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The richest man in Babylon by George S. Clason
Read more: The richest man in Babylon by George S. ClasonDear daughter, Today I want to write to you about an awesome book that was published for the first time in the 1920s: The richest man in Babylon by George S. Clason. The author of this book shares the “secrets” of financial success as a story. Interesting enough, these “secrets” are evergreen. What some call…
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Cashflow quadrants: Guide to Financial Freedom by Robert T. Kiyosaki
Read more: Cashflow quadrants: Guide to Financial Freedom by Robert T. KiyosakiDear daughter, another great book that teaches you about money is Rich Dad’s Cashflow quadrants: Guide to Financial Freedom by Robert T. Kiyosaki. This book, like others from the same author, is about teaching financial literacy. As I told you before, it is extremely important to be financially literate. The more knowledge we have about…
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The $100 startup by Chris Guillebeau
Read more: The $100 startup by Chris GuillebeauDear daughter, The book “The $100 startup” by Chris Guillebeau is, in the words of the author, for those who take action and for those who inspire. Have you heard that to start a business you need a lot of money? Long business plans? Have everything clear and planned before starting? In his book, Chris…
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The total money makeover by Dave Ramsey: 7 baby steps
Read more: The total money makeover by Dave Ramsey: 7 baby stepsDear daughter, today I want to show you a summary of the book “The total money makeover” by Dave Ramsey. I’m following his advice to be financially free. In his book, Dave Ramsey recommends following 7 baby steps. The steps were created by him, using the knowledge he gained from his personal life, interviewing real…
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Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert Kiyosaki
Read more: Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert KiyosakiDear daughter, Today I want to introduce you to a fantastic book: Rich Dad Poor Dad by Robert Kiyosaki. This is one of my all-time favorites. It was a life-changer for me as it could be for you. Below are some of the lessons you will find in the book: The Rich Don’t Work for…
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What is the 4% rule?
Read more: What is the 4% rule?Dear daughter, The rule of 4% is a rule that some financial planners use to tell you how much you need to save and invest to have a comfortable retirement. The rule state that if you withdraw 4% from your portfolio each year, your money won’t be depleted in 30 years or more. In other…
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What is compounding and how does it work?
Read more: What is compounding and how does it work?Dear daughter, Today I want to introduce you to what some people call the eighth wonder of the world: compounding. Here I’ll explain to you, with examples, what compounding is and how it works. When you invest money for a long period, and you also invest the interest you earn from the investment, your money…
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