{"id":2733,"date":"2016-07-14T22:50:56","date_gmt":"2016-07-14T22:50:56","guid":{"rendered":"http:\/\/college.agrilife.org\/financialplanning\/?p=2733"},"modified":"2017-03-31T19:49:38","modified_gmt":"2017-03-31T19:49:38","slug":"summer-reading-financial-planning-go-to-reads","status":"publish","type":"post","link":"https:\/\/college.agrilife.org\/financial-planning\/summer-reading-financial-planning-go-to-reads\/","title":{"rendered":"Summer Reading: Financial Planning Go-To Reads"},"content":{"rendered":"

by Abby Hendricks ’18<\/strong><\/p>\n

Students oftentimes ask what books would be beneficial to read to advance their understanding of personal finance and financial planning. The books listed below are not a comprehensive list, but give students an awesome exposure to topics such as the basics of human behavior all the way to advanced financial planning.\u00a0 Let us know if there are books you would add to the list!<\/p>\n

Personal Finance Basics<\/strong><\/h3>\n

The following books are a great introduction to the basics of personal finance, human behavior, and investing.<\/p>\n


\n\"RichDadPoorDad\"Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!<\/strong><\/em>
\nby Robert T. Kiyosaki<\/p>\n

Robert Kiyosaki articulates his story of the two dads in his life: his \u201crich dad\u201d and his \u201cpoor dad.\u201d This book explores the myth that \u201cyou need to earn a high income to be rich.\u201d Understand the difference between working for money and your money working for you through the exploration of two different parenting styles.<\/p>\n

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\"Rule#1\"Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week!<\/strong><\/em>
\nby Phil Town<\/p>\n

Phil Town was not always a man of wealth, but discovered that a wealth of knowledge can lead to financial wealth. In his book, he discusses the rules and methods he used to equip you with the knowledge you need to invest your money.<\/p>\n

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\"BehaviorGap\"The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money<\/strong><\/em>
\nby Carl Richards<\/p>\n

Are you someone who allows emotion to cloud your vision of smart financial decisions? Do you want to understand the \u201cbehavior gap\u201d between what we should do and what we actually do? Read Carl Richards book to rethink situations where your emotions are getting in the way of your spending.<\/p>\n

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\"CommonSense\"The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns<\/strong><\/em>
\nby John C. Bogle<\/p>\n

Bogle will change the way you think about investing. It is all about \u201ccommon sense.\u201d Read all about index investing and how simple successful investing truly is with Bogle by your side.<\/p>\n

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\"Millionaire\"The Millionaire Next Door: The Surprising\u00a0<\/strong><\/em>Secrets of America\u2019s Wealthy<\/em><\/strong>
\nby Thomas Stanley and William Danko<\/span><\/p>\n

Ever wonder how millionaires generate so much wealth? Stanley and Danko give incredible insights into the millionaire mindset. A little teaser, they don\u2019t live in luxury homes or drive expensive cars! This book discusses being economical, goal-oriented, planning your financial future, and even how to negotiate a car deal.<\/p>\n

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\"MasterYourMoney\"The New Master Your Money: A Step-by-Step Plan for Gaining and Enjoying Financial Freedom<\/strong><\/em>
\nby Jeremy White, Ron Blue and Charles Swindoll<\/p>\n

This book provides you with insight on how to avoid the most common financial mistakes, apply biblical principles, save, invest, and give money more wisely, plan for taxes and get out of debt. Help yourself create a plan that works for you. You\u2019re the \u201cMaster\u201d of your money.<\/p>\n

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\"Babylon\"The Richest Man in Babylon\u2014Six Laws of Wealth<\/strong><\/em>
\nby Charles Conrad<\/p>\n

Take yourself back in time to learn the essentials of finance through the \u201cancient Babylonians\u2019 timeless secrets.\u201d Don\u2019t worry about complicated messages; Charles Conrad demonstrates a clear concept on how to get out of debt, choose investments wisely, how to increase earning power and much more.<\/p>\n

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\"YourMoneyYourLife\"Your Money or Your Life<\/strong>
\n<\/em>by Vicki Robin and Joe Dominquez<\/p>\n

This book is perfect for millennials looking for a framework on how to get out of debt, how to reorder your material priorities, how to live well for less, how to resolve conflicts between your values and your lifestyle, and how to save the planet while saving money.<\/p>\n

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Advanced financial planning, investing, and practice management<\/strong><\/h3>\n

We suggest these books for a deeper understanding of advanced financial planning, investing, and practice management:<\/p>\n

\"GenSavvy\"Gen-Savvy Financial Advisor<\/em> <\/strong>
\nby Cam Marston<\/p>\n

Ever wonder about how the different generations handle finances differently? This book explains the different guidelines, techniques, and sayings to use with your changing financial industry clientele.<\/p>\n

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\"GettingNaked\"Getting Naked: A Business Fable About Shedding The Three Fears That Sabotage Client Loyalty<\/em> <\/strong>
\nby Patrick Lencioni<\/p>\n

This volume offers knowledge on how to gain competitive advantage in tough times, shows why vulnerability is so important and gives ideas on how to inspire client loyalty. Learn how to gain a lasting competitive gain with this addition to the Lencioni series.<\/p>\n

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\"PracticeMadeMorePerfect\"Practice Made (More) Perfect: Transforming a Financial Advisory Practice Into a Business<\/em> <\/strong>
\nby Mark C. Tibergien and Rebecca Pomering<\/p>\n

This book is perfect for individuals needing advice on how to prosper in the financial advisory business and how to handle the latest meltdowns in the office. Do you need advice? Read this book and gain new ways to handle anything that might bombard you in the workplace.<\/p>\n

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\"IntelligentInvestor\"The Intelligent Investor: A Book of Practical Counsel<\/em> <\/strong>
\nby Benjamin Graham, Jason Zweig, Warren E. Buffett<\/p>\n

If you are an investor, learn how to develop long-term strategies to become comfortable later on. This is important to indulge in if you want to make your investments a success. Author, John Train, states, \u201cThe Intelligent Investor<\/em> is the best book ever written for the stockholder.\u201d<\/p>\n

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\"TrustedAdvisor\"The Trusted Advisor<\/em> <\/strong>
\nby David H. Maister, Charles H. Green and Robert M. Galford<\/p>\n

The importance of gaining the trust and confidence of clients is discussed continuously through experiences and examples of success and defeat. See if you can relate and what you can do better with your clienteles.<\/p>\n

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\"ThinkingFastAndSlow\"Thinking, Fast and Slow<\/em> <\/strong>
\nby Daniel Kahneman<\/p>\n

Explore the two methods that inspire the way we think. Learn how we think and how to avoid the \u201cmental glitches\u201d that often guide us to make the wrong decisions.<\/p>\n

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\"NewWealthManagement\"Wealth Management: The Financial Advisor\u2019s Guide to Investing and Managing Client Assets<\/em>\u00a0<\/strong><\/p>\n

by Harold Evensky, Stephen M. Horan, Thomas R. Robinson, Roger Ibbotson<\/p>\n

This book discusses Harold Evensky\u2019s policy, which is designed to account for each client\u2019s individual goals and constraints. Don\u2019t think all of your clients are the same; learn to keep them separate through recommendation given in Evensky\u2019s policy.<\/p>\n

What books are you reading this summer? Let us know in the comments below.<\/p>\n

\"ReadingQuote\"<\/p>\n