After I Read Books on Investing - Here's What Will Make You Rich

Robert Kiyosaki's "Rich Dad Poor Dad," a best-seller with around 40 million copies sold, provides a straightforward narrative about two contrasting father figures and their financial philosophies. It delves into the behaviors of wealthy individuals and offers insights on how to accumulate and preserve wealth. Despite its apparent simplicity, the book resonates because it imparts fundamental principles often overlooked in traditional education, such as distinguishing between assets and liabilities. Many readers can relate to personal experiences of spending windfalls on non-appreciating assets, like cars and extravagant houses.

"Think and Grow Rich" by Napoleon Hill, published in 1937 and having sold millions of copies, aims to reveal the secrets of success. It begins with Hill's claim of having interviewed thousands of successful individuals, including Andrew Carnegie. While the book emphasizes positive thinking and persistence, some find its advice somewhat vague. Nevertheless, the importance of maintaining a positive mindset and persevering through challenges resonates with readers.

The "Psychology of Money" underscores the significance of adopting the right mindset when it comes to finances. The book explores various aspects of money, including saving, budgeting, investing, and retirement planning. It offers practical advice without overwhelming readers with financial jargon. One of its key lessons is the value of controlling one's time, emphasizing the importance of patience and discipline.

The key lesson from "The Simple Path to Wealth" is straightforward: spend less than what you earn and invest the surplus. While this concept may seem simple, its true power lies in consistently applying it over many years. It's not a quick route to wealth; instead, it's a long-term marathon. Many individuals seek shortcuts to financial success, hoping to get rich quickly. However, a deeper understanding of the financial landscape reveals that achieving lasting financial security and wealth requires patience and discipline. Therefore, having a firm grasp of the basics and practicing them diligently cannot be emphasized enough.

"Pete Matthews' Meaningful Money Handbook" provides a UK-focused guide on personal finance, covering topics like saving, budgeting, investing, and retirement planning. It fills a gap in the market for UK-centric financial advice and offers valuable insights for those seeking to strengthen their financial foundation.

"Money: A User's Guide" is another concise UK-oriented book that simplifies complex financial concepts. Written by someone who experienced the challenges of navigating personal finance without formal education, it offers relatable advice on money management.

This book provides fundamental principles of value investing, although it's considered a bit dry and lacks up-to-date examples.

Offers valuable insights and practical steps for retail investors, emphasizing the importance of understanding what you own and why you own it. Peter Lynch's approach to leaning into one's own edge is highlighted.

This book similar to You Can Be A Stock Market Genius introduce the idea that successful investing often involves finding opportunities with less competition, either through concentration in a few names or by identifying lesser-known companies.

Similar to "Mastering the Market Cycle," this book emphasizes that successful investing often entails discovering opportunities where there is limited competition, either by focusing on a select few companies or by recognizing lesser-known firms.

This book challenges the notion of consistently beating the market and highlights the financial industry's profit-driven nature.

An essential read to understand the importance of index funds and passive investing.