Are you a property investor or do you intend to be?
The first ‘must read’ property investment book is Rich Dad Poor Dad by Robert Kiyosaki.
This is one of the first books on investment I ever read and if I’m honest, at the time I didn’t realise how important the lessons in the book were. The author talks about his childhood and how he was influenced by his two fathers’, one his biological and the other a mentor. Both men were successful in their own right; however their financial standings were completely different.
The book doesn’t talk about get rich quick schemes nor does it propose any risky strategies, just long term ‘get wealthy steadily’ strategies with property investment as one of the key components.
The Richest Man in Babylon by George S Clason is a classic wealth creation book.
It is a brilliant handbook for personal monetary discipline and the message is delivered through eleven different ancient Babylonian tales. Arguably more simplistic than Kiyosaki’s work, the lessons taught are no less important. In fact unless you adhere to the disciplines taught in this book you can expect to fail at developing a successful property portfolio.
None of the lessons taught in either book will surprise you, and you could describe them as common sense but sometimes we need to be told the obvious. The messages delivered in both books have been taught many times since but never as effectively.
Use both these books and the lessons taught in them as the basic framework for any property investment strategies you already have or are about to put together.
What do you think are there any other must read books you would add? Leave a comment below with your views.
If you would like to understand how one of our asset managers may be able to help you structure your investment strategy then call us now or sign up for our free property investment course now.