Top 5 Business/Finance Books

The following list is the Top 5 Business/Finance books that we recommend reading. Even though we listed them from top 1 to top 5, each book covers different concepts, and they are all great eye-openers. We strongly recommend these books to anyone, especially younger people since it is more beneficial in the long run to educate yourself about financial health starting young .

Top 5 Business/Finance Books

1. Rich Dad Poor Dad: What the Rich Teach Their Kids

2. The Intelligent Investor

3. The Psychology of Money: Timeless lessons on wealth, greed, and happiness

4. Rich Dad’s Cashflow: Quadrant: Guide to Financial

5. Think and Grow Rich

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#1 Rich Dad Poor Dad: What the Rich Teach Their Kids

By Robert T.Kiyosaki

Overview

This book is a great inspirational finance book from start to finish. It goes over many social beliefs such as working 9-5, going to school, and working the rest of your life for a company. This book will change your view and mindset on money by studying the mindset of a rich dad versus a poor dad. It is an easy-to-read book. It is important to understand that this book will not teach you about how to increase your income, but instead it focuses on how to manage your income like a wealthy person.

Pros

· Easy to read

· Inspirational

· Great wealthy mindset

· Eye-opening material

· A healthier way to look at money

· Lots of comparison between rich people mindset and poor people mindset

· Summary at the end of each chapter

Cons

· Does not cover specific strategies to make money, but more into how to manage your money.

· Contains some repetitive content

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#2 The Intelligent Investor

By Benjamin Graham

Overview

The Intelligent Investor is a great book that covers the disciple of investing. It is a book that has been recommended by Warren Buffett, one of the greatest investors of all time. This book covers all the fundamentals of investing and the mindset needed to invest. This means learning what to invest in and, most importantly, learning why to invest in something. This book is easy to read but may have some terms that are not beginner-friendly. It will require a little bit of research at times. The examples given in the book are a little outdated, but they are still relevant.

Pros

· Easy to read

· A great introduction to the world of investing

· Great Investment fundamentals

· Cover the discipline and mindset behind investing

· Commentary at the end of each chapter

Cons

· Might need to research some terms that are not beginner-friendly

· Examples are outdated, but remain relevant nonetheless

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#3 The Psychology of Money: Timeless lessons on wealth, greed, and happiness

By Morgan Housel

Overview

This book focuses on the mindset regarding money, wealth, greed, and happiness. The format of the book is mostly written in the form of multiple stories making it more pleasant to read. Through each story, you learn about the thought process behind money, wealth, greed, and happiness. The Psychology of Money is a great finance book with insightful ideas surrounding money. The topic of money and happiness is well covered. This is a great book to read regardless of your age.

Pros

· Great Finance book

· Insightful

· Easy to read

· Lots of stories which makes the reading and learning more pleasant

Cons

· The story format is not preferred by everyone

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#4 Rich Dad’s Cashflow: Quadrant: Guide to Financial

By Robert T.Kiyosaki

Overview

This book is another motivating, powerful, easy to read just like Rich Dad Poor Dad. Many of the concepts are similar between both books but this one focuses on the four different quadrants of cash flow. The Quadrants are E, S, B, and I, which respectfully means employee, self-employed, business, and investor. This book does not cover the fundamentals of how to make money, however it focuses on teaching all the different levels of cash flow Starting from how to use time for money as an employee to how to use money to earn more money as an investor.

Pros

· Easy to read

· Motivating

· Powerful

· Explains all the four different cash flows from employee to investor

Cons

· Repeats a lot of concepts that are in Rich Dad Poor Dad

· The author can be a little repetitive

· Occasional self-promotions

· Does not tell you how you could make money

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#5 Think and Grow Rich

By Napoleon Hill

Overview

Think and Grow Rich is a book that focuses on self-development to reach your goals in life regardless of their nature. The book analyzes many principles and habits that can be applied on a day-to-day basis. It is a powerful, easy-to-read, motivating book that also requests you to perform specific tasks and to track them as a way to help you grow step by step in your goals. Each chapter in the book addresses a different topic. It is a great book to also reflect and evaluate your goals.

Pros

· Easy to ready

· Motivating

· Good daily habits

· Powerful self-development book

· Actively interacts with the reader by asking to do specific tasks towards achieving their goals

Cons

· Does not cover too much on the financial aspect, mostly about self-improvement

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