and my personal favorite The Richest Man in Babylon
I’ll sum up the rich dad poor dad book for you because 80% is BS….Buy assets instead of liabilities and get your own business even if it’s just on the side. He also calls your personal residence a liability and not an asset. I share this believe to a certain extent. The premise is your house doesn’t make you cash so it must be a liability.
Contrary to what Realtors say, you SHOULD NOT buy the biggest house you can afford, you should buy what you need and invest the rest of the money every month (that you would have spent on the mortgage, taxes, insurance, energy bills, etc).
My favorite quote in The Richest Man in Babylon book sums up wealth building through smart budgeting/purchasing and investing very nicely. “The purpose of a budget is to help thy purse to fatten. It is to assist thee to have thy necessities and, insofar as attainable, thy other desires. It is to enable thee to realize thy most cherished desires by defending them from thy casual wishes.”
