Summer can be full of changes in the medical world. We get that. So, call it summer reading, winter reading, etc. We wanted to provide a list of resources that we find helpful in understanding personal finance. So, if you ever find yourself with some PTO, unable to fall asleep, or in desperate need of new conversational materials for the in-laws, consider breaking open one of these books.
- The Millionaire Next Door by Thomas J. Stanley
- If you’re looking for an understanding of behavioral differences between the truly wealthy and the middle class, this is the book for you. Learn to not get in the trap of keeping up with the Jones’, and instead, have a secure financial future.
- The Psychology of Money by Morgan Housel
- One of Justin’s favorites, this book goes into the psychology of why we are the way we are with our finances, and how we can better control and understand it. It was recently published, so it does a great job of talking about how, for example, the memory of the housing crisis impacts us today.
- One Up on Wall Street by Peter Lynch
- A great choice for anyone who has gotten on the COVID investing bandwagon. Peter Lynch was a renowned mutual fund manager, and hit his heyday a few decades ago, when this book was published. The basics are still there, though, and Lynch does a great job of explaining investing in easy-to-understand terms with amusing anecdotes thrown in.
- Rich Dad, Poor Dad by Robert Kiyosaki
- Maybe stocks make you uneasy and you prefer to invest in real estate. Kiyosaki is right up your alley. This one came out in the 1990s and is always at the top of the personal finance charts, so it is easy to pick up a cheap copy on eBay.
Has anything changed personally? Has anything changed professionally? If so, let’s talk!
We hope everyone is enjoying their summer. Stay cool, and stay safe!
Justin and Molly