Looking for personal finance book recommendations. Have read Dave Ramsey but looking to branch out and read something by a widely-respected authority in the finance world. A friend recommended “I Will Teach You to Be Rich” but idk. TIA!

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Millionaire next door is okay and simple, bogleheads guide to investing was my favorite. Stay away from rich dad poor dad, that book is awful

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I should add a random walk down Wall Street as well

Step 1: Don’t let the money hit your bank account. If you never see it, you won’t think it is there to spend. You have to play mind games with yourself to change your behavior. If you are already good at general savings, I found Rich Dad Poor Dad to be very helpful in changing the way I view income and money which has changed a lot of my investment strategies.

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Mindset wise it’s okay in terms of being active in building your wealth but the examples he gives are just simply bad advice (dropping money into IPOs, tax liens, MLM schemes, to name a few)

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Don’t bother with anything that promises to get you rich quick. Spend less than you make. Save every month in something nice and boring like an index fund. Don’t let your lifestyle increase as fast as your pay. Limit your debt. I have very rich friends and it is hard not to compare. I also have house rich cash poor friends who will work til they die and friends that swung for the fences with investing and are broke at 60.

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R/Financialindependence

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