Friday, June 20, 2014

2 New Books Trending - Update

It's been a while since I last purchased a new book on personal finance and updated my page on Books Trending.

This week, I've purchased two new books from Amazon which I think was very interesting and might came up familiar to some of you here.

The first book is entitled "How Much is Enough?" by Robert Skidelsky.




The author explains what constitutes the true value of money vs the true value of life. He also quoted the Keynes theory that as technology becomes more prevalent, human being should work lesser and lesser as each day passes. Apparently, that is not the case in many parts of the world. We seem to be working longer and longer, perhaps to the needs of the economy and we tend to forget the true value of why we live over time. This should be a good book to read why you need to obtain financial freedom in the first place - knowing what you really want in life and accomplishing it within the sight of time.
 
The second book is entitled "Your Money or Your Life?" by Vicki Robin and Joe Dominguez.
 
 
 
 
Here, the book explains the real wages you are earning in your workplace as you incorporate various other items such as travelling time, overtime and so on. Many times, the real wages is much lesser than you think it is. The book also explains on the concept of Crossover Point where income meets expenses and that is the time to call for financial independence. Some of the concepts I've talked about in my post previously but good to re-enforce for a bedtime storybook ;)

Have you read these books? If so, can you share your thoughts with us?

8 comments:

  1. What is the formula to estimate how much is enough?

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    1. Hi Uncle CW

      Hahaha, i think you know it better than I do :)

      Based on the author, I think it's when the crossover point is hit, i.e the moment when passive > expenses.

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  2. Never heard of these 2 books before.. Enjoy the read.. I start to read more EBooks nowadays ;-)

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    Replies
    1. Hi Richard

      I think it's a good book. Maybe you can try and find it online too ;)

      I prefer the hardcopy for some reason. Maybe too many cases and articles to read online for my studies so far, so its a little phobia for me ;)

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  3. What is a good bedtime storybook ? The one that let you sleep well ? hahah

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    Replies
    1. The Intelligent Investor?

      Sleep well and dreaming to become Singapore Warren Buffet.

      LOL!

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    2. Hi Small Time Investor

      A good bedtime story would be the Prince and Princess live happily ever after with perfect ending.

      Dreaming to become the next Uncle CW :)

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