The single greatest investment an individual can make is in themselves. Warren Buffet has been quoted when giving investment advice, and his first tip is always to invest in yourself first. You are your best asset. Those who truly understand that are on the right track to building wealth and becoming financially independent.
In order to accomplish this you must have a thirst for knowledge, because as we all know, knowledge truly is power. The best, and most cost effective ways to do this are to read, read, and read again. Pick up a book and read on a subject you’re unfamiliar with or want to develop further. Stay current with all the top trends in your industry to make yourself invaluable at work. The better you are at work and the more indispensable you are, the better your chances of growing your income, and eventually your wealth. Read more books in your field, on leadership, self-development, dealing with people, psychology, reading body language, etc. All can benefit you personally and professionally exponentially.
Want to become wiser with money? Read all the books you can on personal finance, retirement planning, investing, wealth building, etc. Read an article a day about money and finances to learn more about the industry. Or you could simply read our Personal Finance for Millennials blog, an aggregate news site where we’ve posted the best of the best in terms of finance and money news, particularly those pertaining to Millennials (Generation Y).
Below is a list of some of the best books I’ve ever read. Anyone looking to further their career and eventually build more wealth can benefit from the below book list.
The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
By Thomas J. Stanley
A must-read for absolutely anyone and everyone. Stanley goes into great detail the difference between being “rich” and being “wealthy”. He has done extensive research with those who have a network of one million or more and the results are nothing short of fascinating. It will truly open your eyes and make you question a number of people in your life about just how much money they really have? The family you know who drives a BMW, lives in a gorgeous house, and sends their kids to private school? Probably “rich” but not “wealthy”. Every dollar they earn is essentially accounted for by all their luxuries. Who are the millionaires? The self-employed. The ones driving a Ford, not an import. The one you would least expect. It’s the disciplined saved and frugal spender. The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
How to Win Friends & Influence People
By Dale Carnegie
This book is known as one of the best self-help books out there. A book like this helps you grow personally and professionally, making you a better person, father, son, brother, co-worker, boss, leader, etc. And what does all of this eventually lead to? More success! And that obviously leads to higher earnings and potential wealth accumulation. How to Win Friends & Influence People
The Total Money Makeover: A Proven Plan for Financial Fitness
By Dave Ramsey
An absolute must read for anyone who is trying to get their proverbial financial house in order. Dave Ramsey affectionately refers to himself as “Get-out-of-debt-Dave” and he has proven principles to help you accomplish that. Dave’s financial advice is some of the best and easiest to access and understand. His book lays out his 7 steps, and his daily radio show (and podcast) are a great listen to help get you going.
The Total Money Makeover
The Money Book for the Young, Fabulous & Broke
By Suze Orman
This book is near and dear to me because its the first true personal finance book I read right after graduating college. Similar to Dave Ramsey, Suze Orman is well respected in the personal finance industry for giving trusted advice. This is probably the best entry-level personal finance reads out there. Consider this book Personal Finance 101 for the Millennial. The Money Book for the Young, Fabulous & Broke
The Intelligent Investor: The Definitive Book on Value Investing
By Benjamin Graham
Once you are ready to take over your investment strategy and retirement planning, The Intelligent Investor is your go-to. Now that may sound like a lot to take on if you’re just starting out, but understanding the benefits to investing early and compounding interest is truly invaluable. learn the difference between active and index funds and the huge fee differential (and what that means long terms for your earning). And if that isn’t reason enough, the how about this…Warren Buffet is the single greatest investor of our time, and he claims this book is the single greatest book ever written on investing. Enough said. The Intelligent Investor: The Definitive Book on Value Investing