Take aways from individual finance books

Source: fourminutebooks.com

1. Rich Dad Poor Dad by Robert T. Kiyosaki

  • Use your money to acquire assets, not liabilities. 
  • Manage risks instead of avoiding them. 
  • Work to learn, not to earn. 

2. MONEY: MASTER THE GAME by Tony Robbins

  • Never underestimate the exponential power of compounding interest. 
  • Pick one of five financial goals to show yourself that financial freedom is within reach. 
  • Diversify your investments by using a 3-bucket system.
3. THE BAREFOOT INVESTOR by Scott Pape
  • Simplify your money management by using different bank accounts. 
  • Shred your credit cards first, then start paying off your debt. 
  • Automate some of your retirement planning with index funds.
4. THE ONE-PAGE FINANCIAL PLAN by Carl Richards 
  • Set some goals, but stay flexible and fine-tune along the way. 
  • Turn budgeting into a game to make saving fun. 
  • View paying off debt as an investment in your future.
5. THE INTELLIGENT INVESTOR by Benjamin Graham
  • There are 3 principles to intelligent investing: analyze for the long term, protect yourself from losses, and don’t go for crazy profits. 
  • Never trust Mr. Market, he can be very irrational in the short and medium term. 
  • Stick to a strict formula by which you make all your investments, and you’ll do fine.
6. THE LITTLEBOOKTHATBEATSTHE MARKET by Joel Greenblatt
  • Look at earnings yield and return on capital to evaluate stocks. 
  • Rank and combine these two factors to find winning companies. 
  • Be patient, it’s what makes this formula unpopular, but effective. 
7. THE MILLIONAIRE FASTLANE by MJ DeMarco
  • Wealth stands for 3 things, but not money: health, relationships, and freedom. 
  • At some point, you must make your income independent of your time. 
  • Think like a producer, not like a consumer. 
8. THINK AND GROW RICH by Napoleon Hill
  • Use autosuggestion to build an unshakeable belief in yourself. 
  • Be stubborn and always stick to your decisions. 
  • Join a Mastermind group to cut your learning curve. 
9. I WILL TEACH YOU TO BE RICH by Ramit Sethi
  • You’re the only one responsible for your financial problems. 
  • Know how much money you have coming in and then automatically direct it where you want it to end up. 
  • Start investing today, even if it’s just $1.
10. THE TOTAL MONEY MAKEOVER by Dave Ramsey
  • Before you do anything else, put away $1,000 in an emergency fund. 
  • Start paying down your debts, beginning with the smallest. 
  • Grow your emergency fund until you have at least a three-month buffer.
11. THE AUTOMATIC MILLIONAIRE by David Bach
  • Saving a little every day will go a long way. 
  • Pay yourself first to make sure you take care of your financial future. 
  • Automatic payments allow you to invest in a disciplined manner without being disciplined yourself. 
12. THE MILLIONAIRENEXT DOOR by Thomas J. Stanley
  • Save responsibly from the moment you first start earning more than you need to live. 
  • Use a simple net worth formula to calculate if you’re falling short of your financial potential.
  • Avoid economic outpatient care – spending too much money supporting others – to reach your goal. 
13. SECRETS OF THE MILLIONAIRE MIND by T. Harv Eker
  • You naturally tend to replicate your parents’ income strategies. 
  • If you want to control your finances, you first have to realize you’re the one at the wheel. 
  • Don’t despise rich people or you’ll never become rich yourself. 
14. THE RICHEST MANINBABYLON by George Clason
  • Live below your means. 
  • Learn how to be lucky. 
  • Never take on debt