Garrett Gunderson, What Would the Rockefellers Do? How the Wealthy Get and Stay That Way, and How You Can Too, Rip Water LLC, 2016. This is an excellent expose on cash value life insurance. Gunderson’s implodes myths, exposes nuances to the ‘buy term and invest the difference’ narrative, while offering an in-depth analysis of dividend paying, mutually owned whole life insurance. He …
Financial Independence In the 21st Century by Suzanne Burnell and Dwayne Burnell
Available on Amazon, this book is an excellent treatise on life insurance as an asset class. In chapters 3 and following, Burnell explains the many ‘living’ benefits of a properly engineered cash value life insurance contract. It’s an accessible read with sufficient graphs and charts to buttress the narrative. For readers who prefer to be educated versus being sold, this …
The Millionaire Next Door
Thomas J. Stanley, William D. Danko, The Millionaire Next Door, Trade Publishing, 1996 Ask anyone about the lifestyle of millionaires not just in America but in any country in the world, they will most likely tell you about yachts, luxury travels, expensive cars, dream homes, heavy consumption, expensive jewelry, etc. Very few people are likely to talk about frugality and a …
The Psychology of Money
Morgan Housel, The Psychology of Money, Harriman House, 2020 This is a must-read book for everyone starting to delve into the finance world, regardless of investing or other types of money-making techniques the author focuses more on the nature behind money movements, which are frequently emotional and irrational. The author does well in outlining how much luck and risk have …
The Elements of Investing
Burton G. Malkiel, Charles D. Ellis, The Elements of Investing, Wiley, 2009 The core of investing fundamentals all investors should know and follow for long-term success. Time-tested facts and insight. Every beginning investor should read this book. In fact, seasoned investors should read this book!
A Random Walk Down Wall Street
Burton G. Malkiel, A Random Walk Down Wall Street, W.W. Norton & Company, 2019 In this book, Mr. Malkiel explains that the market is highly efficient, and no one can accurately predict its ups and downs; it’s a “random walk”. So, the best approach is passive, “buy and hold” investing using diversified index funds held long term. I recommend this …
The Richest Man in Babylon
eorge S. Clason, The Richest Man in Babylon, Penguin Books, 1926 The Richest Man in Babylon dispenses financial advice through a collection of parables from ancient Babylon. A simple story narrated aims to deliver a strong underlying idea, which is basic financial management. While it might seem too simple to warrant writing an entire book about it, I think this …
The Four Pillars of Investing
William J. Bernstein, The Four Pillars of Investing, McGraw-Hill, 2002 In short, Bernstein advocates wide diversification through a portfolio of passively managed index funds in different asset classes, and buy-and-hold for the long term. Dr. Bernstein introduces readers to four basic concepts, or what he terms the four pillars of investing: the theory, history, psychology, and business of investing.
The Little Book of Common Sense Investing
John C. Bogle, The Little Book of Common Sense Investing, Wiley, 2007 Bogle’s main point is that the best (most efficient) investment strategy is to buy and hold all publicly traded US businesses at a low cost. He recommends this very simple approach as a superior alternative to today’s incredibly complex array of active investment options. He describes this as …
Just Keep Buying
Nick Maggiulli, Just Keep Buying, Harriman House, 2022 A no-nonsense guide to personal finance that delights in busting myths and dispelling old clichés. Tackling all-important questions like saving and investing, it digs into the psychology behind money and provides a realistic guide to making sound financial decisions.
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