Master Your Finances: The Best Books on Economics, Investing, and Business
Finance is a discipline that studies the management and administration of money and other assets, including raising funds, investing and saving, and risk management. It is a branch of economics and business management that encompasses everything from the management of personal resources to the management of giant financial institutions, empires, and governments.
Finance is essential in various areas of life, being applied in personal, corporate, public, and interrelations. For example: Personal finance helps the individual understand and manage their own assets, as well as how to save, invest, and plan for their future. Learn more in our list of the best books on finance, economics, investing, and business.
Best books on economics, investing, and business
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Don't! (2023), by Robert T. Kiyosaki
Everything has been said about this personal finance classic, hasn't it? Well, In this extended and updated version, the author delves into those messages that had gone around the world: demystifies the notion that you have to have a high income to become rich, challenges the belief that a home is an investment, and shows parents that they shouldn't rely on the school system to teach their children how to use money.
He also emphasizes defining, once and for all, what is an investment and what is an obligation. Kiyosaki, irreverent and a defender of financial education like few others, It subverts common concepts and ideas and explains them from a point of view closer to ordinary people., thus contradicting other professionals in the financial world.
Quotes by Robert T. Kiyosaki
- "In real life, the smartest people are those who make mistakes and learn from them. In school, the smartest people are those who don't make mistakes."
- "Bull markets give the impression that they will continue forever, causing people to become careless, clumsy, and complacent."
- "The main reason people struggle financially is because they accept financial advice from poor people or salespeople."
Think and become rich (2012), by Napoleon Hill
The way this book came about is really interesting: after years of conducting scientific research to understand the richest men of his time, Hill discovered, through billionaire Andrew Carnegie, the secrets to achieving financial wealthThis man was not only a tycoon, but he made many people wealthy, who succumbed to his wisdom.
Hill understood that the difference between Carnegie and other people of his time was the way he viewed money, people, and the world. In this sense, The book is composed from an experience that occurred in order to achieve financial success of the people Carnegie supported. Over time, Hill also became a reference for those seeking resources.
Napoleon Hill Quotes
- "To be a star, you must shine with your own light, follow your own path, and not worry about the darkness, because that's when stars shine brightest."
- "Before achieving success in any endeavor, one is sure to encounter many temporary defeats and, perhaps, some failures."
- "When defeat overtakes you, as it will temporarily, may it find you, if it finds you, occupied with something else."
The Money Code: Achieve Your Financial Freedom (2009), by Raimón Samsó Queraltó
This book is presented as a financial guide intended to help people achieve success in their various endeavors. In short, The text promises that whoever reads it is ready to achieve freedom. to acquire the assets and make the investments you want. Topics such as applied financial intelligence, how to overcome times of crisis, and the dichotomy between investing and gambling are also addressed.
Other topics covered in the book include the ninth wonder of passive income, profitable time management, and how to think big and start small, among others. Raimón Samsó Queraltó teaches all of these elements, which are generally not covered in depth in schools or universities specializing in economics. This is a beginner's step.
Quotes by Raimón Samsó Queraltó
- "It's better not to hang out with people just to kill time or to avoid being alone. It's better to let go of some friendships you no longer resonate with than to maintain them and invest your energy and time in something else. Sticking with your old company means that, in the long run, you won't hang out with people who are just waiting to enter your life."
- "Don't go to events or frequent environments that don't match your preferences; remember that you can always decline an invitation. Ultimately, don't accept anything less than what you consider acceptable. Being authentic is an act of honesty with yourself and with others."
Secrets of the Millionaire Mind: How to Master the Inner Game of Wealth (2015), by T. Harv Eker
According to the author, we all have a financial pattern trapped in our subconscious, and it is this pattern, more than anything else, that determines our behavior regarding money: management, investment, and saving. The author claims that people can have knowledge about economics, marketing, real estate and so on, but, If your thinking pattern is not prepared for success, you will never achieve it.
It could be said that The secrets of the millionaire mind It is a book with exercises comparable to those of neurolinguistic programming, a pseudoscience that aims to "format" unwanted behaviors through a series of restructurings of thought, spoken, and bodily communication. Broadly speaking, this volume contains simple cognitive programming exercises.
Quotes by T. Harv Eker
- "If your motivation for acquiring money or success comes from a negative root, such as fear, anger, or the need to 'prove' yourself, your money will never bring you happiness."
- "You can have all the knowledge and skills in the world, but if your plan isn't designed for success, you're financially doomed."
- "Remember that thoughts generate feelings, feelings generate actions, and actions generate results. It all starts with your thoughts, which are produced by your mind."
The Richest Man in Babylon (2019), by George Samuel Clason
Using engaging, simple, and accessible language, the author draws on the financial rules that emerged in ancient Babylon and applies them to modern times, offering readers a comprehensive guide on how to achieve financial success. These ancient laws continue to be used and recommended by hundreds of economic specialists worldwide.
The interesting thing about this title is that it can be read like a novel, as it has that narrative quality that parables possess. In his work, The author claims that money, a universal criterion by which success is usually measured in our societies, It is only abundant for those who know the exact means to obtain it and maintain it for the rest of his life.
Quotes by George Samuel Clason
- "Learning was of two kinds: one was what we learned and knew, and the other was the training that taught us to discover what we didn't know."
- “A portion of everything I earn is mine to keep.” Say it in the morning when you wake up. Say it at noon. Say it at night. Say it every hour of the day. Repeat it until the words stand out like letters of fire in the sky.
The smart investor (2022), by Benjamin Graham
This book has been recommended by the world's leading economic experts, including Warren Buffett. The volume is known as "the Bible of finance", Responsible for inspiring both Buffett and millions of others who, like him, wish to find financial freedom. Not for nothing is Graham considered the greatest expert on this subject that ever existed in the 20th century.
First published in 1949, The smart investor laid the foundations of modern financial thought. Throughout its pages, The author explains to investors how to avoid strategy mistakes, while exploring how to develop a rational plan for purchasing stocks and increasing their value, all with a long-term view, including future generations.
Benjamin Graham Quotes
- "An investment transaction is one that, after thorough analysis, promises capital security and adequate returns. Transactions that do not meet these requirements are considered speculative."
- "You should thoroughly analyze a company and the strength of its underlying business before buying its shares; you should deliberately protect yourself against serious losses; you should aim for "adequate," not extraordinary, performance."
- "A stock isn't just a ticker symbol or an electronic flash; it's a stake in a real company, with an underlying value that doesn't depend on its share price."
