Unless you’re new here, you know I’m a huge book nerd and love reading in my free time.
Last year, I knew nothing about investing until I picked up my first investing book, and now I max out my retirement accounts and have a retirement plan.
Here are the books that helped me on my investing journey at 26 years old. If you don’t know anything about investing, no sweat. We all start somewhere. Get started today.
These books can be checked out at your local library, Overdrive/Libby app (your local library has ebooks, too), or can be purchased at almost any bookstore. I personally recommend reading investing books twice. That way you can really soak all the information in.
I also highly recommend checking out the course: How To Build Wealth by Investing In Index Funds. This course is for beginner investors who want to learn how to build wealth by investing. This course makes investing so incredibly easy to understand. You learn how to do everything step-by-step including: how to open an account, how much to invest, and how to choose an index fund. I bought this course with my own money and 100% recommend it to any beginner investor.
Before we get started, make sure to sign up for my free resource library and get tons of free printables to help change your life.
1. Broke Millennial Takes On Investing
If you’re completely new to investing, Broke Millennial Takes On Investing is the book to read. That’s because it has a light and refreshing take on investing that will appeal to younger readers.
If you think investing is gambling your money away, this book will make you think otherwise. You’ll learn how to invest in a way fitting for you and will help you create a great retirement.
This book especially appeals to millennials because it goes over things like 1) Investing while paying down student loans 2) How to invest in a socially responsible way 3) If you should use robo-advisors/apps and 4) Where you can look online for investment advice.
You’ll finish this book a lot more confident with investing than you were when you first started reading it.
If you’re new to investing, I recommend checking out Betterment, a robo-advisor with low fees that helps you start saving for retirement. Betterment is best for hands-off advisors who may not have a lot of money to start out with.
2. The Bogleheads Guide to Investing
This is a great book that targets all age groups and is a lot of fun to read. You learn common sense investing advice that is easy to understand. You also learn about more technical things like backdoor Roth IRAs and ETFs.
After reading The Boglehead’s Guide to Investing, you’ll learn how to choose a financial lifestyle that best suits you, how to diversify your portfolio (very important!), why investing early and regularly is key, and how to keep costs and taxes low.
3. The Simple Path To Wealth
The Simple Path To Wealth is a must-read on your investing journey. You learn a simple approach to investing from someone who has been investing for decades in and out of stock market crashes.
You’ll also learn why you must avoid debt (and what to do if you do have it). You’ll discover where traditional investing advice goes wrong and what will actually work for your life.
And most importantly, you’ll learn what a stock market is and how to invest in a bull (rising) market or bear (declining) market.
I really enjoyed this book. It’s a fairly quick read that is fun and light-hearted.
4. The Bogleheads’ Guide to Retirement
Are you totally confused about retirement and how to start planning for it? The Bogleheads’ Guide to Retirement is for you.
You’ll learn 1) Different types of retirement plans 2) How to manage and fund your retirement accounts 3) Efficient withdrawal strategies so you can maintain your ideal retirement lifestyle and 4) Essential estate planning and gifting issues.
This is a fairly straightforward read that will teach you most of what you need to know about retirement in one book.
5. The Little Book of Common Sense Investing
In The Little Book of Common Sense Investing, you’ll learn the simplest and most effective investment strategy for creating wealth in your life in the long-term. The book recommends using the power of low-cost index funds to save for retirement. Buy and hold at a low cost – that’s the main takeaway from this read.
You’ll also learn how to build a diversified, low-fee portfolio. This is important because diversification makes investing safer for you and low-fees mean you’re making more money in the end.
6. I Will Teach You To Be Rich
This is one of the most recent books I’ve read and it also happens to be the most polarizing. You’re either going to love or hate this book. I Will Teach You To Be Rich is one of the books that go straight to the point and doesn’t beat around the bush. If you’ve read this book, you know what I’m talking about.
You’ll learn how to 1) Crush your debt and loans ASAP 2) Why you shouldn’t be using your local bank to store most of your money 3) How to automate your finances to save & make more of it 4) Scripts for lowering credit card interest fees and getting out of late fees and most importantly 4) Create a set-it-and-forget-it investment plan that is super simple.
The key to understanding how to invest and save for retirement is to get started learning the basics today.
You don’t need to become an investing expert in order to responsibly save for retirement.
P.S. Outside of my 401(k) and IRA, I like to invest in individual stocks for fun. You can sign up for Robinhood here and get a free stock.
You can also try WeBull and get 2 free stocks here. WeBull is for the more advanced investor, and Robinhood is great for a beginner who wants to test out the investing waters. I don’t recommend individual stock picking to build a long-lasting retirement. I only do it for fun.
Don’t forget to sign up for the free resource library and get exclusive access to free printables & planners related to saving and making money, meal planning, and more!
Have you read any of these books? What’s your favorite investing book?
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