RateCity.com.au
Advertisement

Five personal finance classics to add to the bookshelf


RateCity Staff

By RateCity Staff

2 min read

Even the best savers, borrowers and investors need a bit of a tune up sometimes, so where better to look than to personal finance classics? These books are useful for novices and pros alike who want to work out a wealth-building strategy and implement it in less than a year. 

1. The Millionaire Next Door by Thomas J. Stanley and William D. Danko

 

There's a reason this book is an international best seller. The edition I own is 272 pages of tried-and-true, practical advice to get your finances in order and build wealth over the long term. From investing fundamentals to how to curb spending, it nails the psychology of building a nest egg and what could be holding you back. 

2. The Intellegent Investor by Benjamin Graham

 

The Intellgent Investor was published more than 65 years ago, but its ideas still have a valuable place in the modern stockmarket. Graham, a value investor, teaches readers how to minimise error and build a strong portfolio over a long period of time. 

3. Rich Dad, Poor Dad by Robert T. Kiyosaki 

 

Kiyosaki starts his book with the assertion that we learn nothing about money in school. And he's absolutely right. The premise of his best seller is that financial literacy begins in youth, but so often we leave it till late adulthood to learn about. The book will challenge your understanding of an asset and a liability and give you a few gems to pass down to the kids. 

4. One up on Wall Street by Peter Lynch

 

The moral of this wonderful story is you know just as much as a Wall Street fund manager paid 20 times your salary. Lynch would know, as he was a fund manager himself. He shows you how to spot sound investments without changing your everyday routine. 

5. The Richest Man in Babylon by George S. Clason 

 

More for inspiration than anything else, the Richest Man in Babylon has some lovely anecdotes and credible commandments about wealth-building, such as 'Control thy expenditures' and 'Make of thy dwelling a profitable investment'. I read it in uni and would recommend it for students familiarising themselves with the world of personal finance. 

Advertisement

Contact a Broker

A broker will compare hundreds of home loans to help find the right deal for you, at no cost.

By submitting this form, I accept Loan Market's terms and conditions, privacy policy and Collection Statement for this service.

Yes, I'd like to get email updates from RateCity

Submit your details now and a local expert will be in touch within a few business hours. They'll compare hundreds of home loans from up to 20 lenders including the big banks to find the loan that's right for you. Book your free appointment today.

Loan Market Pty LTD | Australian Credit License 390222 ABN 89 105 230 019

Compare your product with the big 4 banks, or add more products to compare
Advertisement