Latest news with #TheRichestManinBabylon
India.com
02-07-2025
- Business
- India.com
10 Stock Market Books That Give Vital Lessons In Financial Literacy
photoDetails english 2925089 Updated:Jul 02, 2025, 07:29 AM IST 1. The Intelligent Investor 1 / 10 Written by Benjamin Graham, this classic introduces fundamental investment principles and the concept of value investing. The book emphasises the importance of thorough analysis and the potential of undervalued stocks. 2. The Psychology of Money 2 / 10 This book by Morgan Housel is one of the most insightful books on stock market learning. It offers an insight into the behavioural aspects of investing. It highlights how emotions, habits and decisions lead to financial success. 3. Think and Grow Rich 3 / 10 In this classic book, Napoleon Hill explores the psychological foundations of success. The author outlines the principles of amassing wealth, and all but the most basic of them apply directly to stock market investing. 4. The Richest Man in Babylon 4 / 10 Written by George S. Clason, the book discusses saving, investing and debt avoidance by people who are new to the market. 5. Rich Dad Poor Dad 5 / 10 The book by Robert Kiyosaki offers vital lessons in financial literacy as well as ideas concerning investing and building passive income streams. 6. Security Analysis 6 / 10 This book by Benjamin Graham and David Dodd is essential reading for value investors who want to learn the advanced techniques of analysing financial statements and identifying undervalued stocks. 7. The Warren Buffett Way 7 / 10 In this book, Robert G. Hagstrom explores the investment strategies and philosophy of the legendary investor Warren Buffett. It offers valuable insights for anyone interested in the world of finance and investment. 8. One Up On Wall Street 8 / 10 Authored by Peter Lynch, the book offers valuable insight about how a regular investor can make high returns on their investment by using a basic investing approach. 9. How to Make Money in Stocks 9 / 10 Authored by William J O'Neil, the book offers practical advice and proven strategies for navigating the complexities of the market and making informed trading decisions. 10. The Little Book That Still Beats the Market 10 / 10 Joel Greenblatt wrote this helpful book that explains how to invest in the stock market using effective market strategy.
Yahoo
20-06-2025
- Business
- Yahoo
The 5 Smartest Things To Do on Payday, According to Expert Ryan Scribner
For people who are still living paycheck to paycheck, payday is often an exciting and frustrating day — you have the brief pleasure of watching money roll in, only to have to part with most of it again thanks to bills and other expenses. Find Out: Read Next: Finance expert Ryan Scribner, author of the book 'From Side Hustle to Main Hustle to Millionaire,' offered the five 'smartest' things you should do with your money every payday to make sure you're getting ahead. Scribner is inspired by a book called 'The Richest Man in Babylon,' written by George Samuel Clason, originally published in 1926. In it, Scribner said, is a concept that many finance experts suggest, known as paying yourself first. This doesn't mean you take a wad of cash and blow it on nonessentials, however; it means that you take a small portion of each check and set it aside into your savings. For people who are still working their way up the income chain, Scribner said this could be a very small amount, as little as 1% of your paycheck. However, he pointed out that most experts recommend saving and/or investing between 5% and 20% of every paycheck. You want to put this money into a separate savings account, and ideally a high-yield one, to build an emergency fund. Your first goal with that fund will be $1,000. Learn More: The next smartest thing to do, if you've got a gas-powered vehicle, he said, is to go to the gas station and fill up your tank. He said it's not uncommon for people to pay bills and spend the extra between payday and Monday, only to put their next tank of gas on the credit card. Anything you can do to avoid putting basic expenses on a credit card is a good thing. Scribner stressed that you can really blow a lot of money on eating out — even on fast food, which might seem to be cheaper, but really isn't. While his video is several years old so the prices he used for comparison probably wouldn't translate directly today, it doesn't take much effort to realize you can save money by making most of the food you love to eat out at home. One of the easiest things to overspend on is entertainment, of the sort that involves going out. While Scribner did not touch upon streaming services or online entertainment, you could still work out a budget for those. His suggestion was to take actual cash out of the bank and utilize the old school 'envelope' method, whereby you put cash into an envelope and label it 'entertainment.' Then, you don't spend more than that. You could even save up this cash for a couple of weeks or longer for a 'bigger' entertainment purchase (like a concert or sporting event). While paying down debt might sound obvious, his point is that many people put it off and continue to use their credit cards. There are many approaches to paying down debt, and he didn't suggest one over the other, only that you pick what works best for you. One school of thought is to pay the highest interest debt off first because it makes the most financial sense. Or you could pay off the smallest amount first, say a Walmart credit card with a low balance, he said, and that gives you a feeling of accomplishment. These practical steps on payday will keep you on top of your finances. More From GOBankingRates The 5 Car Brands Named the Least Reliable of 2025 This article originally appeared on The 5 Smartest Things To Do on Payday, According to Expert Ryan Scribner Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
