Personal Finance Books
Asked on 23 Sep 2019
I have read many books, and many books have contributed to what I am now. The one book that I followed its suggestions and changed my life drastically is "How to fail at almost everything and still win big" by Scott Adams.
Not super popular, but Die Empty by Todd Henry.
The book stems from his first book, the Accidental Creative, where a friend asked this question: "What do you think is the most valuable land in the world?"
Several people threw out guesses, such as Manhattan, the oil fields of the Middle East, and the gold mines of South Africa, before his friend indicated that they were way off track. He paused for a moment, and said, "You're all wrong. The most valuable land in the world is the graveyard. In the graveyard are buried all of the unwritten novels, never-launched businesses, unreconciled relationships, and all of the other things that people thought, 'I'll get around to that tomorrow.' One day, however, their tomorrows ran out." No one charts a course for mediocrity, yet it is still a destination of choice.
and of course, the most shared quote:
“The cost of inaction is vast. Don't go to your grave with your best work inside you. Choose to die empty.” https://www.amazon.com/Die-Empty-Unleash-Your-Every-ebook/dp/B00AEBEWMC
Who moved my Cheese? A simple yet thought-provoking book which can apply to many areas of your life.
Not a book but a blog - Cal Newport's blog https://www.calnewport.com/blog/
I love his Zen Valedictorian philosophy. In his words, "The Zen Valedictorian: Students at competitive high schools and elite colleges inject unhealthy amounts of stress into their life due to the flawed belief that the quantity of things you do as a student controls how impressive you seem to the outside world. This is not true. You’re typically judged on the thing you do best. My approach to the student stress issue (which I used to speak about at universities around the country) was to encourage students to: do less, do better. That is, focus on a small number of things; do them really well; and leave yourself margin in your schedule for recharging and curiosity. It’s possible to be both happy and impressive, if you know what you’re doing. "
Start-Up Nation by Dan Senor and Saul Singer
It tells how Israel, a country with similar resources and limitations as Singapore was able to grow into the first world country it is today.
Did you know that the "Waze" map app was from Israel? :)
Since i'm a lazy person:
1) The Power of Habit: Why we do what we do in life and business by Charles Duhigg
2) The Slight Edge: Turning simple disciplines into massive success by Jeff Olson
Not sure if this book has changed my life but it is a book that i heartily recommend to whoever will listen
"What Should I Do With My Life?" by Po Bronson. it contains compelling interviews with people from all walks of life on how they have made their career decisions and arrived at where they are (at the point of being interviewed). I was in my mid-20s and battling a quarter-life crisis when I read it and it offered me a lot of solace and encouragement.
Here's a click of Oprah interviewing Po Bronson: https://www.youtube.com/watch?v=zKZFeMLWeqE&gl=SG
Rich Dad Poor Dad
Started my investing journey and entreprenuership after reading this before army. Of course it might not be very relevant in today's or SG context but still a good book to start with.
The Millionaire Next Door : The Surprising Secrets of America's Wealthy by Thomas J. Stanley
Change my view that one does not need to be rich to be rich.
Simple, slow and steady works too
Rich Dad Poor Dad. It changed my view on financial assets and liabilities ever since I read the book. For example, housing is a financial liability instead of an financial asset if it does not generate any rental income. It has also changed my view on employment, self-employment, business and investment.
Quit like a millionaire by Kristy Shen is the most impactful book to me so far. Simple language with executable actions. It changed the way I look at financial independence.
1) Rich Dad Poor Dad by Robert Kyosaki - Gave me a paradigm shift to how I view money
2) Sprint: How to Solve Big Problems and Test New Ideas in Just Five Days - Didn't manage to implement the methods in the book but is good for entrepreneurs or people who needs to resolves problems fast
3) Getting More by Stuart Diamond - A good book about negotiation. Tried it on my mum secretly and managed to win some arguments because of this, but please use it at your own risk haha
To change a life is much, however there are some classics:
Victor E Frankl: Man's search for meaning
Sylvia Plath: The bell jar
Robert Pirsig: Zen and the art of motorcycle maintenance
The Hard Thing About Hard Things (Ben Horowitz) - Shows the dark side of entreprenurship and running a business
The Lean Start-Up (Eric Ries) - Explains how to maximise resources and find the quickest way to validate and grow your business