Whether you prefer reading poolside or with your toes in the sand, the summer sun provides the perfect light to catch up on some books. This summer, why not try something financial. Reading books about finances is a great way to grow your financial knowledge base and increase your financial competence. Luckily for you, we have a great list of books for your to choose from to add to your summer reading list.
The Millionaire Next Door: The Surprising secrets of America's Wealthy (1996)
This book by Thomas J. Stanley and William D. Danko is a compilation of research done on American millionaires and spending habits that promote the accumulation of wealth.
The Richest Man in Babylon (1926)
This novel by George S. Clason uses fictional parables set in ancient Babylon to provide financial advice. Even after almost 100 years, it is still regarded as a classic of personal financial advice.
Thinking Fast and Slow (2011)
Although Daniel Kahneman's book is not specifically about finances, it does discuss the psychology of human thinking processes and our rational and non-rational motivations associated with them that often affects our financial decisions.
Nudge: Improving Decisions about Health, Wealth, and Happiness (2008)
Richard H. Thaler and Cass R. Sunstein's book draws on psychology and behavioral economics to defend and discuss the architecture of choice and it's effect on people's behavior.
This Time is Different: Eight Centuries of Financial Folly (2009)
Written by Carmen Reinhart and Kenneth Rogoff, this book entails a comprehensive look at the financial crises that have affected countries throughout the ages.
The Ascent of Money: A Financial History of the World (2008)
Niall Ferguson's book deals with the rise of money and tracks its progression, development, and effect on society, encapsulating a financial system's importance and role in historical events.
The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History
This book by Gregory Zuckerman investigates the reasons and consequences of the subprime mortgage crisis (2008 financial Crisis) and the role that the hedge fund manager John Paulson played in those events.