8 Books That Teach You To Be RichKehinde LAWAL
Reading enable you tap from the knowledge and experience of great men and women. I consider it as one of the most important habit to have if you want to be a successful businessman or investor, especially in places like Nigeria where people don’t share information.
So how much books should you read?
That’s a question you and only you can answer. From my own point of view, a businessman should read at least a book a week. Although, I do read up two or more books a week.
Back to the main reason why I wrote this blogpost. I came across a blog article by Darius Foroux, which consist a list of 8 books you should read to learn about becoming rich and wealthy.
I thought I should share it with my readers, so keep reading the list below. I did attach the links to download some of the eBooks. Do download it and thank me later.
8 Books That Teach You To Be Rich
This book was published in 1926 and as far as I can tell, it was the first popular book on personal finance.
Usually, I’m not into parables. But this is a great book. It’s the only parable that I’ve read that makes the message of the book even more powerful.
What I enjoyed most about this book is that it teaches you to transform your relationship with money. This will change your life.
Money is something you trade your life energy for. Think about it. You work to earn money.
But you spend your time to work. That’s why Robin and Dominguez spend the first part of this book to make us aware that more is not better.
According to Darius, the Intelligent Investor is one of the most important books that helped him realize that investing in stocks is not for him.
If you already know that you don’t want to invest in individual stocks, you don’t have to read this book. However, if you are interested in finance, I highly recommend it. The commentary by Jason Zweig, a WSJ columnist, is also excellent.
Jack Bogle founded Vanguard and created index funds. Unlike everyone else in finance, he’s not worth billions. Why? He created financial products for the people.
Vanguard is a unique company. Why? It’s the only company in finance that has the same interest as you. When you invest in their funds, they win, and you win.
Instead of buying individual stocks, Jack Bogle demonstrated that it’s much better to buy all the stocks in a certain index, industry, group, or even country.
Malkiel is an economics professor at Princeton. Usually, economics professors are the last people you should take financial advice from because they are disconnected from the real world.
But Malkiel is different. A Random Walk Down Wall Street digs deep in various investment strategies but remains practical at all times.
If you want to read only one book on this list — pick this one. The proposed plan in this book comes close to my personal financial strategy.
Collins is a practical man. And according to Darius, “The Simple Path to Wealth” is the most practical book he’d read on personal finance.
He recommends saving 50% of your income. And that’s what I believe in too. The more you save early in your career, the better.
Until now, I shared books that tell you WHAT to do with your money. But HOW do you even make money? If you have only one income stream, it’s time to change that.
It’s one thing that no book on personal finance addresses. My personal view is that valuable skills result in more income.
In general, the better you are at your job, the better your compensation is. It’s also true for entrepreneurship. That’s why I’m an advocate of investing in yourself.
After the first time I lost money on the stock market, it took me eight years to make another investment. Why?
One of the most important lessons I’ve learned from reading about investing and talking to investors is that it’s scary. No matter how much you know about investing, the fear will never go away.
So if you want to be a good investor, learn how to deal with the fear. And this book by Carnegie is one of the best books to help you do exactly that.
Hope you enjoyed this brief post on the 8 finance book you should read. If you would like to suggest any other book, kindly drop the title or download links in the comment box below.
NOTE: Click on the book title in RED to download the free eBook. You can thank me later.
Want to read the full article, click the link below.
Article Source: Darius Foroux’s Blog