The Best Audiobooks For New Investors
If you’re new to the world of investing and don’t know where to start, I’ve got you covered.
At least once a week, someone will send me a message asking for the best stock market investing books.
I always suggest that people educate themselves before they start throwing their money at the stock market. Investing is about more than just opening an account and picking a few companies.
You need to understand what you’re doing or you could lose a lot of money.
What You Need To Understand To Be A Good DIY Investor
I’ve broken down all the best books money book into three categories:
The Basics of Personal Finance & Financial Independence
Understanding The Stock Market
Your Wealth Mindset
I will come back and update this list as I read more money books in the future.
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The links below are Amazon Associate links. Buying any of these books through these links here will earn a modest commission and support the blog at no additional cost to you. Thanks in advance!
Anyway… Here’s what you came for!
Personal Finance & Financial Independence
The Wealthy Barber Returns by David Chilton 🍁(Top Book For Canadian Investors)
Summary - Everyday money skills taught with a dose of humour.Millionaire Teacher: The 9 Rules of Wealth You Should Have Learned In School by Andrew Hallam 🍁(Top Book For Canadian Investors)
Summary - How to build wealth on a modest salary by avoiding common pitfalls that cripple most financial situations.Quit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required by Kristy Shen & Bryce Leung 🍁(Top Book For Canadian Investors)
Summary - The story of an immigrant millennial who decided she wasn’t going to die working at a desk.The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich (Canadian Edition) by David Bach 🍁(Top Book For Canadian Investors)
Summary - Practical automation strategies to help reduce the need for discipline in long-term investing.The Simple Path To Wealth: Your Roadmap To Financial Independence and a Rich, Free Life by J.L. Collins
Summary - An argument for why investors don’t need more than two (at most three) securities in their portfolio.I Will Teach You to Be Rich, Second Edition: No Guilt. No Excuses. No BS. Just a 6-Week Program That Works by Ramit Sethi
Summary - Learn how to spend lavishly on the things you love by becoming ruthlessly strict about the things that don’t matter in life.
Understanding The Stock Market On A Deeper Level
One Up On Wall Street by Peter Lynch
Summary - This is by far the best in-depth resource you will find on the stock market. Short and easy to understand. At only 131 minutes long, you can crush this in one day. Highly recommended for anyone just starting out who wants to learn more about picking stocks.The Dhandho Investor: The Low-Risk Value Method to High Returns by Mohnish Pabrai
Summary - Learn maximize your potential wins while minimizing your chances of losing it all by buying under-valued businesses.The Little Blue Book That Still Beats The Market by Joel Greenblatt
Summary - Short and entertaining explanation of the “magic formula” that picks stocks based on their earnings yield and return on invested capital.A Random Walk Down Wall Street: The Time-Tested Strategy For Successful Investing by Burton G Malkiel
Summary - A lengthly, exhaustive analysis of why it is a waste of time for the majority of people to try and pick individual stocks.The Intelligent Investor: The Definitive Book On Value Investing by Benjamin Graham
Summary - Though somewhat dated, this is the original textbook on value investing.
How To Build Your Wealth Mindset
The Millionaire Next Door: The Surprising Secrets of America’s Wealthy by Thomas J. Stanley
Summary - Research that debunks many of the myths we hold true about real-life millionaire families.Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence by Vicki Robin and Joe Dominguez
Summary - The book many people credit as the original spark in the FIRE (financial independence retire early) movement.
The Fastest Way To Read More Books
If you’re not sure what a stock really is, or you couldn’t explain how bonds or Exchange Traded Funds work, then you are going to want to start with a few of these books.
To be fair, I use Audible to listen to 60% of my books.
Audiobooks are available on Amazon and with my Audible subscription, I get one new book every month, plus 30% off of any additional titles I want to download.
I also, LOVE using my Kindle Paperwhite to read because its small and perfect to travel with, backlit and easy to read in the sun or in the dark, and it has wifi which allows me to download books on it directly from Amazon.
What Is Your Favourite Money Book?
Leave a comment if there is a book that you think should have made the list. I’m be interested to hear about your top picks. I’m sure I’ve missed a couple gems.
Plus, I’m always looking for something new to read.