These are my favorite learning resources.
They are easy to understand, yet powerful, and inexpensive.
How do I learn how to make more money, whether through business or real estate?
I have this conversation on a regular basis, so I have consolidated my personal recommendations into one easy-to-share article.
This doesn’t cover the whole of the conversation. Your personal background, current circumstances, risk tolerance, and drive to be free all factor in heavily, and that’s not something I can put a “one size fits all” discussion around.
If I had to boil it down to a few key ideas, they would be:
- Never stop learning
- A mediocre plan that gets executed beats a good plan that collects dust
- You must choose between looking good and making progress. If you don’t risk falling down, you’ll never learn to walk.
- No matter what, someone else in far worse circumstances has done what you want to do and achieved massive success.
- NEVER STOP LEARNING!!!
If you did nothing else but spend two weeks of your life reading the following books, and another two weeks listening to the podcasts, that single month has the potential to make you wealthy enough to never need to work again.
You can buy the books, or go to the library and read them for free.
The podcasts are free too, as is the podcatcher.
Let’s get to it.
Zig Ziglar often spoke of the “Automobile University”.
If you just listened to educational material on your daily commute, you’d learn more in a couple of years than most people learn in their lifetime!
Don’t feel bad if you aren’t a “reader”. Audiobooks are a thing!
I own a ton of paperback or hardcover books, and generally I do prefer to read real paper books.
But I’m also on the road a lot (or doing chores, etc.), so the notion of sitting down to read a paperback book isn’t usually convenient.
That said, if you have the option, buy a paperback of these books, even if you prefer the audiobook. You’ll always have a simple reference later.
Rich Dad Poor Dad, by Robert Kiyosaki.
If you want the singularly most popular money book ever written (and for good reason!), here you go.
Fair warning, this book will change your life.
If there is only one book you read about personal finance and wealth-building, make it this one.
It will make you question everything you were ever taught about money, greed, schooling, and lifestyle.
And you’ll be better for it!
Although I relate RDPD to real estate, it has about a 50/50 split between business and real estate. For good reason, though. Because real estate investing is a business, and it can be a very lucrative one, with a ton of advantages over other industries.
The 4 Hour Work Week (4HWW), by Timothy Ferriss.
Love it or hate it, 4HWW expands on several of Robert Kiyosaki’s concepts.
You don’t need to read it all, but you will certainly want a full understanding of “dreamlining”, and many of the other concepts will definitely help you in anything you want to do in life.
4HWW stays more in the business side, and doesn’t really touch on real estate. That’s okay, because many of the principles translate industries very well.
And, let’s be honest, we all like the idea of more money, so the source it’s generated from isn’t necessarily critical.
Podcasts are awesome. You get to learn from industry experts interviewing other industry experts, for free, on your schedule.
If you’re sitting in traffic, waiting for a bus, grocery shopping, or otherwise able to listen to music, swap out a couple of podcasts for that Lawrence Welk revival.
Bonus if you have a Bluetooth headset. You can do laundry, feed the dog(s), or mow the lawn and still learn some awesome information.
You’ll be richer for it.
First, you need something to listen to podcasts. If you’re on an Android device (as I am) I highly recommend Podcast Addict, available via Google Play Store.
You can stream them, or download podcasts to your device to listen to offline.
My favorite feature is the ability to speed up a podcast without affecting the pitch. You can start at normal speed until you get used to it, but after a while they seem rather slow.
Most of my recommendations I listen to at 1.5x speed or better.
More knowledge, in less time.
MY FAVORITE INVESTING PODCASTS
Make sure you listen to the very first episode – you’ll be completely hooked from there.
J. is very personable, and has some tremendous concepts and content that you can take action on immediately.
He has introduced me to massive revelations in language, thought process, and strategies.
These guys cover it all, with great guests and an extremely wide variety of real estate investing topics.
The hosts Brandon and Josh are fun, a little cheesy sometimes, but rock solid and focused on providing information that is personal-experienced based.
You can learn about investing in mobile homes, up to large commercial plazas, and everything in between, from people of all walks of life.
Real estate investing is intimidating for the average person, but if you think you can’t do it, start with Episode 14.
They also have my favorite real estate investing web site/forum, over at BiggerPockets.com. Yes, I’m a member.
None of these are affiliate links. I don’t make a penny if you buy or subscribe to any these, except as explicitly noted.
I just like their product/service.
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