Articles by Kathrin

A Random Walk Down Wall Street by Burton G. Malkiel is a bestselling personal finance book that takes the reader on a journey through financial history and teaches about past and present investment strategies.

It is extremely well-known and has been sold over 1.5 million times, earning its author great respect in the financial world.

Your Money or Your Life by Vicki Robin and Joe Dominguez is one of the oldest and most well-known books about financial independence. While it teaches you how to manage your money, it takes a much broader approach than many other personal finance guides.

In fact, the program created by the authors is designed to change almost every aspect of your life. Let’s have a look at whether this classic, first written in 1992 and updated in 2008, is still relevant for readers today.

The holiday season is just around the corner, and with it comes the challenge of finding a great gift for your loved ones.

Why not opt for a personal finance book this year?

Over the last few months, we have compiled reviews of some of the most helpful works on managing money effectively.

There is a range of content, appropriate for readers of different ages, in different situations, and living in various parts of the world.

How I Lost Money in Real Estate Before it Was Fashionable by JL Collins tells the story of his disastrous condo purchase in the 1970s and 80s. The short book demonstrates how, contrary to popular opinion, real estate isn’t always an amazing investment and that potential homeowners should be critical before buying.

Investing Demystified: How to Create the Best Investment Portfolio Whatever Your Risk Level by Lars Kroijer educates the general population on how to best invest.

The author is a former hedge fund manager, so he has spent years of his life analyzing the markets and learning about portfolio theory. As a result, the information in this 2017 guide is backed by the most current research into how markets work.

Kroijer pays special attention to making his concepts applicable for investors all over the world, and you can implement his rational portfolio no matter where you live.

The Little Book of Common Sense Investing by John C. Bogle, published in 2007, is an account of why the author is in favor of using index funds when investing. In essence, the advice is simple: invest in a broad market index fund and hold for the long term.

But Bogle goes into detail about why such a strategy will produce above-average results and what factors affect your investment the most.

The author is an expert in behavioral finance and history and an avid proponent of financial independence.

In his book, he takes us through some of the most important lessons he’s learned about why we act the way we do and how to think positively about wealth and investing.

Money: A User’s Guide by Laura Whateley was published in 2018 and aims to educate young people between the ages of 18 and 40 about how to best handle their money.

It provides a good basic overview, the book is not focused on financial independence or investing to create an income.

The Simple Path to Wealth by JL Collins is designed as a one-stop roadmap to financial freedom.

The author created the book for his adolescent daughter, who has little interest in investing and therefore needs an easy, automatic path to achieving her financial goals.

Since its publication in 2016, it has sold over 400,000 times and been translated into several other languages, including Japanese and German.

This book is a classic in the personal finance space.

In it, the authors detail what they have learned after interviewing countless millionaires and their families.
But are the concepts helpful in today’s world, 25 years later? And can European investors apply the lessons learned from American millionaires?