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Jul 24 19 tweets 7 min read Twitter logo Read on Twitter
16 highly effective investing and money books.

These are the key ones that will help you get your financial shit together: Image
1. MINDSET Books

Getting your head straight on how to build wealth is step #1 in your journey.

Secrets of the Millionaire Mind
Before you can become a millionaire, you have to think like one.

Here’s a thread I wrote on the book:
The Millionaire Fastlane
MJ DeMarco made his first million at 31.

Multi-millionare at 33.

Retired at 37.

He believes you can Get Rich Quick.

Thread I wrote on the book:

Rich Dad Poor Dad (and Cashflow Quadrant)

You’ve heard of the book.

It gets recommended a LOT.

For me the importance of buying assets and not stupid crap hit home.
Plus the importance of your cash flow, not net worth.
amzn.to/3rIoKDH
How to Get Rich
Love this book.
Read the pinned thread on my profile about the book.

He’s sick in the head, but was fabulously wealthy & a party animal.

Not “how to live your life” advice, but a kick in the head to think differently / beyond your 9-5.

2. PERSONAL FINANCE Books
Millionaire Next Door

1 Live well below their means
2 Financially literate
3 Prioritize FI over social status
4 Don’t economically support adult children
5 Kids are self-sufficient
6 Market opportunists
7 Choose great careers
amzn.to/44DF6fk
Stop Acting Rich

Goes one step further on living below your means than MND.

Details how millionaires actually spend their money.

I adopted their frugal mindset and invested as much $ as possible.
amzn.to/47dWEjU
The Automatic Millionaire

Helped me get over my shopping and spending habits.

Teaches you the power of saving as much as you can to become a millionaire.
amzn.to/3Y1Hp9v
Early Retirement Extreme

This book smashed me in the face.

It made me realize that your savings rate is one of the most powerful numbers to keep track off.

If the idea lof-sufficient, minimalist lifestyle appeals t you, read this:
amzn.to/3OdiZFE
I Will Teach You to Be Rich
If you asked me for one book on how to manage your personal finances, invest, etc, I would hand you this book.

Enough said.
amzn.to/3Y4aYqQ
3. STOCK INVESTING Books

100 Baggers - @chriswmayer
LOVE this book. If you’re a stock picker, just freaking buy it.

He shows you the power of finding stocks that 100x your money.

It’s not easy, but the payof is HUGE!
amzn.to/43DOxKn
@chriswmayer Warren Buffett and the Interpretation of Financial Statements
Worth reading to learn how to analyze financial statements.

They cover a high level overview of how Warren values companies.

Former daughter-in-law is the co-author.
amzn.to/43GY2bH
@chriswmayer The Warren Buffett Portfolio

I have read a dozen books on Uncle Warren.

This was the first that clicked for me.

It takes you through his investing philosophy with examples.

It’s a bit dated in terms of examples, published in 1999, but I love it.
amzn.to/45gD4Sn
@chriswmayer 4. INVESTING HABITS Books

I don’t know what to call these 3 gems, but after I built up my portfolio, had kids, career, family, etc, I went looking for something more.
@chriswmayer Just Keep Buying - @dollarsanddata

Nick backs up everything with data and
He gives compelling arguments:
• Why you need to save less than you think
• Use The 2x Rule to Eliminate Spending Guilt
• Debt Isn’t Good or Bad, It Depends on How You Use It
amzn.to/46ZCwSm
@chriswmayer @dollarsanddata The Psychology of Money - @morganhousel

Another smash bestseller. You probably have heard about the book.

If not, buy and read it. You’ll learn how emotions drive a lot of our money behavior.

Here’s a thread I wrote on the book.

@chriswmayer @dollarsanddata @morganhousel The Simple Path to Wealth

A great book to end this list on.

It shows you
• The power of long-term investing
• Why index funds make the most sense
• How to keep your finances and life simple
amzn.to/3OuwRN6
@chriswmayer @dollarsanddata @morganhousel Note: I’m PISSED there is just one woman on the list of books that influenced my financial journey.

Not acceptable, but these were the books I found, read, and transformed my life.

I will not lie to you and show you a different list, so...
@chriswmayer @dollarsanddata @morganhousel These are the amazing books that I love, love, love from women authors:

• Money Honey
• Broke Millennial
• RISE (career book)
• Get Good with Money
• Quit Like a Millionaire
• Your Money or Your Life (can’t find it) Image

• • •

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More from @fmarciano

Jul 21
28 Ways to Guarantee Poverty by @AlexHormozi

A year ago Alex posted an epic list of one-liners.

Then he expanded on the ideas in a video.

Here’s all 28 with my added commentary (so you don’t stay poor).

Plus, a bonus reminder in tweet 2 below: Image
@AlexHormozi 1. Start tomorrow

• We like to put off the important for the urgent.
• We choose comfort over discomfort.

Alt: Build the habit of doing things now.

His new book $100M Leads comes out next month.

Register for the FREE webinar on Aug 19th:

acquisition.com/leads?url=100m…
@AlexHormozi 2. Read books. Do nothing.

• I was guilty of this for so long. My bookshelf got full. My life went nowhere.

Alt: Balance content consumption with conscious action.
Read 30 tweets
Jul 20
Tony Robbins’ mentor was Jim Rohn.

Jim’s mentor was Earl Shoaff.

He's the guru behind the guru's guru.

These 17 quotes are the real deal.

Read them.

Live them.

Watch as they transform your life:

1. “Don’t wish it was easier, wish you were BETTER.”
2. “To have more, you’ve got to BECOME MORE.”

3. “DISCIPLINE is the bridge between goals and accomplishment.”

4. “Work harder on YOURSELF than you do on your job.”

5. “Don’t wish for less problems, wish for MORE SKILLS.”
6. “Success is something you attract by the person you BECOME.”

7. “This is not all the company pays – it’s all they pay YOU!”

8. “PROFITS are better than wages.”
Read 8 tweets
Jul 19
Someone asked me for top tips on building wealth.

Thought I'd share with you.

39 short wealth hacks with a massive return.

How many do you do?

0. Live below your means - at every income level. The ultimate wealth hack.

1. Marry the right partner - they can build or bust you!
2. Save at least 20% of your income monthly - start with whatever you can.

3. Track your expenses meticulously - know where your money goes.

4. Diversify your investments - don't put all your eggs in one basket. Not every stock is $APPL.
5. Avoid impulsive purchases - pause before you buy.

6. Negotiate for better deals - don't settle for the sticker price. Always ask "is that the best you can do?"

7. Invest in experiences; don't buy many material possessions - experiences last a lifetime and provide more joy.
Read 16 tweets
Jul 18
Why do some people get paid more and promoted faster?

Lessons from 30 years in the corporate world:

1. Don't micromanage - Any asshole can do this and is replaceable.

2. Don’t gossip - It will bite you in the ass & drag you down to the underperformers level.

Sorry about #3🧵
3. Make your boss’s life easier - You'll get the biggest raises and praise come review time.

4. Deliver impactful results - Talk is cheap. Bring value, always.

5. Prioritize the important tasks - Focus on the 20% that generates 80% of the results. Avoid busywork.
6. Know your worth - Know the market rate for your role inside & outside the company.

7. Stack your skills - Develop your own unique superpower. This increases your marketability.

8. Seek out feedback - Use it as a tool for growth and improvement.
Read 20 tweets
Jul 17
Awake for hours.

My family, sound asleep.

The ocean waves are crashing.

I am so blessed & grateful for my life.

Here are some lessons that might help you live your best life.

1. When someone says "just kidding" they're not.

2. A divorced, overweight billionaire is broke.🧵
3. Your mother loves you more than anyone in the world.

4. "Retirement is when you stop sacrificing today for an imaginary tomorrow. When today is complete, in and of itself, you're retired." - Naval

5. Travel while you're young. You're young right now.
6. Those ahead of you are not better than you; they're just in a different life stage.

7. If someone has done something, you can copy their blueprint.

8. You shouldn't be handing out life advice if your parents still pay your phone bill.
Read 19 tweets
Jul 13
I started investing when I was 19.

I’m 49.

Here’s every major lesson I learned, latest to the first in my 30-year career:

1. If you’re standing at a urinal, don’t look over at another man’s:
Portfolio.

Background: In January 2021, my portfolio was soaring.

I thought I was hot shit.

Then some big account posted about his 140% gains for the month.

You read that right.

TL;DR - He was into options and leverage.

And so I made a mistake….
Learned about options, used leverage (more about both in a moment).

I had some monster gains for months.

It was like a casino, but I was playing with house money.

November 2021 came and it all crashed on me.

I licked my wounds and went back to the basics.
Read 18 tweets

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