I have learned so much about finance through books so I wanted to share with you all the most influential ones for me and some of my favorite quotes from each book. I would highly recommend giving all of these a go to learn more about the technical and emotional sides of money. Both are so important!
The best way to start is through education.
1. The Psychology Of Money – Morgan Housel
- “Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness. The ability to do what you want, when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance.”
- “Be nicer and less flashy. No one is impressed with your possessions as much as you are. You might think you want a fancy car or a nice watch. But what you probably want is respect and admiration. And you’re more likely to gain those things through kindness and humility than horsepower and chrome.”
2. I Will Teach You To Be Rich – Ramit Sethi
- “One of the key differences between rich people and everyone else is that rich people plan before they need to plan.”
- “The 85 Percent Solution: Getting started is more important than becoming an expert.”
3. Rich Dad Poor Dad – Robert T. Kiyosaki
- “In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.”
- “If you’re the kind of person who has no guts, you just give up every time life pushes you. If you’re that kind of person, you’ll live all your life playing it safe, doing the right things, saving yourself for something that never happens. Then, you die a boring old man.”
4. Think And Grow Rich – Napoleon Hill
- ”If you truly desire money so keenly that your desire is an obsession, you will have no difficulty in convincing yourself that you will acquire it. The object is to want money, and to be so determined to have it that you convince yourself that you will have it.”
- “Do not wait: the time will never be ‘just right’. Start where you stand, and work whatever tools you may have at your command and better tools will be found as you go along.”
5. The Millionaire Next Door – Thomas J. Stanley and William D. Danko
- “People whom we define as being wealthy get much more pleasure from owning substantial amounts of appreciable assets than from displaying a high-consumption lifestyle.”
- “After twenty years of studying millionaires across a wide spectrum of industries, we have concluded that the character of the business owner is more important in predicting his level of wealth than the classification of his business.”
