list of some of the best books for personal finance and investing

list of some of the best books for personal finance and investing

Best Investing and Personal Finance Books

Here is a list of some of the best books for personal finance and investing

Personal Finance

Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money–That the Poor and Middle Class Do Not! by Robert Kiyosaki

I read this book about 6 years ago and that is what really opened my eyes to the way money works. It starts out with the author telling you about how he tried to find ways to make more money as a kid. Then he gets an ‘apprenticeship’ with his best friend’s ‘rich’ dad and he contrasts what he learns from the rich dad against his biological father; the ‘poor’ dad. It’s a quick read especially since it reads like a fiction book but there are lots of great action steps that you can take. This is more of the stepping stone book for those that don’t really understand how money works. If you know how money works already, then you have a positive net worth, or you’re only a few years off depending on what you started from. http://amzn.to/RichDadBook101

The Richest Man in Babylon by George S. Clason

I recommend this book to almost everyone that I talk to when we are talking about money and wealth. It has very practical solutions to building wealth and getting out of debt. The story includes parallels between today’s world and the world of Babylon, arguably the richest empire in history. This is where I first learned the 10% principle of paying yourself first. You will also learn the laws of money, follow them to become a master of money. http://amzn.to/RichestManinBabylon

Think and Grow Rich by Napoleon Hill

This is also one of my favorite books about the psychology of money. I always have to read this book in sections. Because after I read one section, I am driven to put into practice what I have just read. You’ll learn about surrounding yourself with the right people and how to open your mind to opportunities. That’s when you really start to understand that money is a tool. http://amzn.to/TTUt7k

I Will Teach You to Be Rich by Ramit Sethi

I like this book because it is full of practical knowledge. You immediately get a blueprint for money management that will help you avoid overdraft fees and scoop up big wins. The type of big wins that will put you ahead financially. The style is very in your face and a bit aggressive at times but chock full of action items nonetheless. http://amzn.to/WK9Ki8

The Broke Diaries: The Completely True and Hilarious Misadventures of a Good Girl Gone Broke by Angela Nissel

This is a fun book that shows the other extreme of money. It is a true story that follows a girl who simply cannot get out of being broke. This book is really funny but also a great way to learn the lesson that money runs from those who do not know how to manage it. http://amzn.to/TjLhxL

Investing

Understanding Stocks by Michael Sincere

Pocket-size guide to everything you need to know about stocks; including more than 50 quick, easy, and entertaining lessons on stocks and investing. Discusses how to open an account, evaluate a stock, and place a trade; strategies for making money slow or fast, with the advantages and dangers of each; and ten costly mistakes that are easy to make. http://amzn.to/QErtWQ

Option Spread Trading: A Comprehensive Guide to Strategies and Tactics by Russell Rhoads

A practical guide to unlocking the power of option spreads
When dealing with option spreads your looking to purchase one option in conjunction with the sale of another option. If managed properly, these spreads can provide experienced investors with the potential for large returns without undertaking a great deal of risk.

Option Spread Trading provides a comprehensive, yet easy-to-understand explanation of option spreads, and shows you how to select the best spread strategy for any given market outlook. Along the way, author Russell Rhoads discusses spread strategies that can be used to profit from a strong up or down directional move in a stock, a stagnant market, or a highly volatile market. He also details how you can harness the leverage of options to create a low-risk position that provides the potential for a big profit.

  • All manner of spreads are covered, from calendar and horizontal spreads to vertical and diagonal spreads
  • Highlights how you can monitor and adjust an existing spread position and provides tips on how to exit a spread trade
  • Includes exercises and examples to test and reinforce your knowledge of the concepts presented

Option spread trading has become increasingly popular with active traders and investors. Gain a better understanding of this powerful approach with Option Spread Trading as your guide. http://amzn.to/OptionSpreadTrading

The 100 Best Dividend Paying Stocks to Own in America by Gene Walden

New tax law changes have made dividend-paying stocks a much more attractive option for stock market investors. Now best-selling author Gene Walden helps you find the best stocks with the most generous stock dividends. But high yields alone are not enough to land a stock on this Allstar list. Walden screened thousands of stocks to find excellent dividend-paying companies with growing earnings and revenue, and the potential for stock price appreciation. http://amzn.to/U5IYfe

The Sleuth Investor: Uncover the Best Stocks Before They Make Their Move by Avner Mandelman

Mandleman is founder and CEO of Giraffe Capital Corp., one of Canada’s most successful private investment firms. He says that knowledge of the human element inside a company is more important and harder to come by than all the investment data to which the public has access. Uncovering the real story behind a company is more challenging than staring at a computer screen all day, however. “Sleuth investing” requires a knack for schmoozing with receptionists, VPs, managers, and customers of the companies in which you own stocks. This is the same kind of fieldwork that Peter Lynch and Jim Cramer used to great advantage managing mutual funds and hedge funds, respectively. Unfortunately, most individual investors and even most professional money managers don’t have the time or inclination to do the kind of legwork required to get the goods on what is really happening inside a company. To this end, you can gain a clear advantage by using the techniques Mandleman describes. If you’re serious about knowing exactly where your hard-earned money is going, this is probably the one area where you can gain a true advantage in the stock market. David Siegfried Copyright © American Library Association. All rights reservedhttp://amzn.to/S56F7S

The Book of Investing Wisdom: Classic Writings by Great Stock-Pickers and Legends of Wall Street (Book of Business Wisdom) by Peter Krass

This collection of speeches and articles provides sound investment advice. The contributors, well-respected experts, include Peter Lynch, who suggests buying stocks in a field you know through personal experience; Mario Gabelli, who discusses how world economic growth expands opportunities for American investors; and Martin Zweig, who explains the merits of selling stocks short. The weakest feature of these tapes, which are well narrated by Richard Poe, is the lack of new information for experienced investors; the strongest point is that the opinions given are solid. Recommended for most public libraries. Mark Guyer, Stark Cty. Dist. Lib., Canton, OH Copyright 2001 Reed Business Information, Inc. http://amzn.to/RaQFUJ

The Intelligent Investor by Benjamin Graham

Among the library of investment books promising no-fail strategies for riches, Benjamin Graham’s classic, The Intelligent Investor, offers no guarantees or gimmicks but overflows with the wisdom at the core of all good portfolio management. The hallmark of Graham’s philosophy is not profit maximization but loss minimization. In this respect, The Intelligent Investor is a book for true investors, not speculators or day traders. http://amzn.to/10BUu6T

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