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HOT TOPIC MJ's Recommended Bookshelf

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MJ DeMarco

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I've been getting a lot of emails lately about recommended books so I created this page...

Fastlane Bookstore

These are the books I recommend and their topical breakdown. If you notice, general wealth really doesn't have many recommendations -- this is one of the reasons why I wrote TMF!

There are other books I will add as I go through my bookshelf and I will update this thread accordingly.
 

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glenm

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Thanks for the list. As expected its not the typical list you see on most websites. I am currently reading TMF and have read Rich Dad. The rest are being added to my wish list.
 
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MJ DeMarco

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I have a feeling my current read "Who Owns the Ice House" will be added to the list -- only a few chapters in, but I like what I've read thus far. Ill report back when finished.
 

livebig

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Thanks, MJ. Reread the Millionaire Fastlane yesterday and was thinking the same thing. What books would he recommend in addition to his great material?

And here it is.

After reading your list, it seems like a great one! I was sort of surprised you had a Tony Robbins book on the list, but it is one that I am reading currently. I must say it is really great (some people really diss Tony, but his information does work if you apply it). I can't believe how dense it is, though.

Thanks again, MJ.

Michael
 

Likwid24

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Thanks M.J.! I"m almost done with "What Rich People Know and Desperately want to Keep Secret" . Really good book so far. I wish he came out with a newer version though. Have you read "The 7 Habits of Highly Effective People"? and also what books are good on running your own business? Thanks!
 

tonye

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I was actually reading Awaken the Giant Within also until I got sidetracked by Millionaire Fastlane hehe. I was planning on reading it after but when I got it in the mail, I did what was supposed to be a "quick preview" but couldn't put it down!

About 20 pages left, then back to Tony Robbins :)
 

ethicalmarketin

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Apr 13, 2011
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Thanks for the list! It's hard to know which books on Amazon have legitimate reviews. There's a trend lately of authors flooding amazing with fake good reviews and it's very frustrating. I guess good old fashioned word of mouth may be the best way to discover good reads.
 

jzchristian

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So what books would you recommend for someone just starting out in web design. My goal is to learn enough in the next year to start a site similar to face book. I am currently reading web design for dummies - You have to start somewhere. I have also bought a social web design book for my kindel by Gavin Bell. Any recommendations on the subject matter would be greatly appreciated.
 

Blacktye6000

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I have a feeling my current read "Who Owns the Ice House" will be added to the list -- only a few chapters in, but I like what I've read thus far. Ill report back when finished.

I just finished "Who Owns the Ice House". I'm jumping off the back of Mr. Walters field truck and getting into the crowded cab of Uncle Cleve's pickup truck...
 

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Mike A.B.

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Looks like I've got some reding to do! Thanks MJ!
 

keith123

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Jun 29, 2011
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MJ, I just completed my second reading of your book - and still am amazed at the brilliance of it. Have you thought about getting the book translated into other languages?

I was thinking about writing a similar book in Chinese about the real way to wealth, though with a bigger emphasis on disproving the popular notions about education and money in Asia. Would you be interested in having the book translated into Chinese?
 

marlitamc

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Nov 13, 2011
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Thanks MJ, I was looking for exactly this list.

Just wondering... although Rich Dad, Poor Dad is an iconic book and establishes the concept that Kiyosaki advocates, I thought his Cashflow Quadrant book has more meat for the Fastlaner. Thoughts?

Cheers, marlitamc
 

MJ DeMarco

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Just wondering... although Rich Dad, Poor Dad is an iconic book and establishes the concept that Kiyosaki advocates, I thought his Cashflow Quadrant book has more meat for the Fastlaner.

Sorry, I can't remember the CF Quadrant and if I read it. If it details RDPD further, than sure why not. I tend to rip on RK but I still recommend his first book on the basis of the entrepreneur/control philosophy. I view RK as a Fastlane author/entrepreneur, not a RE investor.
 

marlitamc

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Sorry, I can't remember the CF Quadrant and if I read it. If it details RDPD further, than sure why not. I tend to rip on RK but I still recommend his first book on the basis of the entrepreneur/control philosophy. I view RK as a Fastlane author/entrepreneur, not a RE investor.

The Cashflow Quadrant goes deeper into the entrepreneur/control philosophy than RDPD did. Kiyosaki's E-S-B-I quadrant demonstrates why the 99% never achieve wealth.

(Left side of quadrant)
E: Employee — Working for someone else.
S: Self-employed or Small business owner — Where a person owns his own job and is his own boss.

(Right side of quadrant)
B: Business owner — A person who owns a business to make money; typically where the owner's physical presence is not required.
I: Investor — Investing money in order to receive a larger income in the future.


Essentially, B is the money system-based business and I is someone after the cashing out "event." The core concept of CQ is that being an investor or business owner gives one more freedom and a higher upside than being an employee or an owner-operator of a small business.

However, IMHO, Millionaire Fastlane is Cashflow Quadrant on super-galactic steroids :)
 

H. Palmer

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Some remarks about the Cashflow Quadrant.


. The Cashflow Quadrant as a concept seems to be invented by Keith J. Cunningham. Cunningham was one of Robert Kiyosaki's mentors and is used in the Kiyosaki books as one of his rich dads. Another book that is highly influenced by Cunningham is Rich Dad's Guide to Investing.

. The first half of the book Cashflow Quadrant is very recommendable in that the concept is explained quite clearly. The second half of the book is fluff IMO.

. Keith Cunningham has a different explanation of the CQ than Kiyosaki, who seems to have misunderstood the concept somewhat. According to Cunningham all squares in the quadrant are OK to be in as long as you are capable of introducing enough control and leverage.

E.g. he often quotes Larry Ellison (CEO of Oracle) as being an E. Ellison is a billionaire and this is due to his almost total control of the company Oracle for the past 30 years.

. In my analysis the concept of the CQ is flawed in that the vertical axis has no meaning at all. The quadrant should be a sequence of four stages, E - S - B - I. Almost everyone starts at E or S. Then you progress to B and I. In other words, the sequence is linear and is not a figure with a vertical and horizontal axis.

According to Cunningham, the symbol + was inserted into the quadrant for no other reason than to symbolize the word "plus" and in so doing to express a sort of positivism to all quarters of the quadrant.

This would explain why the vertical axis really has no meaning.

Kiyosaki is aware that he is bad with details. It seems to me that if he really had understood what the CQ was about, he had morphed it into a linear sequence.
 

aikay77

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Thanks

Thank you MJ.

The list is very much appreciated.

Ronald (Nigeria)
 

kopac

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I've been getting a lot of emails lately about recommended books so I created this page...

Fastlane Entrepreneurs | My (Recommended) Bookshelf

These are the books I recommend and their topical breakdown. If you notice, general wealth really doesn't have many recommendations -- this is one of the reasons why I wrote TMF!

There are other books I will add as I go through my bookshelf and I will update this thread accordingly.

MJ,

What did you think of Stephen Key's "One Simple Idea"? I read that book before MF and I found it to be helpful, but lacking some more advanced info. I am going to post my questions (on licensing and endorsements) in another section of the forum. If you have any thoughts, or resources to share I'd love to hear about them.

Thanks again for writing a great book!

Rich
 

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Simon Ashari

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Interesting that you recommend rich dad poor dad.

Definitely a good book. I find his second book (cashflow quadrant) is also a good book.

-Simon
 

Barry

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Bump for Newcomers and if Mj wanted to add anything to the list
 
D

Deleted11391

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Ditto....it's been a while and I'm sure MJ has read countless books since then.

These books are golden but would LOVE to see his updated recommendations!

Pleaaaaaaaaaasssssseeee! MJ!

:)

B.
 

shakim

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Jun 6, 2012
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I have a feeling my current read "Who Owns the Ice House" will be added to the list -- only a few chapters in, but I like what I've read thus far. Ill report back when finished.
I'm reading, "Who Owns The Ice House" along with "How to Get Rick". They both are really intense books with a tonne of blunt and mean advice (which usually none of your peers give you).

Next in line is the Blue Ocean Strategy.
 

Tlcalis

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MJ do you mind updating your list? :thankyousign:
 

MJ DeMarco

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barbarian

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hey MJ which others books could you add to the list? It would be fantastic to update the list every month ;)

greetings!
 

AntiGuru

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"What Rich People Know & Desperately Want to Keep Secret" was a game-changer for me, probably got me started on the path way back when. Another good one in the same tradition of that one is Richard Dobbins' "What Self-Made Millionaires Really Think, Know and Do"
 

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