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Not sure what to get someone for Christmas? How about giving the gift of financial knowledge? It’s truly a gift that keeps giving. 

Here’s a list of some of the top finance books available that would make a great present.

Rich Dad, Poor Dad by Robert Kiyosaki

This book has been around for a while now, but it’s quite possibly one of the best overviews on wealth building. It deals less with specific moneymaking strategies and more with the mindset that is necessary to achieve great wealth.

Author, Robert Kiyosaki builds on his early life experience as a child of a well-educated, high income, but perpetually broke father, in comparison to the father of his best friend, who was poorly educated, but a multimillionaire.

Kiyosaki chronicles the differences in financial philosophy between his natural father, and his wealthy model father, a.k.a., his rich dad. His poor dad works for a living, but never acquired a significant amount of wealth. His rich dad began accumulating money early in life and put it to work through income producing investments. Over time, his rich dad multiplied his wealth many times, while the poor dad remained a working individual for the rest of his life.

Kiyosaki followed the path of his rich dad and was able to retire comfortably at the ripe old age of 47. The insights he shares in the book are priceless and well worth learning for anyone who aspires to be independently wealthy.

The New Buffettology by Mary Buffett and David Clark

The full title of the book is The New Buffettology: The Proven Techniques for Investing Successfully in Changing Markets That Have Made Warren Buffett the World’s Most Famous Investor - and that captures the essence of this book. Some investment gurus have had a hot hand for a few years, but Buffett’s investing career success spans decades, and his wisdom is timeless.

This book will show you how he’s been able to build what he has, which is to create long-term wealth in the stock market through value investing. And in case you’re wondering, author Mary Buffett is the former daughter-in-law of Warren Buffett.

The Intelligent Investor by Benjamin Graham

A book that tops Amazon's best sellers in finance list and recommended by Goodreads is a revised edition of a classic investment guide that's proven the timelessness of the wisdom it offers. Originally published in 1949, the text focuses on developing long-term investment strategies and avoiding significant errors. This is is the so-called philosophy of "value investing" populated by the author, Benjamin Graham.  

The book provides a historical perspective on investing and a comparison with current market conditions thanks to the commentary added in the new version.   

The Millionaire Next Door by Thomas Stanley and William Danko

This remarkable book gives you a top-down view of how people become millionaires, and how they stay that way. While the TV version of a millionaire is a fast-talking young buck, in perpetual motion, living the high life and always making a fast killing. The book shows the more common American millionaire experience.

Warning: this book is likely to change your entire view of who millionaires are, and how they got there.

Most are ordinary folks, who live surprisingly unremarkable lives. They are typically employed or self-employed in relatively ordinary businesses. The key to their success is living beneath their means, investing conservatively, and avoiding debt. It’s not nearly as exciting as the TV version of the millionaire lifestyle, but it’s the way that it often happens, and is one of the strategies to become a millionaire.

The Four Pillars of Investing by William Bernstein

This book does an excellent job of covering investing fundamentals, like solid asset allocation, but it also challenges the reader to consider various strategies. This includes buying stocks that are out of favor and at times don’t seem like a good purchase. Such investments have a potential to produce the highest investment returns.

This is an outstanding book to give to the beginner investors. 

The Investment Answer by Daniel Goldie and Gordon Murray

This short read, less than 100 pages long, can show you how to invest successfully by using easy-to-understand language. The book helps you to determine whether you should hire a professional to manage your portfolio or should do it yourself. It explains how to effectively diversify your investment holdings, and when to sell investments.

One of the real benefits of this book is that it takes an outside-Wall Street approach to investing, potentially helping the reader to see beyond the conventional Wall Street investment wisdom that sometimes lures investors into less than optimal strategies.

This book is an excellent choice for investors with any level of experience.

Psych Yourself Rich by Farnoosh Torabi

“Psych” is probably the key word in this book, since it primarily explores the mindset that you need to adopt to achieve financial success. Farnoosh Torabi covers how to have a healthy view of money, including creating a holistic approach, so that your pursuit of it will match your goals and aspirations in life.

She suggests an entrepreneurial approach to becoming rich, creating an action plan that will get you where you need to go, and doing it quickly and methodically so that you will avoid so much of the mental anguish that goes with making important money decisions. 

The Bottom Line

Any of these books would make an excellent gift, particularly for someone who is either new to investing or has been struggling in the process.

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