Many major sports around the world comprise of teams of 11 players, whether football, cricket or even hockey. The following list of books are my Finance Starting XI books. Each book that you will see below contains something entirely different, yet so similar to the rest. Whether its a lesson in life, a story from a billionaire’s past or a mind boggling statistic, these books are sure to amuse and dazzle you. Get ready to increase your knowledge appetite!

11. I Will Teach You to Be Rich by Ramit Sethi

I Will Teach You To Get Rich has a style and form that breaks away from the norm of technicalities and complex sounding business terms. While personal finance books often seem very dry, this book is by no means boring. Ramit Sethi will treat you tales of “negotiating like an Indian” while tackling the finer details of your personal finances.

Throughout the book, you’ll come across manageable action steps at the end of most chapters. If you choose to act on these steps, your finances will be on track by the end of six weeks. Chapters look in depth about basic concepts like credit cards, index funds and investment principles and are certainly apt for the audience it was orginally written for – the average investors of 2009 America who were still feeling the consequences of the 2008 market crash.

10. Money: Master the Game by Tony Robbins

Money Master the Game by Tony Robbins is the ultimate guide to building a secure financial future. Robbins provides detailed accounts of what works and what doesn’t. It distills financial planning into 7 basic principles.

Distilling insights from the best minds in the financial world, Robbins explains the rules all investors need to know and shares the best strategies from those who have already mastered them. money game. Ultimately, its goal is to help readers establish a secure source of income for life. To that end, Robbins cuts through industry jargon, debunks common myths, and identifies investment pitfalls, such as hidden fees. It also explains how to minimize severe losses while increasing profits and how to stay on target in the long run. As a bonus, it includes a Q&A chapter with several prominent financial figures, including Yale chief investment officer David Swensen and Vanguard founder John C. Bogle.

9. Principles for Dealing with the Changing World Order by Ray Dalio

Ray Dalio is the founder and former CEO of Bridgewater Associates, the world’s largest hedge fund. His book The Changing World Order is a study documenting the rise and fall of empires, nations, and civilizations and how this has changed world order. As we approach the time when one great power declines and another rises, it is important to be prepared.

The first part of the book is to convince the reader that these cycles are happening and that they make the difference between going up and down at any moment. Dalio fills many pages of his book with explanations and insights into the full impact of money and credit on the rise and fall of empires. He explained that the monetary policies that the US used to stimulate the economy have now become problematic. Principles for dealing with a changing world order are not easy to read; it is a dense set of historical discussions that pervade one chart after another of evidence per cycle. Despite this obstacle, Dalio’s often unconventional, balanced analysis of the likely outcome of the current stiff competition between the United States and China is timely.

8. The Little Book of Valuation by Aswath Damodaran

If you want to be a successful investor, it is imperative to know how to value the value of a property. Valuation is at the heart of any investment decision, whether buy, sell or hold. In The Little Book of Valuation, expert Aswath Damodaran explains the techniques in language all investors can understand, so you can make better investment decisions when considering securities research reports and engages in independent efforts to evaluate and select stocks.

Page by page, Damodaran distills the fundamentals of valuation without masking or ignoring key concepts. The most interesting thing about a book like this is that it doesn’t confuse the average reader. You could be a bus driver, a school teacher or even a bored teenager reading this book, and you’ll still understand almost everything in it.

7. The Richest Man in Babylon by George S. Clason

George Clason’s The Richest Man in Babylon is known as the bible of financial freedom. This book shows the timeless rules and laws of money that anyone can use. This book is for those who want the goldmine of financial success. A few simple yet profound stories that will help you understand money.

Using short stories, this book teaches simple and clear lessons that lead to the secret to wealth creation that has remained unchanged throughout history. The story revolves around a man who wanted gold and worked hard to get it, learned from his mistakes and eventually became the richest man in Babylon. Every concept covered in this book is understandable to the average person, as it covers the basics of money management. With each chapter, money concepts tell you how to start building wealth, how to keep it, and how to multiply it. You will learn many new truths about life, which at first may be difficult for you to understand, but once you begin to understand the eternal principle of money, you will easily get rich.

6. The Psychology of Money by Morgan Housel

“The Psychology of Money” is a quick and engaging read that shows that the ability to achieve wealth often depends more on rational behavioral skills than intelligence – and that behavior is often difficult to teach. Author Morgan Housel illustrates his point through a series of short stories about people’s decisions to make money.

Throughout the book’s 20 easy-to-understand chapters, Housel offers examples of people who have succeeded — and those who have failed — in amassing wealth, preserving it, and making profitable long-term investments. Money psychology recognizes that the decisions people make about money are not always based on data. Instead of following the mathematical approach presented in traditional personal finance books, Housel seeks to explore how real money decisions are made. It shows how financial decisions are made based on factors such as personal history, worldview, fears, and pride.

5. A Little History of Economics by Niall Kishtainy

In A Little History of Economics, Niall Kishtainy details the complex trajectory of the economy from ancient Greece to the present day, drawing on a wealth of historical knowledge, unraveling anecdotes and examples as well as imaginative metaphors to trace the development of economic thought. What causes poverty? Is economic crisis inevitable under capitalism? Is state intervention in the economy good or bad? While the answers to these basic economic questions are important to everyone, unfamiliar economic language and math can seem daunting.

This clear, accessible and even humorous book is ideal for young readers who are new to economic concepts and for readers of all ages who want a better understanding of the history and ideas. economy. The development of economic thought has never been simple or linear. It is punctuated by new discoveries, shaped by developments in the economic landscape and subject to advances and failures. This largely chronological book begins with Plato in ancient Greece and the “religious economy” of the Middle Ages, galloping through the Enlightenment thought of Adam Smith, Karl Marx and the Great Depression. from the 1930s to the 2008 financial crisis.

4. Narratives and Numbers by Aswath Damodaran

Through a series of case studies, Narrative and Numbers describes how storytellers can better integrate and retell numbers and how number processors can compute more imaginative patterns. for careful consideration. Damodaran sees the early days of Uber and storytelling as key to understanding different ratings. It investigates why Twitter and Facebook are valued at billions of dollars in their public offerings and why one (Twitter) stagnated, while the other (Facebook) grew.

Damodaran also looks at older business models, such as those of Apple and Amazon, to demonstrate how a company’s story can enrich and constrain its story. And through Vale, a global mining company based in Brazil, he shows the influence of external narratives and how countries, commodities and currencies can shape corporate narratives. Narrative and Numbers reveal the advantages, challenges, and disadvantages of weaving stories around numbers and the best way to test a story’s plausibility. After all, stories without numbers are little more than fairy tails. Numbers without stories are exercises in financial modelling. A good valuation is a bridge which will bring stories and numbers together.

3. Freakonomics by Stephen J. Dubner and Steven Levitt

Freakonomics, which weighs just over 200 pages (plus a sizable piece of supplemental material for those who want to learn more), takes its main argument with the idea that economics exists as a tool for research. society. Steven D. Levitt, who calls himself a “rogue economist” in the title, uses the tool to analyze a wide range of random topics. These include the recent drop in crime in American cities, the potential for rampant corruption in professional sumo, and the real impact of parenthood on a child’s life outcomes, among others. different things. In fact, the tools and trends in Levitt and Dubner’s “economics” correspond so closely to data analysis experience that we are comfortable recommending this book as a love letter. to the field of data science (as well as other analytical professions). With this in mind, Freakonomics applies the following five principles:

• Incentives are the foundation of modern life.
• Conventional wisdom is often wrong.
• Dramatic effects often have remote, even subtle, causes.
• The “experts” – from criminologists to real estate agents – use their information advantage to serve their own agenda.

2. The Intelligent Investor by Benjamin Graham

Perhaps the greatest finance book of all time, ‘The Intelligent Investor’ serves as the foundation of modern investing and serves as a building block for navigating the financial world, right from your 20s. Benjamin Graham is widely revered as the Father of Value Investing and his philosophies have immensely influenced likes of Warren Buffet and others.

Graham uses the allegory of Mr. Market to represent the investing world at large. Some days, Mr. Market is overly optimistic and overvalues some stocks. Some days, he is depressed and undervalues them. The main task of the intelligent investor is to not follow Mr. Market’s moods. He should sell to Mr. Market when he is optimistic, and buy from him when he is depressed. This is just one of the many lessons on investing that Graham has dispensed in his book. For rookies and beginners, like myself, this book offers insight on how (and why) value investing works and presents the simplest method to approach stock investing. Perhaps the only reason why this book doesn’t take the number 1 spot is that it is made for people who are ready to invest. By ‘ready’ I don’t mean financially ready, but rather psychologically ready to adopt the lifestyle and strategies of the rich. For the average person with no strong financial knowledge, this book may sound like a shot at instant wealth, and following Graham’s advice may surely ‘make you rich’. But becoming rich is one thing, staying rich is another.

1. Rich Dad Poor Dad by Robert Kiyosaki

This was the book that got me interested in learning about finance and money making. If not for Rich Dad, Poor Dad, I perhaps wouldn’t have been here today. At first, this book is offending and I don’t mean in a bad way. The book is outright in challenging widely held beliefs about money and seeks to wake the readers up from the modern mindset that keeps them poor and build a mindset that recognises and understands the basics of money and what it truly means. One of the best things about this book is the way in which it is written. Whilst some of the other books in this list contain difficult to comprehend finance terms, Kiyosaki ensures that his book can be understood by anyone, even a 12 year old.

Kiyosaki’s lessons on money management and stories on why the rich get richer and the poor get poorer through the lens of his rich dad and poor dad’s beliefs and lifestyles serves as a basis of this book. A new story and analogy each chapter keeps the readers intrigued and ensures that the readers are prepared to be rich. Throughout the novel, he uses fancy cars, or driving expensive vehicles, as an expression of something wealthy people can or should do. He associates consumption with wealth, but never suggests that people spend money they don’t have. In fact, he insists on paying for his own luxuries not with income earned by employment but with passive income produced by investments.

For a more detailed review and summary of the book, check out my blog post on Rich Dad, Poor Dad.

Final Thoughts:

This list is by no means exhaustive. There are many great books on finance, business, economics and investing. There are books that teach you how to invest; there are books that teach you how to build a billion dollar business; there are books that impart stories and lessons on money management and then there are books that delve into the nitty-gritty of economics. Some good books focus more on stories, other good ones focus on numbers and data, but the greatest books on finance take the best of both world’s and present the readers with something unique, something unheard of, yet something remarkable. But reading books alone is never enough. Applying their concepts and lessons is the most important thing. After all, managing money and finance is a craft, not an art or a science. In sciences, reading a book and understanding its theories are merely enough. But in a craft, the only way to get better is to practice in the real world. Use the books and their knowledge as a stepping stone into the world of the Rich; use it as an anchor to ground your base in finance, but never depend on it entirely. Do this and surely, you’ll be on your way to being financially smart.