We know that there are a lot of beginner investors among our users, so we decided to write an article about the best "how to make money" books.
There are no magic pills, and the first thing you have to do is to learn how your money works. After this, you can manage your life through a stable cash flow and a correct investment strategy.
Alice Schroeder's, "The Snowball: Warren Buffett and the Business of Life"
Alice Schroeder's book is a must-have in the library of any aspiring investor. Warren Buffett is a fantastic person who has achieved unprecedented goals in his life. Alice Schroeder spent five years talking to the protagonist of her future book, his family, friends, and business partners.
The book turned out to be extremely honest and motivating. It's heavy enough (about 900 pages of text), but there is no "water" and it is easy to read. Here, you will find a little bit of autobiography, a little bit of practical experience, a little bit of humor, and a lot of useful information for beginners.
Bodo Schaefer's, "The Road To Financial Freedom"
We really like this author! He explains complicated things in simple words, arranging everything on the shelves. This book has many specific and practical recommendations. How to save? How to set financial goals and achieve them? How to get rid of debts?
It seems that many authors write on the same eternal topics. But Schaefer does it as a good teacher: clearly, specifically, with humor and examples from life. We will say for ourselves: after reading "The Road...", we want to roll mountains, literally.
Carl Richards', "The Behavior Gap. Simple Ways to Stop Doing Dumb Things with Money"
The author of the book is a guru of financial planning. He gives a bunch of funny examples of how we continuously fall into the same traps of useless spending.
Be sure to recognize yourself or someone you know in every situation. Carl Richards' simple recommendations fundamentally change "consumer behavior."
Benjamin Graham "The Intelligent Investor"
According to expert reviews, this is one of the best books on investments.
It shows the basic principles of portfolio investment using the stock market as an example. After reading, an understanding appears of how the investor differs from the usual speculator. These participants operate with the same tools but look at them differently. The author suggests using a cautious approach to investing, as well as applying diversification. In this case, investors are classified as active and passive.
This book is a must-read for anyone who wants to increase their capital by investing in stocks.
Peter Lynch's, "One Up On Wall Street: How To Use What You Already Know To Make Money In The Market"
This book was written by Peter Lynch, one of the most prominent financial managers of our time, and here, you can find simple investment tips. There are basic principles of work:
It is necessary to evaluate your abilities as a potential investor. You need to learn to assess and correctly analyze options for investing funds. It is worth choosing convenient financial instruments.
Moreover, the work is written with wit and is fascinating and very easy to read. Therefore, it is popular, even with experienced investors.