This weekend I picked up a few $1 books at a used book sale. “The Millionaire Next Door” and “The Wealthy Barber”, and a sweet Barron’s “Dictionary of Finance and Investment Terms”.
As I delved into “Wealthy Barber”, I couldn’t help but feel more and more frustrated with each passing chapter. It wasn’t just that the advice was the standard, “pay yourself first” and “invest in real estate”, which is all well and good…
It was that it wasn’t written for the small business owner.
But DebtKid! I’ve read that book, and isn’t one of the characters self employed?
Yes, the book does cover some basic advice for the self-employed, KEOGH plans, and a bit on the tax benefits of being in business.
The Big Three Categories
But it made me realize a few things:
- There is a big difference in personal finance for business owners vs. W-2 earners
- I also believe there is a difference for business owners than freelancers
That means there are really 3 main categories for which I believe personal finance advice is dramatically different. The W-2′er, The Freelancer, and The Business Owner.
Now, personal finance is called “personal” for a reason. Everyone is different.
However, I feel a bit neglected. I searched for personal finance books for business owners and entrepreneurs on Amazon, and found just one that looked good (written in 2002). Maybe most business owners have accountants or money managers that handle all this stuff, but I think there is a severe lack of good personal finance info out there for the Business Owner.
PF Resources for Freelancers and W-2 Workers Abound
Mrs. Micah does a great job covering finance for the Freelancer, and they are countless numbers of great personal finance blogs.
But where’s the small business love? Where’s the advice for the company with just a few or a few dozen employees, but more than a single-shop?
I love being a small business owner. And I now love talking about personal finance. Over the next few months I’m going to read a bunch of books to add to my knowledge of how those two loves can meet up.
Do you know any good small biz personal finance resources?
Anyway, if you know of some good blogs or resources on personal finance for the business owner, I’d love to hear about them in the comments!
