I want to build wealth
Library · Reading path · 4 books
Who it is for
For people whose finances are already in order and who think long term: net worth, financial independence and what money is for.
What you will learn
Which habits build wealth, how to decide how much is enough, how to invest to get there and how not to oversave.
Why this order
It opens with data on who builds wealth, continues with spending and values, then investing, and ends with the counterpoint: what all that money is for.
The Millionaire Next Door
Thomas J. Stanley and William D. Danko. Reading: Moderate. Finance level: Beginner.
Shows with data that net worth depends more on how much you spend than on how much you earn.
Your Money or Your Life
Vicki Robin and Joe Dominguez. Reading: Moderate. Finance level: Beginner.
Helps you decide what is worth spending on and set how much is enough.
The Simple Path to Wealth
JL Collins. Reading: Easy. Finance level: Beginner.
Explains how to invest to reach financial independence and what a withdrawal rate is.
Die With Zero
Bill Perkins. Reading: Easy. Finance level: Intermediate.
The counterpoint: how to avoid oversaving and use money when it adds most.
If you already know some of it
If your savings rate is already clear, start at step 3.