It has been a while since this blog profiled a book with weekly updates.
First there was The Millionaire Next Door. It was one of my first recommendations of the month. That inaugural book was my first non-mandatory financial book. It helped me see millionaires in a different way. It also changed my view on the types of jobs which could turn an average person into a millionaire. The answer – it’s not the job it’s the person working the job.
It’s been a few years since then but current societal issues make me want to dive back into another personal finance book as soon as possible. I wanted to choose a book that would resonate with not only my readers but me as I now understand the need to have the right mindset about money.
And let me be transparent here, the proper mindset is hard. My mindset for growing wealth has not been conducive to me actually accomplishing the goal. I had a love for eating take out when at work. It gave me a few minutes of downtime where no one could ask anything of me and where I could spend time with friends I no longer worked with. My take-out bill at one point was more than my car payment.
That is ridiculous and thankfully I decreased my spending where that habit is concerned over a year ago. When I think of what I could have in my back account right now, I get the chills. That is a regret I can’t get back to fix so I am moving forward.
As a result, I have learned that without a mindset focused on wealth building, the debt I have decreased can’t be used to grow wealth. (I speak for me because we each must analyze our own mindsets in this area)
A good place to start is reading Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money – That the Poor and Middle Class Don’t by Robert Kiyosaki. I have listened to the audit but reading helps me process information better.
Rich Dad, Poor Dad is on many recommended reading lists if you want to learn more about money & investing. It is the first book in a series and has sparked several seminars. If you are interested in changing your mindset regarding money, this may be one option for your personal development.
Til next time,
“The more that you read, the more things you will know. The more that you learn, the more places you’ll go.” – Dr. Seuss