Hey Veterans: Here Are The Top Personal Finance Books You Should Be Reading
Are you a veteran who is interested in investing your hard-earned dollars for the future?
Do you want to learn about the pitfalls of personal finance before you risk your hard earned money?
Are you terrified of “losing it all”?
Well, you are not alone. Luckily for us there are some real experts at gaining wealth that we can lean on to help avoid some of the most common mistakes.
We have done some digging around in the internet and have come up with some awesome books that can ‘level up’ your investing skill-set real quick.
It is clear that a new investor requires knowledge and inspiration to start an investment and stick to it long enough to reap profits. It is wise to read about others who have experienced pitfalls and success so that you can learn from their mistakes!
The better you understand the dynamics of personal finance the better you are able to equip yourself with knowledge that helps you make informed decisions.
The following books are a must read for any investor who desires to be successful.
1. “The Intelligent Investor” by Benjamin Graham
The author of the book is popularly known as the “godfather of value investing. ” He details the history of the stock market for you to understand proper investing in the market. He educates readers on how to analyze a stock. The book gives investors the secret to reaping big gains during the downs of the market rather than being caught up in it.
Graham gives insight into the type of trade advice to keep and which to ignore with his character Mr. Market. This book will keep you engaged and enlightened and thus it’s a must-have if you desire to be a successful investor. Look, this guy taught Warren Buffett what he knows about investing. Nuff said!
2. “The Essays of Warren Buffet: Lessons for corporate America” by Warren Buffett
Who does not know this investment guru? Warren Buffet is an investor who has been writing brilliant letters to his investors in Bershire Hathaway for over 50 years. The book gives his views on a variety of topics. Some of the topics he discusses are accounting and finance, valuation, tax planning, corporate governance, investing, mergers and acquisitions among others.
As a novice investor, this book can help you learn the proper relationship between corporate America and shareholders. The book is rich in ideas that detail the processes of enhancing a company’s value (and hence, your pockets). You cannot go wrong getting some tips from this legend.
3. “Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School” by Andrew Hallam
The author is a teacher who became a millionaire in his mid-30s. He is a self-made millionaire who never inherited wealth nor won a lottery. The book has nine strategies of ensuring that you become a millionaire. It is great especially for the millennials who want to really be rich through debt free living rather than look rich through heavy credit card use.
The author advises investors on what to spend their money on and emphasizes the importance of investing now with what you have. Hallam writes on why one should invest in stock index funds, bond funds, and stocks. A super way to start your investment journey by following the nine steps.
4. “One Up On Wall Street” by Peter Lynch
Peter Lynch is widely recognized as an American business genius. This book emphasizes doing your own research rather than waiting for stock analysts to predict the most rewarding stock for your portfolio. He advises investors to invest only what they can bear losing and to avoid investing because of the crowd’s seeming current success.
Am I a potential successful investor? Lynch answers this question by outlining the qualities of an investor. The author summarizes the benefits of investing in a company that you believe in and when to sell and when to buy.
5. “Think and Grow Rich” by Napoleon Hill
This books is more about a wealth mindset than actual investing tips. Rules for success couldn’t be said better than in this, one of the best-selling books of ALL time. Hill describes the path to success which really always starts in your mind. This success is then propelled by a plan and persistence and a “burning need” to succeed.
He talks about making definite goals and working towards making them work. Hill explains poverty as something that is not planned and changing it requires you to have a clear mindset and to overcome emotions that draw you back.
Final Assessment of Your Financial Reading List
The above are just but a few books available an investor who wants to make conscious and intelligent decisions on the backs of the trials and successes of geniuses. However, the secret is not just reading them but using the shared insights to your advantage.