WHAT ARE YOUR FAVORITE BOOKS??

Hi All,

Just finished M. Yardneys book tilted “Grow your million dollar portfolio in your spare time”, and found it one of the most informative and easy to read books I have read on P.Investing.  As a novice Property investor whose read a number of investing books I found Michaels by far the best. Half way through the book I sent the wife to the book shop to purchase his second book, and am looking forward to starting it.

My favourite to date are two books by Peter Spann – Wealth Magic, and  $10,000,000 Million Property Portfolio in just 10 Years because of they made me realise that almost anyone can turn their financial situation around and motivated me to learn more. I have been to a couple of his intro nights which were good and will attend a weekend workshop later this year.

I have read quite a few of the others already mentioned but some aren't that useful on a practical level but help open your mind to new ways of thinking – which in itself makes a book worthwhile.  There's nothing sadder than being trapped by your own mental cage.

Steve McKnigh's $1,000,000 in Property in 1 Year was interesting but lacking in practical detail.  Although the practical details were obviously not part of the scope of that book but it was still a worthwhile read because it shared the growth, challenges and triumphs of other first timers. 

John L Fitzgerald's Wealth From Scratch was very useful because of the practical exercises which makes  you take ACTION and gave me knowledge that increased my confidence that yes, my partner and I could do it.  We have our own home and settlement on our first IP will occur in three weeks – which will be a WOO HOO moment for us.  One down, how many more to go??

re: Rich Dad Poor Dad – there is a lot of evidence that Richard Kiyosake pretty much made up most of the stuff in the book, and had minimal financial success until his ventures into writing books on how to get rich.
See:
http://www.johntreed.com/Kiyosaki.html
http://www.thesimpledollar.com/2007/01/26/deconstructing-robert-kiyosaki/
http://en.wikipedia.org/wiki/Rich_Dad,_Poor_Dad
http://www.slate.com/?id=2067175

hi, wish i'd read steve mcknight earlier – got it in dec 2005 after an argument with my sister who thought i was risking too much. based on steve's 2nd book , i found my position far too conservative & proceeded to increase my exposure to around 58% LVR. the properties exploded & yielded 45% in 2006-2008

i ran out of books to buy! i bought them all & don't even bother with discounts. get enough with the tax deductions.

the most inspiring albeit a bit outdated is 'ordinary millionaires'. all the strategies are in that simple little book.

geoff doige is exteremely funny.

an older book i found in the national library should be required reading in any uni curriculum. it's called 'missed fortune 101'

all young people including my high income niece should read it. there's a section on arbitrage that is the cornerstone of any wealth creation.

happy reading,
KY

I've read Rich Dad Poor Dad and I had a general feeling of unease about it. The John T Reed website sums up all my thought perfectly about that book. Don't get sucked into the hype! think carefully while reading.