Tuesday, May 6, 2008

Read 'em and reap: top finance books

Money this year teams up with renowned bookseller Dymocks to nominate the top-selling books about making, accumulating and increasing wealth. Those books are highly popular because they will teach you finance on fastest and most effective way, everything about stocks, investment, brokerage and many other subjects is there:


1. From 0 to 260+ properties in 7 years
Steve McKnight

Wrightbooks RRP $32.95

This is the sequel to the best-selling From 0 to 130 Properties in 3.5 Years, which has sold over 130,000 copies since publication in 2003. The author is the first to admit that investing in property today is different. Interest rates have increased and the inflation rate is higher, and this means investors must vary their strategy or risk making substantial losses.
In an easy-to-understand style, he reveals how he has made the most of cash & cashflow property investing. He shares the latest information on how real estate can make you a fortune, plus tips on how to minimise potential losses. A bonus CD has Steve chatting about real estate investing and how to continue to use property to build wealth.


2. Rich dad, poor dad
Robert Kiyosaki

Techpress RRP $24.95

Personal finance writer and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated but fiscally unstable father, and the multimillionaire high school dropout father of his closest friend. The lifelong monetary problems experienced by his "poor dad" (whose weekly pay cheques, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his "rich dad" (that "the poor and the middle class work for money," but "the rich have money work for them").
Taking that message to heart, Kiyosaki was able to retire at 47. With consultant and CPA Sharon L. Lechter,he lays out the philosophy. Based on the principle that income-generating assets always provide healthier bottom-line results than even the best of traditional jobs, it explains how those assets might be acquired so that the jobs can eventually be shed.


3. From 0 TO 130 properties in 3 1/2 years
Steve McKnight

Wrightbooks RRP $29.95

Melbourne property investor Steve McKnight’s earlier books reveals how he has been able to purchase, on average, a new dwelling every eight and a half days since 1999. That's an amazing 130 properties in three and a half years, generating hundreds of thousands of dollars in passive income. This book challenges the way you look at — and invest in — property forever.
4. Why we want you to be rich
Robert Kiyosaki & Donald Trump

RICH Press RRP $39.95

The wildly financially successful authors of this book state, early on, that a reader will not find in its pages specific advice on how to make or invest money. It's more a book of philosophy that manages to entertain and to inform. Written in bite-size chunks and adorned with quotes (some from the authors' previous works or speeches) and graphs, it explains why some people get rich and others...well, don't.

5. Richest man in Babylon
George S. Clason

Signet Business RRP $19.95

Read by millions, this timeless book holds the key to success — in the secrets of the ancients. Based on Babylonian principles, it's been hailed as the greatest of all inspirational works on the subject of thrift and financial planning.


6. Top stocks 2007
Martin Roth

Wrightbooks RRP $29.95

Popular finance author Martin Roth runs the Top 500 companies through exhaustive selection criteria and subjects each stock to rigorous analysis. This year's Top Stocks includes: individual analysis of the latest results from top Australian companies; comparative sales and profits data and in-depth ratio analysis; five-year price charts and shareholder return figures; comprehensive research detailing each company's overall outlook; and 19 tables that rank all of the companies according to financial data.


7. Think & grow rich Napoleon Hill
Little Hills Press RRP $24.95

This all-time classic has sold more millions of copies around the world in its various editions than any other book of its type and reportedly more millionaires owe their fortunes to this text than any other. This book is the result of 25 years extensive research into the secrets of the 500 wealthiest people in America.
Make no mistake, writes Hill, there is a secret to great wealth and you won't find it taught at school. The secret is so simple, he says, anyone can use it to become fabulously wealthy and successful in their chosen field. Think & Grow Rich offers a step- by-step system for transforming your dreams into reality.


8. How to give your kids $1million each
Ashley Ormond

Wrightbooks RRP $29.95

This book should appeal to every parent's desire to provide wealth and security for their children, taking a simple, fun, low-risk approach. Ormond outlines a very simple plan for parents not only to build wealth for their kids but also to help teach them about money — how it works, how to manage it and how to make it grow. As soon as your kids are old enough, you are encouraged to get them involved in their very own savings plan.
The book comes with a money box that your children can cut out and piece together — and start filling up! Sydney author Ormond, has spent 25 years in the finance industry, 15 years in major banks and 10 years as a private consultant. He draws on his personal experience in developing the plan for his own two kids and also his many years in the finance industry.


9. Starting out in shares: The ASX way
The Australian Stock Exchange

ASX RRP $34.95

This handbook covers why you might invest in shares, the benefits of being a shareholder, how the ASX works, finding a broker, checking broker and buying and selling shares. It includes an introduction to technical analysis, a top-down approach to investing, a bottom-up approach to investing, ratio analysis, floats, risk and return and technical analysis. As well it covers where to go for further information, the All Ordinaries index, why markets go up and down, reading company reports, and record-keeping.

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