Washington Post personal finance columnist Michelle Singletary shares her five favorite books and recommends that you read them again and again. Plus, check out the books that made the cut for Singletary’s Color of Money Book Club in 2012, which will keep you in the know when it comes to your wallet.
“The Millionaire Next Door” by Thomas J. Stanley and William D. Danko“Stanley and Danko say that most people have it all wrong about how to become wealthy. It is seldom the result of luck, an inheritance or an advanced degree from an Ivy League university. . . . While reading this book, you’ll learn that the average millionaire is an average Joe who lives below his means, invests about 20 percent of his annual income, clips coupons, wears inexpensive suits and drives an American-made car (purchased, not leased),” Michelle Singletary says.Rowman & Littlefield