Five Cents Ten Cents

Posted: 23 Jul 2008 09:09 AM CDT

Flickr image by Dawn Endico

Thanks to all those who participated in this little contest and sharing session about which was or were the personal finance books that influenced you the most.

[1] David C from sgfrag.net share that “Wallstrait’s Investing Basics” book was the one that helped him make some money in his first year. [2] Justina felt that “Rich Dad, Poor Dad” (Robert Kiyosaki), “did make me look at personal finance differently”. [3] Collin also quoted “Rich Dad, Poor Dad” as well as “Personal Financial Planning” (Benedict Koh) were the two that influenced him.

[4] Drizzt cited Kiyosaki too but felt that “The Richest Man in Babylon” was the one book that covers the essentials of “1) Compounding Returns, 2) Insurance, 3) Paying yourself first, 4) Debt”. [5] La Papillon quoted “Your Money or Your Life” (Joe Dominguez and Vicki Robin) as the book that “resonates so strongly with my internal frequency that my gut feeling is that this MUST be the book of all books in personal finance.” I’ve read “Your Money or Your Life” and also recommend it strongly for those who have embarked on their own journey towards financial freedom.

[6] Seen This Scene That quoted “A Singapore Guide To Personal Financial Planning” by Financial Perspectives as the one that made the most sense to him from a personal finance angle. [7] Derek journey towards personal finance was “Rich Dad’s Guide to Becoming Rich Without Cutting Up Your Credit Cards” (Robert Kiyosaki). [8] 8percentpa mentioned “Random Walk Down Wall Street” (Burton G. Malkiel) as the most educational though he felt it was difficult to pin down the most influential book.

If you are serious about personal finance and learning how to live within your means, save and invest, grow and protect your means, you can consider reading what some of fivecentstencents readers have themselves read and consider to be worth your time.

Be well and prosper.

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Post-script, I have drawn the winner from the 8 who participated in this contest and the winner is lucky number 4, Drizzt! Congratulations. I will be contacting you on how to claim the prize.