Tuesday, January 20, 2009

Book List

Here is a list of the books we have discussed being useful to our members.

Basic Personal Finance
These books offer a wide view, discussing many aspects of money. They offer advice about saving, investing, and getting out of debt. They don’t go into much detail about any one subject, but they provide motivation to get started. And that’s what’s most important.

The Millionaire Next Door by Stanley and Danko
Your Money or Your Life by Dominguez and Robin
The Total Money Makeover by Dave Ramsey
The Wealthy Barber by David Chilton
The Richest Man in Babylon by George Clason

Frugality

Saving money is a key skill to develop if you hope to get rich. (Read The Millionaire Next Door if you don’t believe me.) Here are four books that can help you learn to cut corners, to save money in ways that may not have occurred to you.

How to Live Well Without Owning a Car by Chris Balish
Miserly Moms by Jonni McCoy
The Joy of Simple Living by Jeff Davidson
Wealth on Minimal Wage by James Steamer
Another highly-regarded book on frugality is
The Complete Tightwad Gazette by Amy Dacyczyn.

Investing
This set of books deals specifically with investing. The four books I keep at hand are user-friendly. They’re not technical, but offer a good introduction to the topic.

The Automatic Millioinaire by David Bach
The Only Investment Guide You’ll Ever Need by Andrew Tobias (Wonderful. Wonderful. Wonderful)
The Bogleheads’ Guide to Investing by Larimore, Lindauer, and LeBoeuf
Yes, You Can…Achieve Financial Independence by James Stowers Two other classics on investing are
The Intelligent Investor by Benjamin Graham and
A Random Walk Down Wall Street by Burton Malkiel.

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