It’s no secret that reading more books than the average person is a habit shared by the world’s most successful people. Take Bill Gates for example, who reads up to 50 books a year! Warren Buffett is also an avid reader, reading up to 5-6 hours per day. Buffett aligns the benefits of accumulating knowledge with the compound interest effect, it builds up over time. Here are a few of our favourite books on finance and mindset to kickstart you on your money journey. Suffice it to say that it’s time to lay off the Netflix and’ chill, and start learning with literature.
George S. Clason – The Richest Man In Babylon
The Richest Man In Babylon is essential reading for anyone looking for a place to start their personal finance journey.
Clason, in his legendary fable, explores the money principles founded by the ancient Babylonians that continue to be fostered and applicable to this very day.
Phil Town – Rule #1 Investing
Rule #1 Investing is about focusing on not losing money, that’s the basic idea. Not losing money means being sure of what you’re doing, and then proceeding with an investment because guessing and hoping is what the majority of people are doing.
Rule #1 Investing is based upon the deep value investing strategies of Benjamin Graham, Warren Buffett & Charlie Munger. Necessary reading for anyone interested in individual stock picking.
Dr. Carol S. Dweck – Mindset
Dweck enlightens her readers on why it’s not just our talent that brings us success, but whether we embrace a fixed or growth mindset.
Dr. Dweck believes that with the correct mindset, we can motivate ourselves to achieve our own personal and professional goals.
Robert T. Kiyosaki – Rich Dad Poor Dad
In Rich Dad Poor Dad, Robert Kiyosaki tells the story of his two Dads. His real Father (Poor Dad) and the Father of his best friend (Rich Dad). Kiyosaki explores how both Dads shaped his views about money and investing.
Kiyosaki believes that you don’t need to earn a high income to become wealthy. The fundamental idea that rich people make money work for them by accumulating assets over time and not liabilities in a key concept covered in this book.
Peter Lynch – One Up On Wall Street
Peter Lynch is widely known as the manager of the Magellan Fund at Fidelity Investments from 1977 – 1990. During his time at Fidelity, Lynch grew his fund from $18 million USD to a whopping $14 billion USD.
Peter Lynch preaches the idea that everyday people can find hidden gems in the stock market long before the big Wall Street players can if they know what to look for. Lynch suggests that freely available information can be employed to find fantastic growth stocks. One Up On Wall Street is more relevant today than ever.
John Bogle – The Little Book Of Common Sense Investing
A classic guide to thinking about the stock market with a long term lense. John C. Bogle, mutual fund pioneer and founder of Vanguard, reveals his key to getting more out of investing: low-cost index funds. Bogle delves into the simplest and most effective investment approach for long term wealth building.
Be sure to tell us what you think of our list on Twitter: here.