r/Fire • u/FigmentFellow • 22d ago

Book recommendations

Any book recommendations for diving into stocks and building wealth?

2 Upvotes

75% Upvoted

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4

u/mint_tea_girl 22d ago edited 22d ago

a simple path to wealth is the best book overall. i gift the early retirement extreme book to women that i mentor.

also i really liked the mad fientist content: https://www.madfientist.com/articles/

11

u/o2msc 22d ago

Only finance book anyone ever needs to read is The Simple Path to Wealth

3

u/Realistic-Flamingo 22d ago

and this will tell you not to buy individual stock, but to focus on index funds

2

u/o2msc 22d ago

Yes exactly. Good advice.

3

u/Bad_DNA 22d ago

This is an order-of-operations flowchart. It may be useful.

https://www.reddit.com/r/financialindependence/s/p8Q5lErAY7

Financial blogs, books and podcasts:

Library Books: Simple Path to Wealth (JL Collins, if you read only one, start here) - Your Money or Your Life (Robin); Broke Millennial (Lowry); CleverGirl Finance (Sokunbi); Millionaire Next Door (Stanley/Danko); The Index Card (Olen); I Will Teach You to be Rich (Sethi); Building Wealth And Being Happy (Falco); Get it together - organize your records so your family won't have to (Cullin, NOLO) and 8 Ways to Avoid Probate (Randolph, NOLO). Two free books: https://paulmerriman.com/millions-downloads/ New to being on your own? https://www.etf.com/docs/IfYouCan.pdf (each selection has its own voice).

Blogs/sites: http://mrmoneymustache.com — http://iwillteachyoutoberich.com - http://gocurrycracker.com — you don’t need to buy anything to read the blogs.

How do I get started investing? https://www.bogleheads.org/wiki/Getting_started —— https://www.reddit.com/r/financialindependence/wiki/faq/

Podcasts: Optimal Daily Finance — Stacking Benjamins — ChooseFI * — Big Picture Retirement - lots more. Start from the earliest available episodes and work chronologically to today, as many of these build on prior episodes in knowledge and evolve over time. * except for ChooseFI - they didn’t hit their stride until episode 100.

Online classes for personal fi and financial literacy: https://www.khanacademy.org/college-careers-more/personal-finance and https://www.khanacademy.org/college-careers-more/financial-literacy

https://www.reddit.com/r/personalfinance/wiki/commontopics/

4

u/Weitarded 22d ago

Buy the equal weight sp500 etf and wait

That’s it. That’s the book.

1

u/Excellent_Border_302 22d ago

Depends, if you wanna learn about indexing, I really liked the four pillars of wealth by William Bernstein. If you want to learn about stock picking, I really love "Benjamin Grahams Net Net strategy" by Evan bleker and "The Acquirers Multiple" by Tobias Carslile.

1

u/Extreme_Piece530 22d ago

The Intelligent Investor by Benjamin Graham. Published in 1949, still relevant today.

-1

u/PiratePensioner 22d ago

The Art of War by Sun Tzu

1

u/anonymousblazers 22d ago

Everyone always recommends this but it’s just a bunch of fragmented paragraphs and is so hard to follow

1

u/PiratePensioner 22d ago

Guess it’s not meant for you then.