5 Books That Launched My Income To Over $20,000/month
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- Опубликовано: 9 июл 2024
- Today we look at the 5 best books to help you get better with money and start investing. These books have been life changing for me, and will definitely help you make more money and set up your long term wealth.
★ ★ BOOKS ★ ★
Rich Dad Poor Dad: amzn.to/2TQnk6j
The Barefoot Investor: amzn.to/3cY0S2A
One Up On Wall Street: amzn.to/36snhm1
The Dhando Investor: amzn.to/2AScoy8
Rule #1: amzn.to/2WWZOq3
★ ★ LEARN TO INVEST ★ ★
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#investing #personalfinance #books
Thanks for watching guys! What are your favourite personal finance/investing books? LMK!
Millionaire next door is one of my favourite books! Great video B!
Hey, Brandon great video. Some of those I have not read so thank you. I just started rich dad poor dad based on your recommendation and loving it so far. Question though. Just sold my afterpay shares which I bought through my super and made $20k off of them. And I applied to have $10k drawn out of my super and will do the same next financial year. By selling them I have not lost any money I would have otherwise had I not invested. I am thinking of using this opportunity to invest in my first portfolio outside of super in an ETF portfolio consisting of VAS, VEU, and VTS based on Scott pape recommendations, for a high dividend portfolio. However, the current share price of those are very high and I wonder if I should wait or do something different. I want to invest in shares as a passive income avenue but also want bang for my buck. What do you think? What are your thoughts and what would you do with $20k that you had to invest as a first-time investor. I'm 30 years old with no house or children and renting
The Beginners Guide to Wealth by Noel Whittaker is a great starting point for teenagers. Covers success principles and basic money rules. Highly recommended. Great channel Brandon 👍🏻
The Intelligent Investor by Graham gives a great perspective of the good mindset to have as an investor in the stock market.
It's a book written quite some time ago but still very relevant to today. & Rich Dad, Poor Dad was an amazing read as you mentioned it.
One up
Danger no.1= never mistake a bull market for your own genius.
Can you explain your point a bit deeper?
@@Mersal-uj5nh it's easy to think he made money in equities because of his skill rather than the general market moving up in a bull market. You can pick stocks that otherwise would go down such as Tesla that went up in a bubble.
@@adriansaw8329 this is a load of bull this
Nothing is ever as good or as bad as it seems.
@@Mersal-uj5nh he means that anyone can make money in this market. It’s very easy to make triple digit returns this year I made 350% this year. It wasn’t had I’m not a genius.
If you ever listen to anything while reading comments let it be this- go read the book 25 Money Secrets From Donald Trump, then come back and thank me
Rich Dad straight cracked my mind open....only took me 34 years to find it
At least you found it!
Better late than never!
I'm in the same boat. perfect start to financial freedom
Took me 38
Took me 20
The richest man in Babylon should be first
I really had difficult to understand the book, as I’m still improving my English
Great book!
One of my favorite book
An all time classic! Giving the basics rules of money
You have not started if you hadn't read it!
I can definitely attest to Rich Dad, Poor Dad being a great starting point. Since childhood, I have struggled with reading and when I was around 16 years old I finished my first book outside of the classroom, it was Robert Kiyosaki’s ‘Rich Dad, Poor Dad’. This book not only opened my eyes to the Rich Dad Mindset but it also unlock my love for reading! And although I am still not a quick reader, I have learnt so much more than I thought possible about investing and personal finance from books! Thanks for the recommendations Brandon 🙏🏼
It's such a good book!
Rich dad poor dad first self-help/Financial management book I read. Highly recommend for everyone!💯🙏🏽
1:53 Rich Dad Poor Dad
3:46 The Barefoot Investor
5:25 Last 3 books are about stock market investing
5:33 One up on Wall Street
8:14 The Dhandho Investor
11:08 Rule #1
Thx
ruclips.net/video/k1uB2GjmKEI/видео.html
Rule #1 was my first stock investing book and I have never found a more comprehensive guide to analyzing stocks.
I love Scott Pape’s eNewsletter too. Such a good communicator!
Can you do a video of the breakdown of your positions and holdings on the ASX and what media streams you use to compare them. Obviously you don’t need to include what you paid or your position size if that doesn’t suit you but I’d find that awesome content. What I own and why I own it as a breakdown! Been a follower for ages.
Brendon Coetzee i would be keen to see this too!
Yes, Rich Dad and Poor Dad is changing my life too!
My favourite author has to be Jim Rogers. I really liked his books. They are not technical but you learn a lot from them. Street smarts is a really good read.
I’m reading One Up On Wall street currently…I’ve read The Richest Man in Babylon and Think & Grow Rich too.
Great video Brandon! Rich dad was the first book i ever read! Ive re read it probably 5 times over the years. You introduced me to Rule 1 a while ago and am very greatful mate!
Many thanks Brandon! Greatly appreciate your sincere efforts to help others become more professional in understanding investing principles and personal finance. I became your subscriber some weeks ago and enjoy your content a lot so far. Thanks once again!
Great list! I’ve read 3/5 of these books and will definitely read the other two. I would also add Invested by Danielle and Phil Town which makes it easy to get started with investing 😊
Awesome book!
Richest man in Babylon made me learn the importance of money growth and I started investing which was 2 years ago into Stocks, ETFs, Gold, Silver and other financial commodities. I work side by side with a great F.A Eddy Bruke which happens to be one of my most valuable decisions so far raked in over $200 +bonuses in profits for last year and have already seen a 13% rise in my portfolio starting a new year thanks to digital currencies I diversify in
How so ma’am? I just started reading “Rich dad Poor dad” by Robert kiyosaki and learning and understanding how to come out of the rat race. Can you show how you invest or the platform
The first step of profiting in the market is understanding it neither is a game of luck or gamble. Expertism and professionalism is a major key, appealing to work with an expert round the clock for investment.
(Eddybruke info)
Or connecteddybruke@ gma il
The power of compounding money and even habits are much more powerful than people think. All of your small wins becomes big wins over time, keep your foot on the gas pedal and keep investing.
The first personal finance book I read was The Millionaire Next Door and it really helped me understand how to properly manage my money. Rule #1 is definitely my favorite for investing though.
Thank you for sharing! Great video! I've read Rich dad, Poor dad at least twice before and some of Robert Kiyosaki's other books as well (Like Cashflow Quadrants). I'm reading "The Intelligent Investor" right now, and I'm glad to hear that someone else also struggled to get through it. I've written down you recommendations and I am looking forward to reading your top picks.
The Barefoot Investor has really changed my life. It’s really changed my attitude towards personal finance and the road to financial freedom. This has ultimately led me to your channel, which I thoroughly enjoy
Yay ! Can’t wait to read all these. Thank youu :)
Loved your content. Definitely going to read them. Keep going!!!
One Up on Wall Street is a such an easy read 📖 for any new investors looking to invest in the stock market 👍
Congrats on your success with this channel. No over the top nonsense, just straight forward advice. I'll be reading all these books. Thank-you.
So many people forget how helpful and empowering books can be. Great place to start. Great video idea Brandon!
Cheers Dan!
Nice list! I personally got started with RDPD and got into shares but went into a more passive investing direction. My personal list would be:
1. A Random Walk Down Wall Street (Burton Malkiel)
2. The Four Pillars of Investing (William J Bernstein)
3. The Little Book of Common Sense Investing (St Jack)
4. The Intelligent Investor (Benjamin Graham)
5. Thinking Fast and Slow (Daniel Kahneman)
I'm so glad you said The Intelligent Investor is hard to get through. Thought I was just stupid. It was the first book I started reading on personal finance and I still haven't finished it - I've read numerous books on finance during this time.
Me too
you need to be familiar with basic accounting and investing definitions to read it otherwise it can be tough but otherwise its probably the most important book on investing out there
Same, didn't finish that book. It's vastly outdated, but the principles are good, but they could be summarized in a few pages.
Intelligent Investor was the first book I read and it's been so helpful. Also reading Financial Intelligence to understand corporate finance a bit better when looking at balance sheets and all the other stuff.
KelechIwuaba what author? thank you
@@Speechsupply Google it.
Benjamin Graham
@@chiaraippoliti I’ve found 5 different books Called Financial Intelligence. So googling didn’t provide me with a clear answer, hence my question. Do you know what author?
Man its very hard to understand
I have been reading the same pages again and again
And still not getting through
Good stuff mate. Congratulations on your success and a great channel. 👏🏼
Awesome list I could not agree more with you Brandon. If I'd have to pick just one it'd be Phil Town's Rule #1. One of the greatest teachers of modern value investing. For the past 5 years he's been making a podcast with his daughter Danielle called Invested. Highly entertaining and educational.
If you haven't already, you should definitely add Invest Like a Guru by Charlie Tian and The Motley Fool Investment Guide by David & Tom Gardner on your must read list.
My Phil Town book arrived this week. Great to see a passionate review. Cheers fella
This is amazing! Thank you, we love reading @ get to know HR. Great video 👍🏼
subbed to your channel way back.. so glad 86K others have now jumped in and that youre earning that much now! crazy good! thanks for your channel!
Thanks Brandon always ever helpful of you.
Heck yeah man great list and breakdown I'm excited for this blessings to you and everyones journey let's be smart investors
Great video brando! Nearly at that 100k crazy. Keep it up man
Great list of books, I've only actually read the middle one (One Up On Wall Street) so I'll check out some of the others (particularly interested in the one by Monish Pabrai).
Also, wow your channel's almost at the 100K mark! That's awesome, will be looking forward to seeing your play button unboxing video :)
Congrats to you too. Love your channel. Future CFA here.
@@pablomorales748 that's a nice Pedigree
@@kirilmihaylov1934 Puerto Rico as provinces of Spain
Love your channel as well the plain bagel
Just ordered it. Seems very up my alley
My 1st personal finance book was Rich day Poor Dad and now I am halfway through my 2nd book, Invested by Phil town. Taking notes at 21 so I can be millionaire by 30. 💪 thank you lockdown for this opportunity.
And multi-billionaire at 80 ;) lol
Thanks for your videos man! Im 25 aswell (Canberra resident represent ;) ) ive been riding the waves in the stock market in relation to how australia’s restrictions are with covid19. so far im making reallyyyyy good profits.
My goal is to get out of my position before the second wave of covid19 infections(if there happens to be one).
ill defiantly try buy and read these books as i want to invest seriously for the long term.
Ive been subscribe to you for ages. keep up the great content!
Fantastic results Brandon. Couldn't agree more, I read daily and the results have been clear. Will hit 250k by 21.
Awesome bro! Killing it!
I wish you a lot of luck “literally luck”, because you are counting chickens you don’t have and might not even get
How has this gone
@@mitchellbaker2872 Hit 500k by 21!
@@AussieMoneyMan oh dayumm boiiii , we are so young tho lad, how even. You pulling 60 hour weeks going all in on BC?
Nice one Brandon! I used to hate reading but definitely recommend it. The Richest Man in Babylon by George S Clason is a great personal finance book to read, that would be my number 1 recommendation. 😀
Cheers Geoff. That one is next on my list. I just picked it up the other day!
@@NewMoneyRUclips I read Rich Dad first in my teens like many people. I would say that Babylon is a perfect entry level book, It will be a tough decision about which one I have my child read first when ready. I do know that those will be the first two books.
It is a must read! It has the greatest impact on me. Read it first in 2017 and in 2020 I had become a millionaire.
Thank you George Classon
@@ifeanyibarth5137 only for 3 years....
I agree ,the number one should be The Richest Man in Babylon followed by Rich Dad Poor Dad
thanks for recommendation Brandon!
Great video... Off to check out your recommendations!
thank you. i will read them all including rich dad which i read years ago. dude don't change your style of presenting. i prefer your no nonsense "aussie" style rather than the melodramatic style of the yanks.
Read Rule#1 last year. The secrets in it blew me away!
For any American’s watching, you could supplement ‘The Barefoot Investor’ with ‘The Total Money Makeover’ by Dave Ramsey. I am Australian but both books follow a very similar structure 💪🏽
I've heard good things about I Will Teach You to Be Rich
by Ramit Sethi
I’ve read both too!! The barefoot investor just isn’t as shouty 🤣
Nathan Dean I saw someone else recommended this book, I might have to check it out!
Family Finance 😂😂 you’ve got that right!! Do you follow Dave’s RUclips channel?
not sure who copied who, i follow dave ramsey
I read “the automatic millionaire” when I was younger and it really gets you in the right mindset. Beating the Street is another good one by Peter Lynch
Thanks for the sugestions definately a few im going to tuck into. Currently reading Andy tanners, Stock market cash flow and can i say its awsome.
Amen on "intelligent investor". Ive made it 2/3 of the way through and hit the wall. Already finished "100 baggers" and "the little book of behavorial investing" in the interim and have enjoyed both much more haha.
One up on wall st is my fave so far. Business adventures was interesting also
Great advice, thanks for sharing.
Thanks for this. Great advice as always
A Random Walk Down Wall Street. Great read with a passive investing slant, but also tackles personal finance and portfolio management based upon age.
The Intelligent Investor by Benjamin Graham I hear is the book who’s writer Warren Buffet drew investing information from
Benjamin Graham is Warren Buffet’s mentor
I am currently reading it and must say it changed my view towards stock market
@@mixingitup7653 same. i used to say ignorant things like "oh man i know as soon as i start investing the market is gonna crash"
now? i'm licking my lips hoping it crashes
i've only just finally finished chapter 8. buffet says you could get rich just reading chapter 8 and 20 alone, probably a little tongue in cheek.
its a tough read however like brandon says. but it will be very rewarding.
just like Christianity, the stock market has received a bad reputation based on the actions of humans
Nice, thanks! Question, which speed you put your camera shutter on? You should really set it to 180 degrees...
Love your channel, a pleasure to watch
My top 5 would be :
1.The intelligente investor
2. Security analysis
3. The most importante thing (howard marks)
4.Margin of safety (Seth Klarman)
5.Richest man in babylon (George Clason)
Great reads. I read them when I was first starting out. The first 2 are very technical and I’d recommend them way later down the line when you have a good understanding of stock market vocabulary.
The video was great! Thanks alot🤟🏽
Thank you for sharing this.
think and grow rich was really good too one of those mindset books
Gunna check out book #4. New one for me! Thanks Brandon
I definitely agree that Peter Lynch's "One Up on Wall Street" is a great and easy book to read. It was my 2nd book on stock market investing after The Intelligent Investor. Looking back I think I should have read One Up on Wall Street before The Intelligent Investor just because of how relatable and easy Lynch makes stock market investing seem.
I approve of your list. Partly because I’ve read all of them. But also because the order in which you present the books is accurate.
I'd rather establish and impact people by creating value to their lives which is the only true and honest path to wealth and abundance
I agree Brandon - Rule 1 is by far the best investment book out there!
Awesome list!!
Great video thanks for sharing. Good to see you succeed
Great selection of books, going to check out One Up and Dhando. I also can't agree more with Intelligent Investor haha.
Rich dad and poor dad.
Was a life changing for me
Thanks for the suggestion
Thanks mate love these videos
richest man in babylon really great book if you’re new i learnt alot
Just bought Rich Dad Poor Dad as an audiobook on Audible. Will be learning whilst I'm driving, as I'm just about to start investing. Thanks for your recommendations.
Spot on analysis, especially agree with your take on Barefoot Investor. As a Canadian, the examples were different but the author's explanations were spot on.
I wish Rule #1 was around years ago. When I first read it, I literally got excited. Its well written, and extremely easy to follow. The key points are pure gold. Another book that may interest you is Valu-Able by Roger Montgomery. Its not as easy to locate as the others, but worth a read if you do.
I've been eyeing off value.able too
How did you apply the knowledge in these books to go from $2k a month to over $20k a month? Showing your step by step process would be inspiring and educational.
He gets revenue per month from RUclips, his courses, affiliate links.
He hardly gets any monthly revenue from investing. So it can be a bit deceiving initially if you think he gets that income per month from trading and dividends.
Like most people in this space they get rich by teaching other people how to get rich.
The good thing about him he is open about this. He has a video regarding how he gets his monthly revenue. Also his information great, and clear and easy for the beginner investor
I just ordered the intelligent invest. I’m a really bad reader and I didn’t go to college or anything but I’m really interested in reading it
Before watching this video I had read Peter Lynch's book, started to apply it, but I'm glad I have good options for more info in the next two books.
I just purchased all 5 books. Excited to dig in.
I am currently half way through intelligent investor and also have the more in Depth security analysis.
Love the channel, thank you for putting this together and the talk of each book.
Wouldn’t even be a waste of time or money because knowledge is power! 📚🤗
Great video 🎉
I like your professionalism Bro
Go ahead and make us fresh as possible.
May God bless you
Excellent content you are doing something better 👏👏👍
Really like your effort here thanks...👍
My favourite book is Barefoot investor. I love the principles mentioned in this book. Looking forward to reading the others. Great reviews.
I waiting for this video from you mate. legend (Y)
Rich dad poor dad was a good read! Thanks for sharing
Im in Colombia, Thank you. Great video
Thanks man for the video
1. Rich Dad Poor Dad
- Robert T. Kiyosaki. General rich person mindset, get on the right path.
2. Barefoot Investor
- Scott Pape. Australian (not the best internationally), get finances in check.
3. One up on Wall Street
- Peter Lynch. Makes stock market investing understandable, "you have to know what you own".
4. The Dandho Investor
- Mohnish Pabrai. Value investing, finding good investments & skewing the odds in your favor, easy to get through (unlike 'The Intelligent Investor' by Benjamin Graham).
5. Rule #1 - Phil Town. "Best stock market book", gets into the nitty-gritty of a company's financial data.
I’m 15 and I want to get to know about investing and the necessary steps I should take. Thanks for the books
All the books are really fantastic. I have read Rich Dad Poor Dad, Dhandho and Barefoot Investor, I haven't read Rule no 1 yet and One up on wall street is in progress.
Congratulations on getting to 20K/month mate!
At 26 years old I started reading about one month ago and finished, Rich dad Poor dad. I see now how late I am to the ivesting and reading game in my life. Im currently reading never split the difference. I am really awkward in social situations so I want to get better at that too. I will definetly read lots of Finance/Investing and Psychology books. Ive made a list of about 12 books I want to read this year. thanks for the video.
I've ordered One up and Rule #1. Did my own independent research as well and these seem to be great recommendations. There were a few other good books but they were too biased towards funds as opposed to stocks. I've been dabbling with stocks for a couple of years now. I think it's time I up my game and knowledge!
Peter Lynch did not “turn” $18m to $14b, and $18m compounded annually for 13yrs does not turn into 14b- more like 500m.
he added to his aum through add on investments during his tenure.
I was just thinking the same, and was really hoping someone else had mentioned it in the comments 😂
still amazing?
These books really can change our lived. Great suggestions!
Absolutely!
I would recommend the Psychology of Money by Morgan Housel. Fast read but packed with a lot of good information.
I’ve read Rich Dad Poor Dad and the Barefoot Investor and agree that they are great books! Thanks for the additional recommendations. I’ve given the Intelligent Investor a go in the past and just couldn’t get into it.
Amazing video, thanks!
Yeah I totally agree with the pick and I also really struggled with the intelligent Investor
The first book that started my investing journey was Ramit Sethi’s I Will Teach You To Be Rich. Then I realise US and Australian financial landscapes are different so I picked up Noel Whittaker’s Making Money Made Easy.
FANtasy222 I love noel’s book and I actually have Ramit’s book on hold at the library 😱
@@FamilyFinance @FANtasy222 - you mean "Making Money Made Simple" by Noel Whittaker [published in November 2019 ; ISBN-13: 9780648087748], right? Making Money Made Easy no such book exists by title, yet 😀