Top Books To Build Wealth

Books are awesome. 

They allow you to “stand on the shoulders of giants”. A book can condense a person’s lifetime of deep thought into a 6-hour read. And books teach you lessons from painful mistakes that others have made. You just get to skip the painful failure part. Not a bad deal. 

Each book you read adds a new layer to your prior knowledge, resulting in an intellectual compounding effect. 

Books are great, but they are nothing without action. Books are only useful when you apply what you learn. 

Here are the books that I’ve found most helpful to build wealth. You may notice that they inform content on my blog. 

Please note that this page contains affiliate links, meaning I get a commission if you click a link to a book and make a purchase. 

I assess this as the best all-in-one book on investing in stocks and bonds. 

Topics Covered: Stock market history, risk and return relationship, portfolio management, modern portfolio theory, the source of bond returns and the source of stock returns. 

Who it’s for: Anyone who wants to build long-term wealth with stocks and bonds. 

A Random Walk Down Wall St Cover

The little book of common sense investing is written by the legend John Bogle who founded the Vanguard Group. He is known as the godfather of index investing. 

Topics Covered: Stock and bond index investing, asset allocation, retirement planning, sources of stock returns. 

Who it’s for: Those who want to grow wealth with stocks and bonds. 

To see the table of contents, click the “look inside” arrow above the photo in Amazon and scroll down:

Shelter is likely your largest expense. Society biases us toward home ownership. This book brings up various behavioral and financial considerations in the rent-vs-buy evaluation. The book also assesses the real estate markets in six metropolitan areas in Canada.  

Topics Covered: True costs of home ownership, the Canadian Real-Estate market, and the rent vs. buy decision. 

Who it’s for: Canadians who want to make the best possible financial decision when it comes to shelter. 

To see the table of contents, click the “look inside” arrow above the photo in Amazon and scroll down:

A non-technical all-around personal finance book that can guide frugal living and investing. 

Topics Covered: Compound growth, luck vs risk, money, and freedom, and the stunning difference between looking wealthy and being wealthy. 

Who it’s for: Beginners who want a firm grasp on core financial concepts and an understanding of strong money behaviors. 

To see the table of contents, click the “look inside” arrow above the photo in Amazon and scroll down:

An awesome book on psychology that can help you spend, earn and invest in a way to improve your well-being. 

Topics Covered: Addictive behavior, the pleasure-pain balance, unsustainable sources of “happiness”. 

Who it’s for: Anyone who wants to hone in their self-discipline and improve self-control to improve their long-term wealth. 

To see the table of contents, click the “look inside” arrow above the photo in Amazon and scroll down.

Behavioral errors cause you to buy-high and sell-low when investing. This humbling book will inform you of the human biases that hurt long-run returns.

Topics Covered: Human cognitive and behavioral biases. 

Who it’s for: Anyone who wants to build long-term wealth with index funds or otherwise.

To see the table of contents, click the “look inside” arrow above the photo in Amazon and scroll down.

Written by Peter Lynch, the manager of the Magellan Fund between 1977 and 1990 where he averaged a 29.2% annual return through value investing. 

It’s an entertaining read if you like some dry humor. Lynch is super to the point. He does a great job of reinforcing the fact that stocks represent ownership in real business.  

Topics Covered: Individual stock selection, value investing, and fundamental analysis. 

Who it’s for: Intermediate investors (index funds or otherwise) who want to better understand how stocks work. 

To see the table of contents, click the “look inside” arrow above the photo in Amazon and scroll down.

Money isn’t the only thing that compounds, so do your habits. Habits eventually become automatic so you can chill. An aggregation of tiny habits can make huge changes in your spending, earnings power and impact on the world.

Topics Covered: How to engineer your environment to build good habits. Methods to form new habits and destroy bad habits. 

Who it’s for: Everyone who wants to be better. Applicable at any stage of building wealth, from expense cutting to investing to earnings power. 

To see the table of contents, click the “look inside” arrow above the photo in Amazon and scroll down.