All About Asset Allocation
This week's recommended book is All About Asset Allocation, by Rick Ferri. The importance of asset allocation within a portfolio cannot be overstated. Rick Ferri does a splendid job of describing the many issues and solutions when it comes to this rather abstract idea. The book is in plain language that can be understood by the beginner or advanced investor. Take this opportunity to learn more about this very important subject with an author who knows his stuff. Higher investment returns will soon follow!
The recommended book this week is Index Funds, by Mark Hebner. This wonderful book is laced with illustrations, statistical research, quotes, and good ole fashion common sense. The sub-title reads, The 12-Step Recovery Program for Active Investors. That is exactly what this book provides. Growth comes to those who are willing to change the way they think and act with their money and their investments.
This book will walk the average person through the maze of misinformation, outright lies, and high cost as Mr. Hebner drops you softly into the lap of the true experts on the subject to learn the truth that the financial services industry does not want you to know. This is a must read for those who wish to become the wise and successful investor. Financial freedom to follow!
The Little Book of Common Sense Investing
This week I would like to highlight John Bogle and his wonderful book, The Little Book of Common Sense Investing. This little book is an ideal manual for the beginning investor. John Bogle is a true expert in the field of investing (he is the founder of the Vanguard Group) and he has a wonderful way of communicating difficult issues in simple ways that you can understand and then act on. Mr. Bogle does this through the use of stories, quotes, and a whole lot of facts. The book is an easy read (you will have it done in a week or less) and worth every penny you pay for it. Buy it. Read it. Act on it. Financial freedom to follow!
The Millionaire Next Door
This week's recommended book is The Millionaire Next Door, by Thomas Stanley. This wonderful book delves into the lives of the wealthy like no other book ever has. Stanley asks the important questions? What did the wealthy do to "make it"? What do they own and not own? What do they think about now and before when it comes to money and managing it? What do they look like (this may surprise you)? Maybe most importantly, what are their behaviors. Here is one nugget. Most (about 80%) of millionaires are first generation. They earned it. It wasn't given to them. The question then becomes, how did they do it?
There is a perverse relationship with the wealthy in America for many people in our society. Some folks despise the wealthy and yet at the same time, try to be just like them in the way they spend their money. Their is a big problem with that. Most folks don't know what the wealthy have done to get there and they generally end up going down the wrong path trying to be something that has no relationship to wealth. They end up chasing after those who act wealthy (look the part with expensive stuff) instead of those who are truly well off (high net worth). This book will help you understand the difference.
Smarter Faster Better
This week's recommended book is Smarter Faster Better by Charles Duhigg. Duhigg also wrote The Power of Habit. This new book provides new inside into how humans think and ultimately behave based on the many factors that occur within their lives. Duhigg provides plenty of new insight backed by evidence, demonstrating why it is so important to better understand the human mind, culture, environment, and that crazy thing called emotion. Pick it up. You will feel more enlightened when you finish it.
This week's recommended book is Grit, by Angela Duckworth. This book provides plenty of evidence demonstrating the importance of grit when it comes to success. As a society, we have a tendency to think we are born with certain talents and we have limits to just how far those talents can take us. Many people think IQ is set and not improved upon. The evidence says otherwise and their are plenty of examples in the book and in real life. Acquire Grit (the book and the mindset) and you might just see your world change in some pretty wonderful (and possibly painful) ways!
This week's recommended book is Contagious, by Jonah Berger. This lovely book walks you through the world of why things catch on and why they do not. Why do viral videos go round the world? Why must pictures be shared with the people you care about? There is science behind why we do what we do, but there is also that little thing called the soul. This book provides insight into both worlds that is worth exploring. It belongs on the bookshelf and in your thoughts. Inspiration to follow!
This week's recommended book is Switch, by Chip and Dan Heath. This life altering book is all about change and how to make it happen even when it's hard, and it's ALWAYS hard. Whether you are looking to change something in your own life or something in your environment, this book provides insight into how that can happen and WHY it should be done. Changing the world starts with changing YOU. Never forget that simple piece of advice. This book will help you better understand that key concept.