Mr. Money Mustache's favorite books

  • Tap Dancing to Work

    Tap Dancing to Work

    Carol Loomis
    Warren Buffett on Practically Everything, 1966-2013 : a Fortune Magazine Book
    Biography & Autobiography

    A retrospective collection of "Fortune" articles on Warren Buffett from the past half century places them in context and provides fresh commentary to offer insight into the influential investor's views on such topics as management, philanthropy, and public policy.

    Buy on Amazon

    The latest Giant Warren Buffett book. Rather than a story of his life, this one is more a collection of Fortune magazine stories about him and things he has written. While this book is less personal, it packs in a lot more financial wisdom instead.

     — Source

  • Struck by Lightning

    Struck by Lightning

    Jeffrey S. Rosenthal
    The Curious World of Probabilities
    Science

    From terrorist attacks to big money jackpots, Struck by Lightning deconstructs the odds and oddities of chance, examining both the relevant and irreverent role of randomness in our everyday lives. Human beings have long been both fascinated and appalled by randomness. On the one hand, we love the thrill of a surprise party, the unpredictability of a budding romance, or the freedom of not knowing what tomorrow will bring. We are inexplicably delighted by strange coincidences and striking similarities. But we also hate uncertainty's dark side. From cancer to SARS, diseases strike with no apparent pattern. Terrorists attack, airplanes crash, bridges collapse, and we never know if we'll be that one in a million statistic. We are all constantly faced with situations and choices that involve randomness and uncertainty. A basic understanding of the rules of probability theory, applied to real-life circumstances, can help us to make sense of these situations, to avoid unnecessary fear, to seize the opportunities that randomness presents to us, and to actually enjoy the uncertainties we face. The reality is that when it comes to randomness, you can run, but you can't hide. So many aspects of our lives are governed by events that are simply not in our control. In this entertaining yet sophisticated look at the world of probabilities, author Jeffrey Rosenthal-an improbably talented math professor-explains the mechanics of randomness and teaches us how to develop an informed perspective on probability.

    Buy on Amazon

    The curious world of probabilties, by Jeffrey Rosenthal This book sums up my decision making process whenever anything is unknown. The basic idea is: understand how fun and useful probabilities and statistics are.

     — Source

  • Early Retirement Extreme

    Early Retirement Extreme

    Jacob Lund Fisker
    A Philosophical and Practical Guide to Financial Independence
    Business & Economics

    "How to retire in your 20s and 30s (without winning the lottery). This book provides a robust strategy that makes it possible to stop working for money in less than a decade."--P. [4] of cover.

    Buy on Amazon

    So its a valuable book and if you read it carefully, it will definitely teach you new things. I will, however, throw in a critical side to this review.

    Nov 12, 2011 — Source

  • The Snowball

    The Snowball

    Alice Schroeder
    Warren Buffett and the Business of Life
    Biography & Autobiography

    A portrait of the life and career of investment guru Warren Buffett sheds new light on the man, as well as on the work, ideas, business principles, strategies, and no-nonsense insights that have guided his phenomenally successful business endeavors.

    Buy on Amazon

    This is the complete story of Warren Buffetts life. (Hes old, so there are over 700 pages).

     — Source

  • Crash Proof 2.0

    An explanation of what caused the US financial and housing sector crash in 2008, which caused the Great Recession, the unemployment from which we are still stamping out here in 2012.

     — Source

  • Stress Test

    Stress Test

    Timothy F. Geithner
    Biography & Autobiography

    From the former Treasury Secretary, the definitive account of the unprecedented effort to save the U.S. economy from collapse in the wake of the worst global financial crisis since the Great Depression.

    Buy on Amazon

    I read that 800-page description of the financial crisis and I found it pretty captivating, knowing what really happened in the background.

    Feb 13, 2017 — Source

  • Starting Strength

    A meatnpotatoes summary of what everyone should do to make the biggest improvements in fitness and strength in minimal time.

     — Source

  • Naked Economics

    This books claim to fame is that it uses absolutely no graphs or numbers when explaining economics. It's also moderately funny at times.

     — Source

  • Borrow

    Borrow

    Louis Hyman
    The American Way of Debt
    Business & Economics

    Provides key principles of both macro and microeconomics, discussing such issues as why budget deficits matter, what the Federal Reserve actually does, and why health insurance is so expensive.

    Buy on Amazon

    I expected this book to be just a values-based smackdown of how sucky weve all become, but luckily it was not, and instead it taught me some new things about the debt and financial industry.

     — Source

  • The Selfish Gene

    The Selfish Gene

    Richard Dawkins
    Science

    With a new epilogue to the 40th anniversary edition.

    Buy on Amazon

    An explanation of evolution since the beginning of life that explains things from the perspective of individual genes.

     — Source

  • Arnold's Bodybuilding for Men

    Arnold's Bodybuilding for Men

    Arnold Schwarzenegger
    Sports & Recreation

    The complete program for building and maintaining a well-conditioned, excellently proportioned body -- for a lifetime of fitness and health. In Arnold's Bodybuilding for Men, legendary athlete Arnold Schwarzenegger shows you how to achieve the best physical condition of your life. For every man, at every age, Arnold outlines a step-by-step program of excercise, skillfully combining weight training and aerobic conditioning. The result -- total cardiovascular and muscular fitness. Arnold's program of exercise features stretching, warm-up and warm-down routines, and three series of exercises, each more ambitious than the last, all calculated to help you progress at your own speed. In addition, Arnold contributes important advice about equipment, nutrition and diet, and getting started on your program of exercise. Special sections of Arnold's Bodybuilding for Men cover training for teenagers, exercises designed to keep you in shape on the road or when you can't get to the gym, and the regimen Arnold followed to win his seven Mr. Olympia titles. Illustrated with hundreds of photographs of Arnold and other top bodybuilders, Arnold's Bodybuilding for Men will help every man look great and feel terrific.

    Buy on Amazon

    Being a fairly stereotypical man, I enjoyed the manly perspective on fitness and strength training in this book.

     — Source

  • The Simple Path to Wealth

    A favorite among MMM readers because it teaches everything you really need to be a successful lifetime investor, yet its ridiculously simple.

     — Source

  • A Random Walk Down Wall Street

    Great explanation of why index investing rules, written by a very wise professor/investor guy who has personally researched and debunked most of the common wisdom that exists about stock trading today.

     — Source

  • The Power of Habit

    The Power of Habit

    Charles Duhigg
    Why We Do What We Do, and How to Change
    Self-Help

    There's never been a better time to set new habits. This book will change your life. ______________________________ Why do we do develop habits? And how can we change them? We can always change. In The Power of Habit, award-winning New York Times business reporter Charles Duhigg translates cutting-edge behavioural science into practical self-improvement action, distilling advanced neuroscience into fascinating narratives of transformation. Why can some people and companies change overnight, and some stay stuck in their old ruts? The answer lies deep in the human brain, and The Power of Habits reveals the secret pressure points that can change a life. From Olympic swimmer Michael Phelps to Martin Luther King Jr., from the CEO of Starbucks to the locker rooms of the NFL, Duhigg explores the incredible results of keystone habits, and how they can make all the difference between billions and millions, failure and success – or even life and death. The Power of Habit makes an exhilarating case: the key to almost any door in life is instilling the right habit. From exercise to weight loss, childrearing to productivity, market disruption to social revolution, and above all success, the right habits can change everything. Habits aren't destiny. They’re science, one which can transform our businesses, our communities, and our lives. ______________________________ 'Plenty of business books that try to tap into the scientific world manage to distil complicated research into readable prose. But few take the next step and become essential manuals for business and living. The Power of Habit is an exception.' ANDREW HILL, FINANCIAL TIMES

    Buy on Amazon

    This book is in his recommended list

     — Source

  • 59 Seconds

    59 Seconds

    Richard Wiseman
    Change Your Life in Under a Minute
    Self-Help

    An Easy-To-Use, Concise Guide to Changing Your Life in Under a Minute, Backed by Cutting-Edge Scientific Research.

    Buy on Amazon

    This book is in his recommended list

     — Source

  • The Life You Can Save

    The Life You Can Save

    Peter Singer
    How to Do Your Part to End World Poverty
    Philosophy

    Argues that for the first time in history we're in a position to end extreme poverty throughout the world, both because of our unprecedented wealth and advances in technology, therefore we can no longer consider ourselves good people unless we give more to the poor. Reprint.

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    The book that finalized my desire to give away most of the money I earn over my lifetime to help eliminate third world poverty.

     — Source

  • Bogle On Mutual Funds

    Bogle On Mutual Funds

    John C. Bogle
    New Perspectives For The Intelligent Investor
    Business & Economics

    The seminal work on mutual funds investing is now a Wiley Investment Classic Certain books have redefined the way we view the world of finance and investing—books that should be on every investor’s shelf. Bogle On Mutual Funds—the definitive work on mutual fund investing by one of finance’s great luminaries—is just such a work, and has been added to the catalog of Wiley’s Investment Classic collection. Updated with a new introduction by expert John Bogle, this comprehensive book provides investors with the wisdom of the pioneer of mutual funds to help you identify and execute the ideal mutual fund investment choices for your portfolio. The former Vanguard Chief Executive, Bogle has long been mutual funds' most outspoken critic; in this classic book, he provides guidance on what you should and shouldn't believe when it comes to mutual funds, along with the story of persistence and perseverance that led to this seminal work. You'll learn the differences between common stock, bond, money market, and balanced funds, and why a passively managed "index" fund is a smarter investment than a fund managed by someone making weighted bets on individual securities, sectors, and the economy. Bogle reveals the truth behind the advertising, the mediocre performance, and selfishness, and highlights the common mistakes many investors make. Consider the risks and rewards of investing in mutual funds Learn how to choose between the four basic types of funds Choose the lower-cost, more reliable investment structure See through misleading advertising, and watch out for pitfalls Take a look into this timeless classic and let Bogle On Mutual Funds show you how to invest in mutual funds the right way, with the expert perspective of an industry leader.

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    Recommended on Tim Blog podcast

    Feb 13, 2017 — Source

  • The Magic of Thinking Big

    I've recommended that to so many friends, because I stumbled across it when I was like 15 years old, and it was really, really old even then.

    Feb 13, 2017 — Source

  • Happy City

    Happy City

    Charles Montgomery

    Buy on Amazon

    If youre into changing the world for the better, one book that spectacularly opened up my mind is this one

    Feb 13, 2017 — Source

  • Economics Explained

    This book manages to steer mostly clear of personal opinions and describe both sides of every argument, often presenting controversial aspects as questions rather than statements.

    Sep 12, 2011 — Source

  • The Intelligent Asset Allocator

    Examines the effects of mixing stocks, bonds, and other assets into your portfolio in different proportions. Explains that with very little effort, you can drastically reduce the volatility of your investments, even while maintaining the same level of overall returns

     — Source

  • Tools of Titans

    Tools of Titans

    Timothy Ferriss
    The Tactics, Routines, and Habits of Billionaires, Icons, and World-class Performers
    Business & Economics

    "Fitness, money, and wisdom--here are the tools. Over the last two years ... Tim Ferriss has collected the routines and tools of world-class performers around the globe. Now, the distilled notebook of tips and tricks that helped him double his income, flexibility, happiness, and more is available as Tools of Titans"--Page 4 of cover.

    Buy on Amazon

    I've actually got a huge, huge list of documentaries that I've been meaning to watch, many of them collected from the guests

    Feb 13, 2017 — Source

  • Beyond Wealth

    Beyond Wealth

    Alexander Green
    The Road Map to a Rich Life
    Business & Economics

    It's not all about the money; the key to true riches Leo Tolstoy said, "Nobody knows where the human race is going. The highest wisdom, then, is to know where you are going." Yet many today chase the false rabbits of success: status, luxury, reputation and material possessions. In the quest to "have it all," our lives often lack real meaning and purpose. Beyond Wealth is the antidote. New York Times bestselling author Alexander Green takes things right down to brass tacks: We are here for a short time. Knowledge is limitless. Therefore, the most critical knowledge is not any particular skill but rather wisdom about "how to live." Fortunately, men and women have had several thousand years to think about what it means to live "the good life." And the answers found here, from Plato and Aristotle to Mahatma Gandhi and Stephen Hawking, will both surprise and delight you. Beyond Wealth provides insightful commentary on the most important aspects of our lives: love, work, honor, trust, freedom, death, fear, truth, beauty and other timeless issues. The book is both a thought provoking read and the ideal gift, guaranteed to ennoble, uplift and inspire.

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    Not really a money book specifically, but an interesting exploration of living a rich life from a bunch of angles: philosophy, travel, wine, music, non-consumerism, etc.

     — Source

  • Your Money or Your Life

    Theres a really great one

    Feb 13, 2017 — Source

  • The Little Book That Still Beats the Market

    The Little Book That Still Beats the Market

    Joel Greenblatt
    Business & Economics

    In 2005, Joel Greenblatt published a book that is already considered one of the classics of finance literature. In The Little Book that Beats the Market—a New York Times bestseller with 300,000 copies in print—Greenblatt explained how investors can outperform the popular market averages by simply and systematically applying a formula that seeks out good businesses when they are available at bargain prices. Now, with a new Introduction and Afterword for 2010, The Little Book that Still Beats the Market updates and expands upon the research findings from the original book. Included are data and analysis covering the recent financial crisis and model performance through the end of 2009. In a straightforward and accessible style, the book explores the basic principles of successful stock market investing and then reveals the author’s time-tested formula that makes buying above average companies at below average prices automatic. Though the formula has been extensively tested and is a breakthrough in the academic and professional world, Greenblatt explains it using 6th grade math, plain language and humor. He shows how to use his method to beat both the market and professional managers by a wide margin. You’ll also learn why success eludes almost all individual and professional investors, and why the formula will continue to work even after everyone “knows” it. While the formula may be simple, understanding why the formula works is the true key to success for investors. The book will take readers on a step-by-step journey so that they can learn the principles of value investing in a way that will provide them with a long term strategy that they can understand and stick with through both good and bad periods for the stock market. As the Wall Street Journal stated about the original edition, “Mr. Greenblatt…says his goal was to provide advice that, while sophisticated, could be understood and followed by his five children, ages 6 to 15. They are in luck. His ‘Little Book’ is one of the best, clearest guides to value investing out there.”

    Buy on Amazon

    One really interesting book that I read a few years ago is

    Feb 13, 2017 — Source

  • Nudge

    Nudge

    Cass R. Sunstein,Richard H. Thaler
    Improving Decisions about Health, Wealth, and Happiness
    Business & Economics

    Offering a groundbreaking study of the application of the science of choice, a guide that uses colorful examples from all aspects of life demonstrates how it is possible to design environments that make it more likely for us to act in our own interests. Reprint.

    Buy on Amazon

    On decision making

     — Source

  • The Millionaire Next Door

    I found an intriguing book. Now that a few years have passed and I have become Mr. Money Mustache, I re-read the book to see what benefits I could pass on to you, the readers.

    May 14, 2011 — Source

  • John Bogle on Investing

    John Bogle on Investing

    John C. Bogle
    The First 50 Years
    Business & Economics

    Get fifty years of industry-defining expertise in a single volume John Bogle on Investing is a compilation of the best speeches ever delivered by one of the 20th century's towering financial giants. Individually, each of these speeches delivers a powerful lesson in investing; taken together, Bogle's lifelong themes ring loud and clear. His investing philosophy has remained more or less constant throughout his illustrious career, and this book lays it out so you can learn from the very best. You'll learn what makes a successful investment strategy, consider the productive economics of long-term investing, and how emotional investment in financial markets is often counterproductive enough to forfeit success. Bogle discusses the "fiscal drag" of investing, and shows you how to cut down on sales charges, management fees, turnover costs, and opportunity costs, as he unravels a lifetime's worth of expertise to give you deep insight into the mind of a master at work. John C. Bogle founded Vanguard in 1974, then in the space of a few years, introduced the index mutual fund, pioneered the no-load mutual fund, and redefined bond fund management. This book wraps up the essence of his half-century of knowledge to deepen your understanding and enhance your investment success. Learn why simple strategies are best Discover how emotions can ruin the best investment plan Examine the universality of indexing in the financial markets Minimize the costs — financial and otherwise — associated with investing John Bogle is still in there fighting, still pushing the industry onward and upward. Take this rare opportunity to have industry-shaping expertise at your fingertips with John Bogle on Investing.

    Buy on Amazon

    The founder of Vangard is one good example.

    Feb 13, 2017 — Source

  • The Newbie's Guide to Publishing

    This book is in his recommended list

     — Source

  • The Rational Optimist

    The Rational Optimist

    Matt Ridley
    How Prosperity Evolves
    Business & Economics

    For two hundred years the pessimists have dominated public discourse, insisting that things will soon be getting much worse. But in fact, life is getting better—and at an accelerating rate. Food availability, income, and life span are up; disease, child mortality, and violence are down all across the globe. Africa is following Asia out of poverty; the Internet, the mobile phone, and container shipping are enriching people's lives as never before. In his bold and bracing exploration into how human culture evolves positively through exchange and specialization, bestselling author Matt Ridley does more than describe how things are getting better. He explains why. An astute, refreshing, and revelatory work that covers the entire sweep of human history—from the Stone Age to the Internet—The Rational Optimist will change your way of thinking about the world for the better.

    Buy on Amazon

    A bit of a mind-blowing summary of the evolution of trade and human prosperity, from primates to iPhones. It argues compellingly that everything is not only going to be OK in the future, it is surely going to be Fucking Great. That much, I agree with.

     — Source

  • A Guide to the Good Life

    From reading the book, I learned that Stoicism was actually a shockingly advanced old philosophy that found many followers in ancient Rome.

    Oct 2, 2011 — Source

  • I Will Teach You To Be Rich

    I Will Teach You To Be Rich

    Ramit Sethi
    No Guilt, No Excuses - Just a 6-Week Programme That Works

    If you think financial health is beyond your reach, think again. I Will Teach You To Be Rich is the modern money classic that has revolutionised the lives of countless people all over the world, teaching them how to effectively manage their finances, demolish their debt, save better and get the most out of their bank accounts, credit cards and investments. Now, Ramit Sethi, who has been described by Forbes as a 'wealth wizard' and by Fortune as 'the new finance guru', is back with a completely revised second edition of I Will Teach You To Be Rich, updating it with new tools and insights on money and psychology, along with fantastic stories of how previous readers have used the book to enrich their lives. From crushing your debt and student loans to talking your way out of late fees, to dead simple investment strategies and negotiating that big raise at work, this is the no-guilt, no-excuses, no-BS 6-week programme that will help you get your finances where you want them to be.

    Buy on Amazon

    Is the book still worth reading? Yes especially if you are a financial beginner, and especially since books are free to those following the Mustachian way of using the library. Id just suggest reading it with a side dish of triple M.

    Nov 6, 2011 — Source

  • Sculpting Her Body Perfect

    Sculpting Her Body Perfect

    Brad Schoenfeld
    Sports & Recreation

    One of the most sought-after personal trainers in the United States, fitness expert Schoenfeld updates his sculpting program tailored to the unique training needs and goals of women. This third edition includes a 60-minute DVD.

    Buy on Amazon

    Similarly, Mrs. M. enjoyed the way a similar body of knowledge was presented in this book. It's all about tailoring the message to the audience.

     — Source

  • Plenitude

    Plenitude

    Juliet B. Schor
    The New Economics of True Wealth
    Environmental economics

    In Plenitude economist and bestselling author Juliet Schor offers a groundbreaking intellectual statement about the economics and sociology of ecological decline, suggesting a radical change in how we think about consumer goods, value, and ways to live. Humans are degrading the planet far faster than they are regenerating it. As we travel along this shutdown path, food, energy, transport and consumer goods are becoming increasingly expensive. The economic downturn that has accompanied the ecological crisis has led to another type of scarcity: incomes, jobs, and credit are also in short supply. Our usual way back to growth a debt-financed consumer boom is no longer an option our households, or planet, can afford. Responding to our current moment, Plenitude puts sustainability at its core, but it is not a paradigm of sacrifice. Instead it's an argument that through a major shift to new sources of wealth, green technologies, and different ways of living, individuals and the country as a whole can actually be better off and more economically secure. And as Schor observes, Plenitude is already emerging. In pockets around the country and the world, people are busy creating lifestyles that offer a way out of the work and spend cycle. These pioneers' lives are scarce in conventional consumer goods and rich in the newly abundant resources of time, information, creativity and community. Urban farmers, D.I.Y renovators, Craig's List users, cob builders all are spreading their risk and establishing novel sources of income and outlets for procuring consumer goods. Taken together, these trends represent a movement away from the conventional market and offer a way toward an efficient, rewarding life in an era of high prices and traditional resource scarcity. Based on recent developments in economic theory, social analysis, and ecological design, as well as evidence from the cutting edge people and places putting these ideas into practice, Plenitude is a road map for the next two decades. In encouraging us to value our gifts nature, community, intelligence, and time Schor offers the opportunity to participate in creating a world of wealth and well-being.

    Buy on Amazon

    In this book, she combines sound economic theory and explanations, with a model for shifting the world to a sustainable level of natural resource consumption.

     — Source

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