book Archives - Page 3 of 3

The Simple Path to Wealth (book review)

“The Simple Path to Wealth” is the book by Jim Collins, that compiles and re-organizes everything in his Stock Series posts from the blog he started a few years ago to teach his daughter about finances.

I read his blog from beginning to end once and then just his Stock Series a second time. And then when I read the book I didn’t get much new (it was my third time reading the material after all) but the book is better organized (obviously) and is a bit more succinct (Collins tends to be a bit verbose in his blog), so if you read a few of his posts and they “click” then you may want to try and read the book. Also, having the book makes it easier to share with friends that could benefit from the knowledge (kind of part of my idea when I bought it).

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The Millionaire next door (book review)

I finally finished reading “The Millionaire Next Door” by Thomas Stanley and William Danko. Early this summer at a garage sale in my neighborhood I got a copy of the first original edition from 1996:

And I say “finally finished” because it was hard to go through it, I was a bit disappointed but I still got a few good things out of it (details towards the end). Continue reading “The Millionaire next door (book review)”

Your money or your life (book review)

Just finished reading “Your Money or Your Life” (1992), by Joe Dominguez and Vicky Robin:

I first heard of the book last year from the Mr. Money Mustache site and then from many other sources in the financial independence movement. It turns out 2017 is the 25th! anniversary of the book and the authors had been organizing seminaries and workshops for years before the book, so this “thing” has been going on for a long time.

Dilbert’s nine-points financial plan, revised for early retirees

Years ago Scott Adams, author of the Dilbert cartoon, was thinking about writing a book on personal finance. When he was doing the research for his book he realized that all one needed to know and do to stay in financial shape actually fit in one page. Only nine things. The plans for the book fell through (because, reportedly, no publisher was willing to endorse a one-page book) so he weaseled-in his immortal plan into this other multi-page book:

I read his 9-point plan years ago and just reviewed it to “sanity check” my plans and to see if they added anything to someone pursuing financial independence (FI), someone like me.

The Seven Habits of Financial Independence

I am of course paraphrasing the very famous Stephen Covey’s book, method, movement, cult, etc.

As part of the personal development curriculum offered by my employer years ago I took a “Seven Habits” class, a week-long class I believe. I really liked the class, and found many concepts sensible and useful but, as with most such classes, I probably didn’t use much of it later at work on in life in general.

Anyways, I reviewed some of the concepts recently and realized there are many things that can be applied toward financial independence (FI).

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