It’s been a decent minute since updating this site, but I have been making changes and look forward to keeping it more up to date. Lives get busy, but this is a fun outlet to express what I am learning and possibly help someone else who is learning as well.
I have been reading finance books left and right. Any book that appeases my interest, I pick it up and (usually) read it in a decent amount of time. I am no speed reader, and my ADD makes it so I have to reread certain lines over and over again, but I’ve been getting better lately.
I wanted to direct attention to some of the books that really stuck with me after reading them. Some of these books aren’t talked about enough, and if you would ask me my favorite book, it’s the one I am going to mention soon. I’ve told my wife, my friends, and even reading through so many other books, it is still my favorite. The #1 book I want you to read is, “The Richest Man In Babylon”
This book single handedly changed the way my wife and I look at income and savings. The biggest take away from this book that I got was, Pay yourself first! The Richest Man in Babylon is a book about the fictional city of Babylon and a very wealthy citizen. Someone asks this citizen, how could I acquire wealth, and while you are reading this story, you are actually learning the rules of money management, compounding interest, and the #1 rule, pay yourself first.
The next book I want to talk about is actually two books, but a part 1 and part 2. Have you ever wondered how the economy works, what all of those economists are squabbling about all the time, what the hell is going on with inflation, and how do we know if the economy is doing well or not? These two books help quantify all of that information, but in a very light and funny cartoon. It helps digest thick content, and while your brain is exploding, they help keep it in terms of understanding.
Please check out, Cartoon Introduction to Economics, Volume I: Microeconomics & The Cartoon Introduction to Economics, Volume II: Macroeconomics
These books help explain so much content and break down exactly what economics is and what the ultimate goal is. These books should be used in the High School Economics classes all over the United States. Don’t forget to blow your friend’s minds when you explain to them why inflation is raging, and the quickest most efficient theories on how to get inflation down.
The last book I am going to talk about for today is “One Up On Wall Street – How To Use What You Already Know To Make Money In The Market” This book by Peter Lynch helps give you the confidence to be your own stock advisor. You the consumer know when products or services are being discussed, getting good attention, and look like they will make huge waves. Give yourself some credit, especially if you are up to date on new gadgets, fashion, or anything else that peeks your interest.
Peter Lynch is great at describing how he managed one of the largest portfolios ever, Fidelity’s multibillion-dollar Magellan Fund, and how he decided what stocks to buy. Sometimes, it’s just asking a few questions to your friends and family to see what is the latest trends or hot products the world is going crazy over. It’s your money, your voting power, your interests, make sure you are a part of whatever strategy you are employing for investing.
What are your top 3 favorite financial books? Right now, I am reading Bond Investing For Dummies. It’s loaded with information and I’ll be honest, I never knew there were so many types of bonds. Keep on reading, keep on learning, and lets build our futures together!
Thrifty Investing 