If you wish to enhance your knowledge of finance to better comprehend fintech, several books are essential. Although fintech is largely about technology, it’s crucial to remember that it is fundamentally rooted in finance. Without a solid grasp of financial principles, there would be no fintech. Therefore, having a good understanding of basic financial concepts is vital, especially if you are considering a career in the industry.
These recommendations also apply to improving personal or business financial management. It’s surprising how many individuals, whether wealthy or not, lack a firm grip on their finances. The same applies to seemingly successful businesses. While visiting informative websites like Fintech Review can be beneficial, delving into the following list of top finance books can provide a deeper insight:
The Intelligent Investor by Benjamin Graham (1949)
Originally published in 1949, The Intelligent Investor is a timeless classic for those seeking to learn about investing. Despite its age, the book has been regularly updated since its initial release. It is advisable to ensure that you acquire the most recent version, although the original edition still holds significant value.
Benjamin Graham, who was the mentor of Warren Buffet, contributes to the importance of this book in financial literature. Yes, Warren Buffet, the renowned and successful investor. This book provides insights into long-term and value investing, as well as an understanding of security analysis, equipping readers with the knowledge needed to master portfolio management.
Think and Grow Rich by Napoleon Hill and Arthur R. Pell (2005)
Similar to The Intelligent Investor, the 1937 bestseller by journalist Napoleon Hill has been recently revised and updated by Arthur R. Pell. Despite its age, Think and Grow Rich remains highly relevant today and is one of the top finance books. In creating this book, Napoleon Hill researched over 500 self-made millionaires over two decades, showcasing an unparalleled level of dedication.
Instead of focusing solely on finance or money, Napoleon Hill delves into the mindset of successful individuals and what sets them apart from the average person. This book primarily explores the psychology of wealth-building and achieving prosperity, making it a valuable read.
Freakonomics by Steven D. Levitt and Stephen Dubner (2005)
Although not specifically centered on finance, this engaging and thought-provoking book explores real-life economics. Freakonomics addresses various everyday scenarios and asks pertinent questions backed by substantial data. From comparing the risks of a gun and a swimming pool to examining the economics of financing a campaign, economist Steven D. Levitt and journalist Stephen Dubner delve into a diverse range of economic topics. This book is especially relevant for those who find economics mundane, as it is anything but!
The Science of Getting Rich by Wallace D. Wattles (1910)
Less renowned than the other books on this list, The Science of Getting Rich is another classic finance book from 1910 written by Wallace D. Wattles. Notably practical and pragmatic, this book offers clear techniques for increasing wealth while leading a more fulfilling life. Its relevance remains as strong today as it was over a century ago.
Rich Dad Poor Dad by Robert T. Kiyosaki (2007)
Considered the best-selling personal finance book of all time, Rich Dad Poor Dad is a bestseller by self-made millionaire Robert T. Kiyosaki. Its unique narrative style presents the story of growing up with two fathers – his own and his best friend’s wealthy father. The book delves into how each figure shaped his perspectives on money and investing.
Readers can expect to gain insights such as realizing that simply earning a high income does not equate to being rich, a concept that may not be obvious to many. Additionally, the book stresses the importance of saving for the future over immediate spending, making it a valuable resource for developing personal finance skills.
What else?
While there are numerous other noteworthy finance books worth exploring, such as Michael Lewis’s Flash Boys or The Big Short, and Michael Porter’s Competitive Strategy…
…these five books serve as a solid foundation to kickstart your journey!
