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"The Millionaire Next Door". READ it, ABSORB it (3 or 4 reads should be enough), LIVE it.
I had a dog-eared copy that I would lend to others. One young lady at a place I worked for a time saw someone reading it and checked it out of the library. After reading it she said, "hey golfgod, I think this is you they're describing". I just smiled. It was easy for me to live that lifestyle, I was raised in it. Came out of a very middle class family and each of my siblings have net worths above the one million dollar range, two of us well above it.
Many of the employees at that company complained that they were unerpaid, and in a way they were. We didn't pay as much as some other companies but we were very generous is "family leave" time, letting people work from home if possible (obviously our warehouse folks couldn't do that) and generally being "easy" on our staff.
One of my staff once told me that, "it's easy for you, you're earning a lot more than me". That was true, I was earning in the high $50K range, she was earning about $30K, this was in the early-mid '90s. I pointed out to her that I was driving a 9 year old Chevy Celebrity (purchased used) and that she bought a NEW, king cab pick up truck EVERY THREE YEARS. So I was driving something that had cost me about $9K in '87 (when I was earning about $45K and she was buying a new truck that cost her ONE FULL YEAR'S PAY, and doing it every third year.
Dave Ramsey's books are good. Ray Lucia's advice is good too.
Reading it without practicing it does you no good however. And most people are NOT going to put it into practice! It's like diet books. Top seller, never followed.
In my experience, The Millionaire Next Door is the best finance book. This book is all about making profit and enjoy a lifestyle from that but never spend the principal. The writers have been successful to make the reader understand its theme. They quoted this “Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier, you are just living high. Wealth is what you accumulate, not what you spend.” A must read book that you don't want to miss.
My vote is for The Only Investment Guide You'll Ever Need by Andrew Tobias. It covers a broad range of investing and personal finance topics. You can get more detailed information from other books on a specific topic, but Tobias is the book to go to for your introduction to this information.
My ONLY personal finance book back in the day was "Wealth Without Risk" by Charles Givens. I got lots of good tips from that.
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