The Biggest Investment Mistake You Can Make

How you handle your finances determines whether you succeed in life. In the Total Money Makeover, radio talk show host and author Dave Ramsey lays out simple steps for freeing yourself from debt and setting yourself up for success: following a monthly budget, buying only what you can afford, eliminating consumer debt, saving for emergencies, investing for retirement and your kids’ college education, and paying off your mortgage. Intended for everyone—from high earners to people thousands of dollars in debt—Ramsey’s common-sense principles put you in control of your money and your life.

In The Simple Path to Wealth, blogger and financial expert JL Collins offers a simple road map to achieving financial independence and a secure retirement: Spend less than you make, avoid debt, save “F-You Money,” and invest in stock index funds. He demystifies stocks and bonds, as well as a plethora of investment plan options. In addition to explaining basic concepts such as asset allocation, Collins answers key questions such as how to live on your investments and how to avoid major tax hits.

Whether you’re in the wealth accumulation stage of life where you’re growing your investments, or in the wealth preservation stage where you’re living on them, Collins tells you how to use your money to achieve freedom and a more fulfilling life.

In The Simple Path to Wealth, blogger and financial expert JL Collins offers a simple road map to achieving financial independence and a secure retirement: Spend less than you make, avoid debt, save “F-You Money,” and invest in stock index funds. He demystifies stocks and bonds, as well as a plethora of investment plan options. In addition to explaining basic concepts such as asset allocation, Collins answers key questions such as how to live on your investments and how to avoid major tax hits.

Whether you’re in the wealth accumulation stage of life where you’re growing your investments, or in the wealth preservation stage where you’re living on them, Collins tells you how to use your money to achieve freedom and a more fulfilling life.

In Unscripted, MJ DeMarco—entrepreneur, investor, and best-selling author of The Millionaire Fastlane—insists that there’s only one way to achieve financial success: Adopt an entrepreneurial mindset.

He claims that most people don’t practice this mindset and can’t achieve financial success because they have unproductive beliefs about money that dissuade them from pursuing an entrepreneurial path. However, he argues that though these beliefs are pervasive, they’re surmountable: You can remove their influence, cultivate an entrepreneurial mindset, and achieve your financial goals.

This guide walks you through DeMarco’s advice for cultivating an entrepreneurial mindset and achieving financial success, covering:

• How beliefs about money fall into one of three financial mindsets—each influencing how you manage your finances and the amount of wealth you accumulate
• Eight unproductive beliefs about money that prevent you from achieving the wealth that you want
• Actionable ways to remove the influence of unproductive beliefs and adopt an entrepreneurial mindset

Additionally, we’ll supplement DeMarco’s ideas with psychological research and practical advice from financial advisors and successful entrepreneurs.

Jack Canfield struck gold as a co-author of the best-selling Chicken Soup for the Soul book series, but it took years for him to achieve success. In The Success Principles, he details 67 principles to help anyone achieve their goals and dreams, based on his study and interviews with hundreds of successful people. The basic formula for success is to identify what you want, know that you deserve to have it, and use the book’s principles to get you there.

The book's Principles include taking responsibility for your life, setting goals and visualizing success, facing your fears, forgiving others so you can move forward, asking for and graciously receiving feedback, and appreciating your successes.

In The Simple Path to Wealth, blogger and financial expert JL Collins offers a simple road map to achieving financial independence and a secure retirement: Spend less than you make, avoid debt, save “F-You Money,” and invest in stock index funds. He demystifies stocks and bonds, as well as a plethora of investment plan options. In addition to explaining basic concepts such as asset allocation, Collins answers key questions such as how to live on your investments and how to avoid major tax hits.

Whether you’re in the wealth accumulation stage of life where you’re growing your investments, or in the wealth preservation stage where you’re living on them, Collins tells you how to use your money to achieve freedom and a more fulfilling life.

Does thinking about your personal finances make your palms start to sweat? If so, you’re not alone. The sheer amount of information out there about managing your finances is overwhelming, especially for people in their 20s or 30s who are just starting their financial journeys. Ramit Sethi is a self-taught expert in personal finance whose goal is to help you cut through the noise of conflicting and overly technical financial advice, get past your own hang-ups around money, and take small steps toward a “rich life”—whatever that looks like for you.

In this summary, you’ll learn how to use credit cards wisely, choose the right bank accounts and investment accounts, plan out your spending, and ultimately create a financial system that grows your money automatically.

A massive bestseller now in its 13th edition, Burton Malkiel’s A Random Walk Down Wall Street provides a comprehensive and entertaining introduction to the world of finance. Malkiel leverages his experience as an academic economist and former Wall Street portfolio manager to explain for the lay reader the intricacies of security analysis, asset valuation, and investment theory. He also offers a wealth of practical investment principles that will be useful for novice and seasoned investors alike.