Episode · ChooseFI · 2024-04-08

Chris Travers on ChooseFI: books mentioned

The Wealthy Educator | Chris Travers

4 books · With Chris Travers · Listen · Watch on YouTube

A public school teacher in New York City hit a million-dollar net worth by 36—earning a teacher's salary in one of the most expensive cities in America.

Chris Travers recommended The Millionaire Next Door by Thomas J. Stanley and others, and discussed Rich Dad, Poor Dad by Robert T. Kiyosaki and others. Brad Barrett recommended The Golden Albatross by Grumpus Maximus and others, and discussed Smart Couples Finish Rich by David Bach.

Books mentioned, in the order they came up

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  1. The Millionaire Next Door

    Thomas J. Stanley; William D. Danko · at 2:19

    The Millionaire Next Door by Thomas J. Stanley and William D. Danko is a foundational personal finance classic that examines the habits, spending patterns, and lifestyles of everyday American millionaires.

    Recommended
    “and the first book I'll never forget was The Millionaire Next Door was the first assignment to read and I would tell you I was always a saver didn't know how to invest but once I read that book the light bulb kind of went on”
    Where to get it
  2. Rich Dad, Poor Dad

    Robert T. Kiyosaki; Sharon L. Lechter · at 3:13

    Rich Dad, Poor Dad by Robert T. Kiyosaki and Sharon L. Lechter is a widely read personal finance book that contrasts the mindsets of working for money versus making money work for you.

    Discussed
    “I want to say yeah Rich Dad Poor Dad the original one that was definitely on there”
    Where to get it
  3. Smart Couples Finish Rich

    David Bach · at 3:24

    Smart Couples Finish Rich by David Bach is a popular personal finance guide that outlines step-by-step strategies for couples to align their money values, plan for the future, and build long-term wealth together.

    Discussed
    “for me another one was smart couples finish Rich by David Bach who doesn't really get enough airtime in the personal finance”
    Where to get it
  4. The Golden Albatross

    Grumpus Maximus; Doug Nordman · at 34:50

    The Golden Albatross by Grumpus Maximus and Doug Nordman is a financial guide that helps military personnel and public service workers evaluate whether staying in their jobs for a pension is truly worth the personal and professional costs.

    Recommended
    “as from our friend grumpus Maximus who we had on the show way back when episode 57 and 227 and he wrote a great book called The Golden Albatross how to determine if your pension is worth it”
    Where to get it