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Firm Updates & Advisor Advice
January 2022

2022 Strategic Financial Book Review

Katy Heinz
Happy New Year! Do you have a Resolution to improve your financial health? Here’s our personal curated book list of team member favorites to get you started!

With the New Year’s Resolution season here, the Strategic team got together to come up with a list of some of our favorite reads about managing money. Financial literacy is something we are very passionate about and we believe you can never start learning the importance of responsible wealth management too early. So if your resolutions include improving your financial health, this blog is for you! Here we have curated our list favorites from the Strategic team including books for kids all the way up through the fundamentals of investing. Happy New Year and Happy reading!

The Laws of Wealth: Psychology and the secret to investing success

So much of the world of finance is naturally based on dollars and calculations. As both an asset manager and clinical psychologist, Dr. Daniel Crosby shows how our own behaviors have a huge impact on our decision-making. I’ve been fortunate to see him present in person, and you’ll enjoy his ability to educate and entertain at the same time. Great for both newer as well as seasoned investors.

Mike Durand, Lead Advisor

The Total Money Makeover by Dave Ramsey

If you have debt weighing you down, this is a great read. The author does a nice job of laying out the most common money myths out there today as well as covers some financial fundamentals. He then lays out his plan on how to achieve financial freedom which he calls ‘The 7 Baby Steps.’ I love the inspiring success stories that are scattered throughout – they really highlight the power of discipline and hard work to set you up to meet clear set goals.

Katy Heintz, Business Development Manager

Caterina and the Lemonade Stand by Erin Eitter Kono

For the kids with an entrepreneurial spirit at a young age! This book tells the story of Caterina who desperately wants a new scooter. It’s a great lesson about saving and working creatively for something you want! My kids also love the illustrations!

Cody Carnaya, Associate Advisor

Rich Dad, Poor Dad’ by Robert Kiyosaki

This book is great because it is written in a simple language that anyone can understand, providing a great introduction to the world of finance. Focused mostly around the fundamentals of building wealth, it has inspired millions of readers to start the journey since its publishing back in 1997.

“The Rich and middle-class work for money. The rich have money work for them.”

Justin Hearty, Associate Planning Specialist

The Little Book of Behavioral Investing by James Montier

It is an easy and enjoyable read and can help individuals avoid some common pitfalls. Many of the behavioral issues I discuss are drawn from this little book. James Montier provides solid strategies to help eliminate the traits driven by emotion that can cause problems in investment decision-making.

Doug Walters, Chief Investment Officer

Understanding Money from Usborne

I am exploring this book with my 7-year-old twin boys to start building their financial literacy early. Not only does this book simplify complex concepts, but it also addresses how people can feel differently about wealth and comfort levels when discussing money. It’s important to me that my children have a fundamental understanding of money beyond just dollars & cents, and this book nails it!

Laura Powers, Lead Advisor

The Little Book of Common Sense Investing by John Bogle

This is my go-to recommendation for a guide to understanding the market. Currently, on its 10th anniversary edition, this book has both proved its strategy over time as well as been updated to reflect current data and new information. There’s a reason it’s considered the ‘best-selling investing bible.’

Aaron Evans, Senior Advisor

The Millionaire Next Door by Thomas Stanley, Ph.D. and William Danko, Ph.D.

This is a great book that walks the reader through seven traits commonly found in those who have accumulated wealth. You may be surprised to learn that most wealth is made, not inherited and it may be more achievable than you think to amass wealth through traits like simple frugality. It’s a great read for those just starting out but remember, it’s never too late to work toward and achieve financial independence!

Ben Saltzman, Financial Planning Specialist

About Strategic

Founded in 1979, Strategic is a leading investment and wealth management firm managing and advising on client assets of over $2 billion.



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