I am after some mind set books that I can give to a friend to read.
He actually has no problems with saving and does have the ability to invest and generate wealth (which is he currently doing).
The problem is that he fails to understand how his actions impact the people around him.
In his quest for more money, he makes a huge effort to cut costs. He does not understand that marriage a two way street partnership. For example, his partner has a dream to go Disneyland, one she has had since she was a child. Over the years, shes done the right things, saved money, purchased an investment property (that is now positively geared).
He on the other hand, did not make such great decisions and did buy things like a car (which she ended up lending him the money for). However over the last few years, he's been more focused on investing and has channelled his money towards purchasing investment property (so far he has bought 1 investment).
But with them moving onto the next stage of their life, he is making her cut back on things she wants to do, he prioritises his things over her and she submits (for his happiness) and agrees, but deep down i know she is harbouring resentment (though she tells herself she isnt).
Me and my wife have tried speaking to him and explaining that it is a partnership - and that while his goal is to be financially free to benefit the both of them, that goal will be cut short when his partner cracks it and leaves. Unfortunately he does not understand this (or chooses to believe it will not happen).
Do you guys have any recommended books (which still talk about investing, but focus more than just saving $x and sacrificing everything regardless of anyone else's feelings) I can flick over that can help him?
-----Short Version-----
He has a unit in Sydney that is positively geared. She has a unit in Sydney that is positively geared. Units combined are worth close to $1m.
They've recently purchased a house which is to be their PPR which is worth $1m.
Income is good, ive modelled their situation, expected time to pay off PPR is 14 years.
Need something to help change his mindset so that he doesn't drive misery into everyone's lives in his quest for more money (his goal is to get more money... nothing else).
Thanks!
Mindset Books
He actually has no problems with saving and does have the ability to invest and generate wealth (which is he currently doing).
The problem is that he fails to understand how his actions impact the people around him.
In his quest for more money, he makes a huge effort to cut costs. He does not understand that marriage a two way street partnership. For example, his partner has a dream to go Disneyland, one she has had since she was a child. Over the years, shes done the right things, saved money, purchased an investment property (that is now positively geared).
He on the other hand, did not make such great decisions and did buy things like a car (which she ended up lending him the money for). However over the last few years, he's been more focused on investing and has channelled his money towards purchasing investment property (so far he has bought 1 investment).
But with them moving onto the next stage of their life, he is making her cut back on things she wants to do, he prioritises his things over her and she submits (for his happiness) and agrees, but deep down i know she is harbouring resentment (though she tells herself she isnt).
Me and my wife have tried speaking to him and explaining that it is a partnership - and that while his goal is to be financially free to benefit the both of them, that goal will be cut short when his partner cracks it and leaves. Unfortunately he does not understand this (or chooses to believe it will not happen).
Do you guys have any recommended books (which still talk about investing, but focus more than just saving $x and sacrificing everything regardless of anyone else's feelings) I can flick over that can help him?
-----Short Version-----
He has a unit in Sydney that is positively geared. She has a unit in Sydney that is positively geared. Units combined are worth close to $1m.
They've recently purchased a house which is to be their PPR which is worth $1m.
Income is good, ive modelled their situation, expected time to pay off PPR is 14 years.
Need something to help change his mindset so that he doesn't drive misery into everyone's lives in his quest for more money (his goal is to get more money... nothing else).
Thanks!
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