Five best money books of 2011

[hegemony]

http://www.reuters.com/article/2011/12/12/us-usa-investing-books-idUSTRE7BB13020111212

 

I've read #2 and #5 and enjoyed them both.

[Meltz]

Awesome, perfect timing as I was just looking for a book to read to help build and manage investments, money, etc. which one would be good for someone in their early twentys? If none of those, any others anyone would like to recommend?

[hegemony]

Awesome, perfect timing as I was just looking for a book to read to help build and manage investments, money, etc. which one would be good for someone in their early twentys? If none of those, any others anyone would like to recommend?

well Lewis' book is a great read.

 

I also recommend:

 

The Millionaire Next Door (Thomas J. Stanley & William D. Danko)

 

Why Smart People Make Big Money Mistakes (G. Belsky & T. Gilovich)

 

Against the Gods: The Remarkable Story of Risk (Peter Bernstein)

 

The Zulu Principle (Jim Slater)

 

Manias, Panics, and Crashes: A History of Financial Crises (Charles Kindleberger)

[biznerdjm]

Rich Dad Poor Dad, Think and Grow RIch and The Millionaire Mindset are still my favorite.

[hegemony]

Kiyosaki is a snake oil salesman IMHO. He made up the two dads' life stories and makes his living selling books and expensive seminars not with real estate.

[rslifkin]

Rich Dad Poor Dad, Think and Grow RIch and The Millionaire Mindset are still my favorite.

 

 

Kiyosaki is a snake oil salesman IMHO. He made up the two dads' life stories and makes his living selling books and expensive seminars not with real estate.

 

I was just going to ask about the "Rich Dad, Poor Dad" book (its not a book series?) by Kiyosaki. I totally understand what hege is saying. I also find myself skeptical that the two "Dads" are anything more than figurative. Would this book be appropriate for someone about to turn 30 to devotee some reading time to? I do not have much money to move around and I pay many bills (old creditors and such, paying down debt, im doing well except for Financial Aid) and Id love to add a read. Even Kindle Fire. I think that would be great.. instead of just music. (To listen to the book on audio.)

 

That said, and relating some of my own experiences, I (would) think his book is better than any Trump seminar. Several times in my life i have thought of attending. I look at it it form afar. Big meeting hall. Speaker. (Donald Trump.) Each time, i ask myself: "What can really be presented, charging all this money to rent the hall to hear him speak." And I have heard audio of some of it.. its more like the bare basic fundamentals, but no real "meat." Just general strategies that sometimes work and sometimes do not, mostly sounding like "aggressive selling" to me. (And when I hear any sales thing that pitches aggressive selling to people that otherwise would not buy, I run the other way.) Not saying it is selling, but.. back to Kiyosaki. The seminars maybe are not very "useful," perhaps? Sort of like the individual with money that buys those Dean Graziosi "Millionaire Real Estate Secrets" book for $20 ($30?) that is more or less the basics to buy low sell high.. Almost like a Matthew Lesko book. Ive been down enough and have had to talk my Mom OUT of buying these "wealth systems" (which I have spent maybe a grand total of an hour looking at 4 of them to see if there is ANY chance, and when i read the fine print and differing statements of what it is, i again had to advise "no".. poor Mom. I know where she is coming from. But its taken me, being out there and scammed, to see it. Its like the commission-based job selling $3000 vacuum cleaners door to door.... I applied for that too. After the "interview" i was pset I wasted the time. Remained polite.. but she could see it, i was applying for actual WORK.. I wasnt the one.) So, even if Kiyosaki's characters are fictional, I am evaluating the worthiness of his book, the "Rich Dad Poor Dad."

 

If there is a better book or someone that will be 30 in 3 months (me, exit 20s, leaving them behind) that wants to maybe understand the stock market (beginners guide, for today's life/times, how to invest, what you can and cant do with stocks, etc) or simply how to accumulate wealth even on a limited budget.. I would love to read. Doesnt HAVE to be "Rich Dad Poor Dad" at all.

 

Is there a better book? Recommendations? Im reading the linked list now. Thank you!

[hegemony]

Rich Dad Poor Dad, Think and Grow RIch and The Millionaire Mindset are still my favorite.

 

 

Kiyosaki is a snake oil salesman IMHO. He made up the two dads' life stories and makes his living selling books and expensive seminars not with real estate.

 

I was just going to ask about the "Rich Dad, Poor Dad" book (its not a book series?) by Kiyosaki. I totally understand what hege is saying. I also find myself skeptical that the two "Dads" are anything more than figurative. Would this book be appropriate for someone about to turn 30 to devotee some reading time to? I do not have much money to move around and I pay many bills (old creditors and such, paying down debt, im doing well except for Financial Aid) and Id love to add a read. Even Kindle Fire. I think that would be great.. instead of just music. (To listen to the book on audio.)

 

That said, and relating some of my own experiences, I (would) think his book is better than any Trump seminar. Several times in my life i have thought of attending. I look at it it form afar. Big meeting hall. Speaker. (Donald Trump.) Each time, i ask myself: "What can really be presented, charging all this money to rent the hall to hear him speak." And I have heard audio of some of it.. its more like the bare basic fundamentals, but no real "meat." Just general strategies that sometimes work and sometimes do not, mostly sounding like "aggressive selling" to me. (And when I hear any sales thing that pitches aggressive selling to people that otherwise would not buy, I run the other way.) Not saying it is selling, but.. back to Kiyosaki. The seminars maybe are not very "useful," perhaps? Sort of like the individual with money that buys those Dean Graziosi "Millionaire Real Estate Secrets" book for $20 ($30?) that is more or less the basics to buy low sell high.. Almost like a Matthew Lesko book. Ive been down enough and have had to talk my Mom OUT of buying these "wealth systems" (which I have spent maybe a grand total of an hour looking at 4 of them to see if there is ANY chance, and when i read the fine print and differing statements of what it is, i again had to advise "no".. poor Mom. I know where she is coming from. But its taken me, being out there and scammed, to see it. Its like the commission-based job selling $3000 vacuum cleaners door to door.... I applied for that too. After the "interview" i was pset I wasted the time. Remained polite.. but she could see it, i was applying for actual WORK.. I wasnt the one.) So, even if Kiyosaki's characters are fictional, I am evaluating the worthiness of his book, the "Rich Dad Poor Dad."

 

If there is a better book or someone that will be 30 in 3 months (me, exit 20s, leaving them behind) that wants to maybe understand the stock market (beginners guide, for today's life/times, how to invest, what you can and cant do with stocks, etc) or simply how to accumulate wealth even on a limited budget.. I would love to read. Doesnt HAVE to be "Rich Dad Poor Dad" at all.

 

Is there a better book? Recommendations? Im reading the linked list now. Thank you!

 

I stand by the list I provided in post #3.