The Entrepreneur Forum | Financial Freedom | Starting a Business | Motivation | Money | Success

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Join free.

Join over 80,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.

Free registration at the forum removes this block.

Book recommendations, please

Anything related to investing, including crypto

Tanya

New Contributor
Read Fastlane!
User Power
Value/Post Ratio
71%
Apr 11, 2016
14
10
58
Derby, UK
Hi everyone,

Chapter 37 of The Millionaire Fastlane talks about the need for financial literacy when managing your money system. For example, knowledge of how a mutual fund works, what bonds are and how they rise and fall, how to calculate return on investment etc. In a nutshell, what do I need to know and understand in order to set up my money system?

Can anyone recommend and books or websites where a financial newbie might learn such relevant information?

Many thanks,
Tanya
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

Rob K.

New Contributor
User Power
Value/Post Ratio
150%
Oct 31, 2015
2
3
58
Hi everyone,

Chapter 37 of The Millionaire Fastlane talks about the need for financial literacy when managing your money system. For example, knowledge of how a mutual fund works, what bonds are and how they rise and fall, how to calculate return on investment etc. In a nutshell, what do I need to know and understand in order to set up my money system?

Can anyone recommend and books or websites where a financial newbie might learn such relevant information?

Many thanks,
Tanya

Tony Robbins 'Money - Master the game' has some good stuff in it.
 

jpmartin

Jedi Master
Read Unscripted!
User Power
Value/Post Ratio
82%
Sep 7, 2013
297
245
Hi everyone,

Chapter 37 of The Millionaire Fastlane talks about the need for financial literacy when managing your money system. For example, knowledge of how a mutual fund works, what bonds are and how they rise and fall, how to calculate return on investment etc. In a nutshell, what do I need to know and understand in order to set up my money system?

Can anyone recommend and books or websites where a financial newbie might learn such relevant information?

Many thanks,
Tanya

Check out Ramit Sethis - I will teach you to be rich. Good stuff on creating a system. Other books: http://jpmartin.com/club
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

Fox

Legendary Contributor
Staff member
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Rat-Race Escape!
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
Forum Sponsor
User Power
Value/Post Ratio
690%
Aug 19, 2015
3,881
26,766
Europe
On a really basic level I like The Richest Man in Babylon. Its not exactly Fastlane but its a good start to learn some really basic concepts.
Also Rich Dad Poor Dad. Again it has some flaws but they are both quick easy reads to get started.
 

Tanya

New Contributor
Read Fastlane!
User Power
Value/Post Ratio
71%
Apr 11, 2016
14
10
58
Derby, UK
On a really basic level I like The Richest Man in Babylon. Its not exactly Fastlane but its a good start to learn some really basic concepts.
Also Rich Dad Poor Dad. Again it has some flaws but they are both quick easy reads to get started.

Thanks, Fox. Yes, Babylon is one of my favourite books, even if they are Slowlane principles.
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

sharkas

Contributor
Read Fastlane!
User Power
Value/Post Ratio
156%
Nov 5, 2015
25
39
27
France

Tanya

New Contributor
Read Fastlane!
User Power
Value/Post Ratio
71%
Apr 11, 2016
14
10
58
Derby, UK
Well Tanya, if you want serious knowledge about that, concerning investing i can recommend you these books (classics of finance ) :

- The Intelligent Investor, by Benjamin Graham http://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661/ref=sr_1_1?ie=UTF8&qid=1460713744&sr=8-1&keywords=intelligent investor

- One up on Wall Street, by Peter Lynch http://www.amazon.com/One-Up-Wall-Street-Already/dp/0743200403/ref=sr_1_1?ie=UTF8&qid=1460713793&sr=8-1&keywords=one up on wall street

Watch also this video, one hour long, teaching the basics of investing and Finance ( really good ) :

Hope i helped

Thanks for that, Sharkas. Books noted ... I'll grab a coffee and watch the video.
 

townhaus

Bronze Contributor
Read Fastlane!
Speedway Pass
User Power
Value/Post Ratio
96%
Feb 21, 2012
285
273
32
London
Not a book, but Khan Academy is a great resource for your needs.

https://www.khanacademy.org/economics-finance-domain/core-finance

It's pretty objective, rather than being a book promising to teach you how to invest your way to a comfortable retirement at 7% per year.

Honestly, theres a lot of crap information out there. This is one of the best.

P.s

Definitely learn about bitcoin (also alternative investments: commodities & how hedge funds work).

This will rarely be mentioned in traditional finance books, or by any financial advisors. Khan Academy gives a good overview of these too.
 
Last edited:

nradam123

Silver Contributor
Read Fastlane!
Speedway Pass
User Power
Value/Post Ratio
165%
Mar 14, 2016
413
682
33
For example, knowledge of how a mutual fund works, what bonds are and how they rise and fall, how to calculate return on investment etc.

Tanya


First, watch this video by Ray Dalio (Founder of Bridgewater Investment firm, Net Worth - $15 billion dollar) -


Then, read the book "Intelligent Investor" by Benjamin Graham (First mentor of Warren Buffet) to get an idea about investing.
Then, read the book "Reminiscence of a Stock Operator", biography of Jesse Livermore who was a legendary stock trader.

The idea of reading the books above is to get the mindset to understand money. But its not going to teach you a lot practically.

Then the thing you should do (Which i am doing now) is to go visit a reputed Business University in your area. Do you have any friends studying there? Go and talk to a few students about the syllabus. Then lend a few books on finance and accounting. These are academic books so it wont be fun to read. But if you have the hunger you will finish it in record speed.

If there is no university near you maybe you can talk to people online and get an ebook or something. I usually lend books from the previous semester which they plan to throw away anyway.

Lastly, I do spend sometime with my friends who are are running businesses or investing - and then ask them questions to learn from them. To be honest, this is the best way to learn if you have people around you who know some things more than you.

Hope it helps. Good luck.
 

Tanya

New Contributor
Read Fastlane!
User Power
Value/Post Ratio
71%
Apr 11, 2016
14
10
58
Derby, UK
Not a book, but Khan Academy is a great resource for your needs.

https://www.khanacademy.org/economics-finance-domain/core-finance

It's pretty objective, rather than being a book promising to teach you how to invest your way to a comfortable retirement at 7% per year.

Honestly, theres a lot of crap information out there. This is one of the best.

P.s

Definitely learn about bitcoin (also alternative investments: commodities & how hedge funds work).

This will rarely be mentioned in traditional finance books, or by any financial advisors. Khan Academy gives a good overview of these too.


Brilliant - that's exactly the sort of thing I'm after, thank you
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

Tanya

New Contributor
Read Fastlane!
User Power
Value/Post Ratio
71%
Apr 11, 2016
14
10
58
Derby, UK


First, watch this video by Ray Dalio (Founder of Bridgewater Investment firm, Net Worth - $15 billion dollar) -


Then, read the book "Intelligent Investor" by Benjamin Graham (First mentor of Warren Buffet) to get an idea about investing.
Then, read the book "Reminiscence of a Stock Operator", biography of Jesse Livermore who was a legendary stock trader.

The idea of reading the books above is to get the mindset to understand money. But its not going to teach you a lot practically.

Then the thing you should do (Which i am doing now) is to go visit a reputed Business University in your area. Do you have any friends studying there? Go and talk to a few students about the syllabus. Then lend a few books on finance and accounting. These are academic books so it wont be fun to read. But if you have the hunger you will finish it in record speed.

If there is no university near you maybe you can talk to people online and get an ebook or something. I usually lend books from the previous semester which they plan to throw away anyway.

Lastly, I do spend sometime with my friends who are are running businesses or investing - and then ask them questions to learn from them. To be honest, this is the best way to learn if you have people around you who know some things more than you.

Hope it helps. Good luck.

Thanks for the recommendations, nradam. I have read Reminiscences of a Stock Operator. I'll check out your other suggestions.
 

tonyf7

Bronze Contributor
Speedway Pass
User Power
Value/Post Ratio
130%
Oct 27, 2016
141
183
Arkansas
Not a book, but Khan Academy is a great resource for your needs.

https://www.khanacademy.org/economics-finance-domain/core-finance

It's pretty objective, rather than being a book promising to teach you how to invest your way to a comfortable retirement at 7% per year.

Honestly, theres a lot of crap information out there. This is one of the best.

P.s

Definitely learn about bitcoin (also alternative investments: commodities & how hedge funds work).

This will rarely be mentioned in traditional finance books, or by any financial advisors. Khan Academy gives a good overview of these too.
Nice find! Had no idea Khan was doing this.
 

mom

Contributor
User Power
Value/Post Ratio
55%
May 9, 2016
55
30
53
Darvas - How I Made $2 Million in the Stock Market
Jesse Livermores are good as well.
Tharp offers good on psychology of trading.

Forget all the rest....it's upto you to learn and adapt. Even then you can mess it up or the markets can not perform...

Market is about 80% whether you succeed or not.
 

Tanya

New Contributor
Read Fastlane!
User Power
Value/Post Ratio
71%
Apr 11, 2016
14
10
58
Derby, UK
Darvas - How I Made $2 Million in the Stock Market
Jesse Livermores are good as well.
Tharp offers good on psychology of trading.

Forget all the rest....it's upto you to learn and adapt. Even then you can mess it up or the markets can not perform...

Market is about 80% whether you succeed or not.


Cool, thank you
 
Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

Guest post submissions offered HERE.

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Top