Here’s my list of the 12 best books on money, in no particular order.
- Intelligent Investor – Intelligent Investor is a book written by Benjamin Graham that focuses on the importance of investing for long-term financial stability and security. It emphasizes the importance of researching and evaluating potential investments and adopting a disciplined approach to investing, rather than following the trends or attempting to predict market fluctuations.
- Your Money or Your Life by Vicki Robin
- A Random Walk down Wall Street – A Random Walk down Wall Street is a book that discusses the concept of “random walk theory,” which suggests that the stock market is largely unpredictable and that individual investors have little chance of consistently outperforming the market. The book also explores various investing strategies and advises readers to consider low-cost index funds as a long-term investment option.
- Fooled by Randomness – Fooled by Randomness is a book that explores the role of chance in life and how people often overestimate the influence of their own actions and underestimate the impact of random events. It suggests that individuals and society as a whole should be more aware of the role of randomness in shaping outcomes and not attribute success or failure solely to individual merit or effort.
- Rich Dad, Poor Dad – Rich Dad, Poor Dad is a personal finance book that teaches readers about the importance of financial literacy and the power of investing. Through the lessons learned from his “rich dad” and “poor dad,” the author encourages readers to take control of their financial futures and build wealth through investing in assets rather than liabilities.
- The Richest Man in Babylon – The Richest Man in Babylon is a collection of parables set in ancient Babylon that teach financial principles and offer advice on how to accumulate wealth. Through the stories of ordinary people who become successful through hard work and wise financial planning, the book encourages readers to take control of their own financial destinies.
- I Will Teach You to be Rich – I Will Teach You to be Rich is a personal finance book that teaches readers how to make smart financial decisions and create a secure financial future for themselves. The book covers topics such as investing, saving for retirement, negotiating salaries, and reducing expenses.
- The Millionaire Next Door – The Millionaire Next Door is a book that examines the habits and characteristics of wealthy individuals, and argues that they tend to live modestly and focus on accumulating wealth through hard work and careful planning. The authors also provide practical advice for readers who want to follow a similar path to financial success.
- Irrational Exuberance by Rober Shiller – Irrational Exuberance examines the psychology behind financial bubbles, specifically the stock market bubble of the late 1990s and early 2000s. It argues that irrational behavior and overconfidence contributed to the bubble, and discusses the potential consequences of such bubbles in the future.
- The Essays of Warren Buffett – The Essays of Warren Buffett is a collection of commentaries and musings on various business and investment written by the legendary investor and CEO of Berkshire Hathaway. It covers a wide range of subjects including the role of a CEO, valuation, mergers and acquisitions, and the principles of successful investing.
- Liar’s Poker – Liar’s Poker is a memoir by Michael Lewis about his experience as a bond salesman at Salomon Brothers during the 1980s. The book explores the culture of Wall Street and the excesses of the financial industry during this time.
- The Millionaire Fastlane by MJ Demarco – The Millionaire Fastlane is a book that teaches readers how to achieve financial independence and wealth through entrepreneurship, rather than relying on traditional career paths or passive income strategies. Through a series of personal anecdotes and practical advice, the author encourages readers to take control of their own financial destinies and build successful businesses that can generate substantial income.
