Starting with investing can be difficult when you’re a beginner and don’t know where to look. However, there are some of the best investing books you can use to begin your career as an investor and entrepreneur.
These books can help get you on the right track and they are written by top professionals in the industry so you can be sure you can trust them.
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The Psychology Of Money by Morgan Housel
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A Random Walk Down Wall Street by Burton G. Malkiel
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If You Can by William J. Bernstein
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The Financial Diet by Chelsea Fagan
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Broke Millennial Takes On Investing by Erin Lowry
The Psychology Of Money by Morgan Housel
The Psychology of Money has 19 short stories all written to make you think about money and how it can be used in financial moves and how it affects your emotions. Sometimes we make poor decisions with money based on our emotions and this book covers how to deal with these choices.
You can learn to be in a sound place of mind before making huge financial moves. It’s written by an award-winning journalist, Morgan Housel.
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A Random Walk Down Wall Street by Burton G. Malkiel
A Random Walk Down Wall Street is one of the best choices for reading if you need solid financial advice regarding investing. It covers all kinds of topics, from bonds to stocks to gaining tangible assets like coins and gold.
It has sold over 1.5 million copies and is one of the most recommended books by investors for investors. The writing is straightforward and to the point, making it an easy read even if your investing vocabulary is limited.
If You Can by William J. Bernstein
If You Can is a short read and can be finished in just one day or on a short plane ride. It’s a guide for beginners and talks about the way you can get into long-term investing. It’s written at an elementary school level so you can understand the terms used even if you don’t know much financial jargon.
The best part is that it breaks down how you can only spend a few minutes per year investing but make thousands of dollars. You can get this book for free on Adobe Acrobat or for Kindle from the author’s website.
The Financial Diet by Chelsea Fagan
This is one of the bestselling books regarding financing and managing your money. It’s aimed at millennials and other young people who might be looking for some advice on how to keep their finances on track and it will teach them how to save for the future.
It also discusses not only how to make a budget, but how to stick to it even when you have unforeseen costs come up in life. It also talks about making easy meals at home so you can avoid eating out all the time. It even discusses how you can talk about money with friends without it becoming awkward or a conversation killer.
Towards the end of the book, it discusses more advanced finance topics like how to buy your first home and how to take care of it. Fagan also has a YouTube channel that discusses similar topics that can help you budget and track your finances.
Broke Millennial Takes On Investing by Erin Lowry
Broke Millennial is a book series and this is the second one in the series. You can read it without reading the first one if you want to. Lowry also wrote Broke Millennial: Stop Scraping By and Get Your Financial Life Together and Broke Millennial Talks Money: Scripts, Stories, and Advice to Navigate Awkward Financial Conversations.
This book on investing mainly talks about how millennials face significant challenges when it comes to getting into the world of investing. It doesn’t use too much technical jargon, so you should be able to follow along and get some straightforward explanations for your investing questions.
You should also come away with a clear understanding that allows you to explain the topics to friends and family when you’re done. Make sure to read the other books in the series to help you gain a better overall picture of financial health as a millennial.
Summary
Investing as a young person or a beginner can be challenging, mainly when most books and resources use large words and technical jargon that is impossible to understand. These are the best investing books for beginners and can help you start investing with no previous knowledge. You can also share the books with friends as you begin your investing journeys together.
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