The Intelligent Investor
Graham is widely considered to be one of, if not the father of
value investing. Graham's philosophy helped shape Warren Buffett into a
multibillionaire and made him one of the most successful investors ever.
Graham also laid out many fundamental strategies for stock selection
and safety measures. If you are going to read just one book about
personal finance, make it The Intelligent Investor by Benjamin Graham.
It is a timeless classic that deserves a place in every investor's
library. Whether you are new to investing or have been at it for
decades, no doubt you can learn something from Graham's approach. Stocks
should be held with your mindset as an owner: expecting them to perform
well over time but having no preconceived notion as to when they will
do so (or fail). Follow these techniques and rules consistently -- don't
let emotions get involved - and chances are good that your portfolio
will grow steadily over time. Absolutely recommended for stock market
investors.
The Wealthy Barber
The Wealthy Barber is one of Canada’s top five bestselling books
and has become a classic Canadian book that has sold over 1.5 million
copies worldwide. At its core is an easy-to-follow, step-by-step plan to
follow to make sure your financial life is working as efficiently as
possible. Advice ranges from You Can Do It! tips to more detailed
guidance: How many houses Should I Buy? How do you choose which stocks
to buy? What kind of investments should you start with? The answers are
all here, in plain English, with plenty of humour mixed in for good
measure. If you want to be wealthy—and stay wealthy—you need to read The
Wealthy Barber now. You’ll be glad you did. Every page is filled with
sound advice and strategies that anyone can follow - regardless of age
or income level. Why? Because those things don't really matter when it
comes down to it (Chapter 3). As long as you set your goals properly and
learn how money works, anyone can accumulate wealth—starting right now.
The Richest Man in Babylon
The Richest Man in Babylon is one of my favourite personal finance
books. The story, written by George S. Clason, illustrates how a man
becomes wealthy through methodical saving and hard work. This book is
definitely worth your time if you’re looking to set yourself up for
long-term financial success. This book will tell you about the secrets
of financial success used in past centuries. The story is based on Arkad
who is a rich merchant of Babylon. He is very rich and spends their
money excessively but one thing is to be noted that he doesn't have
these things or money earlier. Clason has shared the secrets by using
this character. This is a story kind of book. which you gonna love.
Psychology of Money
The psychology of money is one of a wide array of factors that
influence how people spend, save, and invest their hard-earned dollars.
While money isn’t everything, understanding money—and how to handle it
responsibly—is an essential life skill. Like any other area in life
where people have conflicting interests, a little bit of knowledge about
human nature will help you stay out of trouble when dealing with
personal finance issues. The psychology of money changes your
perspective towards money. It describes the thought process of people
about money born in different decades and different regions. This book
will just blow away your mind. Absolutely recommended to beginners. I
think You should start with this book if you are in your teens or
twenties.
Rich Dad, Poor Dad
Kiyosaki uses his own experiences as a starting point for guiding
people to a better life through financial independence. Rich Dad, Poor
Dad explains basic principles about money in simple language that any
layperson can understand and provides readers with financial advice. The
book recommends adopting an aggressive approach to building wealth,
rather than simply living within one's means. Kiyosaki illustrates his
points with examples from his own business successes and failures, as
well as stories of other wealthy individuals and entrepreneurs, such as
Bill Gates and Donald Trump.
In this book, Robert Kiyosaki has shared his life journey from being a normal guy to a billionaire. I am sure that you can’t stop reading after starting it. If you want to achieve financial freedom and become successful in your life, then you should read it! I believe that every person can make money with diligent hard work and effort if he/she is persistent in doing so. It doesn’t matter if you are rich or poor; as long as you have a will and persistence, making money is only one step away.
Automatic Millionaire
Everyone should have an automatic savings plan, Bach says. The key
is starting young and making your savings automatic. Bach explains why
many people fail to follow through on their plans to save and gives tips
for getting into (and staying in) an automatic saving routine. In
addition, he addresses investing options and tells readers how much they
need to save each month to achieve financial security by age 65, as
well as how much they need to put away if they want $1 million in
retirement money. Finally, he describes five myths about personal
finance—including that you can’t get rich with a small salary—and
debunks them. Start now. You don't need anything other than a few bucks
to start an automatic savings program with a direct deposit. The first
principle of successful savers is: Don't wait, Bach writes.
Broke Millennial Takes On Investing: A Beginner's Guide To Leveling Up Your Money
Erin Lowry, more commonly known as Broke Millennial, is a
well-known blogger about personal finance and investing. Her book offers
a great guide for those who are just starting out in their 20s or 30s
to get ahead financially. The book covers topics like student loans,
real estate investing, and other helpful tips for those who want to be
wealthy but don't know where to start. While some may have heard of
these broke millennials before, many have not read any of her advice for
long term financial stability. For anyone looking for a good way to
improve your finances (even if you're broke), it's a great starting
point with some solid advice.
I Will Teach You To Be Rich
In this book, Ramit Sethi gives the reader practical, step-by-step
strategies for tackling their personal finances. The book is a top pick
among personal finance blogs and news outlets (including Business
Insider). Sethi says the reason for that is because he doesn’t focus on
theory — only practical steps. He covers subjects like building credit,
finding a good financial advisor and negotiating your salary to be
better than money advice given by other books. There’s even discussion
of tactics like rotating three credit cards to keep the best terms
available. It’s one of the most recent books about money matters but is
still praised as a classic work about managing your finances. Check out
the book to get a great roadway to becoming rich.
Why Didn't They Teach Me This in School?
The Four Pillars of Your Financial Future: This one is a gem. It’s a
book for high school and college students, as well as young
professionals, to help them figure out how to prioritize their finances
and avoid some common financial mistakes. If you want to make sure your
future self doesn’t say Why didn’t they teach me about credit scores in
school? then pick up a copy of Why Didn't They Teach Me This in School.
Not only is it a fantastic read, but it’s also an easy way to ensure
that you don’t get stuck with bad financial habits early in your
career.
The Millionaire Fastlane
Millionaire Fastlane is a self-help book that is based entirely on
the author’s life experience. The author, M.J. DeMarco, has a successful
career in financial planning and wants to share his personal
experiences and methods with the rest of the world. In Millionaire
Fastlane, he argues that there are only two paths to wealth: an early
retirement or a high-income job. Any other approach leads to mediocrity
and failure. M.J. believes that every person who decides to be wealthy
must embrace seven different Fastlane principles. Together, these
principles form what he calls The Seven Laws of Wealth Attraction (his
eighth law is about accelerating your success). These laws focus mainly
on eliminating debt, controlling expenses, and finding people who will
help you achieve your goal of becoming rich fast.
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