We use and recommend all of the products listed below. Given the focus around earning money/investing we start with money related products and work down to resources for learning sales, staying healthy and keeping a malleable belief system.
Money Related Products
Name Cheap: Affiliate marketers, product websites and personal websites all need a domain. Even if you’re not serious about earning money online (we disagree) at least create your own consulting practice to have a way to make money 24/7/365. This would be produced by “owning your name” online (FirstLast.com). Our recommendation is quite simple, you should have at least two websites: 1) your consulting website with your name and 2) your product based website. How to make a living online is covered in Efficiency and if you meet anyone in the industry (affiliates/product website owners) practically all of them own their names online.
Blue Host: We have gotten several requests on where to obtain hosting and we can recommend Blue Host as a starter resource for an internet business. As you’re well aware, we prefer product based websites instead of content based websites given the lower volume of visits needed to generate a living income (lower hosting costs as well).
How to Get Rich: This is the greatest book ever written on becoming rich. It does not offer emotional advice such as “think positively and grow rich”. Instead it provides a solid outline for how the real world works. You’ll get an understanding for scale, recurring income and how to raise funds for your company. Just “thinking” about becoming rich doesn’t work. If it did everyone would be a multi-millionaire because everyone thinks & dreams about becoming rich.
Zig Ziglar’s Secrets of Closing the Sale: If you’re hoping to get rich in the future, learning how to sell is critical for success. This means you’ll never lose valuable time by learning how to sell. If you’re going to learn how to sell you may as well start with some of the best sales advice out there and Zig Ziglar offers just that.
Ca$hvertising: Once you’ve learned how to sell in person, the next step is learning the basics of online sales. For anyone hoping to become location independent you’ll need a businesss… Yes you guessed it… That operates on the internet. The first step is learning how to sell from an emotional level and the second step is being able to transfer this level of emotion through words on the internet.
The Intelligent Investor: This is the premier book for learning how to invest. Warren Buffet now tells everyone to dollar cost average into as many ETFs as possible so he can create market dislocations and invest heavily into single individual stocks. If you’re interested in overall securities analysis this should be the first book in hundreds that you’ll read. Until then you can simply dollar cost average into S&P 500 ETFs offered by Vanguard (Example: Ticker VOO).
Life Related Products
Chlorella: If you don’t have time to make a healthy juice or eat a lot of vegetables on the road, chlorella will do this just for you. In addition, it can also be used to prevent hangovers from a long night out, simply take a table spoon, mix it in water and chug before sleeping. Chlorella is an essential dietary supplement and hangover prevention item.
Protein Powder: We try to keep things as natural as possible over here and prefer products that are as close to “real life” as possible. This means we drink protein that is from a natural source (egg whites). While there is likely a minimal difference between natural and unnatural, when it comes to your health, it just isn’t worth the risk.
A Guide to the Good Life: When you’re first getting started in your journey to get rich it feels like the weight of the world is on your shoulders. Instead if we focus on what we can control and ignore things that are completely out of our control (negative comments from others for example) we’ll be psychologically set up to succeed.
A Guide to Rational Living: For people who are suffering from anxiety or depression, this is another product similar to practicing stoicism that will make your life significantly more calm. You’ll find that many things that upset people on a daily basis are needless. Finally, we recommend taking up meditation as well once reading through both the guide to the good life and the guide to rational living
International carry on bag: We travel quite a bit still and having a solid international carry on bag is essential to quick travel. You’ll whip through security using your clear pass (or TSA Pre Check) followed by a rapid boarding process. Having something durable that can fit on all airplanes will save you several hours of time.
Wall Street Related Products
Investment Banking: Valuation, LBOs, and Mergers and Acquisitions: This book offers everything you need to know about getting started on Wall Street. You won’t need to take a fancy modeling course because there will be templates on the job. Instead you can learn the basics from your house without paying a ton of money and get started well ahead of your peers.
More Money Than God: This provides a fantastic overview of the hedge fund industry. You’ll walk through the glory days of the 90s in addition to the eventual declines in 2007-2009. Hedge funds provide various different roles in making markets as efficient as possible (also giving various rates of return for differing risk profiles) and this will provide a broad overview for you.
Barbarians at the Gate: For those interested in Private Equity as a long-term career, Barbarians at the gate provides an overview of the leveraged buyout of RJR Nabisco. This is one of the most famous transactions in history which includes a bidding war and large amounts of debt (leverage) to try and profit off of a $24 billion dollar transaction.