What book about money/investing etc would you recommend?

Mirna·Jan 20, 2022

I loved Psychology of Money by Housel. I most liked it because it encourages individual approach to money, related to your beliefs, preferences, lifestyle aspirations etc and not giving the "cookie cutter" approach of standardized steps.

What are your favorites (and why)?

I would like to create "finance-related booklist" and keep on coming back to them often :)

liztalago·Jan 20, 2022

Hi there! I can't recommend "We Should All Be Millionaires" by Rachel Rogers enough. I listened to it on audible and then ordered a hard copy so I could re-read it and take notes. It's by far the most candid, relatable discussion of money and gender I've ever encountered in book form and it's helped me (and some of my clients) gain clarity around why more women need to make more money. It's part tactical strategy and part mindset work and she does a lovely job of dovetailing both!

Mirna·Jan 21, 2022

@liztalago thank you so much for sharing, I haven't heard of this book before, and it has really great goodreads reviews. So I grabbed it to my kindle and will be reading it as soon as a bit of my "reading capacity" opens up (which I think will be in late February)

liztalago·Jan 24, 2022

You are so welcome! I'm considering seeing if there's interest in a book club of sorts with fellow elphas that have interest in this book.

ChristineF·Jan 22, 2022

I loved this, too. There's a whole new narrative around money especially for females and Rachel is part of it.

Kennie3044·Jan 24, 2022

Thank you for sharing...I will also check it out.

Iynna·Jan 20, 2022

I love this topic so much and fortunately for you it's been touched on many many times on Elpha, here are some threads for youhttps://elpha.com/posts/zl7c4gjm/learning-personal-financea super good thread https://elpha.com/posts/o6vhc1du/what-i-wish-i-knew-about-personal-finance-at-the-beginning-of-my-career (might be a bit US focused for you though)https://elpha.com/posts/djt6mgkx/need-advice-personal-finance-strategieshttps://elpha.com/posts/atepfete/have-you-figured-out-how-much-you-need-to-retirehttps://elpha.com/posts/16gw09du/book-mooc-blog-recommendations-for-finance-noobHave fun!!!

Mirna·Jan 21, 2022

oh sorry, i totally missed to see, I scrolled through previous questions in this community but missed to check on search :( thank you for reconnecting the topics @iynna <3 and I will be checking all these others that you shared :)

Iynna·Jan 21, 2022

OMG please don't worry at all - that's why I am here!

sophiamatveeva·Jan 20, 2022

@liztalago is absolutely spot on. I'm listening to We Should All Be Millionaires on repeat on Audible.

liztalago·Jan 21, 2022

It's so dang good! I feel like Rachel is saying all the things I've been thinking for years.

emily8·Jan 21, 2022

I really enjoyed “I will teach you to be rich”!

Mirna·Jan 21, 2022

ooooh I have to admit I really dont resonate with that title :D has such a superior position.... I will try to get overmyself and grab it anyway hehe especially as it has very good goodreads reviews, but would also be super helpful to hear what you found valuable about it ;)

sarahcook·Jan 24, 2022

@Mirna I also have read this book, and I was also initially turned off by the title! The author talks about what "rich" means to everyone - to some it means travelling, to some it means paying for their children's college, etc. I thought the book was a really easy to understand especially for someone like me with very little money/investing knowledge!

jwynona·May 24, 2023

I second this. I really enjoy the book and how Ramit offers practical advice instead of "one size fits all" approach.

reshmamathew·Feb 01

I second this as well. Ramit’s trying to change our mindset about money. He’s trying to break this phenomenon about money being so mysterious that we will never understand how to have a healthy relationship with it, this feeling is true for many like me. I recommend watching his sessions with couples on youtube, they are long but I listen to them when doing chores around the house so it works out. ;)

scheherazadehasan·Jan 21, 2022

I loved the little book of common sense investing by John Bogle - he was the Founder of Vanguard. Investing doesn’t need to be complicated and this book is a super informative yet quick read!

haleymbryant·Jan 21, 2022

Great question Mirna! Excited to check out the resources from Liz! I recently finished Elizabeth Yin’s Democratizing Knowledge, which has a few threads on angel investing specifically and the startup ecosystem broadly. I joined Hustle Fund because I’m a huge fan of Elizabeth and the work she’s doing to democratize wealth creation through startups. More info here if you want to download the book for free: https://www.hustlefund.vc/dk-book

npn·Jan 21, 2022

Millionaire Teacher! It’s the first book I read when I wanted to start investing and was a great intro to the basics. It’s a simple, easy read. Totally recommend it to anyone who is just starting out!

ChristineF·Jan 22, 2022

I believe strongly your mindset around money is as important as the strategy books. For this reason I love You are a Badass at Making Money and Happy Pocketful of Money. I will also add, I started spending more time with successful female entrepreneurs - not necessarily in tech - though some are - and can't recommend this enough. You want to be in the room with other women making money and wise decisions with it. I can tell you I'm making much different financial decisions with my money now, as of a few years ago, and the effects are already quite impactful. We are taught by 'the system' from an early age to save into 401Ks and 529s. However, there are additional options and vehicles to consider as well that might be more beneficial to you depending on your situation.

kneeyatie·Mar 06

@ChristineFiske interesting, I’d love to hear what other savings options you’ve considered aside from 401ks

jazanne·Jan 24, 2022

Love all these suggestions! Many of these I have read and others I’m excited to check out.Wanted to throw in “Your money or your life” by Vicki Robin. This was one of the first $ books I read and completely made me rethink my outlook on life and the “paid employment”.“The simple path to wealth” by J.L. Collins is a great simple investing book and “Broke Millennial Takes on Investing” was a great read to help me learn the very basics of investing and what all the terms mean in a very non-judge mental/ non-jargonny way

Kennie3044·Jan 24, 2022

@Mirna Hi there, I'll always recommend the classics. Rich dad poor dad- Robert Kiyosaki and Sharon LechterRichest man in Babylon- George ClasonThink and grow Rich- Napoleon HillI love these classics because they helped me reshape my mindset about the idea of making and growing money beyond a 9-5 income.A more recent one from a Nigerian Writer- The smart money woman- Arese Ugwu. I love this one because it is pro-women and it address most of the 'ruinous' money habits of African women...also the writer made it into series showing on netfix.Enjoy!

Aarati·Jan 25, 2022

Psychology of Money is my favorite too :)Rich Dad, Poor Dad by Robert Kiyosaki is also a good to understand, shape the financial wellbeing mindset. The Intelligent Investor by Benjamin Graham understanding stock market fluctuations and investment mindset. Used & recommneded by Warren Buffet.

Mirna·Jan 27, 2022

thanks :)

caitlinanderson·Apr 06, 2022

"Your Money or Your Life" was a game changer for me. I appreciated how Vicki Robin went into motivations beyond money.

Mirna·Apr 08, 2022

Great; thanks so much for sharing :) what made it a “game changer” for you?

mariagc·Sep 05, 2022

@Mirna The simple path to wealth by JL Collins

nakomaehrhart·Sep 13, 2022

"Get Good with Money" by Tiffany Aliche is a really great read for personal finance lovers at any life stage! She breaks large and confusing concepts down into easily digestible chapters and to-do list items. A must-have for any young adults just starting out, and something I keep referring back to in my adult life as well!

tarapjstevens·Jan 12, 2023

https://femaleinvest.store/en-gb/products/en-girls-just-wanna-have-funds enjoy x

rainleander·Mar 27, 2023

Overcoming Underearning! This book is an exceptional resource for those who struggle with financial issues and want to improve their financial situation. Specifically, the book is ideal for:- People who feel stuck in their careers and aren't making the money they feel they deserve.- Individuals who struggle with managing their finances or budgeting effectively.- Those who have difficulty negotiating salaries or asking for raises.- People who feel anxious or fearful when it comes to money matters.- Those who want to understand the psychological and emotional factors that can impact their financial decisions.- Individuals who want to build a healthy relationship with money and create financial security for themselves.

elenaprokopets·Feb 15

Saved some recs from this thread! The best book I read about investing is 'Girls That Invest' by Simran Kaur (the namesake podcast is awesome too, although they switched more entrepreneurship & startup investing). The best book I read about investing is 'Girls That Invest' by Simran Kaur (the namesake podcast is awesome too, although they switched more entrepreneurship & startup investing). It really nicely breaks how the stock market works (without any intimidating financial terms), how to value invest and construct a nice portfolio for yourself. Great both in terms of shaping your mindset (and addressing your fears) and giving you practice knowledge to apply immediately.

marlasofer·Sep 02

There are a few books that take an alternate view of money as a tool rather than a goal. I recommend "The Future You" by Brian David Johnson and "Die with Zero." They both position YOU as the center and money as something you control to achieve your vision in line with your values. If you're ever interested in a supplement to a book - a tool to help you align your money and values in yoru personal life, try Knomee at knomee.com.

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