Personal Finance Books
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The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life - J.L. Collins
If you are going to read just one, this is it. This book speaks about how to get “F You money” and financial independence. Save half of everything, max tax advantaged accounts, and invest it in Vanguard total stock market index funds.
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The Richest Man in Babylon – George Samuel Classen
Published in 1926, but the principles go back much further in time. Live below your means and save the difference. Invest 10% of your income, which allows you to take advantage of “luck.” Avoid debt and the risks associated. This is the OG Dave Ramsey method.
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The Total Money Makeover - Dave Ramsey
A simple and straight forward personal finance book about being intentional with money and eliminating debt quickly. This book is easy to read and will not steer you wrong. It lacks the nuance of dealing with high income professionals like CRNAs, but it’s tough to argue with his results.
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Rich Dad Poor Dad - Robert Kiyosake and Sharon Lechter
This book discusses assets vs liabilities. Focus on buying cash-flow producing assets. Cash is losing buying-power. All liabilities should be purchased with the cash-flow produced by assets.
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Rich Habits: The Daily Success Habits of Wealthy Individuals - Tom Corley
This easy read reflects many of the TFC beliefs. This book speaks to financial basics such as living within your means and controlling the controllable. Grow your knowledge to help yourself. Network with others as the right company may lead to exponential growth.
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I Will Teach You To Be Rich – Ramit Sethi
Sethi speaks to credit, banking, saving, and investing, the basic pillars of personal finance. A few key points include using your time effectively, avoiding unnecessary mistakes, and simply starting the process even if it isn’t perfect.
Basics of Investing
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The Little Book of Common Sense Investing – John C. Bogle
There are a lot of pages here to tell you passively managed index funds with an expense ratio less than 0.2% are the way to go. The statistics within give ammunition to those who disagree with Dave Ramsey’s mutual fund recommendations. I invest based on this book.
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The Intelligent Investor – Benjamin Graham
This is Warren Buffet to a T. Analyze companies to find ones that are undervalued, stable, and poised for growth. With value investing, do not worry about the short term because your investments are with solid companies that should stand the test of time. And don’t lose money.
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Think and Grow Rich – Napoleon Hill
This 1937 work is considered a classic. Hill dives into the mindset and habits of 40 millionaires and what made them successful. Many visualized their success and physically wrote down their goals and aspirations leading to manifestation. This is not an easy read, but worth it after you start crossing the others off your list. I chose (and would recommend) the 11 hour audiobook version.
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The Millionaire Real Estate Investor – Gary Keller
This was my first book on real estate and kind of missed the mark I was looking for at the time. The book is tailored for a real estate agent looking to start a real estate business. We are full time healthcare professionals, but this is a good book on what it takes to go full time in real estate.
Become the Best Version of Yourself
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How to Win Friends & Influence People – Dale Carnegie
The first book on this list that I read. The content is so brilliant and obvious it is truly unbelievable. As the title states, this book teaches the basics of interpersonal relationships and how to best interact with others. It would be interesting to read a current version that includes text messaging and video calls, but keeping notes in a rolodex is close enough.
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12 Rules for Life: An Antidote to Chaos – Jordan B. Peterson
Likely a polarizing recommendation, but it’s my site and one of my favorites, so here it is. This book is about how to put your life back in order. He uses his personal experience as a clinical psychologist as well as cold, hard data to draw conclusions. Tough to refute statistical significance.
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Extreme Ownership: How U.S. Navy SEALs Lead and Win – Jocko Willink and Leif Babin
The world is simple when you have the solution staring you in the mirror. Take responsibility for the situation, no matter how small your role. You are never exempt from all degree of fault. Owning up to what you could have done differently will make you a better person and gain the respect of others.
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Atomic Habits: An Easy & Proven way to Build Good Habits & Break Bad Ones – James Clear
Growth or fixed mindset, which do you have? Everyone can change and better themselves. A growth mindset allows for advancement and improvement. This mindset asks, “How can I do xyz?” A growth mindset led you to The Financial Cocktail to learn and better yourself.
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The Algebra of Wealth: A Simple Formula for Financial Security -- Scott Galloway
Galloway, Professor of Marketing at NYU Stern School of Business, is blunt and honest. He speaks to what young people should do to set themselves up for success. He goes beyond the theoretical and speaks to many of his own misfortunes and missteps.
Negotiation Insights
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Never Split the Difference: Negotiating As If Your Life Depended On It – Christopher Voss and Tahl Raz
As the title says, this book discusses how to approach all aspects of a negotiation written by a career FBI negotiator. The book covers mindset, discovering intentions, phrasing, and closing. His personal stories make this one a relatively easy read.
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Way of the Wolf: Straight Line Selling: Master the Art of Persuasion, Influence, and Success – Jordan Belfort
Ethics and motives aside, this guy can sell. This book discusses how he trained less-than-ideal salespeople to have some of the highest closing rates in the business. Much of the book focuses on his scripts for phone sales, but the concept of straight line selling and making every category a 10 out of 10 are solid.
Business Reads
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The Fast Lane Millionaire: Crack the Code to Wealth - M.J. DeMarco
A bit counter intuitive for those who joined high opportunity-cost professions. DeMarco breaks down the many ways to become rich quickly. He says early wealth isn’t for the faint of heart, but it can be done. All the more time to enjoy your money. It may spark some ideas for those with an entrepreneurial itch.