I enjoy reading financial books, though, most people can't say the same. There are a plethora of financial books from which you can choose. However, here are four books I encourage my clients and friends to read if they want to build wealth.
The Millionaire Next Door by Thomas Stanley
Want to know how people become wealthy, this is your book. Get to know the key differences between PAWs and AUWs. If you want a slightly different take with additional information, try The NEXT Millionaire Next Door written by the late Thomas Stanley's daughter, Sarah S. Fallaw, PhD.
Turning income into wealth takes time, due-diligence, and living below your means.
Rich Dad, Poor Dad by Robert T. Kiyosaki
Along the same lines as Millionaire Next Door, Kiyosaki brings to light the basic wealth creating approaches to life with simple techniques. Kiyosaki loves streams of income and KWA does as well, especially when talking about real estate.
Diversification is not just for your investment portfolio, it also applies to your cash-flow sheet.
The Little Book of Common Sense Investing by Jack Bogle
The late Bogle writes about the details of investing where he explains how to invest and not be sold. This books describes the basis of all wealth building, which I can attest to after spending by formative years at Vanguard.
Costs, zero-sum-game, and costs...
A Random Walk Down Wall Street by Burton Malkiel
Malkiel and Bogle go hand and hand, as this book moves further into the details of investing in the markets. You begin to learn about the foundation insights of the efficient-market hypothesis and how beating the market becomes increasingly impossible.
Long term investing vs. short-term guessing.
K Wealth Advisors
Know of another great financial book or want to discuss any one of these, reach out to K Wealth Advisors. #KWA
Insightful Planning to Live Your Best Life. #IPtLYBL
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