These 4 top entry-level financial books, read them and avoid 10 years of detours! Recommend four classic books closely related to making money for brothers. Reading these books may not immediately lead to wealth, but they can sow the seeds of financial intelligence in your heart. With the nourishment of time and experience, they will eventually bloom and bear fruit. 1、 The Naval Codex The concepts in the "Naval Encyclopedia" are more in line with modern society, and I recommend everyone to read them. Today, I will share three points in the book that have had a significant impact on me: 1. Make good use of the power of leverage Naval divided leverage into three types: labor leverage, capital leverage, and replicating products with zero marginal cost. Labor leverage is essentially buying someone else's time by letting them work for you. Capital leverage is the use of money to expand the influence of decision-making, and relying on investment to generate money is the use of the power of capital leverage. Products with zero marginal cost of replication include books, media, movies, and code. Among all the levers that can be used without permission from others, code can be said to be the most powerful - just one computer is enough. Copying products with zero marginal cost is the most accessible lever for ordinary people. 2. Price yourself based on time Navar said that no one values oneself more than you, and what we need to do is set ourselves a very high hourly wage and stick to it. When we price our time, we should try not to do things that are lower than our hourly wage, and instead focus our time and energy on higher value things. 3. Making money requires judgment rather than labor Naval mentioned that he hopes to receive rewards solely based on judgment, rather than relying on labor. For most of us ordinary people, we rely on labor to earn money and sell our time. For example, when looking for a job, you can earn one day's salary from the previous shift, but once you lose your job, you also lose your income. And relying on judgment to make money is basically directly connected and traded with the market, or close to the market. For example, investing is about making money through one's own judgment, essentially utilizing capital leverage and expanding the influence of judgment. 2、 Rich Dad Poor Dad This is a classic financial book that has been selling well for decades, and it is also easy to read. Moreover, the viewpoints inside are not outdated at all. It reveals the deep logic of wealth accumulation by comparing the vastly different money concepts and financial management methods of two "dads" - rich dad and poor dad. One viewpoint that has had a significant impact on me in this book is' pay yourself first '. After most people receive their salary, they first pay the bank (for mortgage, car loan, etc.), then various expenses such as credit cards, rent, utilities, etc., and finally the rest is their turn. But after such a round of payments, there is basically very little left, so it is difficult to accumulate capital for developing oneself (such as investing in one's own brain, investing in the stock market, etc.). On the contrary, we need to pay ourselves first in order to accumulate our competitiveness. After receiving income, we need to pay ourselves first, such as using some money for studying or investing. In addition, the book mentions that a significant difference between the poor and the rich is that the focus of the poor is on income, while the focus of the rich is on assets. The concerns of the poor are how to increase their wage income, how to receive more overtime pay, and how to obtain promotion and salary increases. The focus of the wealthy is whether their assets have increased. Therefore, after receiving their wages, the poor tend to think of consumption, such as enjoying a luxurious lifestyle. After the wealthy receive their salaries, their first consideration is how to accumulate their assets, rather than immediately consuming them. They focus on whether their assets have increased. 3、 Little Dog Money " The Little Dog Money "is a financial enlightenment book written by author Hakata Sch ö fer for his own children. It tells the story of a little girl named Gia and the little dog Money. Money Money is different from other dogs in that it can speak and is also a financial expert. In order to repay Jiya's life-saving kindness, Qian Qian helped Jiya fulfill her wish and helped her family solve their financial problems. In the process of realizing her dreams, Qian Qian taught Jiya the following methods: 1. Write a wish list If you want to fulfill your wishes, you must first be clear about what you specifically want and make a wish list. Qian Qian requires Jiya to review her wish list from beginning to end every day, so as to constantly remind herself of what she wants and closely monitor all opportunities to fulfill her wishes. 2. Dream piggy bank and dream album Qian Qian suggests that Jiya do three things: The first thing is to take a TV series as her wish TV series. Collect some photos related to wishes and post them in the album. The second requirement is for Gia to review her dream album several times a day and imagine that she has truly achieved her dream. The third thing is to make a dream piggy bank. Prepare a piggy bank for each dream, write down your dreams, and start saving the money earned into these dream piggy banks. It's actually the visualization of dreams that we see in many books. 3. Writing a Successful Diary In order to boost Jiya's confidence, Qian Qian asked her to start writing a success diary, preferably every day, with four or five personal achievements written each time, even small things. 4、 The Road to Wealth Freedom The Road to Wealth and Freedom "is a good book written by Professor Li Xiaolai, which reshapes our underlying concepts. It consists of 50 sections, each of which helps us clarify a concept. For example: 1) Attention>time>money ", of course time is precious, but our attention is more precious than time. 2) When selling, it is important to remember these three iron rules: growth is the fundamental key, valuing value over valuation, and patience is more important than anything else. 3) The best strategy to move from mediocrity to excellence is to build one's own multidimensional competitiveness. After all, in a single dimension, everyone is comparing length, in two dimensions, everyone is comparing area, and in three dimensions, everyone is comparing volume. In addition, by reading this book, I have also clarified important concepts such as compound interest, metacognition, necessity, financial freedom, mirror neurons, choice, values, and backwardness. If we want to update our brain's operating system, we need to start with these important concepts. Write at the end: Although reading financial books may not immediately make you rich, sorting out these money concepts through these good books is like creating a "golden key" to unlock the treasure trove of wealth, which will eventually blossom and bear fruit.