Millennial Money – How Young Investors Can Build a Fortune by Patrick O’ Shaughnessy
I read Millennial Money How Young Investors Can Build a Fortune by Patrick O’ Shaughnessy – and learnt the following main points to help you build your balance sheet invest early and often and take advantage of compounding as the future generation will not have the luxury that their parents had in stable pension funds and…
Superhubs – How the Financial Elite & Their Networks Rule the World by Sandra Navidi
I read SUPERHUBS: How the Financial Elite and their Networks Rule Our World” by Sandra Navidi and found it to be a fascinating book – why do I say this – it is because the book explains how important it is to create a strong networks of influential people to help you achieve your…
How I am now managing my personal finances
I have now organised my personal finances as follows; Automated my bill payments Budgeted/categorised my expenses to enable automation Have my spending money clearly defined- like a mini Balance Sheet All my investments are automated Automated my kids savings plan Sweeping all the left overs to Acorns or similar low cost investment account So let…
Interesting Video that explains a good principle – spend interest not principle
Spend interest not capital
How The Economic Machine Works by Ray Dalio
Ray Dalio explains how the economy works
A Mind for Numbers How to Excel at Math and Science by Barbara Oakley
The reason I read this book is to gain an understanding of how best to teach accounting from principles learnt from studying maths or science – learning is generally the same and I am trying to find out what is the best method to teach I found A Mind for Numbers by Barbara…
Your Money or Your Life by Vicki Robin & Joe Dominguez
There were some valuable lessons I learnt from Your Money or Your Life by Vicki Robin & Joe Dominguez – the book covers 9 steps to achieving financial independence I will not cover all nine but would like to touch on those that are most relevant to building a strong balance sheet 1 Create…
The Dhandho Investor by Mohnish Pabrai ( The Low Risk Value Method to High Returns)
The Dhandho Investor book has many valuable lessons on how to build your Balance Sheet and Mohnish Pabrai describes the Dhandho investment approach which essentially creates wealth in a manner that minimizes risk and maximize rewards or simply put – when tossing a coin you would like to be in the following situation…
Guy Spier – Aquamarine’s Investing Principles
I received the Annual Report for the Aquamarine Fund which was sent to me by Guy Spier who is the managing partner of the fund. What I found very interesting about the report was a section which covered a set of principles which gives one great insights as to how the fund is managed as…
Cold Hard Truth on Men, Woman & Money by Kevin O’ Leary
I reviewed the book Cold Hard Truth on Men, Woman & Money by Kevin O’ Leary and learnt some really good points to help build a balance sheet and help our kids with very important lessons. Kevin who is a wealthy entrepreneur and appears on Shark Tank goes through lessons that he believes to be…
The Education of a Value Investor by Guy Spier
I have just read this wonderful book called The Education of a Value Investor by Guy Spier and have found some really valuable lessons from this book especially to teach to our kids The following is a brief summary of what I got from this book surround yourself by people who have the values…
Reading Financial Reports for Dummies Book Review
I read the Reading Financial Reports for Dummies by Lita Epstein and found it extremely helpful in understanding the basic concepts about financial statements especially the Balance Sheet and Income Statement as well as many other concepts related to reading and understanding financial statements The key concepts that I would like to share from this book…