Debt Free Living: Recommended Reading

It’s Turkey Week!

I know a lot of you will be hanging out with family and exchanging wish lists for Christmas, so here are some books I recommend from the personal finance side of things:

If you invite me to your wedding, you get this book and something from your registry.
The Total Money Makeover: A Proven Plan for Financial Fitness
More than Enough: The Ten Keys to Changing Your Financial Destiny

These three books were written by Dr. Thomas Stanley. Dr. Stanley did some research and basically discovered that your average millionaire drives an 8 year old car, lives in a blue collar neighborhood, and buys his jeans at Wal-Mart. My biggest takeaway from this series was that they will look at the total cost of ownership rather than the up front cost and base pretty much all their decisions on that. There is a story about an antique dining room table that cost $10,000, but it was appreciating in value. In 50 years it would still be around for the great-grandkids and be worth more than they paid for it.
The Millionaire Next Door
The Millionaire Mind
The Millionaire Mind

This one is where I first heard the phrase “Pay yourself first.” It’s written as a fictional story rather than a non-fiction battleplan, but it’s a good resource.
The Wealthy Barber, Updated 3rd Edition: Everyone’s Commonsense Guide to Becoming Financially Independent

This is a classic. Written in 1926 by George Clason, it covers the basics of getting out of debt and building wealth using characters from several thousand years ago. I have this as an audio book and listen to it about twice a year.
The Richest Man in Babylon

By purchasing from those links, you also help support my work here!
Or, you can buy my something from my Amazon Wish List 😀

If you’re looking for something to distract you from Aunt Edna’s story about her latest kidney stone woes, here is the thread on mp3car.com where I basically liveblogged getting out of debt. It’s 42 pages long.

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