Random Thought - I have been asked by a few different people for good investing books to read. So here are a few that I like.
Rich Dad, Poor Dad by Robert Kiyosaki -- This one will make your head hurt. A word of caution, to much leverage sinks the ship. Try to borrow only 40% of the cost of your endeavor. 60% capital and 40% borrowed is the number the big boys use.
Intelligent Investor by benjamin graham -- A timeless classic.
I have a longer list .... However instead of feeding you fish let me teach you some fishing. The way I find good books is to google top level business leaders recommended reading book lists. Then compare the lists and see which books get recommended one more than one list.
I hope this helps you on your journey.
The book Rich Dad Poor Dad is very controversial. It is also the book that helped me the most with my finances!
I will be giving 2, 50% votes. To enter leave a comment on this post. Winners will be chosen at random on 7/10.
Best Regards,
Dreamryder007
I would like to know if you could give some tips on what to do in this bear market, many had all their investment insured in cryptocurrencies and the losses are monumental.
If you have energy, food is a good place to work. Learning to cook and run a restaurant seems good. People eat 2-3 times a day. I owned a Subway franchise when I was younger and learned a lot about business. When you have little business experience, franchising makes sense (to me anyway)
or
find something you enjoy doing and try to find a way or job to make money in that field.
But advice on the internet is cheap ... what I mean to say is that YOUR (and everyones for that matter)situation is to complicated with to many variables for one size fits all to be much help.
First, invest in yourself. The best return most people will ever get is upgrading their ability to get a better job.
Second, the road to financial freedom is long and most never make it :(
I recommend reading Warren Buffet stuff when you can. I like quotes and info that he has personally said.
Third, learn about stocks, options, bonds. I also like currency pairs but it is harder.
Another good book
I have found people are their own worst enemy when it comes to money.
I have not had much success in crypto markets. I can't even run a free giveaway on a hippie / do-gooder platform without getting into trouble.
lol, that's hilarious. I remember that post, they started downvoting your replies...
Thank you for sharing this. I remember reading Rich Dad and Poor Dad and even playing the game Cashflow. This helped change my mindset about managing my finances. Hopefully, I'll be able to get a copy of the book by Benjamin Graham. Anyway, thank you for bringing back the giveaways!
Congratulations you win :)
Thank you so much!
I have read both the books before jumping in stock market.. and seriously Rich Dad Poor Dad actually changed my perception about investments like about 180°.
I like played 100 times the cashflow game till I became addicted to the idea it wanted to set in my brain..
One best thing that I always keep recalling... "calculated risks".. if its not calculated its a gamble which i don't believe in..
Thanks man for reminding of the legendary books..great choices!
I agree with Rich dad, Poor Dad! Good read indeed :)
Those are two good books. I like Rich Dad, but some of the lessons are not for everyone.
I usually add Dale Carnegie's How to Win Friends and Influence People to my list. It's not necessarily a business book but it teaches some of the keys to building wealth. In today's world almost everything you have or use comes through other people. In order to make an abundant income you need to add value to people in some way, the more people you add value to the more you make.