Recommended Books

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.

Personal Development:

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.

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Why the 4% rule will always work (Hint: Its about your spending)

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!   

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