December 13, 2009

Some Good Books

Here is a summary of some of the good books that I've read. I would recommend these books myself. They cover different finance related topics and theres likely to be something here appropriate for most everyone:

The Unofficial Guide to Real Estate Investing is a very comprehensive introduction to investing in real estate. The book covers everything from valuing properties, buying and financing, tax implications and 1031 exchanges all the way through being a landlord.

The Insider's Guide to Buying a New or Used Car is a complete guide to buying either a used or new car. They discuss topics such as : researching cars, getting loans, doing a trade in, test drives, figuring dealer costs, buying tactics, countering the dealers sales pitch, and good and bad negotiating tactics. There are a lot of good tips on negotiating sales and I think that's the section I got the most out of.

Investing for Dummies by Eric Tyson. Reading a Dummies book doesn't mean you're literally a dummy. Topics include overview of different types of investments, discussion of risks and rewards, stocks, bonds, mutual funds, real estate and small businesses. The book does a good job of pointing out things to avoid and giving tips on various topics.

The Complete Idiot's Guide to Getting Rich is focused on obtaining and growing wealth. Don't let the title throw you, its not a get rich quick scheme. The book covers all the phases of wealth building and I particularly like their 5 stages of wealth.

The Millionaire Next Door is mostly statistics on millionaires. I found it a very interesting read but honestly it doesn't have too much along the lines of advice or plans to help you. The book does a great job of laying out the case for how people who live below their means have the best shot at wealth.

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