tbc32 wrote:
both books are great when you're getting started... it's all about acquiring the right mindset. I would recommend these two books to anyone who has decided they want to start making changes in their lives.
This forum actually prompted me to go back and read the two books, here are a few of my impressions.
The Richest Man in Babylon. This book advocates sound financial principles. While it gives very few specifics on how to manage your money it does teach general concepts that, if applied, will assuredly help you on your road to riches. Another reason this book has been so successful is that it doesn't waste your time trying to sell you anything—it simply tells a story and gives financial advice in a clear concise way. This is a book you can easily read in a day or a weekend and is one you will want to return to periodically to review.
Who will benefit most from reading it: Anyone who values proven methods of wealth building—these are methods that work well over a long period of time, not quick fixes. You will benefit regardless of your current financial situation: in debt, starting to invest, already wealthy, etc. It is a good review for those who have already read other personal finance books and is a great starting place for those who haven't.
Think and grow rich is a great starting point for anyone who cares about accumulating riches. It focuses on the attainment of riches through an obsessive desire to achieve them using autosuggestion, faith, and knowing people who are smarter than you. It is worth reading several times and is a fantastic way to start thinking about wealth accumulation.
Who will benefit most from this book? Most people who are interested in becoming financially literate will get something out of this book. This is a great starting place for those who do not have a wealth accumulation mindset. This is a good review for those who are already working on accumulating wealth as well.