1/ The 15 books about money that changed my life
and the key lessons from each of them (with graphics)
Who's up for a about improving your money mindset?
and the key lessons from each of them (with graphics)
Who's up for a about improving your money mindset?
2/ Rich Dad, Poor Dad
Acquire assets, not liabilities
A house is a liability
You are in business for yourself
Work to learn
Failure inspires winners
Network
Pay yourself first
The rich don't work for money; money works for them
You get rich at home, not at work
Acquire assets, not liabilities
A house is a liability
You are in business for yourself
Work to learn
Failure inspires winners
Network
Pay yourself first
The rich don't work for money; money works for them
You get rich at home, not at work
3/ The Wealthy Barber by @wealthy_barber
Pay yourself first
One dollar saved is two dollars earned
Common sense + discipline is all you need
Society doesn't want you to save
Your "wants" will never be satisfied
6 month emergency fund = must
Pay yourself first
One dollar saved is two dollars earned
Common sense + discipline is all you need
Society doesn't want you to save
Your "wants" will never be satisfied
6 month emergency fund = must
4/ Millionaire Next Door
Ordinary people can become wealthy
Live below your means
Age x (income/10). Compare this to your net worth
Don't subsidize your adult childrens' lifestyle
Use your time wisely
Pick the right occupation
Minimize taxes
Avoid debt
Invest
Ordinary people can become wealthy
Live below your means
Age x (income/10). Compare this to your net worth
Don't subsidize your adult childrens' lifestyle
Use your time wisely
Pick the right occupation
Minimize taxes
Avoid debt
Invest
5/ Your Money or Your Life
Find your level of "enough"
Calculate your "real" hourly wage
Track every cent
Cost of anything = life energy spent
Align spending with values & purpose
Financial independence = freedom
Find your level of "enough"
Calculate your "real" hourly wage
Track every cent
Cost of anything = life energy spent
Align spending with values & purpose
Financial independence = freedom
6/ Choose FI by @ChooseFi
Start with "why"
Develop a growth mindset
Become a "valuist"
Hack college cost
Build a network
Invest simply
Travel hack
Start with "why"
Develop a growth mindset
Become a "valuist"
Hack college cost
Build a network
Invest simply
Travel hack
7/ Richest Man in Babylon
Save at least 10% of your income
Don't confuse necessary expense w/ desires
Invest wisely
Own your home
Improve your ability to earn
Save at least 10% of your income
Don't confuse necessary expense w/ desires
Invest wisely
Own your home
Improve your ability to earn
8/ The Psychology of Money by @morganhousel
No one is crazy
Wealth is what you don't see
Save like a pessimist, invest like an optimist
Build in room for error
Progress is slow. Setbacks are fast.
Bubbles form when investing horizons shorten
No one is crazy
Wealth is what you don't see
Save like a pessimist, invest like an optimist
Build in room for error
Progress is slow. Setbacks are fast.
Bubbles form when investing horizons shorten
9/ Rule Makers, Rule Breakers by @themotleyfool
Invest in "top dog and first-mover"
Must have sustainable advantage
Look for good management and smart backing
Strong past price appreciation
Consumer appeal
Find companies that are "overvalued"
Buy great companies
Invest in "top dog and first-mover"
Must have sustainable advantage
Look for good management and smart backing
Strong past price appreciation
Consumer appeal
Find companies that are "overvalued"
Buy great companies
10/ The Simple Path to Wealth by @JLCollinsNH
Debt is a burden
You need "F-You money"
Invest in index funds
The market always goes up
Expect crashes, they are normal
Withdraw 4%/year at "retirement"
Debt is a burden
You need "F-You money"
Invest in index funds
The market always goes up
Expect crashes, they are normal
Withdraw 4%/year at "retirement"
11/ One Page Financial Plan by @behaviorgap
"Why is money important to you?"
Know where you are today
Save as much as you reasonably can
Avoid big mistakes
Hire a "real" financial advisor
Behave for a long, long time
"Why is money important to you?"
Know where you are today
Save as much as you reasonably can
Avoid big mistakes
Hire a "real" financial advisor
Behave for a long, long time
12/ 7 Habits of Highly Effective People
Be Proactive
Begin with the end in mind
Put first things first
Think Win-Win
First seek to understand, then be understood
Synergize
Sharpen the Saw
Be Proactive
Begin with the end in mind
Put first things first
Think Win-Win
First seek to understand, then be understood
Synergize
Sharpen the Saw
13/ One Up On Wall Street
Everyone has the brainpower to pick stocks
Buy what you know
Buy in the 2nd, exit in the 7th
There's only 1 reason stocks go up
Don't predict stock market
Do the homework
If your right 60% of the time, you're doing great
Everyone has the brainpower to pick stocks
Buy what you know
Buy in the 2nd, exit in the 7th
There's only 1 reason stocks go up
Don't predict stock market
Do the homework
If your right 60% of the time, you're doing great
14/ My Total Money Makeover by @DaveRamsey
Save $1,000
Eliminate Debt
Build an emergency fund
Invest
Save for college
Eliminate mortgage
Give!
Save $1,000
Eliminate Debt
Build an emergency fund
Invest
Save for college
Eliminate mortgage
Give!
16/ There are TONS of other great books about money
I keep a list in my "Book recommendations" tab of my public investing checklist
https://docs.google.com/spreadsheets/d/1y8quPLqAwNsBGvNUrJuMTqVwz-P59ms1A8ZDLE8Dc24/edit?usp=sharing
I keep a list in my "Book recommendations" tab of my public investing checklist
https://docs.google.com/spreadsheets/d/1y8quPLqAwNsBGvNUrJuMTqVwz-P59ms1A8ZDLE8Dc24/edit?usp=sharing
17/ If you like these simple graphics,
I email them daily for free
Interested? https://brianferoldi.substack.com/
I email them daily for free
Interested? https://brianferoldi.substack.com/