Right now is a very interesting time. OK, I know that is a duh statement. But, I don't say it because of everything we are having to do with the Wuhan Coronavirus, I say it because there are a lot of other things happening out there that people aren't paying much attention to.
Most people gloss over when they hear about the US Congress passing trillion dollar spending bills. That is TRILLIONs. Just to see it as a number - it looks like this: $1,000,000,000,000. There are 1000 billions in a trillion. Now, where does all that money come from? Most people, say, "We just print it!" But, what does that mean? And what does that mean for your life, your business, your future?
The short answer is that it is all debt - in fact, all dollars in the world are essentially debt. This has a big impact on you and your life and most people never educate themselves on the ramifications of all of this debt and the printing of more. More importantly, they need to prepare themselves to be ready for the future consequences of this debt and money printing.
Below are 5 Books I feel are important for everyone to read before the end of 2020 to help better take control of their financial future and understand money and finance in our world. Remember, whoever controls the money is in control.
1.) The Creature from Jekyll Island by G. Edward Griffith
This book is a comprehensive history of central banking in the world and ramifications of it. If you want to understand money and how it works - and how "we print money out of thin air," this book will educate you better than any. It reads like a mystery novel and the history is extremely well researched. It will blow your mind.
2.) Rich Dad, Poor Dad by Robert Kiyosaki
A classic that you may have read. If not, you should. In this book, you will learn by savers are losers and your house is not an asset.
3.) Cashflow Quadrant by Robert Kiyosaki
In my opinion, Robert's first two books go best read back to back. This book teaches you about how and where to build your wealth. (Hint: It is not as an employee).
4.) The Richest Man in Babylon by George S. Clayson
Personal finance is not taught in our schools. I happen to think it is deliberately not taught for a host of reasons - none of them good. This book, told in the form of a fable, gives you all the basics of personal finance you need. You can follow it up with some Dave Ramsey books if you want to go further.
5.) A Random Walk Down Wall Street by Burton Malkiel
This book covers it all and is great for beginners in investing. You can follow it up with the Intelligent Investor by Benjamin Graham.
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