I believe that the right book at the right time has the power to change your life. As an avid reader myself, I’ve consumed many books over the years on the topics of money, personal finance, and investing. So this week, I’m sharing with you my must read personal finance books. 

Today, I’m sharing with you the book that every high school and college student should read, but also a book that you’re never too old to read and learn from. 

The Millionaire Next Door. This book, first published in 1996 is a timeless classic. It asserts that the typical American millionaire family “bargain-shops for used cars, raises children who don’t realize how rich their families are, and reject a lifestyle of flashy exhibitionism and competitive spending.

That’s the very behavior that made them wealthy in the first place. For the vast majority of millionaires, their wealth didn’t come from winning the lottery or from a trust fund or inheritance. Instead their wealth was amassed slowly over time by hard work, living below their income, a commitment to saving, and self-discipline. 

In our hedonistic culture where the vast majority of Americans live the YOLO lifestyle and spend their money on clothes and lattes instead of saving and investing their money, we all need to keep the message of this book in mind. 

This book is encouraging because you are already equipped with everything you need to build wealth and change your life. And you can start today. 

The other thing I appreciate about the book other than it’s comprehensive study of actual millionaires and their habits is that the lessons in the book are practical. The authors distill their study of millionaires into 7 habits and common traits that each of us can learn from and apply in our own lives. 

So if you’re not where you want to be financially, pick up this book. 

I’ll link to the book in the show notes >> https://www.amazon.com/Millionaire-Next-Door-William-Danko-ebook/dp/B00CLT31D6/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=

By the way, you can buy this book for really cheap used, $5 if you have a Kindle, or you can read it for free if you subscribe to Kindle Unlimited. 

That’s it for today. Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip. 

----------

>>> Subscribe on iTunes: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Check out our blog: https://truenorthretirementadvisors.com/blog/

----------

Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance, wealth management, fee only financial advisor, financial planner, best books to read, best investing books of all time, best investment books, best finance books, best finance books of all time