Welcome to Burnalong Book Club! This month we are giving you recommendations from the Burnalong team on some of our favorite books to help you learn financial literacy.
Financial literacy is so important because it equips us with the knowledge and skills to handle our money effectively. Financial stress is one of the biggest worries that people can have, and it can sometimes be daunting to try and learn about personal finance. These books helped us build our knowledge base so we can make informed decisions around our finances.
We asked members of the Burnalong team what books they enjoyed reading, and why they enjoyed them so much. So here five tried & tested books to help you on your path to becoming a financial guru!
In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.
Why We Love It
It is a great book explaining how the most successful investors think about their personal finance, rather than specific tips. It is a fantastic read on the psychology of investing!
In Total Money Makeover, you will learn to design a sure fire plan for paying off all debt, recognize the 10 most dangerous money myths, and secure a nest egg for emergencies and retirement.
Why We Love It
The Total Money Maker teaches the simple steps anyone can take to have control over their finances. It is a great combination of steps you can implement immediately and the psychology behind them that will lead to continued financial control and security.
In The Little Book, Joel Greenblatt, sets out the basic principles for successful stock market investing. He provides a “magic formula” that is easy to use and makes buying good companies at bargain prices automatic.
Why We Love It
It's a phenomenal read about investing - Joel Greenblatt explains how to think about the market and investing with his kids. Greenblatt uses plain language and humor throughout the book to make typically “challenging” topics easy to disgust.
One Up On Wall Street is an easy-to-follow read using common terminology. Peter Lynch explains how average investors can beat the pros by using what they know. According to him, investment opportunities are everywhere
Why We Love It
Peter Lynch makes it clear that you don’t have to be a genius or have unique strengths to understand and excel at investing.
You can now read Warren Buffett’s Shareholder Letters (also known as the investing bible) for free here.
We hope these book recommendations help you get started on learning more about finance! And remember, financial wellness is just one part of your wellness journey – Burnalong is here to help support you in all of your wellness interests & needs. Visit www.Burnalong.com to learn more about how we can grow together!
