Three concise actionable items for corporate minions to learn wealth-building strategies, including a section on passive income through investments, along with specific learning material recommendations:
Read Wealth-Building Books: Start by reading books that offer practical insights into wealth building. Highly recommended books include:
- “The Richest Man in Babylon” by George S. Clason: This classic offers timeless financial wisdom through parables set in ancient Babylon.
- “The Millionaire Next Door” by Thomas J. Stanley and William D. Danko: Learn from the habits of everyday millionaires and how they accumulate wealth.
Online Courses and Videos: Enroll in online courses or watch educational videos to deepen your understanding. Consider resources like:
***Updated to add Broken Money Book***
- Broken Money, Book by Lyn Alden: The book’s goal is for the reader to walk away with a deep understanding of money and monetary history, both in terms of theoretical foundations and in terms of practical implications
- Investopedia: Offers a wide range of articles, tutorials, and courses on finance and investing.
- Khan Academy: Provides free courses on finance, investing, and economics.
Build Passive Income Through Investments: Learn about passive income opportunities by investing in assets such as stocks, real estate, and bonds. Start with these specific resources:
- “The Little Book of Common Sense Investing” by John C. Bogle: Understand the principles of passive investing through low-cost index funds.
- Real Estate Investment Trusts (REITs): Explore REITs as a way to invest in real estate properties and generate passive income.