Top 10 Personal Finance Books

⚡️Book Thread⚡️

+ Best quotes

These ten books have ten different and powerful approaches to accumulating personal wealth.
1. Think and Grow Rich

”The object is to want money, and to be so determined to have it that you convince yourself that you will have it.”
2. Secrets of the Millionaire Mind

"The vast majority of people simply do not have the internal capacity to create and hold on to large amounts of money and the increased challenges that go with more money and success."
3. The Money Book for the Young, Fabulous & Broke

"You picked up this book because you are broke. Keep reading and you will discover what you need to know--and do--so you will not be broke forever."
4. Total Money Makeover

"What I have done is packaged the time-honored information into a process that is doable and has inspired millions to act on it."
5. The Millionaire Next Door

‘People whom we define as being wealthy get much more pleasure from owning substantial amounts of appreciable assets than from displaying a high-consumption lifestyle.’
6. The Science of Getting Rich

"No man can rise to his greatest possible height in talent of soul development unless he has plenty of money."
7. Your Money or Your Life

"Conditions have changed, but we are still operating financially by the rules established during the Industrial Revolution--rules based on creating more material possessions. But our high standard of living has not led to a high quality of life"
8. The Millionaire Fast Lane

"Show me a 22-year-old who got rich investing in mutual funds. Show me the young twenty-something who got rich clipping coupons. Where are these people? They don't exist."
9. Rich Dad, Poor Dad

"The key to financial freedom and great wealth is a person's ability or skill to convert earned income into passive income and/or portfolio income."
10. The Richest Man In Babylon

"Budget thy expenses that thou mayest have coins to pay for thy necessities, to pay for thy enjoyments and to gratify thy worthwhile desires without spending more than nine-tenths of thy earnings."

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Characteristics of a personal moat below:


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As Andrew Chen noted:


3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized

Things that might get commoditized over time (some longer than


4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.

After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.

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In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
“We don’t negotiate salaries” is a negotiation tactic.

Always. No, your company is not an exception.

A tactic I don’t appreciate at all because of how unfairly it penalizes low-leverage, junior employees, and those loyal enough not to question it, but that’s negotiation for you after all. Weaponized information asymmetry.

Listen to Aditya


And by the way, you should never be worried that an offer would be withdrawn if you politely negotiate.

I have seen this happen *extremely* rarely, mostly to women, and anyway is a giant red flag. It suggests you probably didn’t want to work there.

You wish there was no negotiating so it would all be more fair? I feel you, but it’s not happening.

Instead, negotiate hard, use your privilege, and then go and share numbers with your underrepresented and underpaid colleagues. […]