Last update: 15.12.2017 09:53
Soon it will be that time again, the moment when we sit comfortably in our armchair with a hot cup of tea, well-fed from all the festive meals, and finally have time to read.
We have put together a selection of our favorite financial books for this quiet time.
So, make yourself comfortable and get smart.
True to our credo “the knowledge is there.
The important thing is to extract the right information from the flood”, we present a classic for new investors, a smart book for those who want to do better and a visionary bestseller.
The classic: Bodo Schäfer, The path to financial freedom: The first million
The author is a financial coach and so the book is also about starting to save and invest.
According to Schäfer, the secret is not to earn a lot, but to be thrifty.
Saving means giving up something that many people are not prepared to do.
Specifically, Bodo Schäfer advises saving 10% and explains how to make more of it.
The book is ultimately about wealth accumulation, i.e. not just spending money or leaving it lying around, but making more of it.
He gives specific advice, which of course you then have to follow yourself, and shows different ways for employees or the self-employed.
Conclusion: A book for all those who (want to) take the topic of saving and investing seriously and who need the right attitude in addition to the basics.
The smart one: Gerd Kommer, Invest confidently with index funds and ETFs
As the title suggests, the book is about educating investors about the benefits of index and exchange traded funds (ETFs).
Indexing is something every stock market investor should consider beforehand to decide whether they really believe they can beat the market.
Gerd Kommer uncovers the weaknesses of actively managed funds and gets to the bottom of portfolio theory and efficient market theory.
He explains the relationship between risk and return and the importance of diversification and asset allocation.
Anyone who is already eager to start investing should definitely check out the “fatal rookie mistakes”.
Conclusion: In-depth reading for anyone who wants to be smarter on the stock market and understand the mechanisms better.
The visionary: Christopher Klein, Nine-to-five doesn’t have to be!
The young bestselling author promises “an infallible guide to financial freedom and secure wealth creation through passive income
He dispels the preconception that money is only for the rich and explains how anyone can make more of their money.
The main theme is getting out of the classic hamster wheel, as described in an earlier book: Day by Day on the Hamster Wheel: How the Money and Economic System Works and Turns Us into Hamsters
Christopher Klein basically reports from his own life.
The book is colored by the values of Generation Y, which he embodies.
He is not only concerned with financial freedom, but also with doing what you want.
But in a clever way, using the means of the financial market, not scorning it.
With our freedom calculator, you can easily calculate the years to financial independence.
Conclusion: Inspiration not only for those who want to get away from their regular working life but also for all those who want to build up assets and thus generate income.
Enjoy reading and happy holidays!
Your Smolio
