Favorite Books And The Best Ways Of Investing Money

In high school, I hated reading. I didn’t hate reading books, I hated reading text books.

I would get fiction from the library and read late at night, hiding under the blanket with a flashlight. I read anything I could get my hands on. Even my sisters Sweet Valley High, Mills & Boons & SVU series books.

Usually, I would run through a book in a few days. The only books that I would not finish were my course books. My grades through high school vouch for that.

Here’s the fun thing, though, because I read a lot, I developed the habit of reading a lot. This didn’t help me in my grades in high school but gave me a significant advantage over my peers in life.

I could read email, documents, and office newsletters faster than my colleagues. Giving me a definite edge when talking to my boss. Most of the reading I did at work was boring. It still had to be done, and so I did it.

But by reading all the boring stuff at work I realized that I had very little time to read other stuff. Which forced me to do one thing.

Read only the stuff that I liked. The rest of the stuff I just couldn’t read, since I didn’t have the time to read it.

So I developed a strategy for my reading. If I don’t get hooked on a book within the first 30 mins of reading, I stop reading the book. This means that I only read the books that I like, or that are very well written.

I don’t have to read everything and I don’t have the pressure to read everything anyway.

So if something interests me. I’ll read it. If it bores me, I’ll toss it away. That’s why I suggest you do also.

If it interests you – read it. If it doesn’t interest you – throw it out. There are much more books to read.

What Books Should You Read?

Here’s a list of 10 books you should read regardless of whether you like them or not. If they bore you – think about translating them into stories that would interest you.

Think of these 10 books as a mandatory reading list. Then you can develop on that.

1. Think & Grow Rich by Napoleon Hill
2. Choose Yourself by James Altucher
3. Learned Optimism by Martin E. Seligman
4. The Rational Optimist by Matt Ridley
5. Abundance by Peter Diamandis
6. The Psychology of Success/Achievement by Brian Tracy
7. Rich Dad, Poor Dad by Robert Kiyosaki
8. The Millionaire Mind by T. Harv Ecker
9. Unlimited Power by Anthony Robbins
10. The 5 Love Languages by Gary Chapman

Read everything by the authors mentioned in this answer.

Bonus:
1. How To Win Friends & Influence People by Dale Carnegie
2. The 7 Habits of Highly Effective People by Stephen R. Covey
3. In Search Of Excellence by Tom Peters

Now let’s look at a few books which you can read topically.

What Are Some Books You Should Read On Following Topics?

Philosophy
1. The Story Of Philosophy – Will Durant
2. The Golden Sayings of Epictetus
3. Thoughts of Marcus Aurelius
4. Meditations by Marcus Aurelius
5. Plato & Platypus Walk Into A Bar by Thomas Cathcart

Personal Finance
1. The Millionaire Next Door by Thomas J Stanley
2. The Automatic Millionaire by David Bach
3. Rich Dad Poor Dad by Robert Kiyosaki
4. The Richest Man In Babylon by George Clayson
5. I Will Teach You To Be Rich by Ramit Sethi

Economics
1. Intelligent Investor by Benjamin Graham
2. Freakonomics by Steven D. Levitt et al
3. Undercover Economist by Tim Harford
4. The Snowball by Alice Schroeder
5. Atlas Shrugged by Ayn Rand

Politics
1. War & Peace by Leo Tolstoy
2. The Art Of War by Sun Tzu
3. 48 Laws of Power by Robert Greene
4. The Worlds Greatest Speeches by Lewis Copeland
5. All the biographies of famous historical people you can find

Read all the books that these authors have written. Then read the books that these authors have recommended or talk about in their books. You will get a better education than anything else you could ever imagine.

Now to your second questions.

Where To Invest Your Capital For Growth?

The only place where your capital will really grow exponentially is when you invest it in yourself.

But you can’t just invest all the capital on yourself immediately.

So for starters – invest the capital in a fixed income deposit, mutual fund, or S&P index fund. This is so your initial capital is away from impulsive decisions, charlatans, and people looking to get your money.

You’re also doing this so you can take the time to develop yourself and grow yourself.

Take the dividend or interest you get and use that to grow your knowledge and experience. Learn everything you can about starting and growing a business, about stock markets, about real estate.

Read as much as you can. The more you do the more you will realize what you really like. You will discover your own temperament.

If you like to read about real estate and how to invest in the real estate but get bored reading about the stock market then you know that investing in the stock market is not your cup of tea.

Whatever you do think about boot strapping. Remember no one else will care about your money, or growing your money more than you will. So you have to find the best places to invest it in for growth.

Read the books, then take $1,000 with the goal of making it $2,000. Investing in real estate, or stocks, or a business, or a hobby. Whatever fancies you.

Every time you get an idea in a book, go out there and implement it immediately. This will really help you learn the lesson.

At the end, if you feel that you’re still not sure what to do with your money think about becoming an angel investor. Putting your money in promising startups. That’s the best place to put your money in.

But a word of warning…

Only invest in industries and companies that you understand and have a little bit of knowledge about. Understand the business model, how they will make money, what are the costs, is it scalable?

When you know these variables, you can make better investment decisions.