Reading has been a huge part of my journey towards financial literacy, there are thousands of books written intelligent investors who share their strategies. There is a lot to learn from these books, including life style habits, financial habits, investing strategies, and much more. With all the books I’ve read so far, here are my top 3.
- I Will Teach You To Be Rich
- Rich Dad Poor Dad
- The Little Book Of Common Sense Investing
I Will Teach You To Be Rich by Ramit Sethi I believe that everyone should read this book, especially if you are just starting your journey towards financial literacy. This book teaches realistic ways that anyone can use to become rich in the long term. This book gives your actionable steps including budgeting, getting out of debt, building credit, creating wealth, and much more. It isn’t just about investing, this book is a must read.
Rich Dad Poor Dad by Robert T. Kiyosaki This book gives insight on Roberts life and the influence from his two dads, his rich dad, who was high on investing and real estate, and was rich. And his poor dad, who was a teacher, and followed the traditional schooling route into a 9-5, constantly working harder to get more money, only to get more in debt because he had more money to spend, which put him further into debt. He talks about the influence of both of his dads throughout his life and is a very interesting read. I would highly recommend this book to anyone trying to escape the traditional 9-5 mentality.
The Little Book Of Common Sense Investing by John Bogle I loved this book because it was fairly short and packed with useful information. He basically says that the best investment you can make for the average American is simply to buy index funds. The book doesn’t go over any complicating strategies, he just believes that index funds can make any one rich and require little knowledge and even better, little maintenance. He gives examples of different investments, including mutual funds and others. And then he shows that index funds would’ve been better then the investment used as an example. Overall this book made me value index funds very highly, if you want to know the details on why, then I would recommend this book!
April 23, 2021 at 6:43 pm
I loved all of the book recommendations and how passionate you sounded about all of them! I want to start getting into reading more and when I do I will definitely have ti look these up!
April 24, 2021 at 5:02 pm
These sound like they could be some interesting reads for people that are interested in financial literacy. I’ll have to check them out someday.
April 26, 2021 at 4:24 pm
I had heard of I Will Teach You To Be Rich before but didn’t know much about it. Thanks for the recommendations and summerys.
April 26, 2021 at 4:41 pm
Definitely interesting sounding books, I’ll have to give them a look up some times~!
May 27, 2021 at 8:20 am
awesome
August 22, 2021 at 6:29 pm
Rich dad, poor dad is one of the biggest financial self help books of all time with an estimated 32 million copies sold.
First published in 1997, how much of Robert T. Kiyosaki still rings true, almost a quarter of a century later?
August 29, 2021 at 4:21 pm
I took away many important things from this book, there may be a couple of dated things but his overall message is still powerful and insightful, would still recommend.