I’ve been asked a couple times about book recommendations. There’s an incredible amount of information available for free on the internet, but I wanted to provide a list of five of the most impactful books I’ve ever read.
How to Win Friends and Influence People: Dale Carnegie is a legend for a reason, his advice works. This is a must-read for anyone in a role that requires interacting with other people. The book was written before World War 2 and is not always the most politically correct, but learning how to take an interest in someone else and effectively communicate will help you throughout your career and life.
I’m writing this after the Dow Jones industrial entered its first “correction” in over 24 months, experiencing a 10% drop from January 29th 2018 to February 8th, 2018. I was walking through Costco this morning and remembered that feeling and a little bit of stress I had in 2009 about investing. Our net worth just dropped by $80,000! I don’t want to spend a dollar! There have been a few other market pull backs in the last eight years, but we had less invested and the pain just wasn’t as much.
This really shouldn’t be a big deal, our Net Worth is back to where we were in November of 2017 and have only put a little bit in. It actually works out nicer if it stays low over the next few weeks because I’ll have a bonus payment to invest and it drops the tax hit on my restricted stock about to vest. Aside, I still found myself feeling just a little tighter…something I haven’t really remembered feeling since 2008-2009. We’ve had other recessions, but we had a lot less invested and the pain wasn’t as large in nominal dollars.
This is a good reminder of something when it relates to the 4% rule: Your spending will go down if the market goes down!
This time of year means for a number of seniors in college, now is the time you get that first real job offer. Excitement, fear, nervousness, concern. Do I negotiate? Should I just be thankful I received a letter? I remember that day, back when the offer letter showed up via a FedEx knock at the door.