Five Financial Books to Read in 2019
At the start of every year I like to share five financial related books to read. Some are newer and some are classics, but they are all that provide some type of wisdom that has served me well in my personal finances.
Five Financial Books to Read in 2019
1.) The Richest Man in Babylon - George S. Clason
This is a classic that everyone should read. It is essentially your foundation for financial know how. Thought the setting is ancient Babylon, the book uses simple parabes that display financial lessons through the experience of the characters within.
If you don't like reading financial related books, then this is the one for you.
2.) Poor Charlie's Almanack - Peter D. Kaufman
Poor Charlie's Almanack is a collection of speeches from Charlie Munger of Berkshire Hathaway.
The book is as much about life and decision making is it is about investing. Anyone who likes the idea of value investing and topics such as the power of compound interest (which is indeed your best investment ally) will enjoy this one.
3.) The little book of behavioral investing : How not to be your own worst enemy - James Montier
The title is rather self explanatory. I personally am fascinated by this topic and think it is the most important aspect of investing. Our emotions generally do us no favors when it comes to investing.
This book can help you understand what exactly is happening in your head when making financial decisions.
4.) Automatic Millionaire - David Bach
Who isn't going to notice this title? The best part about this book is to blows up all your misconceived notions that you need to make alot of money or live on a strict budget to become a millionaire.
This book is all about how you pay yourself first and how to put that on autopilot. Thus creating the automatic millionaire over time.
5.) ScaredyCatGuide to Investing in Rental Properties - Mitchell Jaworski
Okay, this is a bit of a shameless plug, given that yours truly is the author. However, the book truly is an easy read for anyone looking to begin investing in real estate.
No fancy tactics and angles, just a straightforward guide on how to get started and avoid all the common mistakes of newbie investors.
Knowledge is Power
I remember hearing this phrase as a child, but it really does hold true. The majority of successes I've had stemmed from knowledge I acquired on my own reading books written by people who already did it.
So that's the list for this year - time to get the nose in the book!
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Great suggestions, going to check out no3.
There is power in that knowledge. :-)
Great suggestions! I love the behavioral aspect of investing as it conquers your decision process if not trained appropriately. We tend to make financial decisions without realizing the impact of emotions too often.
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Never heard of The little book of behavioral investing : How not to be your own worst enemy - James Montier, but will now have to check it out. Thanks.
My pleasure man. I love the investing psychology books!