4 Best Finance Books You Need To Read
1. Rich Dad Poor Dad by Robert T. Kiyosaki
This is a fun, classic finance book on mindset, lifestyle, and action to accumulate wealth.
Favorite quotes:
My brain gets stronger every day because I exercise it. The stronger it gets, the more money I can make.
Most people fail to realize that in life, it’s not how much money you make, it’s how much money you keep.
An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.
Going into our fear and confronting our greed, our weaknesses, our neediness is the way out. And the way out is through the mind, by choosing our thoughts.
Poor people simply have poor spending habits.
2. The Richest Man in Babylon by George S. Clason
This is a short story with some great rules to live by.
Favorite quotes:
Always save 10% of what you earn.
Better a little caution than a great regret.
3. The Intelligent Investor by Benjamin Graham
This is Warren Buffet’s favorite finance book. It’s a bit dense but has wonderful advice even for a new investor.
Favorite quotes:
The market is a pendulum that forever swings between unsustainable optimism and unjustified pessimism. The intelligent investor is a realist who sells to optimists and buys from pessimists.
The future value of every investment is a function of its present price. The higher the price you pay, the lower your return will be.
The investor’s chief problem is likely to be himself.
Age should not effect your investment strategies.
Never buy a stock immediately after a substantial rise or sell one immediately after a substantial drop.
4. The Millionaire Next Door by Thomas Stanley
This book outlines the habits and lifestyles of America’s wealthiest people.
Favorite quotes:
Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend.
Live well below your means.
Financial independence is more important than displaying high social status.
Being frugal is the cornerstone of wealth-building.
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