My Book List for Building Asset and Achieving FatFIRE
“Money is a great servant but a bad master.” — Francis Bacon
“Contrary to popular wisdom, knowledge is not power — it’s potential power. Knowledge is not mastery. Execution is mastery. Execution will trump knowledge every day of the week.”
“Formal education will make you a living. Self-education will make you a fortune.” — Jim Rohn
Foundation and Mindset
- <Tools of Titans> — Timothy Ferriss
“The secret to wealth is simple: Find a way to do more for others than anyone else does. Become more valuable. Do more. Give more. Be more. Serve more.” ― Tony Robbins
“Money is nothing more than a reflection of your creativity, your capacity to focus, and your ability to add value and receive back.” ― Anthony Robbins
“Remember this: anticipation is the ultimate power. Losers react; leaders anticipate.”
- <Money: Master The Game> — Tony Robbins
Middle class focuses on saving… World class focuses on earning.
The middle class sees hard work as a badge of honor. The world class sees success as a more important badge of honor.
“People with leverage have dominance over people with less leverage. In other words, just as humans gained advantages over animals by creating leveraged tools, similarly, humans who use these tools of leverage have more power over humans that do not. Saying it more simply, ‘leverage is power’.”
“A man with a surplus can control circumstances, but a man without a surplus is controlled by them, and often he has no opportunity to exercise judgment.” — Harvey Firestone
- <How Rich People Think >— Steve Siebold
“In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.”― Robert T. Kiyosak
- <Rich Dad Poor Dad>
“Good health, longevity, happiness, a loving family, self-reliance, fine friends … if you have five, you’re a rich man….” ― Thomas J. Stanley
Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and, most of all, self-discipline.
- <The Millionaire Next Door>
Real Estate and Tax Strategy
- <Aggressive Tax Avoidance for Real Estate Investors> — John T. Reed
- YouTube Channel of my real estate attorney and CPA: https://www.youtube.com/c/MarkJKohler/
Portfolio and Diversification
“Never test the depth of the river with both feet. — WARREN BUFFETT”
- <The Art of Asset Allocation>
Good decisions come from experience. Experience comes from making bad decisions.— Mark Twain
Because of the average person’s unwillingness to accept full responsibility for his or her results, they are eager to criticize society’s most successful in an effort to minimize their achievements and justify their own mediocrity. — Siebold, Steve
“If you’ve got a billion dollars and you’re ungrateful, you’re a poor man. If you have very little but you’re grateful for what you have, you’re truly rich.” — Sir John Templeton
“In the end, winning is sleeping better.” — Jodie Foster
