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10 Top Investing Books for Biglaw Associates

We believe investors are made, not born. And for even the most advanced financial whizzes, ongoing education remains a key part of managing money well.

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stickyWe believe investors are made, not born. And for even the most advanced financial whizzes, ongoing education remains a key part of managing money well.

Blogs, magazines, and newspapers are a good source of learning, but a word of warning: Be mindful of what you’re consuming—too much market news can lead to overconfidence bias and might compel you to try to time the market, which rarely leads to better outcomes, research shows.

So, whether you’re just out of law school and new to investing, or you’re getting close to retiring, consider these 10 popular reads to get you started on the path of good financial habits.

1. “The Millionaire Fastlane” by MJ DeMarco

Getting rich quick doesn’t exist, and author MJ DeMarco explains his views on how to build wealth so you can enjoy it now instead of waiting until your golden years. He advocates moving out of “The Slowlane” or traditional way of gaining financial security, and moving into “The Fastlane” with some key pieces of advice.

2. “The Debt-Free Spending Plan” by JoAnneh Nagler

It’s nearly impossible to build wealth or invest for the future when you have loads of debt weighing you down. But where do you start? Author JoAnneh Nagler—a former fundraiser and grant writer—shares her real-life plan that discusses how you can help yourself get out of debt and reach financial freedom.

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3. “Dream Save Do” by Warren and Betsy Talbot

We all dream of the day we can quit our jobs, travel the world, and become financially independent. But in order to make that dream a reality, the Talbots suggest a few steps you should follow. The Talbots are a husband-and-wife team who quit their corporate jobs to pursue their dreams. This book offers advice for how you and your family can do the same.

4. “Give Yourself a Raise” by Gordon Bennett Bliel

The more money you can make, the faster you can reach your financial goals–it’s a pretty simple strategy but one we don’t often implement. Financial educator Gordon Bennett Bliel offers simple steps to help you increase your income and reduce stress.

5. “Make Money Your Honey” by Amanda Abella

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If you plan on owning a business one day (or if you already do), then this book will help you come to grips with your money mindset. In order to be a successful business owner and investor, you need to bust through that financial ceiling so you can start bringing in more money, and Amanda Abella’s advice can help you to do that.

6. “The Behavior Gap” by Carl Richards

We already know that we do stupid things with our money, and the stock market often dictates our moods. It’s easy to blame the economy and Wall Street for our bad financial decisions, but author Carl Richards reminds us how investing really works, so we can avoid getting caught up in the emotion of it all.

7. “Money Rules” by Jean Chatzky

The entire premise of this short book is that money is actually very simple, and we’re the ones who make it complicated. Jean Chatzky outlines a set of basic money rules that she believes, if followed, can lead to a richer more enjoyable path to lifelong security. You can easily read through this book in one sitting.

8. “The Millionaire Next Door” by Thomas Stanley and William Danko

The authors of this book spent a lot of time researching, interviewing, and studying people with a high net worth. Based on their findings, they propose seven rules.
The one thing they discovered from their research to reach financial freedom: Live well below your means.

9. “Spirit Driven Success” by Dani Johnson

If you’ve never read Dani Johnson’s story, it’s truly inspiring. After filing for bankruptcy and being completely broke, homeless, and on her own at the age of 21, she started a business out of her car. Within two years, she was a millionaire and became the success story she is today. She shares the exact strategies she used to get back on her feet again without sacrificing her beliefs.

10. “The Intelligent Investor” by Benjamin Graham

Although this book was written nearly seven decades ago, the principles are still studied and shared by some of the most successful investors of our day, like investing legend Warren Buffett. Author Benjamin Graham is widely considered one of the greatest investment advisors of all time. You can use his time-tested investment strategies to build a successful portfolio.

This piece, written by Carrie Smith, originally appeared on Betterment. The opinions expressed by Carrie Smith are strictly her own and do not necessarily represent those of Betterment.

Betterment is the largest, fastest-growing automated investing service, helping people to better manage, protect, and grow their wealth through smarter technology. The service offers a globally diversified portfolio of ETFs, designed to help provide you with the best possible expected returns for retirement planning, building wealth, and other savings goals. Betterment is a CNBC Disruptor 50 and Webby award winner and has been featured in the New York Times, Forbes, and the Wall Street Journal. Betterment helps people to achieve a smarter financial future with minimal effort and at a fraction of the cost of traditional financial services. Learn more here.

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