Learning about finance is tough. Especially for new investors. Luckily, it doesn’t have to be this way.
Below are three easy reads jam packed with actionable information. If you pick up any of these titles and follow their advice, you’re going to improve your financial state.
If you’re look to master your money and build incredible wealth, give these books a read.
1. The Richest Man In Babylon
An excellent starting place for all things personal finance.
I actually read this book as a teenager and used its basic principles to stay debt-free my entire life.
If you follow the author’s advice to “save at least 10% of everything you earn,” you’re going to build massive wealth.
Stick your money in a high yield savings account, don’t overspend, and you’re well on your way to becoming rich. Simple advice, but incredibly effective.
Give this book a read and follow it’s guidelines. It’ll help you immensely.
2. Millionaire Teacher
This is a great, relatable book for new investors. In it, you’ll learn how to safely grow your money and master your finances.
What’s cool about this title is the fact that it’s written by a normal guy. The author, Andrew Hallam, was an ordinary high school teacher who became a self-made millionaire using the book’s nine simple steps.
If you’re looking for a great, no nonsense guide to mastering your financial future, read this book.
3. The Automatic Millionaire
An awesome book for anyone curious about investing. One of the first financial books I ever read, and a huge motivator.
The Automatic Millionaire walks you through an incredibly simple wealth building strategy.
By automatically investing tiny amounts of cash (less than $7 in many cases), you can create a massive nest egg.
It’s a simple system for becoming a millionaire through easy “fire and forget” investments. Exciting stuff and highly encouraging for new investors.
Other Tips For New Investors
If you’re just starting out, open a high yield savings account. These generate more interest than your typical bank does.
Personally, I use the CIT Savings Builder program. It currently pays 2.45% interest, making it a great place to park your money while you look for investment opportunities.
Plus, CIT Bank is FDIC insured, making it one of the safest returns on investment you’ll ever find.
