the best books you've read on money and investing

[el kaka22]

Robert Kiyosaki books are terrible, if anyone suggests that, avoid it because it's the most simple thing in the world. Let me summarize the "logic" of it if you want to, adding what he is saying lately as well.

If you want to be rich, save some money every time you get your pay check, and then when you have 20% down payment saved, go buy a house with loan, if you don't have a house, you go live in it, if you already do, then you rent it out, then you repeat that by saving some more and the rent, get another 20% down payment, and buy another house, and keep doing that, and never save aside cash, always save aside gold. Do this, save with gold, then buy houses with loans, and if you repeat enough, you get rich enough that you will never have to work.

[crwth]

What I have read recently is Sustainable Minimalism by Stefanie Sefarian, which is not directly a money and investing topic but the overall view that I have learned is that having to check Quality > Quantity is more valuable. Imagine having a cheap item but it breaks easily compared to a quality one, it might even be more expensive to buy it repeatedly compared to just buying once of the quality item.

This will save you more money in the long run ^{(depends on the item as well)} and be more smart about it. Investing money into the right stuff compared to cheap ones. That's what I have learned from that book.

[Rockstarguy]

I have not read any book before about money and investment and I have not read anything online about it online unless the ones that we have talked about on this forum. I believe in not spending lavishly and buying only things that are important and I know it is good to do business.

I know about bitcoin investment also.

There is one that people often talked about on this forum before which is rich dad poor dad.

To become financially stable or to do well in an investment is not about reading books. If this were about reading books, many motivational speakers who have read so many books on money would have become wealthy and have one of the best investments. But this is all about hard work. You can read all the books concerning money, but if you are not ready to work hard, there is no way one will be able to make money.

Those who have created wealth today were able to achieve it because of the hard work they put in; it didn't just happen because of the theoretical knowledge they have about money.

[armanda90]

So far not reading yet any books as source information when investing money not only in cryptocurrency or other investment, I don't know how much important when reading a book before taking decision for investing assets or investing money. All people understood well about risk of investment and I don't think some one have read a book during manage well with investment, but reading a book make us fully knowledge exactly reading a book have connecting about investment, physiology of money until reading a book have solution for increasing well about mentality when losing at investment.

Regarding not any book read so far exactly about money management, please recommended for my self which one effective book have to read but must have several information about physiology, money management until decision for braveness taking risk when investing money.

[WatChe]

I am reading "think and grow rich" and I will say it's a master piece. Everyone who want to become rich (or make progress in life) must read that book. The book is written in 1937 and in current era of technology it still serves the purpose of opening people minds on how to progress and become rich. The author says in the start that you need to spend some time in grasping the contents of this and not more then one chapter be read in one single day, so it's a time taking book but worth it. The author didn't give you any strategy in the book to follow but tells you how the rich people become rich.   

[Sonia_123]

"The Intelligent Investor" by Benjamin Graham, first published in 1949, this book gives investors the best strategies on how to successfully invest with your value in the stock market, it guides and help you to truly know the dynamics and unpredictable nature of the market .

The second book is "The Richest Man in Babylon" by George Samuel Clason's classic 1926 which gives you the secrets for creating, growing, and preserving wealth.

I enjoyed reading this book because it teaches you on how to firstly pay yourself, live your life within your means, making your money work for you, making your home a profitable investment, securing your future wealth, investing in yourself , knowing how to protect your wealth, and always getting luck on your side.

These books gives you a better knowledge and brings out the best in you on how to invest, make money and create wealth for future purposes.

[DeathAngel]

I’ve only read a few but I can recommend the following -

Rich Dad Poor Dad by Robert Kiyosaki – teaches basic money mindset.

The Millionaire Next Door by Thomas Stanley – about how rich people actually live.

The Intelligent Investor by Benjamin Graham – more serious, good for value investing.

The Bitcoin Standard by Saifedean Ammous - you seriously need to read this one.

They’re all pretty different, so it depends on what you’re looking for.

[abhiseshakana]

"The Intelligent Investor" by Benjamin Graham, first published in 1949, this book gives investors the best strategies on how to successfully invest with your value in the stock market, it guides and help you to truly know the dynamics and unpredictable nature of the market .

The second book is "The Richest Man in Babylon" by George Samuel Clason's classic 1926 which gives you the secrets for creating, growing, and preserving wealth.

I enjoyed reading this book because it teaches you on how to firstly pay yourself, live your life within your means, making your money work for you, making your home a profitable investment, securing your future wealth, investing in yourself , knowing how to protect your wealth, and always getting luck on your side.

These books gives you a better knowledge and brings out the best in you on how to invest, make money and create wealth for future purposes.

Agree with your resume, this book provides a smart overview of investment circumstances, starting from the types of actors, investors and speculators, then metaphors about the market and how to respond to the market, securing assets with diversification and exit plans.

From Benjamin Graham's message, I concluded, emotions that are not based on rationality in making investment decisions will only harm a person's portfolio. I'm a person who loves to read, but I don't particularly enjoy economics books. So, the first two economics books I tried were "The Wealth of Nations" and "Security Analysis." Reading these three books provided enough insight to practice becoming an investor.

[CryptopreneurBrainboss]

"The psychology of money" by Morgan Housel
and "the richest man in babylon" by George s. Clason

both are really good to get the concepts and principles on investing and how to deal better with money

I have read the two books and I give an approval for them too with addition of some of the books written by Robert kiyosaki. When it comes to reading books I recommend we read more books from different authors and not focus on only one author. Reading different books gives us different perspectives of how to succeed in life.

There isn't only one path to succeed so getting different angles from those that have already succeeded or have an idea on how to succeed helps alot. Don't go after books that looks attracting because the authors are making it that way to sell more copies. Only read those recommended so you won't be wasting your time.

[rachael9385]

I would say the best book I've read so far about money and investing is a book written by JL Collins, the simple path to wealth. It teaches about how to attain financial independence. Basically, I read all these books for the benefit of mental development, it's true that you can get some ideas out of it but I don't think you can be successful by just reading all these books. A lot of people that are rich today didn't read these books

[beerlover]

I always suggest Peter Lynch's books. It is about stock market usually, but he explains how he picked his stocks and how he did better than the SP so it's clear that he had a fruitful career and after he was done, there wasn't any reason to keep it a secret, so he shared it. I would say that was a good idea and you can learn some stuff from him.

Obviously Benjamin Grahams book the intelligent investor isn't a bad one neither, allows you to see what made him so famous with that book, you get a sense of what investment is all about or it should be. It's not about Ferraris and Lambos, it's about being smart about it and have a consistency that goes on even after you are gone. So yeah, these two would be very good starting point, without going into technical details.