Financial Planning
Book Review: Robert Kiyosaki and Sharon Lechter, Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money — That the Poor and Middle Class Do Not!
Rich Dad, Poor Dad became a phenomenon based largely on its simple allegorical concept: that the author had two dads, one rich and one poor, who gave him conflicting advice about how to achieve success. The poor dad advised him to stay in school, study hard, get a good job, buy a house, and save…
Read MoreDavid Bach, The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich (2004)
David Bach has created a cottage industry out of conventional financial planning wisdom artfully packaged. The Automatic Millionaire is the core of that pursuit, a practical, simple, conventional guide to financial planning wrapped around the concept of “automaticity.” Essentially, Bach points out that you can become a millionaire by incorporating automatic deductions from your income…
Read MoreBook Review: Thomas J. Stanley and William D. Danko, The Millionaire Next Door
The Millionaire Next Door is an insightful study of millionaires in America and the characteristics they share in common. The book is based on a set of research surveys conducted by the authors combined with interviews and other research. The findings of the studies, and the book, are counter-intuitive insofar as they point out that…
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