Learn correct strategies for money (Think Like Millionaire)
Have you ever had such a strategy? If not, this is not unusual. (Think Like Millionaire)
I first earned a few dollars selling water at the market near our house when I was ten, and since then I’ve read about money, finance and investing, but I’ve never made a financial plan.
I started my entrepreneurial journey in the 20’s ages. I created lots of online websites for small companies and tried online businesses while studying at University.
But now I think every working professional needs a financial strategy.
How do you spend your money?
How much do you save? How do you feel about debt?
What do you invest your money in?
How much money do you need to retire?
These are questions that every person who makes money needs to answer.
Let’s face it. If you want to retire in comfort (not to mention a luxurious lifestyle) you need to be rich.
The 5 books I recommend in this article will help you do that.
After reading them, you will never have to worry about personal finance again.
The word never might be a bit pretentious. 🙂
1. The Richest Man in Babylon — George S. Clason
This book was published in 1926 and, as far as I know, was the first popular book on personal finance.
Babylon was the richest city in ancient civilizations because it had the richest people of the time. They used sound financial principles to multiply the value of money. They invested for what we all desire… for their future.
Like the law of gravity, the rules of making money are universal and immutable.
Seeking solutions for empty wallets, this book is called the guide to financial insights. It is recognized as the best work on economic and financial planning.
This book, which will guide you throughout your life, will enable you to perceive your financial problems and find a way out. The Richest Man in
Babylon is a book you will want to read, recommend to your friends and give to young people just starting out in life.
2. The Intelligent Investor — Benjamin Graham
By carefully and consistently applying the principles in this legendary book, which has never fallen out of Amazon’s top 100 bestseller list:
You will learn the difference between investing and speculation and protect yourself from speculation, learn your investor profile and your perspective on risk and create the right investment strategy for yourself, learn to manage your private pension funds effectively and efficiently, protect your savings against crises, inflation and panic waves, and achieve rational, sustainable and real returns in the medium and long term.
You will reliably know the correct value and price of assets regardless of their nature, recognize that panic waves and price declines are opportunities for the wise investor, understand the principles of trading at the right time and under the right conditions, and know that unnecessary trades and positioning always bring losses, and understand the importance of holding valuable assets purchased at the right price without getting caught up in the hype.
3. Random Walk on the Stock Exchange — Burton G. Malkiel
With a keen eye for the high-tech boom and its aftermath, Malkiel shows how to maximize profits and minimize losses in this world of electronic brokers, virtual gurus and so-called investment vehicles.
He teaches you how to examine potential returns not only for stocks and bonds, but also for money markets and real estate investment trusts, insurance, real estate, and tangible assets such as gold and collectables.
It helps you unravel the mutual fund rating game and discover the advantages of index mutual funds over a range of riskier alternative investment vehicles.
4. The 4-Hour Week — Work Less, Earn More and Live Well! — Timothy Ferriss
Forget the old concept of retirement and postponed life plans.
There is no need to wait, and every reason not to wait. If your dream is to escape the struggle of life, travel the world, have a high income with zero management, or simply live more and work less, this book is for you.
Those who read this book can achieve wealth by working only 4 hours a week and spending the rest of their time as they wish: Be neither boss nor employee.
Just be the owner. Do the minimum necessary to make things work and have maximum impact.
Instead of having more, have better quality. Create long-term careers and mini-retirements for yourself with short-term jobs.
How to eliminate 50% of your jobs in 48 hours using the principles of a forgotten Italian economist. Discover it.
5. Stop Worrying and Start Living — Dale Carnegie
Dale Carnegie’s book Let Go of Sadness and Look to Live, read by millions of people around the world, aims to help you overcome the habit of sadness.
Carnegie’s formulas will be very useful in the rapidly changing world of the 2000s. By applying these formulas;
You can immediately get rid of your worries and anxieties about your work.
You can minimize your worries about financial problems.
You can learn to benefit from criticism.
Avoid overexerting yourself and always manage to look young.
You can add an hour to the hours you spend awake each day.
You can discover yourself and be yourself. Remember, you are unique in the world!
I’ve read your first two suggestions, both amazing books. If you don’t mind, I will add a couple of suggestions: The Millionaire Next Door by Thomas J. Stanley and Rich Dad Poor Dad, by Robert Kiyosaki. Thanks a lot for sharing
Hi Antonio, Thanks for your valuable feedback. You are completely right, I’ve also read 2 books which are mentioned by you and they are also the most popular ones. Thanks and All the best. Gokhan Yalcuk