The 3 books are:
- The Richest Man in Babylon by George Clason
- I Will Teach You to Be Rich by Ramit Sethi
- Millionaire Fastlane by MJ DeMarco
Classic wisdom paired with complete mindset shifts on money.
The Richest Man in Babylon
This book was first published in 1926 and it still holds up.
An easy read and a great place to start, it is written as a set of stories about fictional families in ancient Babylon. The “cures for a lean purse” that it teaches are timeless however.
This is a great book for learning financial basics.
I Will Teach You to Be Rich
Two words that capture the power of this book, perspective shift.
You will not look at your bills the same way ever again. Apartment trying to increase your rent? Ask them not to. The worst they can say is no. Too much month at the end of the money? Look for ways to increase your income.
The 2 key takeaways for me were:
- It is easier to make more than to cut back.
- Look for big wins first (i.e. 20% raise or 5-7% rent reduction)
Millionaire Fastlane
Don’t you want to be a millionaire? Get in the fast lane.
The sidewalk is people who are saving nothing. In fact, they are probably accumulating consumer debt. The slow lane is putting money into a 401k or something similar to be able to retire. The fast lane is building a business.
If you want to be a millionaire before you retire, you should probably start a business of some kind.