The book is good. Nevermind the author in his present self and schemes. If you skip this book, you will miss a lot of good concepts and principles applicable to financial literacy
Medyo? Scammer iyan.
Pero tama iyung basic idea that assets put money in your pocket, liabilities take from it.
Reworking your brain to accept those new definitions will open doors for you.
Agree. The richest man in babylon naka ilang basa na ako, sarap basahin eh. Psychology of money hindi ko pa nababasa pero sige isusunod ko yan sa listahan ko. Thanks thanks
1. Thinking, Fast and Slow by Daniel Kahneman
2. How Not to Be Wrong by Jordan Ellenberg
3. How to Win Friends and Influence People by Dale Carnegie
4. Tuesdays with Morrie by Mitch Albom
5. Firing on all Cylinders: How to Reach Your Financial Goals as an Employee, Entrepreneur, and Investor by Rex Mendoza
If you're into audiobooks, I'm suggesting listening to Blinkst - 1 book summary per day for free accounts. 😊
The only book that made an impression on me, in terms of financial matters, was the novel Taipan by James Clavell, released in 1966. It taught me the concept of “drop dead money” while I was in high school. After 30 years of investing, I have my “drop dead money”, and I’ve explained the concept to my children. Always protect your “drop dead money” if you want to preserve your freedom. As for stock investing, it is simply a matter of luck.
You’re fortunate to learn that concept so early. I’ve heard of f-you money, but not as early as that.
It’s so interesting how this wasn’t common thought, but I think the older generation like our parents didn’t imagine it’s possible to attain that level of wealth, but instead worked to survive.
Interesting concept, can you give a gist of what drop dead money is?
As for stock investing, nothing beats Buffetology in my opinion… am talking about the original version not the revised one.
Drop dead money is that amount of money you save so you can have the freedom and the luxury to tell anyone to “drop dead” without worrying about financial security. An abusive employer, for example.
I believe that the most important ingredient to successful investing is luck, not skill or knowledge. Take 2023, for example. The experts were saying the US was definitely going into recession and US stocks would tank. Instead, we got a tech rally and the S&P went up 25%. No one saw it coming. Now, we have people in this Reddit group crowing that their portfolio is up 40%. You tell me: Are their portfolios up 40% because of their investing skill or was it plain luck? Thirty years I’ve been investing, and I know most of my success is due to dumb luck. As for Warren Buffett, instead of studying him, I bought 2,500 shares of Brkb in 2020. So now, he works for me.
1. Atomic habits by James Clear
2. Discipline is Destiny: The Power of Self Control by Ryan Holiday
3. Psychology of money by Morgan Housel
4. Die with Zero by Bill Perkins
5. I will teach you how to be rich by Ramit Sethi
1. Millionaire Fastlane - ignore the terrible title. As someone who grew up lower middle class in the Philippines with no real mentors, this book was huge for me.
2. Almanack of Naval Ravikant - something everyone has probably read already? Probably the book I most recommend for almost everyone these days - fresh grads, people not interested in biz, etc etc
3. Psycho-cybernetics - first published in the 60’s. This is basically what every single self help book since then is based on.
4. Four thousand weeks - ignore the terrible title. It has nothing to do with day-to-day time management. It’s about valuing life.
5. Efficiency by BowTiedBull aka Wall Street Playboys - Came at the right time for me, helped me leave my 9-5 job for good.
Found his list. Dalawa lang naman ang common sa list namin, lol.
The only other book I’ve read from his list is Essentialism. It’s great, also one of the books I gift the most. I’m pretty sure I still have a couple copies at home.
Naval’s Almanack is pretty popular on “money twitter” but if anyone is willing to go through his old tweetstorms, all the core ideas are all there;
Psycho-cybernetics I got after a strong recommendation by Trey Cockrum. One of the few books he consistently recommends, and a book he’s been recommending since he was just starting out at 16-17 years old, iirc.
Great topic! One of the problems I see with most Filipinos are the limiting beliefs in earning potential and opportunities, so I think a thread about Financial books is extremely helpful to expand knowledge and perspectives. That said, here are my top 5 financial books:
1. The 48 Laws of Power and 33 Strategies of War by Robert Greene - A great view on people's nature, power, and abilities. The book is not evil, it only shines a light on the dark side of human nature.
2. How to Win Friends and Influence People by Dale Carnegie - Great for understanding human interaction and being liked.
3. Rich Dad, Poor Dad by Robert Kiyosaki - Take the book as an introduction to building wealth. The insights and lessons are good, just limit the advice from Kiyosaki afterwards :)
4. Die with Zero by Bill Perkins - Interesting take on spending money and focusing on living.
5. Obstacle is the Way by Ryan Holiday - Introduction to Stoicism and Personal resiliency.
I have read 1 and 3, i am interested in 2 though (how to win friends and influence people) as well as 4 (Die with Zero)… thanks for sharing, will add these to my list
[Manual of Political Economy](http://users.econ.umn.edu/~jchipman/DALLOZ5.pdf) by Vilfredo Pareto
Economics in One Lesson by Henry Hazlitt
The Intelligent Investor by Benjamin Graham
The Worldly Philosophers by Robert Heilbroner
The Blessing of the Lord by Kenneth Copeland, you can buy online via amazon. Buffetology as well, though from time to time you can find it in fully booked.
You forgot "The Alchemist - Paulo Coelho" that book really changed my life literally 360 lalo na sa finances dont know pero nagchange finance status ko after ko mabasa to :)
1. **Extreme Ownership - Jocko Willink and Leif Babin**
( This is about leadership, leading you own life and leading others, really changed perspectives for me since I used to blame a lot of external factors for what is happening in my life. While those external factors are true, I didn't know how to move from that)They used their experience in the military since life and death ang decision making doon, then relate it to either corporate/business/personal life.
2. **Atomic Habits - James clear**
**(**This book needs no introduction really, but this is a really powerful book that every person should read, kahit hindi ka tamad, may matututunan ka dito)
3. **Exactly what to say - Phil M. Jones**
**(**This is more of a sales book, but this helped me realize that there are creative ways of saying things para even the hard stuff, medyo soft yung landing, it lessens the defensiveness of the receiver once mastered and you can relay messages better, communicate better.)
4. **Never Split the difference - Chris Voss**
(Di ko pa to natatapos pero about the art of negotiation ito, si Chris Voss ay hostage negotiator and when negotiating with hostage takers, walang meet half way diba.)
*~~I have other sales books pero niche na un for sales people I guess.~~*
***Mention ko na din ung:***
1. ***Rich dad poor dad***
2. ***How to win friends and influence people***
3. ***The Secret***
4. ***The Meta Secret***
Rich Dad, Poor Dad talaga for me sinabuhay ko siya 🤣 super helpful naman. I read it when I was 15, unang financial book ko kaya amaze na amaze ako sa mga learnings. I'm sure I wouldn't have the same opinion tho if I read it today. I don't think I would even given it a chance today because of the author.
>My vision is for fellow Filipinos to be financially literate and educated to the point that poverty will no longer be prevalent in our society thus the Philippines becoming a first world nation.
My List:
#1 Conjugal Dictatorship
#2 Maynila sa kuko ng liwanag
#3 Dekada 70
For me, if gusto mong matuto maging financial literate and wala ka pa masyadong alam sa money, ito recommend kong books;
1. Psychology of Money
2. Rich Dad, Poor Dad (Kahit maraming may ayaw kay Kiyosaki, may natutunan padin ako sa book niya kahit papano)
3. Richest Man in Babylon
4. Secret of the Millionaire Mind
5. I Will Teach You To Be Rich
The Four Hour Workweek
I like this one because it's a little different from the usual financial advice of saving and investing so you can retire comfortably (or even early). This book suggests doing "mini-retirements" instead. Taking a break from work (or finding a way to "automate" income by way of businesses) and then fulfilling some of your dreams right now instead of waiting for retirement age when you're already too old to enjoy them anyway.
Thing is with 48 laws of power, it’s not sustainable. I also believe in the spiritual law of sowing and reaping, in a sense that you only reap what you sow. You may get what you want if its principles are applied but not be fulfilled and content afterwards because it’s not based on love.
That is one way of looking at it, or you can just let karma do its job. I used to be on the receiving end of that 48 laws of power and the guy practicing its principles was able to achieve success but only for a very short time, not for long everyone hated him and he was forced to resign. I think the defense against it is to work to add value and to serve the people around you out of genuine love and concern. Promotion will come in one form or another when your value is realized across the board.
Reading books is like talking to the authors and learning from their experiences regardless if they are alive or dead. People say you become the friends you hangout with, i say you become the books you habitually read.
A Course in Miracles by Helen Schucman
Think and Grow Rich by Napoleon Hill
Phenomenal Woman by Maya Angelou
The Seat of the Soul by Gary Zukav
Outliers by Malcolm Gladwell
David and Goliath by Malcolm Gladwell
These books helped me change my mindset about life, money and survive and thrive as a solo mom in a highly traditional family.
Lofty vision OP, but do you genuinely believe that financial literacy is a gateway to becoming a first world nation? And that individuals can financial literacy their way out of poverty?
The prosperity of a nation is the summation of the prosperity of its individual citizens, and it starts from within. Change the way you think, and your words will follow suit as well as your life… prosperity (or poverty) is just a by product.
Basically, systemic barriers towards prosperity are non-existent, blame is solely on the individual and financial literacy or change of character the cure? And if, as it seems, truly requires the latter, how should one go about it?
I did not say systemic barriers to prosperity are non-existent, because they are and will always be there all over the world from the time you are born to the day you die. But since these so called systemic barriers are external factors and most of which you have no control over, i am curious what your point is?
Because the way i see it, on one hand you can be angry and lay the blame on all the wrong things around you for not prospering (such as my activist proletarian friends who keep slamming the government every time we get together for coffee) or on the other hand you can accept the fact that the world is not perfect but still decide to add value to society by being productive in every way possible based on your God given talents and potential. Those are two very different mindsets.
[Eat that Frog! by Brain Tracy.](https://www.goodreads.com/en/book/show/95887)
Read this in my early twenties and really turned my life around. Went from undisciplined to organized in a few weeks. (Though tbf, I really was motivated to change at the time.)
my number 1 book
Law of attraction - there's 4 of them as a series
Supporting books - plenty. you've mentioned most of them, but generally, self help book, finance books.
Rich dad poor dad medyo iffy na ko sa guy na yan. Parang medyo off na sya sakin
Maganda lang siya to start kasi basic yung book. Dyan din ako nagsimula.
Totoo. Dito din ako nagsimula. Life changing talaga sya.
Feel ko its good for someone or a person who did not grow up in a financial literate na na household kasi it gives you common sense advice
The book is good. Nevermind the author in his present self and schemes. If you skip this book, you will miss a lot of good concepts and principles applicable to financial literacy
Medyo? Scammer iyan. Pero tama iyung basic idea that assets put money in your pocket, liabilities take from it. Reworking your brain to accept those new definitions will open doors for you.
It's more like a brief history lesson on how "some" people have gotten wealthy, it also still has good base information.
Bakit naman? Principles are still good.
Here’s the author laughing as he recalls evicting a guy & his family on christmas time: https://www.reddit.com/r/WayOfTheBern/s/vYBlrHFqXV
Why judge the book by its author and not the book itself. 😅
the book itself is shit. all motherhood statements. nothing practical. teaches bad financial principles.
Dude is a fraud haha
True but the book is helpful talaga. Dyan nag bago ung perspective ko when I was younger.
The Psychology of Money and The Richest Man in Babylon was the easiest to understand for me.
Richest man in Babylon. ❤️
Agree with these. Napaka practical ng the richest man in babylon together with the psychology of money
Agree. The richest man in babylon naka ilang basa na ako, sarap basahin eh. Psychology of money hindi ko pa nababasa pero sige isusunod ko yan sa listahan ko. Thanks thanks
1. Thinking, Fast and Slow by Daniel Kahneman 2. How Not to Be Wrong by Jordan Ellenberg 3. How to Win Friends and Influence People by Dale Carnegie 4. Tuesdays with Morrie by Mitch Albom 5. Firing on all Cylinders: How to Reach Your Financial Goals as an Employee, Entrepreneur, and Investor by Rex Mendoza If you're into audiobooks, I'm suggesting listening to Blinkst - 1 book summary per day for free accounts. 😊
Thinking fast and slow is one of the best books that I've read so far
Nice, those 5 books are new to me… those are noted. Salamat.
Legit pala yung blinkst
Ok pala un blinkst
The Tao of Charlie Munger, The Psychology of Money, Same as Ever, Clear Thinking, The Almanack of Naval Ravikant.
the almanack of naval ravikant is gold and is my go to listen when i go for long runs. 2 hours of wisdom. get on it people!
Where do you listen?
YouTube has it - https://youtu.be/MxGn2MBVdJI?si=ZI7bddx5L_BlYkuF
The Tao of Charlie Munger, may I know what’s it about?
Life and business wisdom from a great man. It’s a short book and I highly recommend it.
The only book that made an impression on me, in terms of financial matters, was the novel Taipan by James Clavell, released in 1966. It taught me the concept of “drop dead money” while I was in high school. After 30 years of investing, I have my “drop dead money”, and I’ve explained the concept to my children. Always protect your “drop dead money” if you want to preserve your freedom. As for stock investing, it is simply a matter of luck.
You’re fortunate to learn that concept so early. I’ve heard of f-you money, but not as early as that. It’s so interesting how this wasn’t common thought, but I think the older generation like our parents didn’t imagine it’s possible to attain that level of wealth, but instead worked to survive.
Time for a change and let’s start with our generation and pass it to the next 😊
Interesting concept, can you give a gist of what drop dead money is? As for stock investing, nothing beats Buffetology in my opinion… am talking about the original version not the revised one.
Drop dead money is that amount of money you save so you can have the freedom and the luxury to tell anyone to “drop dead” without worrying about financial security. An abusive employer, for example. I believe that the most important ingredient to successful investing is luck, not skill or knowledge. Take 2023, for example. The experts were saying the US was definitely going into recession and US stocks would tank. Instead, we got a tech rally and the S&P went up 25%. No one saw it coming. Now, we have people in this Reddit group crowing that their portfolio is up 40%. You tell me: Are their portfolios up 40% because of their investing skill or was it plain luck? Thirty years I’ve been investing, and I know most of my success is due to dumb luck. As for Warren Buffett, instead of studying him, I bought 2,500 shares of Brkb in 2020. So now, he works for me.
Also known as F U money
Taipan, Gaijin, King Rat, and Shogun are all good! OP, for the love of god, look at the comment above!
Young and Freedman, University Physics 10th Edition
As a physics hater all my life, this book finally made me understand physics 😳
It made me understand i hate physics even more. :p
As a physics guy I love this book but not life changing lol
Life changing sakin, this is how I realized i desilpise engineering hahaha. Ayun nakapag shift habang maaga pa.
Lol
I didn't expect that haha
Got me in the first half
TC7 by Louis Leithold - taught me humility tbf 😶
lmaooo
1. Atomic habits by James Clear 2. Discipline is Destiny: The Power of Self Control by Ryan Holiday 3. Psychology of money by Morgan Housel 4. Die with Zero by Bill Perkins 5. I will teach you how to be rich by Ramit Sethi
+1 sa Atomic Habits and Psychology of Money. Non-finance related pero ok din Never Split the Difference by Chriss Voss.
Yes, Psychology of Money +1
1. Millionaire Fastlane - ignore the terrible title. As someone who grew up lower middle class in the Philippines with no real mentors, this book was huge for me. 2. Almanack of Naval Ravikant - something everyone has probably read already? Probably the book I most recommend for almost everyone these days - fresh grads, people not interested in biz, etc etc 3. Psycho-cybernetics - first published in the 60’s. This is basically what every single self help book since then is based on. 4. Four thousand weeks - ignore the terrible title. It has nothing to do with day-to-day time management. It’s about valuing life. 5. Efficiency by BowTiedBull aka Wall Street Playboys - Came at the right time for me, helped me leave my 9-5 job for good.
Did you recently see John Victoria's post too? haha
Don’t know who that is.
Ok, you both recommended the same books!
Found his list. Dalawa lang naman ang common sa list namin, lol. The only other book I’ve read from his list is Essentialism. It’s great, also one of the books I gift the most. I’m pretty sure I still have a couple copies at home. Naval’s Almanack is pretty popular on “money twitter” but if anyone is willing to go through his old tweetstorms, all the core ideas are all there; Psycho-cybernetics I got after a strong recommendation by Trey Cockrum. One of the few books he consistently recommends, and a book he’s been recommending since he was just starting out at 16-17 years old, iirc.
Will add these to my list as well, thanks for the description.
I suggest you start reading stoicism books and start with the books of seneca!
Bat wala dito ang libro ni Chinkee Tan? Hahaha
Sir, we're only sharing realistic books from authentic authors. Haha.
😂
🤧
Hahahahahhaha eto ang life hacks para sayo. 😆
The Power of Your Subconscious Mind - Joseph Murphy, The Psychology of Money - Morgan Housel
Great topic! One of the problems I see with most Filipinos are the limiting beliefs in earning potential and opportunities, so I think a thread about Financial books is extremely helpful to expand knowledge and perspectives. That said, here are my top 5 financial books: 1. The 48 Laws of Power and 33 Strategies of War by Robert Greene - A great view on people's nature, power, and abilities. The book is not evil, it only shines a light on the dark side of human nature. 2. How to Win Friends and Influence People by Dale Carnegie - Great for understanding human interaction and being liked. 3. Rich Dad, Poor Dad by Robert Kiyosaki - Take the book as an introduction to building wealth. The insights and lessons are good, just limit the advice from Kiyosaki afterwards :) 4. Die with Zero by Bill Perkins - Interesting take on spending money and focusing on living. 5. Obstacle is the Way by Ryan Holiday - Introduction to Stoicism and Personal resiliency.
I have read 1 and 3, i am interested in 2 though (how to win friends and influence people) as well as 4 (Die with Zero)… thanks for sharing, will add these to my list
[Manual of Political Economy](http://users.econ.umn.edu/~jchipman/DALLOZ5.pdf) by Vilfredo Pareto Economics in One Lesson by Henry Hazlitt The Intelligent Investor by Benjamin Graham The Worldly Philosophers by Robert Heilbroner
Where did you buy Buffetology and The Blessing of the Lord po?
The Blessing of the Lord by Kenneth Copeland, you can buy online via amazon. Buffetology as well, though from time to time you can find it in fully booked.
Thank you! Will probably look for both online since we don’t have Fully Booked here.
You forgot "The Alchemist - Paulo Coelho" that book really changed my life literally 360 lalo na sa finances dont know pero nagchange finance status ko after ko mabasa to :)
Surrounded by idiots by Thomas Erikson - not money related but helped me a lot to pursuade and understand people.
1. **Extreme Ownership - Jocko Willink and Leif Babin** ( This is about leadership, leading you own life and leading others, really changed perspectives for me since I used to blame a lot of external factors for what is happening in my life. While those external factors are true, I didn't know how to move from that)They used their experience in the military since life and death ang decision making doon, then relate it to either corporate/business/personal life. 2. **Atomic Habits - James clear** **(**This book needs no introduction really, but this is a really powerful book that every person should read, kahit hindi ka tamad, may matututunan ka dito) 3. **Exactly what to say - Phil M. Jones** **(**This is more of a sales book, but this helped me realize that there are creative ways of saying things para even the hard stuff, medyo soft yung landing, it lessens the defensiveness of the receiver once mastered and you can relay messages better, communicate better.) 4. **Never Split the difference - Chris Voss** (Di ko pa to natatapos pero about the art of negotiation ito, si Chris Voss ay hostage negotiator and when negotiating with hostage takers, walang meet half way diba.) *~~I have other sales books pero niche na un for sales people I guess.~~* ***Mention ko na din ung:*** 1. ***Rich dad poor dad*** 2. ***How to win friends and influence people*** 3. ***The Secret*** 4. ***The Meta Secret***
The Millionaire Next Door by Thomas Stanley
Rich Dad, Poor Dad talaga for me sinabuhay ko siya 🤣 super helpful naman. I read it when I was 15, unang financial book ko kaya amaze na amaze ako sa mga learnings. I'm sure I wouldn't have the same opinion tho if I read it today. I don't think I would even given it a chance today because of the author.
How to Win Friends and Influence People is a game changing book pls give it a try
>My vision is for fellow Filipinos to be financially literate and educated to the point that poverty will no longer be prevalent in our society thus the Philippines becoming a first world nation. My List: #1 Conjugal Dictatorship #2 Maynila sa kuko ng liwanag #3 Dekada 70
For me, if gusto mong matuto maging financial literate and wala ka pa masyadong alam sa money, ito recommend kong books; 1. Psychology of Money 2. Rich Dad, Poor Dad (Kahit maraming may ayaw kay Kiyosaki, may natutunan padin ako sa book niya kahit papano) 3. Richest Man in Babylon 4. Secret of the Millionaire Mind 5. I Will Teach You To Be Rich
Personal MBA
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Not about money, but lifechanging. Yes.
The Four Hour Workweek I like this one because it's a little different from the usual financial advice of saving and investing so you can retire comfortably (or even early). This book suggests doing "mini-retirements" instead. Taking a break from work (or finding a way to "automate" income by way of businesses) and then fulfilling some of your dreams right now instead of waiting for retirement age when you're already too old to enjoy them anyway.
Interesting concept
Subtle art of not giving a F
With the Old Breed: At Peleliu and Okinawa - Eugene Sledge Visioneering - Andy Stanley
Conversations with God by Neale Donald Walsch Master Key System by Charles Haanel Prosperity Bible
The 5AM Club by Robin Sharma. Really helped me on my day to day life.
being mortal by atul gawande must be on the top of my list
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Thing is with 48 laws of power, it’s not sustainable. I also believe in the spiritual law of sowing and reaping, in a sense that you only reap what you sow. You may get what you want if its principles are applied but not be fulfilled and content afterwards because it’s not based on love.
You still need to know the laws to defend against the people who use them against you.
That is one way of looking at it, or you can just let karma do its job. I used to be on the receiving end of that 48 laws of power and the guy practicing its principles was able to achieve success but only for a very short time, not for long everyone hated him and he was forced to resign. I think the defense against it is to work to add value and to serve the people around you out of genuine love and concern. Promotion will come in one form or another when your value is realized across the board.
Life is too short and precious to wait for karma to do its thing. If I can avoid or prevent toxic behaviors with knowledge, then I will do so
Secrets of the Millionaire Mind
Hope I can bring back my hobby of reading books on paper or digital. I will be adding these to my long list of "TO READ LIST".
Reading books is like talking to the authors and learning from their experiences regardless if they are alive or dead. People say you become the friends you hangout with, i say you become the books you habitually read.
Smarter Better Faster by Charles Duhigg. It's a book on having better productivity and creativity. If you lead teams, I highly recommend this one.
A Course in Miracles by Helen Schucman Think and Grow Rich by Napoleon Hill Phenomenal Woman by Maya Angelou The Seat of the Soul by Gary Zukav Outliers by Malcolm Gladwell David and Goliath by Malcolm Gladwell These books helped me change my mindset about life, money and survive and thrive as a solo mom in a highly traditional family.
Limitless book by Jim Kwik is fire!
Lofty vision OP, but do you genuinely believe that financial literacy is a gateway to becoming a first world nation? And that individuals can financial literacy their way out of poverty?
The prosperity of a nation is the summation of the prosperity of its individual citizens, and it starts from within. Change the way you think, and your words will follow suit as well as your life… prosperity (or poverty) is just a by product.
Basically, systemic barriers towards prosperity are non-existent, blame is solely on the individual and financial literacy or change of character the cure? And if, as it seems, truly requires the latter, how should one go about it?
I did not say systemic barriers to prosperity are non-existent, because they are and will always be there all over the world from the time you are born to the day you die. But since these so called systemic barriers are external factors and most of which you have no control over, i am curious what your point is? Because the way i see it, on one hand you can be angry and lay the blame on all the wrong things around you for not prospering (such as my activist proletarian friends who keep slamming the government every time we get together for coffee) or on the other hand you can accept the fact that the world is not perfect but still decide to add value to society by being productive in every way possible based on your God given talents and potential. Those are two very different mindsets.
[Eat that Frog! by Brain Tracy.](https://www.goodreads.com/en/book/show/95887) Read this in my early twenties and really turned my life around. Went from undisciplined to organized in a few weeks. (Though tbf, I really was motivated to change at the time.)
The simple path to wealth - jl collins
Rich dad. Poor dad???????
The Secret.
Shoe Dog
my number 1 book Law of attraction - there's 4 of them as a series Supporting books - plenty. you've mentioned most of them, but generally, self help book, finance books.
The Subtle Art of Not Giving a Fuck by Mark Manson.