Take Warren Buffett, for example. The famous billionaire and businessman began his career reading between 600 and 1,000 pages per day.
Bill Gates reads one book a week, or about 50 books a year. Studies of rich people show that they read voraciously. With their entrepreneurial / investment skills, it is the type of books they chose to read that contributes to their success. Obviously they are not opening the Harry Potter series; they read books that will make them even richer.
In fact, here is the proof: According to Tom corley, author of Rich Habits: The Daily Success Habits of Rich People, the wealthy (those with an annual income of $ 160,000 or more and a cash net worth of $ 3.2 million or more) read for self-improvement, education and success.
Meanwhile, the poor (those with an annual income of $ 35,000 or less and a cash net worth of $ 5,000 or less) read primarily for entertainment, if at all. How many self-improvement, financial, or success books do they have you read last year?
Best Investment Books for Beginners:
What these types of books can do for you
You can read any forex books you want when you sign up for a Kindle Unlimited account which you can access on Amazon’s free Kindle reading app.
They are inspiring
It is not possible to obtain a copy of David Bach Auto millionaire and don’t want to run to your company’s HR office for 401 (k) registration papers in order to increase your 401 (k) contribution. Or, if you don’t have a 401 (k), chances are Bach will make you super excited to open one for the first time. His book makes you feel like being a millionaire is really within your reach. Any good investment book makes you feel like you’re just as capable of doing it as anyone else.
They’ll take you off the beaten track and force you to spend time thinking, period.
When you read the concept of “F-You money”, as it is set out in The simple path to wealth by JL Collins, you can be sure you’ll never think of work the same again.
They show you ways
They say that if you want to be a successful investor spend time with successful investors and learn from them. This includes reading their books. You can also learn from their mistakes. Most of these books contain the mistakes they made. Learn from them and avoid the mistakes they made.
Here is our list of books topping the charts.
They are not only informative, they are meant to help you. You’ve heard of the saying: âWhen you’re in Rome, do like the Romans. “When you find yourself in an unfamiliar situation, follow the lead of those who know the tricks of the trade.
Also, don’t forget to check out the other list of books we’ve compiled in Best Stock Books for Investing 2018.
The Millionaire Next Door: The Surprising Secrets of Rich Americans from Thomas Stanley and William Danko
The content of The Millionaire Next Door: The Surprising Secrets of Rich Americans might surprise you. The book is less about “putting your money in an XYZ index fund and investing for 20 years” and more about the daily habits of millionaires. For example, most millionaires don’t look like millionaires. They:
- Don’t drive fancy cars
- Buy expensive clothes
- Living well below your means
- Are tights
See, interesting, huh? Read the first few pages on Amazon and you’ll be hooked. The reason we include it in our list of the best investing books is that it gives great financial advice to anyone who wants to become a millionaire.
Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School by Andrew Hallam
If you have a modest salary (like that of a teacher, like the author) Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School is proof that anyone can invest successfully and get rich.
From a detailed perspective on index funds conquering your personal financial demons, Andrew Hallam’s Nine Rules can get you in good financial shape, if you follow them.
Liberated Stock Trader PRO – A Comprehensive Stock Education Education
The Liberated Stock Trader PRO Training Course is a comprehensive training solution that will teach you the four fundamental pillars of investing.
The first pillar is Fundamental analysis companies that teach you how to filter and find growth stocks, value stocks, and defensive stocks. The second is Technical analysis which allows you to master stock charts, indicators, trend lines, volume and supply and demand. The following section covers Market sentiment indicators and the psychology of trading. Finally, portfolio management, transaction execution and create your own trading system.
What makes this 5-star Amazon.com training unique is that you get a printed book Shipped, 16 hours of detailed video training by the author a certified market analyst and lifelong access to a Facebook brain group all included in the price. It’s an awesome package for those who want the knowledge to trade with confidence.
David Bach’s Automatic Millionaire
If every American kid fresh out of college picked up David Bach’s The automatic millionaire, it would change his life.
Bach offers simple steps to get you on the path to true financial freedom. Its simple style shows you what compound interest, technology, and making the right choices early (or later too!) Can do for your future.
Spoiler alert: the book aims to make your investments automatic.
Ordinary shares and unusual earnings by Philip A. Fisher
In this book, stocks are serious business, but if you are a stock investor (yes, even a beginner), Fisher’s 15 points in Ordinary shares and unusual earnings because what to look for in stocks is worth considering.
Fisher’s book is also strongly endorsed by Warren Buffett, so that fact alone is worth reading.
If You Can: How Millennials Can Get Rich Slowly by William Bernstein
You might be shocked at the direct frankness of If You Can: How Millennials Can Get Rich Slowly.
For example, the first chapter is called Hurdle Number One (instead of the first chapter, mind you): even if you can invest like Warren Buffett, if you can’t save, you will die poor. See? It’s brutal, but it certainly catches the attention of millennials who might be in need of a makeover.
Winning the Loser’s Game: Timeless Strategies for Successful Investing by Charles Ellis
If you are ready for a deep market review, timing the market, volatile markets and actively investing, this overview is for you.
Written in a simple and quick read format, Ellis’ Winning the loser’s game: timeless strategies for a successful investment is a great book if you want to rethink the way you think about your investments or invest in general.
The Simple Path to Wealth by JL Collins
Spend less than what you earn, invest the excess, avoid debt. This is one of the first sentences of Collins’ book, The simple path to wealth, and it rings true everywhere.
Collins, who began by writing letters to his daughter, transformed that opinione in a website and a book. If all of this stems from advice given to her daughter, you know that it is good advice, and it is.
Needless to say, there are thousands of excellent books on investing and finance. We only have the opportunity to scratch the surface. A theme common to all of these books is: never in history has it been easier to create wealth than today; think about all the technology at your disposal!
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