that originally got me interested in personal finance. Robert T. Kiyosaki explains the different ways his own dad (the poor dad) and his best friend’s dad (the rich dad) look at money. Personally, I was stunned by the message of “have money work for you”, instead of “you work for money”. Through this book I learnt that money is just a medium which you can use to create a positive and happy life, rather than something that pushes you down.