Book reviews: Paying yourself first as a Wealth Building Strategy

Book reviews: Paying yourself first as a Wealth Building Strategy

The recent 'Wealth Mastermind Programme" session got me thinking about the many beautiful books out there educating us around "Paying yourself first" as a Wealth Building Strategy. Here are the top 5 most popular:

Title Author Summary About the Author 
"The Richest Man in Babylon" George S. Clason This classic book offers financial wisdom through a collection of parables set in ancient Babylon. It emphasises the importance of saving a portion of your income before you spend it, making "paying yourself first" a central principle for accumulating wealth. George S. Clason was a financial expert and author who used these timeless stories to teach valuable money lessons.
"Rich Dad Poor Dad" Robert T. Kiyosaki In this bestselling book, Kiyosaki contrasts the financial philosophies of his "rich dad" and "poor dad." He advocates for the idea of paying yourself first by investing in assets that generate passive income and reduce reliance on a traditional job. Robert T. Kiyosaki is a renowned financial educator and entrepreneur known for his "Rich Dad" series of books and games.
"The Automatic Millionaire" David Bach David Bach's book presents a simple yet powerful strategy for building wealth by automating your finances. It encourages you to prioritise saving and investing by setting up automatic contributions to savings and retirement accounts before spending on other expenses. David Bach is a best-selling author and financial expert, recognised for his practical advice on personal finance and wealth-building strategies.
"The Millionaire Next Door" Thomas J. Stanley This book profiles the habits and characteristics of everyday millionaires in America, revealing that many of them prioritise saving and investing, or "paying themselves first," over conspicuous consumption. Thomas J. Stanley was a respected researcher and author who spent years studying the habits of wealthy individuals.
"Your Money or Your Life" Vicki Robin and Joe Dominguez This book offers a comprehensive program for transforming your relationship with money and achieving financial independence. It advocates tracking your spending, saving aggressively, and "paying yourself first" as key steps in gaining control of your finances. Vicki Robin and Joe Dominguez co-authored this book, with Vicki being a renowned personal finance author and speaker, while Joe was a financial counselor and the creator of the "Financial Integrity Program."

These books provide valuable insights and practical advice for individuals looking to implement the "pay yourself first" strategy as part of their wealth-building journey.

Back to blog

Leave a comment