The concept of investment seems daunting to a beginner. You wonder where to start, what to invest in, and whether your efforts will prove to be fruitful in the future.
Many lose themselves in the terminology, some invest in risky stocks, while others feel dismayed by their ignorance that they never start to invest.
It’s tempting to purchase what first comes to mind. A GE ultrasound, new pairs of brand shoes, and possibly a nice converter, but the investment is about smart choices.
By now you may an investment is crucial, a topic that shouldn’t be overlooked, and that will safeguard your future.
But where to start? Online resources provide immense knowledge, but if you are searching for the basics, look no further. The following are self-help books that cover an immense amount of information about finances, self-growth, and most important investment.
- The Intelligent Investor
Professor and investor Benjamin Graham, known for being the “father of value investing” teaches readers various strategies to invest smartly in the stock market. So, grab a pen, get your notebook, and take some notes. The Intelligent Investor is a book that belongs on your bookshelf.
- Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
Robert T. Kiyosaki explores the importance of financial literacy and independence, delves into investing in assets, real estate, and developing financial knowledge.
- The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
Two authors, Thomas J. Stanley and William D. Danko share how anybody with a steady job can obtain a fortune. Find out how this massive best-seller is changing people’s lives and how it can do the same for you. The book uncovers the rich individuals in the country, what they do, their lifestyle, and more.
- Slight Edge
While the Slight Edge may not necessarily fall under the category of investment books, it is a guide to any self-help book. It discusses the secrets to a successful life. Apart from demonstrating how small actions drive an unhealthy or healthy lifestyle, it will show how any person can achieve true happiness.
Read, but Also Apply
Now that you know which books will help you become a better investor, you can start reading through them to learn all the hacks and techniques from the investors themselves.
However, that is not enough. Sure, read through all the information, but none of that will serve you if you don’t apply what you have learned.
Investment is risky, complicated at times, and takes patience. Give yourself the time to understand why you are investing. Start small and increment your investments over time. It isn’t a race, remember to take it at your own pace, but as experts recommend, start today. It’s never too late to invest, but the sooner, the better.
Take a leap, explore your options, and invest in books that will impact the way you think about investment.