Financial growth starts with financial literacy. Understanding how the money works – investing, management and spending and earning money is the best place to start when you want to grow financially.
This is best done through reading books that will help you understand how to achieve your financial goals.
Best decisions start from a well-informed mind.
Your financial decisions would determine your wealth gain or loss. Even before you start investing, you must read on it. You have to be financially literate to make sure that your actions are geared towards attaining your goals.
Below are the 7 books that were hand-picked by author to help you learn about finances and investment.
The contents of the books listed will stimulate your curiosity on money matters. These books could guide you on how to grow financially.
#1 The Intelligent Investor: The Definitive Book on Value Investing by Benjamin Graham
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Written by no less than the “Father of Value Investing,” Benjamin Graham. A well-known investor, economist, and professor aimed to educate people on how to be an intelligent investor through this book. In his words in through The Intelligent Investor, he did not equate intelligence with high IQ or academic performance. He defined an intelligent investor as a person who has the right mindset and attitude.
Reading this book will help you develop the right mindset, attitude, and characteristics toward investments. This will help you start with the right attitude towards investment while learning its principles and concepts.
The Intelligent Investor is focused on value investing and the margin of safety, two concepts that you will find very useful when you are deciding which market to invest.
#2 Rich Dad, Poor Dad by Robert Kiyosaki
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This is a hand-gripping book you could finish in one sitting or two. Robert Kiyosaki narrated his childhood and investment ventures in this parable-like writing.
Rich Dad, Poor Dad is discussed on what a rich father teaches his kids and what a poor father teaches his. The author distinguishes the mindset of the poor versus the rich. It educates the readers on the attitudes, thinking and behavior of a rich person towards money.
Through Robert Kiyosaki, you can learn the concepts of assets, liability, income and expenses, cash flow and other foundations of financial literacy.
#3 Think and Grow Rich by Napoleon Hill
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Napoleon Hill’s Think and Grow Rich promotes personal development and self-improvement. This book is based on Hill’s twenty years of studying people who have amassed fortune. Think Rich and Grow Rich contains philosophy on how to increase one’s income and to succeed in any field or work.
After reading this book, you could learn the thirteen principles or steps to succeed as encompassed in the “Philosophy of Achievement.” In a nutshell, Think and Grow Rich focuses on the mindset on how to succeed in all aspects of life, specifically in finance.
#4 The Motley Fool Investment Guide: How the Fools Beat Wall Street’s Wise Men and How You Can Too by David Gardner and Tom Gardner
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A clever piece of literature to help readers understand investments. The Gardners have put into writing the how a layman can earn money in individual stocks and build their diversified investment portfolio.
Reading the Motley Fool Investment Guide will educate you on how to invest with minimum capital. Yes, investment does not always require huge amount of money and the best time to invest is now – these are lessons from the book.
David and Tom Gardner’s book educates the readers on everything they need to know about finances such as bank accounts, bonds, mutual funds and others. More interestingly, they used teen-speak!
#5 How Rich People Think by Steve Siebold
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How Rich People Think explains how the mindset of the middle class and wealthy people differ. The concepts in this books is a product of Siebold’s almost thirty years of conversations to financially successful people. He boldly explained in this book the mindsets of the rich and how the readers can apply these principles to improve themselves.
This book gives you an insight into the mind of the rich. It’s definitely something that will help you to grow financially.
#6 Rich Habits: The Daily Success Habits of Wealthy Individuals by Thomas Corley
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Similar to Siebold, this book is a product of conversation with rich people. However, it does not focus on the mindset, but on the things that rich people do to help them amass wealth. Corley spent five years of talking to rich people and summarized their habits in this book.
Included in this book is a step-by-step financial success program that any individual can apply to improve their wealth. Corley provided ten principles that are easy to understand and follow. He believes that by following these principles, the readers can also grow financially.
#7 The Only Investment Guide You’ll Ever Need by Andrew Tobias
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Andrew Tobias wrote a light and humorous book. The author made this book a fun book to read with anecdotes and stories. The Only Investment Guide You’ll Ever Need will educate you on investments while being entertained.
This book contains basics of investing from personal finance, investment options, tax strategies, life insurance and others. You will find in this book practical advice on personal finance and investments.
This is a great book to read especially for those who are first-time investors.
The books listed here are just a few books you may read to help with your financial growth. If you are really looking to improve your finances, take time to read as most successful people do.
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