Today I want to focus on the best financial books you absolutely must read.
These might be also good Christmas gifts.
A 𧡠on timeless investing books and their lessons
These might be also good Christmas gifts.
A 𧡠on timeless investing books and their lessons
So, first of all here are the 3 books
Book number 1: The Richest Man in Babylon
This 96-year-old book is by far one of the best books to adjust your mindset.
George Samuel Clasonβs work is regarded as a classic of personal finance. Perhaps personal finance even started here.
This 96-year-old book is by far one of the best books to adjust your mindset.
George Samuel Clasonβs work is regarded as a classic of personal finance. Perhaps personal finance even started here.
Here are the key lessons from this timeless piece of art:
1. Invest in yourself
2. Make your money work for you
3. Protect your future income
4. Donβt spend more than you make
5. Invest in what you know
1. Invest in yourself
2. Make your money work for you
3. Protect your future income
4. Donβt spend more than you make
5. Invest in what you know
Book number 2: The Intelligent Investor
There is a good reason why most financial enthusiasts recommend this book.
This book was written in 1949, which is 73 years ago.
One would think that the lessons would by far be obsolete by now. Wrong.
There is a good reason why most financial enthusiasts recommend this book.
This book was written in 1949, which is 73 years ago.
One would think that the lessons would by far be obsolete by now. Wrong.
Actually, most successful investors follow these outlined principles:
1. Understand the value of the business you are investing in
2. Make investments objectively
3. Prioritize research over impulses
4. Steer clear of the herd
5. The past matters β but not too much
1. Understand the value of the business you are investing in
2. Make investments objectively
3. Prioritize research over impulses
4. Steer clear of the herd
5. The past matters β but not too much
Book number 3: The Psychology of Money
The emotional aspects that influence how financial decisions are made should not be ignored.
Investing is 90% psychology and 10% intellect.
The emotional aspects that influence how financial decisions are made should not be ignored.
Investing is 90% psychology and 10% intellect.
Here are the key lessons:
1. Getting and staying wealthy are two different things
2. Compound interest is a mighty force
3. Include room for error
4. Stick to your plan
5. Freedom is the highest dividend
1. Getting and staying wealthy are two different things
2. Compound interest is a mighty force
3. Include room for error
4. Stick to your plan
5. Freedom is the highest dividend
That's a wrap. Which other book would you add?
Make your Christmas different and gift yourself the best thing to become wealthy: knowledge!
Make your Christmas different and gift yourself the best thing to become wealthy: knowledge!
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