It’s truly the best book in personal finance.The only other book that comes close second is “Just keep buying”. The book goes against the trend and gives some really valuable lessons that might surprise you.
JL Collins, "Simple Path to Wealth". Great book, even for a Brit like myself. Another great book for Brits is "RESET: How to Restart Your Life and Get F.U. Money" by David Sawyer.
Great book recommendations and advice. There are hundreds of financial books out there and it is just too hard to know which books can be of the most value. So, this brief review is worth its weight ! Sincere thanks to Rob Berger.
Hi Rob. I really enjoyed reading your book. It has helped me and my wife with our financial goals. Another book that really helped to change my financial mindset was The Millionaire Next Door.
Rob...I would like to piggyback on the only 3 books you need to master your money...: I would like to add Napoleon Hill’s “Think and Grow Rich,” George S. Clason’s “The Richest Man in Babylon," and the David Chilton's "The Wealthy Barber."
Instead of power of compounding,you could write of the power of lawyers to charge for work they don’t do.. call it Rounding Up .. like a 31second call gets charged a minute , 31 minutes =1 hr ..
While I like The Wealthy Barber, and it's good for historical context, much of the advice in it is out of date or no longer applicable. So not a book I would pick if only choosing 3.
Inflation has a greater impact on people's cost of living than a crashing stock or housing market, resulting in an immediate and tangible effect. This explains the current high level of negative market sentiment, and our need for assistance in surviving this challenging economy. The financial markets have underperformed due to fears of inflation, causing stock and bond prices to plummet. Despite sounding basic, consulting a financial advisor has enabled me to outperform the market and achieve a profit of $850,000 since June 2022, making it the ideal approach to enter the financial markets today.
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00:55 💰 The first book, "Retire Before Mom and Dad," focuses on the power of compounding and practical applications for managing money. 03:11 💡 "Your Money or Your Life" emphasizes understanding lifetime earnings and net worth, as well as calculating the real hourly rate to reframe spending decisions. 06:51 📈 "The Bogleheads Guide to Investing" covers everything from choosing the right investment accounts to the importance of low-cost index funds for confident and informed investing.
Ok, not the list that can make you financially independent before you’re 112. These 3 are a must: 1. Rich dad poor dad- only buy assets that pay u monthly 2. Money makeover- if ur in consumer debt, you’ll never have any money to build wealth.3. Simple path to wealth- set it and forget it. If u want to retire early, all 3 will get u there.
Many years ago I read "the Millionaire Next Door" and "Die Broke". They helped me get on the right path. I recently read "Retire before mom & dad" and it was great. Since I have watched most of Rob Berger's RU-vid posts it was the same material but in a very concise way. Thanks Rob.
Your suggestion on thinking about how many hours you had to work prior to purchasing items is great, I have done the same in past when it comes to caloric intake and working out. That Twinkie doesn’t taste so great if you know you have to spend 2 hours on treadmill! I also used to play a game at the mall that all the stores were after my money and I wasn’t gonna let them win, if I bought something it was because I Really wanted or liked it so I still was the winner!! Love your videos, Thank you So much!
