Finance Books That I Read

Being Financially Smart

I started reading finance related books such as Rich Dad, Poor Dad when I was in Grade 3. While most of my friends didn’t even understand what interest means, I already understood how modern currency developed, what debt is, what an asset is, how powerful compound interest is, and how one could leverage the potential of saving and investment to become wealthy.

The books taught me that being academically smart is not the key to a prosperous life. There are plenty of examples in which people have advanced university degrees, wonderful jobs and decent earnings living from paycheque to paycheque with huge debts. I realized that being financially smart is sometimes more critical than being academically advanced.

I also challenged myself by reading real world financial reports that even many adults feel boring about. For example, with my father’s guidance I read the annual report from Berkshire Hathaway, the company managed by billionaire Warren Buffett. I am yet to fully comprehend it, but I feel that it is interesting and I am learning a great deal of both investment and business ideas with my father’s explanations.