We spend lots of time reading here at RTS Financial Planning and therefore thought it would be a good idea to share with you some great books you can read in your summer holidays.
Top recommended summer reading
The Richest Man in Babylon by George S. Clason
A tiny little book but filled with a tale set in a time of chariots and traders. This book deals with the principles of how to build wealth – “the seven cures for a lean purse”. It reads a bit like a biblical tale which makes this book so unique. It’s an easy read and should be read by all children as they learn about money. If you stick to these principles you won’t go far wrong with money and will find financial freedom sooner rather than later.
The One-Page Financial Plan by Carl Richards
Carl is a successful Financial Planner in America and has written a few books around Financial Planning and also has a great podcast called Behaviour Gap Radio. What makes Carl so great is his ability to break down complicated financial ideas into simple words and pictures. He gets you to ignore all the ‘noise’ from the financial press and focus on what matters, the lifestyle you want and what you need to do to achieve it. This is something we really agree with.
Total Recall by Arnold Schwarzenegger
I’ve always loved Arnold’s films but like many people I just assumed he was all about the muscles and not much in the way of acting skill! What I found when I read this autobiography was how incredibly hard Arnold has worked all his life and what a shrewd businessman/investor he is. Did you know by age 21 he was Mr Universe and within 10 years was a millionaire before he made a successful film! He later became the leader of the 7th largest economy in the world. If only the US didn’t have this rule about being born in US he might have been president one day.
Smarter Investing by Tim Hale
For those of you who are looking to get a bit more involved in their pension/investment portfolios this book explains some sound principles for investment. This book is not about trying to find the next hot stock or get rich quick scheme (as discussed in our recent blog). It’s about sound investing tactics that focus on increasing the probability of you building wealth over the long term whilst minimising any losses. We use a lot of the principles contained in this book in our own investment recommendations to clients.
If you are keen to hear more great book recommendations then we have stacks of them and always recommend one in our monthly ‘Financial Freedom’ email. If you would like to sign up to receive this monthly directly into your inbox please complete the fields below.