The Budget Kit: Common Cents Money Management Books
Downtime is the perfect time to catch up on your reading, and there are plenty of great business books to add to your list. We’ve picked our favorite recently released and upcoming books that will help enrich your professional life
Winner Takes All, Dambisa Moyo
Winner Take All, is Moyo’s third book. It is considered provocative due to its gloomy vision of the future. According to Moyo, we are approaching an era when commodity prices will “skyrocket to permanently higher levels,” and persistent resource shortfalls will “consign hundreds of millions of people to inescapable poverty.”
As Moyo admits, alarm bells over resource scarcity are nothing new: as early as 1798, the English demographer and economist Thomas Malthus predicted a future of war and famine as population grew and food production remained finite an – argument that has largely been discredited due to technological advances.
‘When to Rob a Bank’ – Steven D. Levitt and Stephen J. Dubner
Economist Steven Levitt and author Stephen Dubner celebrate the tenth anniversary of their blockbuster book “Freakonomics“ with a collection of 131 of their favorite blog posts from the past decade.
You’ll learn about the psychology of lying, the argument to abolish the penny, and why robbing a bank isn’t a bad idea because of the morality, but because it has a terrible return on investment.
Dead Aid, Dambisa Moyo
In Dead Aid Dambisa Moyo seeks to debunk the myth that ‘billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth.’She does this by drawing sharp contrasts between African countries that have “rejected the aid route and prospered” against other African countries that have become extremely reliant on foreign aid, and how this has resulted in increased poverty within these respective states.
Dead Aid illumes the manner in which this foreign aid, which is freely given, eventually fosters a culture of need which diminishes the capacity of developing nations. This overreliance on aid has trapped developing nations in a cycle of ‘aid dependency, corruption, market distortion and further poverty, leaving them with nothing but the “need” for more aid’.
‘Bold’ – Peter H. Diamandis and Steven Kotler
Serial tech entrepreneur Peter H. Diamandis and author/entrepreneur Steven Kotler follow up their bestselling book “Abundance” with a look at the technologies and entrepreneurs redefining our world.
The book has valuable insight from the likes of Elon Musk, Jeff Bezos, and Richard Branson.
Like A Virgin, Richard Branson
Sir Richard Branson, the internationally famous entrepreneur, adventurer, and self-proclaimed icon has the distinction of being the only person in the world to “have built billion-dollar companies from scratch in eight different sectors”. As you can guess there’s some ego to get past here with Branson’s latest book, Like a Virgin. But as Walt Whitman once said, “If you’ve done it, it isn’t bragging”. Well, it’s safe to say that Branson has accomplished enough for him to be able to what say just about anything he feels like expounding on.
The 80/20 Principle, Richard Koch
The good thing about the 80/20 rule is that you don’t have to understand statistics to be a believer. Yes it has foundations in economics and yes, it was “proven” using statistical analysis by a man named Pareto, but it is not meant to be understood only by economics professors.
Here’s what the Wikipedia has to say about it:
The principle was suggested by management thinker Joseph M. Juran. It was named after the Italian economist Vilfredo Pareto, who observed that 80% of income in Italy was received by 20% of the Italian population. The assumption is that most of the results in any situation are determined by a small number of causes.
Anthony Robbins: Money: Master the Game (7 simple steps to financial freedom)
After conducting interviews with over fifty of the world’s financial experts, business Journalist, Tony Robbin’s synthesized all he gained from these gurus into a simple 7-step plan that anyone can use to attain financial freedom. Although ideally tailored to fit the American consumer, he takes every income level through a step to attaining personal financial freedom by creating a ‘lifetime income plan’. One of its strong suits is that he uses story metaphors to put constituent ‘steps’ in place, making the concepts very bite sized, and easy to chew on.
The books mentioned above are available at Text Book Centre.