I love learning new things and digging deeper into various topics. Self-learning actually excites me. It isn’t for everyone, but for people who do like to learn on their own, I decided to share a couple of the best books available on money and/or investing topics. So here are the top five books on money and investing that I recommend…
1. Automatic Millionaire
The Automatic Millionaire is the #1 book I recommend to people who are interested in money and investing. No, it isn’t a “get rich quick” type of book as I feared when I first saw the title. Instead, it is all about the power of small consistent actions, and some thoughts on automating them. It’s amazing how small changes kept steady over an extended period of time can build amazing wealth and financial security.
2. Millionaire Next Door
So many people have a messed-up (wrong!) perception about millionaires. Dr. Thomas Stanley and his team did extensive research on wealthy people and decided to share the information with readers in his book the Millionaire Next Door. In it, he talks about the spending habits, family dynamics, investing philosophies, and much more, of average millionaires. Learning how wealthy people live is a great first step toward positioning yourself to be wealthy!
3. Simple Wealth Inevitable Wealth
Simple Wealth Inevitable Wealth is an awesome book on investing! The author has been an investment advisor for dozens of years and does a great job explaining the returns of different asset classes (like stocks vs bonds), how to position your investment portfolio for the best returns, and how to survive through market fluctuations without panic. It’s way up on my list for people who want a great investment primer. NOTE: This book is out-of-print but there are used versions for sale for under $20. Definitely grab one – they used copies are fine (mine was a used book also).
4. Rich Dad Poor Dad
Amazon’s mini-description does a great job of explaining Rich Dad Poor Dad: “Rich Dad Poor Dad, the #1 Personal Finance book of all time, tells the story of Robert Kiyosaki and his two dads—his real father and the father of his best friend, his rich dad—and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.” I read this MANY years ago and it remains highly recommended.
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5. Intelligent Investor
The Intelligent Investor is a classic book on value investing by Benjamin Graham – from whom Warren Buffet learned most of his investing practices that have made him one of the wealthiest people in America. It’s a bit dryer of a read but still packed with lots of great information. If you’re a bit geeky on the topic of investing, but haven’t read this yet, definitely pick up a copy.
Of course, we put out a lot of articles about investing topics right here on MaximizeYourMoney.com. So if you don’t want to go through an entire book on your own, consider subscribing to get our new posts delivered via email when they release. One of our primary goals is to help you become an intelligent investor by presenting information in a way that is easy to understand yet with enough substance to be valuable and actionable.