How to be a Property Goddess by Smita Talati

This is a guide for women who want to be home owners. It covers all aspects of home ownership from buying and home maintenance to selling, investing and renting homes. 

The New Frugality by Chris Farrell

This is another book which I purchased in order to educate myself on personal financing. Some things I learned from this book about how to be frugal with regards to investing:

• Keep fees razor thin
• Use dollar cost averaging which basically means putting the same amount of money into an investment regularly over a long period
• Rebalance your portfolio regularly
• You have to realise you can't consistently beat the market.
• Invest in index funds; don't bother with actively managed mutual funds.

Women & Money: Owning the Power to Control Your Destiny by Suze Orman

This is one of the many books that I read two months ago but failed to blog about until now.

I went out specifically searching for this book at my favorite discount bookstore, BookXcess, in Amcorp Mall. I guess it was my lucky day 'cause they had it in stock! In case you're wondering, the original price of the hardcover book which I purchased was RM99.90 but I got it for RM19.90 at BookXcess.

This is my very first Suze Orman book although I have watched her giving financial advice to women on Oprah numerous times in the past.

Women & Money contains loads of helpful financial advice. Suze wrote this book especially for women because many women are clueless when it comes to financial matters. She explains, for example, the difference between good debt and bad debt.  We hear people talking about good debt and bad debt often but do you know what they really are? Good debt is money that you borrow to buy an asset which will appreciate in value over time. Bad debt is money that you borrow not used to buy an asset. The ultimate example of bad debt is credit card debt. Going by this definition of bad debt, borrowing money to pay for a car loan constitutes as bad debt because a car doesn't appreciate in value! Now, isn't that an eye opener!

She covers a lot of areas in this book such as retirement investing, must-have documents, protecting your family and your home and the financial aspects of commitment which includes relationships/ marriage/ kids.

No doubt that many of the advice written in this book is for the American woman, but I found many of the advice useful as I only have to adapt the same concepts into my local context. It is about how to think about finances is what I take away. After acquiring the bigger idea, I can adapt what I learned to my day-to-day living.

In short, Suze asks women to imagine what's possible --- to imagine what life would be like when we make the choice to take control of our finances and not remain clueless. Power to women!

Make Money Not Excuses by Jean Chatzky

This is another book which I picked up at the last Big Bad Wolf warehouse sale.

This is a personal finance book written by a woman for women. Most women make excuses as to why they are not actively involved in the management of their money and what this book does is tell women to stop being passive and start taking an active interest in managing their money.

This book is full of financial advice that are do-able. She gives a breakdown on how you should funnel your expenses according to the various expense categories:
Housing               35%
Saving                 10%
Living                  25%
Transportation     15%
Debt Repayment   15%

Housing includes not just the mortgage payment for your home but also the cost of living there such as taxes, insurance, utilities and repairs.

Living expenses include things like clothing, food, donations, entertainment, gifts, travel, etc.

Transportation includes not just payment for your wheels but also gas, insurance and maintenance.

Debt Repayment are payments for debt which don't include payment for your home or your car.

There are also maps to a million throughout this book that illustrates how much you'd earn if you put in a certain amount of money away to invest each month and shows what the amount will be in 10, 20, 30 and 40 years' time.

For example, if you could save $10 a day, which is $70 a week, and you put it away to invest at 8 percent, it would be 55,615 in 10 years, 179,062 in 20 years, $453,069 in 30 years and $1,061,266 in 40 years. Amazing, huh?

I'm inspired to save!!!

And oh, by the way, she has a website (click on the link) where you'll be able to find more money advice.

I Will Teach You to be Rich by Ramit Sethi

To be honest, I had absolutely NO idea who Ramit Sethi was when I purchased this book. I only discovered that he's big in the US when I visited his website and youtube and found a bunch of his video clips which were aired on TV in the US.

This is a book which I stumbled upon in the last Big Bad Wolf Warehouse sale. I'm really glad I purchased it.

Okay, the title of the book is kinda corny, but the RICH in the title has more to do about having enough $$$ to lead a rich life doing what you love instead to being RICH in just the monetary sense.

This personal finance book explains in simple terms many things I didn't know before reading the book --- the difference between mutual funds, index funds, lifecycle funds, stocks and bonds, the importance of diversification, asset allocation, dollar cost averaging, etc.

He also offers a lot of common sense advice (but as you and I both know, common sense is not so common anymore) such as why you should have a credit card (it's not all bad, as many people think), the importance of having your investment portfolio diversified and typical asset allocations by age.

He even gives you a script for what to say when you call up your credit card company to negotiate with them for a late fee waiver (note: this is only if you've been paying your bills on time and have missed a due date once and not for repeat offenders!).

He also asks, "How you're going to spend your next $100?" --- now that's a question that forces me to think about how I've been spending my money and how I would like to change my spending habits to include my plans for my future.

I particularly loved the way all the information was presented in the book which made it enjoyable to read and not dry like most of the other personal finance books out there. This is a must have personal finance book if you're clueless.

Here's the first chapter of this book which is entitled Optimize Your Credit Cards (click on the link) which you can download FREE!!! My guess is that you'll be hooked once you've read the first chapter and will want to purchase the book.

the heart of success by rob parsons

this is another book that i purchased in the latest big bag wolf's warehouse sale last year. this book keeps you grounded on what's REALLY important and how to be a human being in business.

carolyn 101 by carolyn kepcher

this is a book which i purchased in popular's warehouse clearance in ikano recently.  i bought this book for RM 3!  

it offers some pretty useful advice for the corporate world.

You Call the Shots by Cameron Johnson

i picked up this book at popular 1-utama's book clearance sale for 70% its original price.  i remember seeing cameron on oprah's show called the big give.

i found this book certainly easy to read and inspiring.  he made 50 million selling beanie babies at 12 years of age!  

certainly a recommended read (and that coming from me, someone who hardly reads any business books because i find that they are mostly difficult to read!).

retire young retire rich by robert kiyosaki

i came across this book in the bookcrossing zone in 1-utama just before going on holiday.  i found a lot of things in this book that made A LOT of sense.  is someone trying to tell me something???