Investments Markets

8 Bestsellers That Make You Rich

Financial intelligence is a very important life skill to ensure a good life especially when an individual isn’t born into very rich homes very there is always a durable financial safety net. Many people lack financial intelligence. This is not a crime but if you were not born rich and you want to live a good and comfortable life you need financial intelligence. Asides hard work and smartness, you need financial intelligence to get rich. Where do you get this financial intelligence? In this article, I will introduce you to 8 books that will teach you strategies to maximize your income and generate more funds for yourself.

1- The Richest Man in Babylon by George S. Clason

This is a very powerful book published in 1926. This book talks extensively on how saving money has helped people get rich. It explains that people that get rich are people who do not spend money frivolously. This book even recommends that before spending your income on anything, you should first save at least 10% of it which the author termed as ‘paying yourself’.

2- The intelligent investor by Benjamin Graham ( with commentary by Jason Zweig )

This is a very wonderful book that talks extensively about the principles of investing and how to invest. It talks about how to successfully invest in talks going deeper to analyze how stocks work and how to predict whether they will fall or rise. This book also lets you know that losing money in a venture is part of the investment as the knowledge gained from that venture can prevent you from losing money in the future. This is the book for anyone interested in finance especially stocks.

3- How to Stop Worrying and Start Living by Dale Carnegie

A lot of people stop investing after losing money in one or more investments. When it comes to investing, the fear of losing will always be there but the difference between a successful investor and one who stopped investing is that the successful investor learned to deal with the fear. This is something this book is very good for. It teaches you how to deal with the fears involved in investing. This book is actually a must-read for everyone who wants to be financially free because at some point you’ll need to invest your money and before doing that you will need to read how to go about it. 

4- Your money or your life by Vicki Robin and Joe Dominguez

This is a very wonderful book that will transform the way you think about money and ultimately transform your life. This book explains that the key to living a wealthy life is not working hard to make more money as this would keep sapping out your life strength. It explains that the key is by learning how to manage money better. This book explains the many benefits of saving money and refusal to spend money on unimportant things.

5- The little book of common sense investing by Jack Bogle

This book was written by the founder of the vanguard who unlike others in the finance industry is not a billionaire. This is because he creates products where both he and the investors win. This book explains extensively the advantage of investing in index funds instead of mutual funds which also come with expensive managers and offices.

6- The simple path to wealth by JL Collins

This is a very practical book that clearly illustrates all the knowledge you need to be wealthy. This is a book that recommends saving 50% of your income and also explains the benefit of cultivating this character early in one’s career. The book advises that you invest in risky and upside enterprises as they bring the most return if successful. This is a must-read for anyone who wants to be financially free.

7- A random walk down wall street by Burton G. Malkiel

This is a book written by an economics professor who is not like the stereotype professors who are always disconnected from events in the real world. This book talks about various methods of investment using practical illustrations that can be easily practiced by anyone. This book is one of the most recommended books by successful investors and these goals far to show how much of an influence it can be to you.

8- The 4 – Hour workweek by Tim Ferris

This book explains to you how you can make more money by two means. One is by having more income channels while the other is by getting better at what you do. He explains the act and benefit of investing in yourself to make more money. In fact, getting this book is a huge investment in yourself to make more money.

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