ilmscore | 6 life-changing personal finance books you MUST READ in 2023

6 life-changing personal finance books you MUST READ in 2023

Published: 2022-12-11
Status: Available | Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
The core principle of 'I Will Teach You To Be' is that managing the money one keeps and how it's utilized is more impactful than the amount earned.
"I will teach you to be the whole premise of this book is that it's not about the money you make it's about the money you keep and what you do with that money that will really make a difference."
Personal Finance Books
Pending
The traditional retirement age of 65-70 is questioned, advocating for spreading retirement years throughout life via 'mini-retirements'.
"Why should we be working until we're 65 70 when we can't even enjoy that money will have the ability to enjoy that money as much but instead take those 20 30 years after retirement and spread them throughout our life instead he calls us mini retirements."
Retirement Planning
Pending
The 'new rich' lifestyle is characterized by automated passive income streams, enabling flexibility in work location and hours. The book provides practical steps to create these streams.
"he explains how the new Rich generally have Auto automated streams of passive income that allow them to work as much as they want or as little as they want from anywhere they want to work from and in this book he includes a lot of practical steps for creating passive income streams that allow you to live the new Rich lifestyle."
Passive Income
Pending
A key distinction in wealth building is that the wealthy acquire assets that generate income, while the poor and middle class acquire liabilities.
"the wealthy the buy assets whereas the poor and the middle class by liabilities liabilities cost money to buy and they cost money to maintain whereas on the other hand every dollar you invest into an asset becomes an employee that is working for you when you're not working."
Wealth Building
Pending
The book 'Lean In' offers advice for climbing the corporate ladder, encouraging ambition, risk-taking, and seeking leadership roles, applicable to both women and men supporting partners.
"This book provides a lot of advice on how to climb up that corporate ladder and encourages women to take more risks be more ambitious in the professional goals gain confidence demand more and generally gun for those leadership positions."
Career Advancement
Pending