Reading List
Here is a list of must reads for anyone who is serious about setting up passive income. It is essential to have a background in investing. Also, since new investments come out all the time and the game is always changing, you should read at least one new book a year. That is a very, very low minimum. In the investing and money world, knowledge is key.
Rich Dad, Poor Dad by Robert Kiyosaki
This is a great book that talks about the way people think of money. This book compares the way rich people spend their money to the way the poor and middle class do. Even though this book doesn't have specific investment advice, it is a great read and helps you understand the need for passive income.
4 Hour Work Week by Timothy Ferriss
This is another great book. Timothy Ferriss walks your through everything you need to get passive income. The book provides a step by step guide for accomplishing any task along the way. He tells you exactly how to set up your own stress free income generator.
The Motley Fool Investment Guide by Tom Gardner
This book is a great reference and starting point for investing in stocks. This is a must read for anyone who wants to get into or brush up on equity investing.
The Motley Fool Investment Guide for Teens by David & Tom Gardner
This is a very, very good book for someone who is very, very new to investing. This is actually this first book I read on investing, and I wasn't a teen at the time. I chose it because, since I was new, I knew I would need something simple. This book was perfect for that. So, like I said, it is perfect for people who are new to investing and want to grasp the concepts.
One Up On Wall Street by Peter Lynch
This is another book that focuses on stocks. Peter Lynch gives you "tools" to pick winning stocks and beat mutual fund managers. This is a good book to read. Since Lynch is one of the very few fund managers to actually beat the market over a considerable amount of time, it is good to learn how he does it. This is also a very easy read.
The 100 Best Stocks You Can Buy 2009 by John Slatter
This was a cool book. There are 12 chapters that explain basic aspects of the stock market and after that there is a 310 pg directory of the authors favorites stocks. He includes arguments for and against each one. I mostly enjoyed the first chapters, since they were easy to read and enjoyable. Slatter publishes a new book every year.
The Intelligent Investor by Benjamin Graham
This book is an absolute must for anyone who is considering buying stock. It is a great book to own and read every few years. Very in depth explanation of stocks, bonds, and portfolio management. This may be kind of an advanced read so be prepared.
A Random Walk Down Wall Street by Burton G. Malkiel
An interesting read. Written from the perspective from someone deep in academia Malkiel is a very strong supporter of the Efficient Market Theorem. He also provides a very in depth analysis of portfolio management.
The Standard & Poor's Guide To Building Wealth With Dividend Stocks
This is a very useful book for people who want to learn more about dividend investing. This is a good resource for people who just want to remember the basics. They teach you fundamental stats to look for and what to watch out for. They also provide multiple strategies. There is a helpful list of stocks and funds that match the requirements for a good investment outlined in this book.
All About Dividend Investing by Don Schreiber Jr. and Gary E. Stroik
The 25% Cash Machine by Bryan Perry
The Single Best Investment: Creating Wealth With Dividend Growth by Lowell Miller
The Investor's Manifesto by Jonathan Clements
Another enjoyable read on portfolio management. Clements is also a strong supporter of the Efficient Market Theorem. If you are looking for a passive and stress free way to invest this book is perfect for you.
Landlording as a Second Income by Lawrence London
This is a good, short, simple book on renting out houses. It goes from buying all the way to selling with everything in between that a landlord will need to know. It is a good reference for anyone considering this.
An Empire of Wealth by John Steele Gordon
This book has nothing to do about getting rich or investing, but it is an amazing book. This is a complete economic history of the United States. The author brings us from colonization all the way to the internet boom. It is amazing to see how economics and the strive for individual incentives have shaped our country more precisely than anything else. It is also a good reference to read when times are tough. It is good to be reminded that these things have happened countless times before.
Rich Dad, Poor Dad by Robert Kiyosaki
This is a great book that talks about the way people think of money. This book compares the way rich people spend their money to the way the poor and middle class do. Even though this book doesn't have specific investment advice, it is a great read and helps you understand the need for passive income.
4 Hour Work Week by Timothy Ferriss
This is another great book. Timothy Ferriss walks your through everything you need to get passive income. The book provides a step by step guide for accomplishing any task along the way. He tells you exactly how to set up your own stress free income generator.
The Motley Fool Investment Guide by Tom Gardner
This book is a great reference and starting point for investing in stocks. This is a must read for anyone who wants to get into or brush up on equity investing.
The Motley Fool Investment Guide for Teens by David & Tom Gardner
This is a very, very good book for someone who is very, very new to investing. This is actually this first book I read on investing, and I wasn't a teen at the time. I chose it because, since I was new, I knew I would need something simple. This book was perfect for that. So, like I said, it is perfect for people who are new to investing and want to grasp the concepts.
One Up On Wall Street by Peter Lynch
This is another book that focuses on stocks. Peter Lynch gives you "tools" to pick winning stocks and beat mutual fund managers. This is a good book to read. Since Lynch is one of the very few fund managers to actually beat the market over a considerable amount of time, it is good to learn how he does it. This is also a very easy read.
The 100 Best Stocks You Can Buy 2009 by John Slatter
This was a cool book. There are 12 chapters that explain basic aspects of the stock market and after that there is a 310 pg directory of the authors favorites stocks. He includes arguments for and against each one. I mostly enjoyed the first chapters, since they were easy to read and enjoyable. Slatter publishes a new book every year.
The Intelligent Investor by Benjamin Graham
This book is an absolute must for anyone who is considering buying stock. It is a great book to own and read every few years. Very in depth explanation of stocks, bonds, and portfolio management. This may be kind of an advanced read so be prepared.
A Random Walk Down Wall Street by Burton G. Malkiel
An interesting read. Written from the perspective from someone deep in academia Malkiel is a very strong supporter of the Efficient Market Theorem. He also provides a very in depth analysis of portfolio management.
The Standard & Poor's Guide To Building Wealth With Dividend Stocks
This is a very useful book for people who want to learn more about dividend investing. This is a good resource for people who just want to remember the basics. They teach you fundamental stats to look for and what to watch out for. They also provide multiple strategies. There is a helpful list of stocks and funds that match the requirements for a good investment outlined in this book.
All About Dividend Investing by Don Schreiber Jr. and Gary E. Stroik
The 25% Cash Machine by Bryan Perry
The Single Best Investment: Creating Wealth With Dividend Growth by Lowell Miller
The Investor's Manifesto by Jonathan Clements
Another enjoyable read on portfolio management. Clements is also a strong supporter of the Efficient Market Theorem. If you are looking for a passive and stress free way to invest this book is perfect for you.
Landlording as a Second Income by Lawrence London
This is a good, short, simple book on renting out houses. It goes from buying all the way to selling with everything in between that a landlord will need to know. It is a good reference for anyone considering this.
An Empire of Wealth by John Steele Gordon
This book has nothing to do about getting rich or investing, but it is an amazing book. This is a complete economic history of the United States. The author brings us from colonization all the way to the internet boom. It is amazing to see how economics and the strive for individual incentives have shaped our country more precisely than anything else. It is also a good reference to read when times are tough. It is good to be reminded that these things have happened countless times before.
