Not many people can hit the jackpot in high limit casino but many people can slowly build their savings by investing money wisely. Here are books that can help steer you in the right direction when it comes to making money and investing money.
The Richest Man in Babylon by George S. Clason
Penguin Books published George S. Clason’s self-help book on wealth management in 1926. This classic has sold for more than 2 million copies. The book is written as a collection of parables, written from the point of view of Arkad. The book dispenses advice on how to make money, how to protect and invest it. It gives practical tips like “paying yourself first, living within your means, investing in what you know,” saving for the long term, and home ownership. Clawson also came out with an illustrated version in 1930 and has a price tag of USD 1,250.
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing by Burton G. Malkiel
W. Norton and Company, Inc. published Burton G.Malkielbook on the stock market in 1976. An economist from Princeton, Malkiel introduced the random walk hypothesis. Since its publication, 11 editions have been published, with sales of more than 1.5 million copies. Malkiel analysed investing techniques and came to the conclusion that these do not produce superior results compared to more passive techniques. He also wrote about actively managing mutual funds. His studies revealed that these underperformed in the long term.
Money Matters for Financial Freedom: The Fast Path to Abundance in Life and Business by David and Leslie Shippy
Morgan James Publishing is the publishing House behind the personal finance book of husband and wife team David and Leslie Shippy. The Shippys are both investors, businesspeople, and speakers. After investing in apartment buildings, they were able to leave their corporate jobs in 3 years. The book, which came out in March 2019, shares concepts like shifting from a middle-class mindset to a millionaire’s mindset. They also outlined financial techniques and leadership skills to run a multimillion-dollar business. They also espouse setting multiple income streams.
How to Get Rich, Stay Rich: A Lifetime Blueprint for Investing your Time and Money by Fred J. Young
Frederick Fell Pub published Fred J. Young’s book on business and economics in 2019. Young, now retired from the corporate world, was the vice president of the Trust Department at the Harris Trust Savings Bank in Chicago. Young uses wisdom and humor gained over his 27 years as a money manager and investment counselor to explain 3 sources of wealth – business, real estate, and common stocks. He gives easy-to-understand guidelines how to decide when investing and managing money.
Your Complete Guide to a Successful and Secure Retirement by Larry Swedroe and Kevin Grogan
Harriman House Publishing came out with Larry E. Swedroe and Kevin Grogan’s book in January 2019. Swedroe and Grogan compile all aspects of retirement that you have to prepare for. The book covers topics such as social security, medical care, investment planning, portfolio maintenance among others. It also advises preparing your heirs and thinking about your happiness so you could enjoy your retirement. Their tips are supported by studies and with the help of experts. Presented as practical tips, in consideration of the emotional issues related to retirement, this book is an easy read.
