Wholesaler · Philadelphia, PA · Member since 2016 · 124 posts · 81 votes
I'm a faithful listener of the BP real estate podcast. Can't get enough of it. Other than the super valuable advice and insights I gain from the show, I also learn about a ton of great books from the guests. What books are you reading? What are your favorites? I'm looking for more knowledge!
Rental Property Investor · Salt Lake City, UT · Member since 2016 · 53 posts · 24 votes
7y
I would say Rich Dad Poor Dad changed my mentality about investing the most the ones blow have helped in different ways, from thinking larger than life to working with a Virtual Assistant team over seas.
Rental Property Investor · Chattanooga, TN · Member since 2017 · 203 posts · 188 votes
7y
@Account Closed, truth! Just on the real estate/money side there are more than 2,300 verses dedicated to that. Roughly 15% of Jesus' preaching and 11 out of 39 parables are dedicated to it. I'd totally recommend a Bible study on money.
I struggle to say any other book really changed my life. I've picked up nuggets here and there but nothing was really earth shattering for me. I also read a management/leadership book a month on average so they all run together / repeat a lot of the same stuff. I think relationships and seeing how people put stuff into action has helped me more than anything. That's where I lean towards having a core group or a mentor type relationship. I get more out of someone being a sounding board for ideas or someone asking me thought provoking questions than reading. Reading helps but knowledge without action is where the rub is. I'm still a strong advocate for reading.
And lastly I'm just going to say it even though several people have thought I was nuts... I personally did not get anything out of Rich Dad Poor Dad. I'd go so far as to say I was disappointed in it. I also read it later in life after I was already in great financial shape so that probably has a lot to do with it. I guess by that time there was nothing new in it that I hadn't known, read elsewhere or already had in play. If I had read it in my late teens, early 20s it might have been better. In my research of his brand I heard some interesting stuff about the seminars affiliated that gave me pause. Now I skip over anything that is associated with him. But in full disclosure I have at least 7-8 books that are tied to his brand that I've read. And at this point it also makes me laugh at the people that get all up in arms that I don't agree with them in thinking it's earth shattering.
East Coast · Member since 2016 · 51 posts · 44 votes
7y
@Heath M.
Thanks for the reply and support Heath. Some of the regular go to books (like Kiyosaki) have good info but can be dangerous when misapplied or prematurely executed. I feel books and seminars can be helpful but are no substitute for working with an experienced investor who knows what to look for.
@Jan Govaerts My dad made us read this before we graduated from high school. It has been an invaluable and invisible guide throughout my life. Many times over 35 years I've thought, "You don't buy diamonds from a brick mason." I need to figure out how to require my kids to read it too.
Rental Property Investor · Torrance, CA · Member since 2016 · 724 posts · 1k+ votes
7y
@Franky Aikens
The slight edge - Jeff Olson (self discipline, don’t be apathetic about small things)
The Richest Man in Babylon - George Samuel Clason
(Fictional story that teaches the basic formula of wealth creation)
The Good Earth - Pearl S. Buck (Fictional story about a Chinese peasant that becomes wealthy buying land) Had to read this one in high school. One of the few books assigned that wasn’t a chore to get through, and that I actually remember.
I would say Rich Dad Poor Dad changed my mentality about investing the most the ones blow have helped in different ways, from thinking larger than life to working with a Virtual Assistant team over seas.
the ONE thing - Garry Keller
the 10X rule - Grant Cardone
Unlimited Power - Tony Robbins
4 hour Work Week - Tim Ferris
Traction - Gino Wickman
Profit first - Mike Michalowicz
@Alex Hively You've got some really good recommendations on here. I've read 3 out of the six you've listed (4 hour Work Week, 10X & The One Thing). Loved them all. Ive were to highlight one of the three, it would be The One Thing because it's applicable to everyday life and not just the world of business. That book seriously helped my decision making process and defragmented my world.
I'm definitely going to pick up the other three books you listed. Thanks a ton!
Wholesaler · Philadelphia, PA · Member since 2016 · 124 posts · 81 votes
7y
@Charles Carillo Wow! Thanks for sharing this extensive list! Which of them all do you feel gave you the best insights into becoming successful in your business? Very curious to know!
Specialist · Purcellville, VA · Member since 2015 · 1k+ posts · 841 votes
7y
Definitely Rich Dad Poor Dad, as it opened a door for me.
Also Tax Free Wealth by Tom Wheelright (another Rich Dad Poor Dad guy). He teaches you extremely important ideas about how to handle taxes. I’ve saved many many thousands of dollars by following his advice over the past several years.
Rental Property Investor · Westerly, RI · Member since 2016 · 80 posts · 59 votes
7y
@Franky Aikens in this order.......
4 hr. Work Week
Rich Dad Poor Dad
All of the BiggerPockets books
BRRRR- David Greene
Long Distance Real Estate Investing- David Greene
Let me explain.....The 4hr. Work Week shifted my mindset to get my mind away from everybody has to have a job and work 9-5
Rich Dad Poor Dad opened up my brain doors to understand what real estate investing actually was and that Real Estate is an investment you can control for the most part as long as you do your homework.
The Bigger Pockets books along with the podcasts and forums laid the foundation for all of my general knowledge in real estate.
BRRRR- by David Greene , I started reading this one because this was the investing strategy I decided would work our best for me over time. This strategy appealed to me the most and I have never read a book with more actionable items written inside. You can almost use this book as a direct checklist to start BRRRR'ing properties.
After I knew I wanted to BRRRR I realized that my local market in Rhode Island was not the best market to target BRRRR deals in so I started looking in the Midwest and in the South....This book again is full of actionable items and is another step by step checklist into acquiring long distance properties.
The next foundational books I will be reading are Tax strategy books, and if anyone can recommend any books to fill in any gaps they see in my book pipeline please let me know! I love recommendations.
Wholesaler · Philadelphia, PA · Member since 2016 · 124 posts · 81 votes
7y
OMG! Thank you so much to everyone!
What great recommendations. Keep them coming!
Below is a list of some of my favorite books. Most of them touch on behavioral insights that would help ensure success in life and business (which would include real estate). I'm fascinated with identifying the building blocks of success, which I believe, starts with perspective, skill sets, habits and spiritual awareness. I truly believe the road to achieving external success begins with having internal success within yourself.
Here's the list! Hope you all pick up some of these books.
Deep Work: Rules for Focused Success in a Distracted World by Cal Newport
So Good They Can't Ignore You: Why Skills Trump Passion in the Quest for Work you Love by Cal Newport
Investor · Cleveland, OH · Member since 2017 · 19 posts · 6 votes
7y
@Franky Aikens
Not sure if this book has already been mentioned, lots of comments.
“Mastery- The keys to success and long term fulfillment” by George Leonard was a game changer for me. We all know success doesn’t come overnight, and this book helped me in many ways in that regard. This ales helped me redefine what I thought was success.
The idea is that mastering anything from your relationships, to your career, or hobbies, ‘mastery’ is always a continuous path, and never a destination. You will spend most of your time in a plateau while attempting to master anything, and the idea is to enjoy that plateau for what it is. Relax and clear your head while doing the dishes. Turn the radio off and enjoy the noise of your car and the road while driving.
Just my .02 but the principles I’ve learned from this book have carried more weight than most other things I’ve enjoyed reading. Check it out of that sound interesting!