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Published on August 3, 2020

25 Important Investment Books Every Entrepreneur Needs to Read

25 Important Investment Books Every Entrepreneur Needs to Read

Entrepreneurship isn’t for the faint of heart and brings its own unique set of challenges and obstacles. Thankfully, there’s a wealth of information out there from entrepreneurs of all different backgrounds that can be applied to make solid and fruitful investments. Investment books can help you get started.

Whether it’s been a while since you picked up an investment book, or you’re a ravenous reader, here are the investment books that should be on your must-read list.

For When You’re Just Getting Started

If you’re getting started as an entrepreneur, or even just thinking about it, these books will help you get your foot in the door.

1. A Random Walk Down Wall Street

    Burton G. Malkiel’s book truly is a must-read for aspiring entrepreneurs who are new to investing and want to learn the ropes. The book has sold over 1.5 million copies and covers everything from investment lingo to common pitfalls and proven strategies for maximizing one’s investments.

    Get this book!

    2. Beating the Street

      Learning from somebody who’s climbed their way to the top of the success ladder is one of the best ways to gain knowledge, and Peter Lynch is a shining example of that. Lynch lays out how he started as an intern at an investment firm and went on to manage $14 billion in assets at a hedge fund. Needless to say, he’s full of investment advice.

      Get this book! 

      3. The Millionaire Fastlane

        Author MJ DeMarco wants his readers to start thinking like a producer rather than a consumer, and that means building wealth. DeMarco draws upon his own life and guides readers on how they can leave behind the old model of “get a degree, get a job” and carve out their own financial destiny.

        Get this book! 

        4. The Richest Man in Babylon

          Before you write off a book from 1926 as “irrelevant,” hold-up a second. While this book by George S. Clason may not have any insider trading secrets, it’s full of practical parables, such as “pay yourself first,” that any investor would be wise to follow.

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          5. Economics in One Lesson

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            Having a good business sense is one thing, but knowing economics is a completely different wheelhouse. Henry Hazlitt gives investors a crash course in economics so that they have a better understanding of how such things as tariffs and minimum wage increases impact the business world and potential investments.

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            6. The Power of Broke

              While other books might lay out advice for navigating the complex world of Wall Street, Daymond John takes a different approach. John’s part biography, part how-to book details why being broke can be one’s greatest asset when it comes to embarking on entrepreneurial success and how to go about harnessing its power.

              Get this book! 

              7. Million Dollar Women

                Julia Pimsleur has built a business out of helping women achieve million-dollar revenues through her podcasts, speaking engagements, and best-selling book. She packs the book with case studies and real-world examples that provide tips and guidance for how female entrepreneurs can maximize their careers and investments.

                Get this book! 

                For When You Need Inspiration

                Maybe you’ve started your entrepreneurial journey and are just feeling a little lost or unsure. These books can help!

                8. The Essays of Warren Buffett: Lessons for Corporate America

                  Warren Buffet is the Michael Jordan of investing, and his collection of essays, co-written by Lawrence A. Cunningham, is full of insight and wisdom that investors of all levels can learn from. The collection spans 50 years of Buffet’s wins and losses in investments and what he’s learned along the way.

                  Get this book! 

                  9. Thrive

                    Thrive may not detail every single step Arianna Huffington has taken along the way with her business investments, but it does make our list for a very good reason. Huffington offers plenty of knowledge she’s gained over the years for keeping one’s self mentally happy, so that you can make those smart investment decisions.

                    Get this book! 

                    10. Beating the Odds: Eddie Brown’s Investing and Life Strategies

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                      Eddie Brown, founder of Brown Capital Management, details how he got started in the industry and weathered the recession of 2008 to grow one of Maryland’s premier investment firms. If you’re an entrepreneur looking for inspiration on how to build success from the ground up, Brown offers a wealth of knowledge.

                      Get this book!

                      11. Principles: Life and Work

                        Principles

                        isn’t the typical investment book, but it details Ray Dalio’s creation of the investment firm Bridgewater Associates and offers a great amount of knowledge. Dalio shares his wisdom on not just cultivating business relationships and investment strategy, but the set of rules he applies to all areas of his life.

                        Get this book!

                        12. Shark Tales

                          Barbara Corcoran is a familiar face to fans of the TV show Shark Tank, and her book is a fantastic read when it comes to a real-world, rags-to-riches story. Shark Tales dives into how Corcoran went from being a broke waitress to making the right investments and business moves to become the millionaire investor that she is today.

                          Get this book! 

                          13. Prince of Darkness: The Untold Story of Wall Street’s First Black Millionaire

                            Shane White has done a fantastic job of unearthing and telling the story of Jeremiah G. Hamilton. Born in the early 19th century, Hamilton went on to become a successful investor and the richest Black man in the United States. Prince of Darkness is a truly fascinating story of a man finding success against the odds.

                            Get this book! 

                            For Aspiring Real Estate Investors

                            If you’re looking to get into real estate investments, take a look at these books before embarking on that adventure.

                            14. The Book on Rental Property Investing

                              Looking to create some sweet passive income with real estate? The rental market is the way to go. Brandon Turner breaks down everything, from which investments make the most financial sense to how to land your first rental property, and how to avoid the pitfalls of real estate as you grow your rental portfolio.

                              Get this book! 

                              15. How to Flip Houses With Little or No Money

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                                The sheer number of TV shows on the subject is proof of just how popular house flipping has become. Author Cody Sperber has flipped over 1,000 properties and offers tips and how-to advice to entrepreneurs on how to begin investing and flipping real estate on the cheap.

                                Get this book! 

                                16. The Book on Tax Strategies for the Savvy Real Estate Investor

                                  Getting a piece of real estate property at a good price is only part of the strategy involved in successful real estate investing. Written by two CPAs, Amanda Han and Matthew McFarland, the book details everything entrepreneurs need to know when it comes to tax strategy and how it plays into real estate investing. While this may not be the most exciting topic, it is quite essential.

                                  Get this book! 

                                  17. Investing in Rental Properties ror Beginners: Buy Low, Rent High

                                    Lisa Phillips’ approach to investing in real estate might not break the mold, but what she does do is show readers a solid foundation of how they can apply proven real estate investing principles to their own financial situation. That alone makes this book worth its weight in gold for novice investors.

                                    Get this book! 

                                    Books That Should Be on Every Entrepreneur’s Shelf

                                    Entrepreneurs at any stage of creating their business will find these books full of useful information and practical advice.

                                    18. The Little Book of Common Sense Investing

                                      John C. Bogle knows his stuff when it comes to investing as he’s credited with creating the first index fund and founded the Vanguard Group. Bogle doesn’t offer a get-rich-quick approach to investing, but he does guide readers on how to approach the stock market and other investments with strategy.

                                      Get this book! 

                                      19. Thinking, Fast and Slow

                                        Written by the 2002 Nobel Prize winner in Economic Sciences, Daniel Kahneman, this book looks at the psychological process of investing. Kahneman examines how the thinking patterns of investors can truly make or break them when it comes to success and how to recognize your own critical thinking investment decisions.

                                        Get this book! 

                                        20. Become an Idea Machine: Because Ideas Are the Currency of the 21st Century

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                                          Got a start-up in mind or want to have one? Author Claudia Azula Altucher’s book functions as a workbook of sorts to help entrepreneurs learn to cultivate, recognize, and capitalize on the right investment ideas. The book is full of exercises and tips on tapping into one’s creative and entrepreneurial spirit.

                                          Get this book! 

                                          21. The Intelligent Investor

                                            If you’re looking for how to spot and capitalize on the next big trend before it breaks, look elsewhere. Benjamin Graham is in it for the long game and places his focus on value investing[1], which ignores the market trends of the moment and instead shows readers how to pick investments with a proven track record.

                                            Get this book! 

                                            22. I Will Teach You to Be Rich

                                              Author Ramit Sethi lives the title of his book in his professional life as the founder of GrowthLab, a site dedicated to showing people how to build a successful automated business. Sethi tackles the challenges of lining up one’s own financial ducks and then growing their money with both wit and practical advice.

                                              Get this book! 

                                              23. The Only Investment Guide You’ll Ever Need

                                                So many investment books offer advice with a “wealthy investors only” approach. Andrew Tobias offers insights, tips, strategy, and guidance for those who don’t have mountains of capital to burn. While the book came out in the 1970s, it’s far from outdated and has been revised over the years to keep up with the times.

                                                Get this book!

                                                24. Rich Dad, Poor Dad

                                                  Robert T. Kiyosaki is one of the most well-known financial gurus out there, and for good reason—he offers consistently good, proven advice. Kiyosaki’s views on approaching wealth-building aren’t without criticism, but Rich Dad, Poor Dad is worth a read to get some real insight into how Kiyosaki’s investing principles helped him build a net worth of $80 million.

                                                  Get this book! 

                                                  25. Think and Grow Rich

                                                    Napoleon Hill’s book could double as a case study as it highlights 500 individuals over the course of 20 years and the 13 traits that led to their wealth-building and success. First published in 1927, the book has sold over 70 million copies. Those numbers alone should be a testament to its value.

                                                    Get this book! 

                                                    More Books on Investing Wisely

                                                    Featured photo credit: Progressive Insurance via unsplash.com

                                                    Reference

                                                    [1] Invezz: Value Investing Strategy

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                                                    Chris Porteous

                                                    The CEO of Grey Smoke Media / My SEO Sucks, helping entrepreneurs to grow their businesses.

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                                                    Published on January 7, 2021

                                                    How To Train Yourself When You Lack Attention To Details

                                                    How To Train Yourself When You Lack Attention To Details

                                                    Some people see the trees for the forest, and some see only the forest, meaning they lack strong attention to detail. But even if you’re one of the people who take a macro rather than a micro view, true professionalism requires balancing both.

                                                    If focusing on the fine points is not your forte, you will benefit from training yourself to pay attention to details. You will profit by saving yourself time, effort, money, and credibility.

                                                    Why Training Yourself in Attention to Details Pays Off

                                                    You add value to your organization when you make the effort to ensure that you performed your work thoroughly and effectively. This is why job postings often list “attention to details” among the required skills.

                                                    When you present your supervisor or client with well-completed, high-quality work the first time, it maximizes your value and minimizes wasted time. Detail-oriented people are also more adept at catching mistakes that could lead to costly blunders.

                                                    Moreover, attention to detail is an indicator of possessing other in-demand employee qualities, such as organization, thoroughness, and focus. In some professions, such as accounting, engineering, medical research, and more, you can only excel if you have trained yourself to pay attention to details.

                                                    In other professions, possessing strong attention to detail is the very quality that will get you promoted to a position where you will be asked to consider the big picture.

                                                    Finally, if you are the “go-to” details person, everyone else on the team can relax a bit. They know the project is in good hands and will likely throw you more projects as a reward. This will ultimately lead to your advancement.

                                                    3 Important Aspects of Becoming More Detail-Oriented

                                                    Here are the 3 important things you need to learn if you want to remedy your lack of attention to detail:

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                                                    1. Respect deadlines
                                                    2. Understand the work-flow plan
                                                    3. Build in time to mess up

                                                    1. Respect Deadlines

                                                    Deadlines lend all projects a finish line. One smart idea is to take the given deadline and work backward from it, calculating when your piece of the project is due. Then, if you stick to the proscribed schedule for completing the mini-projects that you have, you will never miss a deadline.

                                                    One important note on this: It is smarter to stick to the deadline and turn in work that merits a “B+” than to blow the deadline with “A” work. Chances are, through revision and suggested changes from others on the team, you can bring up your B+ work to an A later. But if you disregard deadlines, you will lose the respect of your boss and fellow teammates.

                                                    2. Understand the Work-Flow Plan

                                                    Your team is developing work in conjunction with other teams who have projects and deadlines of their own. When you grasp the whole work-flow plan, you may be able to either add insight to the greater project or to your own smaller piece of it that others at the firm will consider valuable.

                                                    3. Build in Time to Mess Up

                                                    You can expect that “what can go wrong will go wrong.” Don’t overpromise on deadlines. Something likely will mess up, but when it does if you built in the time to fix it, those around you won’t freak out.

                                                    Chances are, you already give your attention to several details. Take heart. You can do this! You can overcome your lack of attention to detail and become more detail-oriented.

                                                    For starters, consider this: Most people take the time and put in extra effort into the activities or undertakings that matter to them most. Training yourself to become more detail-oriented can mean adopting a similar pattern of behavior.

                                                    Apply the same attention you give to your appearance. Are you a meticulous dresser? Do you pay attention to how you pair patterns and colors, and how you accessorize a particular outfit?

                                                    This is the same system to use when you lack attention to detail with your work. Give every item careful consideration so that each one contributes to the perfectly pieced-together whole.

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                                                    Assemble the ingredients the way you do when you cook. Cooking and baking from scratch require close attention to details as you measure and add each ingredient in sequence, and you time everything so that the meal comes together at the same time.

                                                    Similarly, your work product requires you to gauge whether all the ingredients have been added and that your final product is delivered on time.

                                                    Organize your business network like you do your social contacts. If you follow a broad base of friends and acquaintances on social media, you can apply similar skills to stay up-to-date on details associated with business acquaintances.

                                                    When you meet somebody who could be influential to your career or a resource for improving your skills, follow that person on social media. Respond to their posts to keep the lines of communication flowing.

                                                    12 Tips to Help You if You Lack Attention to Detail

                                                    Teaching yourself to take note of important details involves sharpening your perceptions and thinking ahead. The following tips will help you adopt these practices. Master these habits when training yourself to become detail-oriented.

                                                    1. Learn to Listen Well

                                                    You will pick up relevant information and needed nuance when you apply the skills of active listening. In conversations, train yourself to make eye contact, give your undivided attention to the speaker, and ask pertinent follow-up questions.

                                                    Training yourself to pay better attention to details in conversations includes learning to fully concentrate on what others have to say. If you find it hard, there’s no harm in taking notes on what they say.

                                                    2. Pay Attention to Social Cues

                                                    Make a point of noticing body language and facial expressions that provide insights into how others perceive a situation. Social cues offer details that give you an understanding of how words and actions impact others. The infamous character Michael Scott of the television show “The Office” epitomizes the consequences of not paying attention to others’ body language.[1]

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                                                    3. Follow Rules

                                                    Rules and protocols usually come about from lessons learned and are put in place to avoid further mishaps—whether from a safety or efficiency standpoint. If you’re given step-by-step procedures to follow, check them off as you go. Also, return to the rules at the project’s end just to make sure you adhered to them all.

                                                    4. Take Notes

                                                    Note-taking is a way to boost your retention and gives you something to refer back to when you need to keep track of pertinent details. You will also heighten your focus as you listen for relevant information. Review your notes shortly after the meeting or conversation and highlight the content that you intend to apply.

                                                    5. Prioritize What Needs Your Attention Now

                                                    When you have a full slate of work that demands your attention, take a few moments to sort assignments from most to least urgent. Keep a calendar, spreadsheet, or project planning software up-to-date with schedules and deadlines to help you stay organized.

                                                    As you tackle each urgent assignment, give it your full attention so no details are missed. Give yourself ample time—especially if you tend to be someone who waits until the last minute—as rushing can make you overlook important details.

                                                    6. Have a Detail-Oriented Assistant Check Your Work

                                                    If you lack attention to detail, then it makes sense to seek help from someone detail-oriented. If you have this option, take advantage of it. Two sets of eyes are better than one. Just be sure to credit your assistant for their help once the project is completed.

                                                    7. Learn the Rules of Writing Well

                                                    English is a difficult language, and grammar, punctuation, and spelling can all sabotage you unless you pay attention to detail. When in doubt, look it up. Free to use website services such as Grammarly can help.

                                                    8. Proofread Before You Hit Send

                                                    Nothing is perfect in its first draft. If you lack attention to detail, then put in the extra effort before submitting things. Before you send off any written work, check carefully not only for misspellings and incomplete sentences but also for improper tone, inappropriate colloquialisms, and inconsistent formatting. When your written communications are error-free, they will have their intended impact.

                                                    9. Minimize Distractions

                                                    It is impossible to stay focused when colleagues carry on conversations nearby or your mobile notifications ding you throughout the day. Do your best to limit distractions.

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                                                    If you are working where there is a lot of noise or side activity, try wearing noise-canceling headphones or seeking out a quiet corner. Disable your notifications when you need to focus, and resolve to only check them after you have completed your assignment.

                                                    10. Take Breaks

                                                    It may sound counter-intuitive to stop and take a walk, but it’s necessary. Walk away from the screen. Moving from one task to the next across the span of your workday is a recipe for brain fatigue. Give your brain a recess time when you come to a natural stopping place or after you complete one project and before you start the next. These short pauses are necessary for sorting through all the details needed for coming up with successful solutions.

                                                    11. Make Time for Reflection

                                                    At the end of a workday, take a few minutes to go over the day’s events in your mind. What was said or relayed in conversations? What is the status of the projects you worked on? What else occurred that you should pay attention to? Could there have been any details you might have missed that you should address tomorrow?

                                                    12. Keep a Detailed To-Do List

                                                    This simple organizational tool is your best ally for getting your work done on time and for paying attention to the details. If you are pressed for time (and who isn’t?), write your list to coordinate with dayparts.

                                                    Allot a certain number of hours to complete each task, do it, and then check it off. Nothing feels more rewarding than completing all the tasks on your list. But if you can’t finish them, then carry them over to the following day.

                                                    Final Thoughts

                                                    Details may seem small, but they can become a lot larger when they are overlooked. If you know you lack attention to detail, commit to training yourself to embrace the many facets that can help you consistently excel in the tasks you set out to accomplish.

                                                    When you begin to catch your mistakes in advance or apply the tidbits of information you gathered from paying close attention, you will know that you have trained yourself in the fundamentals of becoming detail-oriented. After that, you should start hearing the phrase “Great job!” more often.

                                                    More Tips on Boosting Your Attention to Detail

                                                    Featured photo credit: Cristina Gottardi via unsplash.com

                                                    Reference

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