Finance Books

[amarowsky]

I just read the millionaire next door. It was suggested to me earlier, and just as it was suggested to me I rented it from the library. But because I'm a lazy ass it still cost 5 dollars in late fees

However the book was very good. It kind of droned on about the same point it made early in the book and furthered itself with several general and kind of common sense examples. But the overall message was good, "Live frugal, live below your means, and save and invest your money properly without living to simply impress those around you with money and trinkets that are not within your disposable income". I liked the book, but it was kind of dry. <u>However</u> I suggest that many people who have not read the book DO! Esecially given the economic crunch we are all in, and how we could all use a little piece of mind to live more frugal and stay out of debt a little better.

Overall I give "The Millionaire next door" rating of
-6/10

Aside from that I am currently about 3/5 the way though "Cash Flow Quadrant" by Robert Kiosaki (think i spelled that wrong). It's a good book and makes some refrences to millionaire next door. Yet is seems like a polar opposite when it describes the people it is explaining. While it still preaches that saving and living below you means is good, It makes it seem like there is absolutly no way to live "financially free" by being and employee or self employed. It does continue you say that you can live by being an "investor" but, it highly stresses that you must own a business to be a good investor. I agree with a lot of the book, but I like to take the best of both books, and Work for a living while investing in my retirement and for additional asset building.

The part of "cash flow quadrant" that kind of bugs me is how he almost seems to look down on educated people, especially those with extreme debt from their educations. I'm fortunate enough to get school paid for by my work, but I just think he was kind of hard on a lot of people who don't have the ability to get free school.

Not done with this book yet, but So far I give "The Cash Flow Quadrant"
-6.5/10


Although I'm starting up another round of school soon, so I wont have as much time to read (that is as long as i dont get laid off, so ill just have school and plenty of time to read) I'm planning on reading the new Warren Buffet book "Snowball".
I sat down and read the first 20 pages at Barnes and Noble the other day and It seems like an excellent read, I'm especially excited because I find warren buffet to be such an Epic business man and investor and I hold the a lot of respect for him.......

But who know's what ill think after i read his book!