Business RJ Kayser Business RJ Kayser

The Wealthy Entrepreneur

The Wealthy Entrepreneur by Bob Gauvreau is a great overview of some of the fundamental financial principles that startups need to consider in starting and growing businesses. The framework the Gauvreau has created offers a solid way to look at the big picture goals you have in your business and break them down into actionable steps to accomplish both in the mid-term and short-term.

The book does a really great job of walking you through step-by-step the Vision To Results framework with guidance on how to implement it into your system. 

I feel like Bob has some very interesting stories to share and some better storytelling would have definitely helped this book. 

If you’re looking to start your own business or already an entrepreneur, this book is a valuable resource to have and a quick read which makes it easy to implement. It’s free on Kindle Unlimited, so very easy to check out.

Rating 4/5

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Fiction RJ Kayser Fiction RJ Kayser

The Richest Man in Babylon

The Richest Man in Babylon may be the most recommended book on personal finance that I have ever heard of. George S. Clason wrote this book as a parable to help make the principles more memorable. 


The principles of personal finance revolve around having the discipline to stick to a particular budget. 


In this budget, you must always set aside at least 10 percent of whatever you earn for savings. 


70 percent of your income should be the upper limit of your living expenses. This includes all essentials, like housing, clothing, and food. 


The remaining 20 percent is yours to do with in whatever fashion you like, although many people who start to see their money grow like to start saving more of their money towards accumulating wealth and security. 


With the 10 percent of your income that you are continually saving, you need to make that money work for you and not just sit. In the modern era this often means investing your money into things like index funds and stocks. One part of this principle that is made clear in the book is to adapt as quickly as possible to setbacks in your investing strategy and finding trusted professionals who have more experience than you and investing with them. You should not invest your money in areas where you are not familiar. 

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Business RJ Kayser Business RJ Kayser

Poor Charlie's Almanack

Poor Charlie's Almanack - Charles Munger, Peter Kaufman

I've been on the search for Poor Charlie's Almanack for years and finally was able to get my hands on a copy of this one of a kind book. Charlie Munger is Warren Buffet's business partner at Berkshire Hathaway. 

While you're hard-pressed to find someone who doesn't know the name Warren Buffet, Charlie has preferred to live in relative obscurity despite being whole-heartedly considered equal to Warren. 

This book is aptly named as a nod to Charlie's idol Ben Franklin and is a must-read for anyone interested in personal finance and investing. This almanac includes a biography of Charlie Munger, sections on his principles on life and investing, and an impressive collection of his most popular public speeches. Charlie has amassed an incredible amount of wisdom over his lifetime - much attributed to his lifelong pursuit of reading and learning.

The acquisition of wisdom is a moral duty
— Charlie Munger

You'd be a fool not consider what Charlie has to say, even if you just take the time to listen to one of his commencement speeches, like this one for USC:

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