Clear a space on your bookshelf and whip out your library card or charge your kindle, because on the latest episode of Money Bites "Taking your Money to New Heights with Leading Blogger Capital FI, Emergency Funds and the Cash Only Budget" we asked Captain FI to spill the beans on on his book collection.
Engineer, Real life Pilot, Finance blogger and all round good bloke Captain FI joined hosts Dan & Blaize to talk all things financial independence. The Captain is not only incredibly astute, but also very well read and has shared many detailed reviews on his website for not only books, but banks, apps and almost anything in any category related to finance and general 'wellness'. We thought it would be a good opportunity to ask the man himself, What books Inspired your journey to Financial Independence? No doubt you'll be as surprised as we were when we learned that they weren't all just books about money.
"Scott Pape is one of Australia’s most trusted finance commentators, and is frequently featured in TV and print media. Pape has even advised government as well as world sporting teams on financial issues, and now is using his knowledge to help everyday people through his nine step financial guide.
His top three tips? Simplify your money management by using different bank accounts and ‘money buckets’, Destroy your debt and then automate your retirement saving by planning automated purchases of index funds.
The Barefoot Investor is chock full of practical money tips that you can implement straight away. From organising your bank accounts, to drastically slashing your bills (he provides scripts for you to recite to your mortgage bank for example) to starting investing, Scott gives you straightforward advice in a very easy to digest format of his ‘Nine barefoot steps."
"I read this book before I started investing and whilst it doesn’t give you specific advice in how to invest and start buying income producing assets, it really ignited a fire in my belly which drove me to eventually discover the FIRE community and the amazing benefits of passive income.
Rich Dad Poor Dad helps you develop the correct mindset and burning desire for success in building wealth and financial freedom through the story of a young boy who grows up with two Dads; A rich Dad, and a poor Dad. While he loved both of his Dads and they both had a huge impact on his life, both were incredibly different in handling finances.
One of Kiyosaki’s Dads is a highly successful academic, who drives an expensive car with a large beautiful house in an expensive suburb. He is conservative and doesn’t take risks with his finances. He is also the Poor Dad.
Kiyosaki’s Rich Dad instead focuses on building wealth through businesses (where he doesn’t trade his time for money), living below his means and acquiring assets that produce income, instead of liabilities like flashy cars and houses. Kiyosakis Rich Dad is actually the father of one of his childhood friends, who takes him under his guidance and mentors him as he grows up."
"Reading this book was actually a bit of a life changer for me.
Over 30 years ago Dr Campbell started a massive health study based on research he had discovered in his laboratory. Teams from the United States of America, England and China worked together on what has been called the most comprehensive study ever undertaken examining the links between diet and risks of disease.
They looked at the typical Western diet high in animal proteins and fats, as well as processed / manufactured foods, and compared this to the typical eastern diet which is highly plant based (but does have some animal proteins) and mostly whole-food (that is, not highly processed).
Finally, Dr Campbell offers his readers some advice in how to stay healthy and prevent disease with some very simple and basic diet tips. Spoiler alert – its not to continue eating the typical western diet!"
"9 steps to transforming your relationship with money and achieving financial independence was one of the original financial self help books which tackled the concept of ‘FIRE’ all the way back in 1992!
Revised in 2018 with a Forward by Mr Money Mustache, it still as relevant as ever and provides readers with an incredible lesson and startling realisation that nothing is more precious than your life, not even money!
Robins provides readers with a straightforward common sense list of steps they can take to transform their relationship with money."
"How not to die explains how you can extend your life, and your quality of life, based on scientific evidence which recommends switching to a predominantly whole food plant based diet. Let food be thy medicine.
Research has shown that your diet has a lot to do with your health, quality of life and how long you live. Whole food plant based diets are not a fad, and changing your diet to avoid processed foods and animal products has an overwhelmingly positive impact in protecting you from diseases of affluence such as Cancer, Diabetes, Obesity and heart disease."
Disclaimer: The author is not a financial advisor and the information provided is general in nature and was prepared for information purposes only. This article should not be considered to constitute financial advice. Accordingly, reliance should not be placed on this article as the basis for making an investment, financial or other decision. This information does not take into account your investment objectives, particular needs or financial situation.