“The Millionaire Next Door” provided a whole new perspective on what a typical millionaire might look like compared to how society defines them! Definitely in my Top 3 for Personal Finance books.
RICH DAD POOR DAD changed my life financially! Read it being totally broke and a few years later I’m Now I’m a successful real estate investor/business owner and am nearly financially free. When people ask how I did it and where to start I always point them to this book.
That is wonderful for you. Congratulations on your success. However, I found that the book Rich Dad Poor Dad is just a modern twist to the classic book 'Richest man in Babylon' which is available for free and is not a continuous series.
@@farshimelt nope, if you're working under someone else as their employee you will be making money to benefit them the most. You will be second to benefit always. You might make good money or earn raises, but you are always dependent on your employer.
If you buy things on credit and pay interest to the bank, you pay their marble floors. If you buy cash, your money is at work, making you rich. So keep working your job while you get out of debt and learn how to save.
wow that is great. you have so much time, a roth account can really favor you. but definitely keep learning and most importantly put some things in to action asap.
Rich dad poor dad 1:00 1:40 Cash Flow Quadrant 5:40 Four Hour Workweek 8:30 i will teach you to be rich 10:45 Think and grow rich 13:10 None of these books appear to be on her desk.
I shall look to see though perhaps you have also reviewed the books we can see on your desk (Buffett whom I admire, Robinson whom I am skeptical of) I can't read all their authors / titles from the screen shot here.
"Your Money Or Your Life" is my latest personal finance obsession. Unlike Rich Dad Poor Dad (I did it read in college as well), which focuses on growing your income to be above your expenses, Your Money Or Your Life invites you to take a closer look at your expenses and see if they really need to be as high as they are. It's about doing some guilt-free reflection on why you spend what you spend, and if all of that spending is really giving you joy. The basic idea is, if you spend money and it enriches your life in a truly satisfying way, that's money well spent, no matter how much or how little. But if you spend money and it doesn't really make you happy (like buying expensive things to impress other people who aren't paying attention), then it's money wasted. And through that lens, the amount of money you need to be happy is actually less than what you'd have thought. I think Your Money Or Your Life is a good book for someone who wants to be financially conscious but also prioritizes being a careful consumer of the earth's resources and values community.
And the best part is that all of those books are free here on RU-vid as an audiobooks. So if you for some reason can not invest into buying these books right now there is your solution. :) Thank you Rose for all the work you do! You're very inspiring!
The philosophy of the rich and the poor is this, the rich invest their money and spend what is left. The poor spend their money and invest what is left
Forex trading is one of the best investment I've ever made. Three months ago my husband and I had a huge fight about it I said just to give it a try for a few days - we made our first trade and right now we're on our way to financial freedom
@@bernardoiccone7237 Yes. Starting forex trading as a newbie is a lot like starting an avalanche. The first failure you might encounter is a pain in the butt, but if you get it from the right investment advisor or acct manager, then getting all of the subsequent successes is easy
@@nicoloflocco6876 At times forex trading is seen as a gambling, but that's not true. You have to do with what you have to get what you want.......what is your experience
@@bernardoiccone7237 I am trading on real account now after training on a demo account trading at first, I came in conclusion that real acct would benefit my training and experience far better. So I deposited $5200 in my first ever trading acct & after 2 months of struggling and blowing my acct( nearly lost 75% and I decided to join a pro advisory service) gradually, I started to actually gain little by little As I'm writing this I had recovered my first deposit plus a decent profit on top of that
*Books are great! I average about 18 to 20 books a year on investing, finance or personal development. Rich Dad is on a lot of people's list that changed their life.* 👍
RIch dad poor dad has a lot of filler. Robert even mentions that he's a bad writer but a good salesman. I would agree. He could have put all the valuable information together and it would have been 10 pages. Lots of extra stuff that isnt very important. I felt like he was a student trying to stretch out his essay into more words.
Great list by Rose I’d add one of my personal favorites being T Harv Eker’s The Millionaire Mind book that is a def must read no doubt! Most importantly though is to not get caught up in just reading and rereading these awesome books that Rose mentions along with the other great suggestions in the comments. Taking action every day and developing skill sets along with consistent improvements in particular areas along with those book recommendations will get you further faster. And although not a personal finance or investing book as a foundation I recommend How To Win Friends and Influence People.
I cannot express my gratitude enough for you detailed advice! I recognize “The Intelligent Investor” and “Atomic Habits” behind you! Those are my favorite. ❤️
YOU ARE AMAZING! You are original and highly intelligent! You are a woman that I look up to, and you don't waste your life posting makeup tutorials like other women on YT. You are helping me get out of the cycle of brokeness. THANK YOU!
The rich stay rich by making productive moves like investing but personally I recommend you do a background check up on your source before you invest,Ensure you are investing through a solid foundation source to avoid blowing money away
I have lost investing with rigid traders on here,I’m still trading and learning to improve my techniques,i just need a more solid means to earn other than you tube
In all my years of trading and research the most valuable insight was getting in touch with pro trader wilton and getting my first profit through her,she is a licensed broker con tact her i trust she’ll help you earn
Letting Ellen Handle my trades has been my best move trading so far,Her strategy is so flexible I don’t even trade i just invest and make good profits from the comfort of my home
Hi, I will be turning 65 on the 21st of this month. I have been (unfortunately an "E" type. Just woke up finally to investing. Very new at it. Love what videos I have so far seen of you. Any additional advice you could share for my situation would be appreciated. Thanks for all you do. R/S Curtis.
Hey! Whaaaat... This gotta be LOA. This just popped in my feed, and you're awesome, Rose! YES - Think and Grow Rich has profoundly impacted my life. I still read that book or refer to notes from it at least once a year. It is also the reason why I became a hypnotherapist. Recently they made a movie based on the book too.
Not long finished Rich Dad Poor Dad and it has me fired up! So good Books are such a blessing when you go into them with an open mind! Living your videos and fully intend to become financially independent... Keep doing what you are doing! So helpful! Much love!
The books that changed my life are: A Random Walk Down Wall Street, The Intelligent Investor, Market Wizards, and The Investment Answer. I still review them from time to time when I need to get back to basics.
The Elements of Investing by Burton G. Malkiel & Charles D. Ellis is another good book to have. I think your set of books is more grounded in reality than something like "Think and Grow Rich" written by a charlatan.
Some books of changes my life as a person and investor and you didn't mention: 1 - Stocks for the long run (Jeremy J. Siegel) 2 - The Black Swan (Nassim Nicholas Taleb) 3 - Outwitting the Devil (Napoleon Hill) 4 - The Snowball: Warren Buffett and the Business of Life (Alice Schroeder) 5 - The Richest Man in Babylon (George S. Clason)
Thank you so much. Your description of your parents mindset is an exact mirror image of my parents mindset. “Go to school! Go to college! Get a good education so you don’t have to work hard like I have!” And they don’t realize how hard that is and how much pressure they put on us because we don’t want to let them Down. Of course, we want them to be proud parents so they know all of their sacrifices were not done in vain. Eventually they will see how hard it truly may be for some. Either way I am grateful they pushed me and supported me and I wouldn’t change a thing. So I just want to say thank you for this wealth of information. I had been thinking about about my future lately regarding investments, but I had no idea where to start. My education background is in healthcare management and military training. Your video has given me an great wealth of information as to where I should start. Many blessings to you and your family. I am looking forward to watching your other videos and future ones as well. Muchísimas Gracias! Jesse
Jake Gascoigne that’s the book that changed my view on money and wealth. Before I read this book, I had no penny attached to my name yet I was in a job that paid me a decent salary. Well, today, it’s a different story. I wud highly recommend The Richest Man in Babylon amoungst many other great books
I just bought "I will teach you to be Rich" and I have read Dave Ramsey's "The Total Money Makeover" which I thought was very helpful for people to get out of debt.
I love this video, I’ve read a couple books on this list which makes me happy knowing I’m on the right path! I’m only 19 years old but I strive for success and Financial freedom !
The Richest Man In Babylon and Money, Master the Game alongside Rich Dad, Poor Dad set me on the path to Financial freedom. Great video, thanks for the upload.
My first ever financial book is "Become Your Own Finacial Advisor by Warren Ingram" Sooo easy to understand and covers all the basics when it comes to personal finance.
All the books you mentioned are fantastic, Rich dad poor dad was the one book that inspired me to want the best for myself financially. Now I own a stock trading portfolio which has been doing really great overtime.
No am not, am what you call a passive investor. I invest with a pro brokerage firm, where an expert trade analyst and strategist Eric Grinwis manages my trades.
awesome. Will pick up a copy of rich dad poor dad. I love that you don't have any course to SELL! I wish I had found you first. You are my new favorite financial youtuber.
Great suggestions. Here are some of my favorites to add: Simple Path to Wealth-JL Collins (must have) The Index Card -Pollack . Quit Like A Millionaire-Shen and Leung Set For Life -Scott Trench Retire Before Mom&Dad-Berger
Ok I will definitely check out think and grow rich! It’s on my list! I’ve been on my own financial journey a few years now, and above all else, I have to agree that MINDSET is so key! It does sound a little woo-woo... but it is truth!💪🏻👍🏻🔥🔥
Some food for thought books: The Intelligent Investor, Benjamin Graham One Up On Wall Street, Peter Lynch Learn to Earn, Peter Lynch The Millionaire Next Door Becoming Warren Buffet": "America 20/20" by Stansberry Res "Unshakeable" by Tony Robbins "Real Money" by Jim Cramer: "The Intelligent Investor” People need certain books at different times of their lives. Some valuable first steps are: 1. How to develop new habits. - Napoleon Hill Definiteness Of Purpose, "Unshakeable" by Tony Robbins. 2. Tax avoidance maximizing tax qualified sheltered accounts - Traditional IRA, 401K etc... 3. Forced savings and pay yourself fist mentality. Utilizing automatic withdrawals into your accounts. This maximizes dollar cost averaging minimizing risk. 4. Maximizing ETF's for focused investing while maximizing diversification. Vanguard ETF's have very low expense ratios. Take time following Napoleon Hill's plan of Definiteness Of Purpose and writing in detail your short and long term goals to achieve an Independent Financially Free life style. You have to weave the new habits/mind sets into the very fabric of your personalities. "Winners Form A Habit Of Doing The Things Failures Don't Like To Do" - Earl Nightingale. Write a Mission Statement, defining your end result and the steps you are going to take to archive it. A Financial Mission Statement will make things become very real to you. This is how you bring your creativity into reality. You must take Action Now. Continual second efforts, taking action immediately, using the scarcity mindset. Thank you for all your educational videos!!!
Great book choices! Reading about personal finance changed my life for sure. Reading these kind of books makes you wonder why this stuff isn’t taught in school 🤔
I'm currently living with my parents and I disturb them all day by telling what I read everyday . I think unknowingly it is a great way to remember what you read. And now I’m currently about 80% through "Playbook to Millions by Grant Cardone. I have read a lot of entrepreneurial books and self improvement books, and this book is my absolute favorite. This book is extraordinary and really gets you to work extremely hard toward your goals in life and succeed at multiple different areas like personal finance, business and career. This is an absolute must buy if you need a push to get you going in business or you want more out of life.
Another amazing video! I’ve been meaning to read rich dad poor dad for a while. Definitely going to read it now, along with every book on this list. I read “you are a badass at making money” last year and Suze Orman’s? “Women and money” was the first finance book I read that got me to finally open my Roth IRA. Your videos really making investing and personal finance feel accessible and understandable. Thanks again!
i read both of those as well! Suze Orman is the OG badass female of personal finance!i love her. that book is a bit outdated though... talking about savings accounts with like 8% interest rates lol. and Jen Sincero's books are hilarious ❤❤❤ i just realized my list of books are all written by men. maybe another video with book list of female authors is in order!
I'm on the Cashflow quadrant in the moment. My prior book was The magic lf thinking big by David Schwarz. That book changed the way I think about certain things like there no best point to start a business or you have to believe in yourself and your plans. The little book of common sense investing is also a book that I have on my to read list. Thanks for your book recommendations!
I'm excited to read these books, reading finance books will probably become my new Saturday afternoon activity! Thank you Rose for the recommendations.
I totally agree with you personal finance in general. It is woefully undertaught at all levels of our society. It should be a mandatory class to graduate from any high school. It's not rocket science but it's not knowledge you are born with either. I also agree with you about I Will Teach You To Be Rich. It is one of the best personal finance books I have read in years. Yes, it may be unconventional. But it all works. And his main points are 1) simplifying you life and 2) focusing on value NOT price. I have been a firm believer and practitioner of #2 for decades. I have finally started embracing #1 after years of resisting and being "old school". It was the single best decision I made in 2020. He is big on automating everything (for example paycheck direct deposits in, rent and retirement are taken directly out. It's hard to spend money if you never even see it.) However, I am going to disagree with on anything Kiyosaki. Yes, I know about his success. I simply don't understand it. I think he is completely overrated. He says that you should buy income performing assets if you want to become rich. This is NOT a genius revelation. How thinks that buying clothes or cars or anything else that depreciates and throws off NO income will make you rich? Anyone? These are LIFESTYLE decisions, not wealth creating decisions. And his contention that your house is a liability not an asset is flat out wrong. Take a look at the trend line for real estate over the last 30 years. It's UP. And there are numerous ways you can have your house throw off cash or convert it into cash. Not to mention that you have to live SOMEWHERE. Another book that I would add to your list are any of the early Ric Edelman books. He has kind of gotten off the rails lately. But his early works were the best personal finance books I have ever read. Start with "The Truth About Money". (I was not a fan of the Truth About Your Future.) For free real estate and personal finance videos: ru-vid.com/show-UCTMCWD7WNEt-Qf6UrdyFWBg
I couldn't agree more, I read rich dad poor dad in 2003 Totally changed my perspective. Wound up with 11 rental houses by 2005. Wound up loosing them in 2013 while trying to ride out the collapse. Back at it but this time sticking to REIT's and Stocks. Just found your site love your videos.
Knowledge is power.....my first powerful book held a discussion on credit, how to build your credit. I read the whole book 📕 over the weekend then I put the plan in action. It completely help shape the direction of my adult life decisions and I will forever be grateful!
My first book was Money: Master the Game, by Tony Robbins, it got me hooked into managing my finances and investing for my future, I read most of the books that you recommended as well, great video 👍
5 RichDad PoorDad, 4 Cash flow Quadrant 3 The 4 Hour Work Week, 2 I will teach you to be rich 1 Think and Grow Rich... This video was too long. I would also include Money Mysteries from the Master and the Science of Getting Rich
I have wanted for a long time to become proactive towards my financial future and my children's. I have read Rich Dad a few years ago and knew the importance of creating wealth. I still procrastinated. I was getting ready to get ready. That was my big problem. After watching a few of your videos, now a consistent viewer and sub, I opened up my Roth IRA and 529 funds for my two children. I had an old 401k that was not being funded and am now in the process of rolling it over to a traditional IRA. I couldn't roll it over to the Roth because the plan was funded with pre-tax money and I would have had to pay taxes on the conversion. But I can at least have some control over it now, fund it if I wish, or just focus on the Roth with my current sources of income. Not sure if you ever made a video of "Getting Ready to Get Ready". It would be a great topic to explore. I suffered from impostor syndrome and I think most of us have some level of this when considering putting our money to work. Thank you for your videos. You've made an impact.
I just got to say you have a beautiful spirit! I love your energy and even more the advise you shared! Ima jump into these books to read and be on the road to financial freedom!
Robert Kiyosaki‘s „Rich Dad Poor Dad“ was it for me. It turned my life around. I grew up with mindset that is so similar to yours, that it’s scary, Rose. I thought as well, that it was my fate to work until retirement, then eventually get sick and die. The other thing that was hammered into my head was:“Investing is only something for the rich people“. But due to the fact that I have never fit into this society at all because I have a birth defect, I am often tired and have headaches. So I had to figure out something that could prevent me from dying poor. That’s about the time I got my hand‘s on „Rich Dad, Poor Dad“. I have read other books too, but they are all written in German, because I am Swiss. I‘ll list the authors here. Maybe there are translations by now, I don’t know. There’s: Gerd Kommer Gerald Hörhan André Kostolany Harry Büsser
Not only is Rose a brilliant financial teacher/leader, but the commenters are bright as well👍 Thanks! Being a part of a financially informed gang is great!
“The Automatic Millionaire” got me started out on the path to figuring out personal finance. Of those you listed, I’ve read “Think and Grow Rich,” though some of the content feels really outdated - that chapter on “The Mystery of Sex Transmutation” - big cringe.
I like those Kyosaki books. My main takeaway from the books was how his perspective on debt. I don't think we'd have the term "good debt" without him - people tended to see *all* debt as bad, rather than leveraging equity. I will say I've always thought he discounted the "E" quadrant too much. I have investments in real estate and the stock market, and my early investments were funded by steady income from my day job.
Creating Money by Sanaya Roman and Duane Packer is a book on money from a spiritual medium, which I did not expect a lot from, but surprisingly turned out to be quite pragmatic and very very persuasive. I have read it 3 times by now.
My case herewith. 1. Drove used cars, had a roommate. 2. IRA, later Roth IRA. Side gig, SEP-IRA all in stock mutual funds. 3. Health Savings Account at Fidelity with stock mutual funds. 4. In a high income year, bought variable annuity (no contribution limit) 5. Side gig grew, have one contractor/ employee, now small income for life. While you are working, save and invest for capital appreciation. Later, use that money for income so you don’t need to work. $500/month invested for 33 years can be $1 million.
Loved all of the 5 book recommendations! I also loved The Millionaire Next Door. Life changing in the way I view millionaires now and their lifestyles ❤️
Think and Grow Rich -Napoleon Hill Cashflow Quadrant- Robert Kiyosaki I Will Teach You to be Rich -Ramit Sethi I want to read these, they sound like great books! Thanks for sharing💖
Do something. Do one thing you learned. That’s how I did it several years ago. 20 years later I am halfway to being a millionaire. I still have 20 plus years if I choose to work to accumulate the other half.
So far I have read the first 2 books "Rich Dad Poor Dad" and "I Will Teach You to Be Rich" and along with your videos, I have started investing! Thank you so much for the great content!
Great Video and very informative. I would also include "The Millionaire Next Door" by Stanley and Danko. It's an easy read and very eye opening on peoples spending habits. This book was a wake-up call to me and got me focused on my spending and personal finances.
I fell in love your videos and forwarded them to my children. I know they will get annoy but only hoping that they watch your video one of these days. As you had mentioned, my husband and I didn't teach my children about finance because we didn't have any knowledge ourselves. I am studying it at age of 60's!
Nice list - i'm reading "secrets of a millionaire mind" but i'm looking for an audible book about Fiat money and how to preserve purchasing power. Do you know one?
If you are concerned about inflation then I suggest real estate or possibly precious metals. However I think real estate is generally a better investment than precious metals or stones.
@@itsrosehan thank you for that : ) I love your channel, esp your financial life history. There aren't enough practical (& beautiful) women around - most are out spending money they don't have. you are rare.
@@QuizmasterLaw um interesting - precious metals & real estate. One is low maintenance, the other is high maintenance. Thank you so much Ann - if you have a book on this, appreciate it if u can list.
@@sheepmanleader I don't in fact; with real estate you make money either by renting out some of your property or by waiting till it appreciates. I don't recommend precious metals because new technology can always make gold recovery easier, there's plenty of gold on earth just that a lot of it is inaccessible due to being dissolved in water in such small quantities as to be irrelevant or locked in residual ore which is not yet profitable. There are whole heaps of "slag" outside of S. African mines which do have gold but in small and thus unprofitable quantities - given current technologies. This is without mentioing the idea of gold on the moon, mars, or asteroids. Those who tend to invest in gold also tend to a conspiratorial mind set they are often bad investors however, precious metals generally are inflation proof. Just don't expect them to appreciate in real value, unlike real estate (there are always more people so demand for real estate will always increase, but its supply is limited, living off world is completely unrealistic due to radiations).
I totally agree with your list. I finished two out of 5 books in your list and I’m reading think and grow rich now. Very mind blowing and and eye opening. Also the richest man in Babylon is a must. Great videos, keep it up
M22W64 The author of the 4th book Ramit Sethi of I Will Teach You To Be Rich - he’s basically like the millennial, Indian, non-Christian version of Dave Ramsey 😆 Slight differences in their advice but the same no B.S. straight talk
Ahhhhhhhh....you are spot on Rose! I used those exact books to be where I am today. How weird!! As a bonus to your selection I did read another book by Paul Jarvis which completely made me look at being an entrepreneur in whole different way. And it’s the way I still operate today. Great content Rose! Keep it going.
