Best Books on Money, Personal Finance and Investing

What are the best books that you’ve read about money, personal finance and investing? I recently asked this question as a straw poll of friends (Facebook) and business associates (LinkedIn) generated the list below. Hopefully you find this list of best books on money, personal finance and investing helpful.

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The Power of Public Commitment

Why does writing something down make us more likely to do it?

Robert Cialdini discusses this in this in his book, “Influence.” His research shows that humans have a desire to be perceived as consistent. If we publicly commit to do something and then act differently we can be seen as hypocritical or untrustworthy.

Writing something down is a public commitment of sorts. When you’ve written a goal you don’t have the luxury of “forgetting” the goal or of modifying it in your mind at a later time. Writing down your goal will engage your subconscious to act in ways that are consistent with that goal.

There’s a big group of people that advocate for SMART goals. SMART stands for Specific, Measurable, Achievable, Results-Focused and Time-Bound. I think this is a great framework for goal setting. The power of a SMART goal is that you can imagine yourself accomplishing the goal. You can get a mental picture of yourself achieving the goal.

Maybe this is the first time you’re hearing about this idea. Test it out. Write a goal on a piece of paper and put it somewhere that you’ll see it everyday. Even better, tell your friends about the goal.

My wife and I have had great success in accomplishing the goals that we’ve written down. Maybe it is time for me to write a new goal…

Blogging Too Little

The problem with blogging too little is that you don’t give yourself enough “at bats” to become a great blogger.

Over time I’ve started and stopped blogging many times. I’ve been critical of the things that I wrote. I’ve deleted or hid many blog posts from the past.

There’s a certain fear that some blog posts aren’t “good enough.” If the post isn’t good enough then somebody that reads it may never come back again.

Unfortunately, this limited way of thinking has been paralyzingly. Instead of writing, editing and getting better I’ve stopped writing altogether. 

I aim to blog more. I read a lot of blogs. I read a lot of books. I watch a lot of YouTube videos. I have things to say about them and I’d like to start doing a better job of sharing them.

If you’re reading this I have one request for you. Be patient with me. My writing isn’t perfect. I haven’t narrowed my focus to a specific niche/topic yet. However, I’m making an effort to do this more frequently and I hope that you reap the rewards of my labor.