Best Books on investing and finance!

A lot of people have mentioned a lot of books but let me also mention what you can expect from each book.

Here are my top 5 book recommendations-

#1 Rich Dad Poor Dad by Robert Kiyosaki

What will you learn?

• Why it is important to understand the basics of finance.
• How rich people think about money.
• How do some people stay mediocre while some become rich.
• How to grow your wealth.

#2 How to avoid loss and earn consistently by Presenjit Paul

What will you learn?

• How to identify the right stocks in the Indian context.
• How to avoid the common mistakes which result in people losing their money in the stock market.
• Insights into Indian stock markets.

#3 The Intelligent Investor by Benjamin Graham

What will you learn?

• Difference between a value investor and a speculator.
• Importance of margin of safety while investing.
• Why it is important to maintain a balance between debt vs equity exposure and how to do it.
• How to invest risk-free.

#4 One Up On Wall Street by Peter Lynch

What will you learn?

• It is not a rocket science to learn finance.
• How an ordinary person can pick stocks as efficiently as a Wall Street expert.
• Importance of investing in good companies than just looking at the stock price.

#5 Millionaire Next Door

What will you learn?

• Importance of saving and living a frugal lifestyle.
• How a millionaire become a millionaire.
• Why it doesn’t matter how much you earn but what matters is how much you save.
• How to save money.

Remember:

• Do not just read these books for the sake of reading.
• You need to read, re-read and repeat until you remember everything.
• You have to practice each and every principle.
• You do not need to read 100’s of books on finance and investing but need to read a few good books with dedication. These 5 books will set a strong foundation for your financial journey.
• Always stay away from quick money making tips.

Happy Reading!

If anything new books available than please suggest in comments.