The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
After reading this book you will secretly feel sorry for anyone driving to work in a V8 Land Rover or Hummer, especially so if you happen to find out the vehicle is leased. You will hear your neighbor complaining that after 30 years of working and saving who can possibly retire with the markets like they are today, and wonder how much they have truly saved. If you want to avoid this feeling I suggest avoiding this book.
Living on less than they make, avoiding debt, buying cars by the pound, and encouraging their children not to become dependent on their parents are some of the principles adopted by the “Millionaires Next Door”. They are not the people you would expect to be wealthy, because they live below their means and do not over-consume.
Economics Explained: Everything You Need to Know About How the Economy Works and Where It’s Going
From explaining the differences between Karl Marx, Adam Smith, and John Maynard Keynes to showing where the money you save/invest actually goes, the authors of this book do their best to present economics in a way that is easily understandable to someone without an economics background. They tackle politically charged topics like the role of government in the economy in a surprisingly rational way, presenting both sides of the argument and where the rhetoric does and does not line up with reality (turns out neither side gets it all right). If you are looking to better understand basic economic principles and how they affect your life, this is a good book to start with.