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The Best Investing Books of All Time

The Best Investing Books of All Time for Investing, Saving and Personal Finance Planning and Analysis for 2020.

Books That Build Wealth

With dozens or even hundreds of investment books to choose from, selecting the best investing book can be a daunting task. Of course, there’s definitely a lot to learn when it comes to investing your money. We have made life simpler for you by selecting five highly-regarded, simple personal finance books that are filled with classic money wisdom. The books below are excellent choices to get you started on your journey to wealth creation.

The best investing books of all time:

The Total Money Makeover by Dave Ramsey

The Richest Man in Babylon by George Clason

Rich Dad, Poor Dad by Robert Kiyosaki

Think and Grow Rich by Napoleon Hill

2020 Personal Finance Crisis

No matter what your education level, personal finance is not something that is taught in most schools. Contrary to popular belief, wealth creation and investment are not super complicated tasks that require a PhD. In reality, the most effective tool you need to be successful at personal finance is financial discipline.

In 2020, more than four million students will graduate from American universities. Despite being highly educated, most of them won’t be adequately prepared to address real life situations like balancing their personal budget, paying off student loans and saving money for investments.

In fact, the ideas and methods proposed in many of the books discussed here may come as a shock to readers! Many people have become accustomed to using credit cards digging themselves deeper into debt. Not to worry! The solutions to your financial problems can be found in our list of the best investing books of all time.

History of Personal Finance Books

Each one of these books focuses on a particular part of personal finance. For example, in The Total Money Makeover by Dave Ramsey, the author focuses on paying off debt; whereas, “The Millionaire Next Door” profiles the habits of real millionaires and how they achieved success. Each one of these books has been personally selected above other personal finance books based on simplicity and effectiveness.

Several of the books on the list have been around for decades. “The Richest Man in Babylon” by George Clason, was written in 1926 and “Think and Grow Rich” by Napoleon Hill, was written in 1937. They are the oldest finance books in the group. But like the others, they are highly regarded and are still read to this day because of the infallible truths they hold about personal wealth creation.

Best Investing Books of all time for Beginners

As a beginner, you may start reading any of these books in any particular order; However, the best book choice for beginners is “The Total Money Makeover” by Dave Ramsey. The reason this personal finance book is recommended for beginners is that it focuses on budgeting and debt. Before learning to invest, you have to learn to save money. And to start saving money, you must pay off all debt. It’s a simple, yet effective concept and Ramsey is a legend in debt circles.

Best Investing Book of all time for 2020

The best investing book for 2020 is “The Richest Man in Babylon” by George Clason, which teaches the art of saving. This book is frequently overlooked because of its age and simplicity. The book tells stories from ancient times in the form of parables of Babylon. The parables instill the core tenets of saving and holding money. The Richest Man in Babylon lays out the Five Laws of Gold which are the core of investing and saving philosophy in personal finance. Who knew that implementing a plan to save ten percent of your earnings would be a revolutionary idea in 2020?!

Best Investing Books of all time for Young Adults

The best investing book for young adults is “Rich Dad, Poor Dad”, by Robert Kiyosaki. In this renowned personal finance book, Kiyosaki re-tells the story of growing up with two dads in his life who gave investing and financial advice in opposition to each other. One dad was a wealthy entrepreneur and one dad was a salaried worker. Kiyosaki learned from an early age that in life you can play to win or play not to lose. He shows readers how to play to win and make your money work for you.

The Total Money Makeover by Dave Ramsey

Published in 2003, “The Total Money Makeover” is essential reading for those who are deep in debt, approaching bankruptcy or just want to get financially ahead in life. Ramsey goes into detail teaching students about budgeting, paying off debt, financial stability, and retirement. The book can teach you to save for emergencies, get out of debt completely, invest toward retirement and give back to the community. Ramsey broadcasts a nationally syndicated radio show giving free information to anyone who is attempting to escape the claws of debt. More than five million copies of the book have been sold.

The Richest Man in Babylon by George Clason

Published in 1926, the book is a bible of sorts to those who know personal finance. In fact, many of the tenets are laid out like commandments, including “The Five Laws of Gold” and “The Seven Cures for a Lean Purse.” The story is told in parable form, set in Babylonian times, thousands of years ago. The core takeaway from the book is that one must set aside at least ten percent of personal earnings for investment. The Richest Man in Babylon is a timeless classic and is probably the most entertaining read because it is told in parable form.

Rich Dad, Poor Dad, by Robert Kiyosaki

Published in 1997, Kiyosaki’s book is a financial autobiography of sorts that has sold over 30 million copies. The tale focuses on his experiences growing up with two fathers, one rich (the entrepreneur) and one poor (the salaried, 9-5 worker). The man Kiyosaki refers to as his “rich dad” was a friend’s father who taught him to take small risks through entrepreneurship, accumulating wealth. Kiyosaki focuses on investing in assets and real estate, creating passive income so that you don’t have to depend on a salary job for income.

The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas J. Stanley and William D. Danko

Published in 1996, the book’s authors have compiled research on the habits of millionaires and summarized it into organized chapters. The book shines a light on individuals with a net worth of greater than one million dollars. The typical millionaire is someone who may not frequently appear to be wealthy and might be your neighbor. Many of the millionaires detailed in the book are blue collar “average Joe’s” – workers who operate small businesses and who live a frugal lifestyle. It’s a fascinating look at what it takes to become a millionaire.

Think and Grow Rich by Napoleon Hill

Published in the Great Depression in 1937, the book has sold over 15 million copies. In fact, it’s probably one of the most well-known finance and motivational books of the 20th Century. Hill states that he was inspired by business magnate Andrew Carnegie to write the book. “Think and Grow Rich” teaches a dogmatic philosophy of tenacious determination in obtaining wealth. Hill asserts that “all achievement, all earned riches, have their beginning in an idea!” At it’s core, the book is truly about motivation and plowing forward toward your financial goals in business and investing.

Which Book Should You Read First?

If you are feeling ambitious and want to read all five of the best investing books of all time (highly recommended) then start with number one, “The Total Money Makeover” by Dave Ramsey and work your way through the list of investing books. As previously noted, Dave Ramsey focuses on paying off debt first, which is the foundation of any plan to build wealth. After all, it’s hard to save money if you are paying banks, student loans and credit cards all of your hard earned money. Once you pay down the debt, it will be time to move on to saving and investing. That being said, our recommended books can be read in any order and do not require any prerequisite reading.

Ready to start saving money with a small business checking account? Check out our research on the Best Bank for Small Business Checking Account!

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Disclaimer: It is important to note that Piggy Bank Coins does not provide financial advice. We don’t endorse or recommend any financial investments. Instead, we provide information for educational purposes to those seeking knowledge regarding personal finance. However, in the spirit of transparency, note that the author is an investor in cryptocurrencies, precious metals and some equities.

In addition, The Federal Trade Commission (FTC) requires that Piggy Bank Coins disclose to readers that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. Moreover, we try our best to keep things fair and balanced, in order to help you make the best choice for you.

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