3 Essential Books to Level Up Your Money Knowledge

Reading time: 3 min

When you first dive into the world of investing and crypto, it can feel like you've been thrown into the deep end.

The jargon, the concepts—it's like trying to learn a new language overnight.

And where do you even start? There’s an ocean of information out there and it can be overwhelming for beginners to sift through.

I got you covered.

Today, I’m going to give you a list of 3 books that were game-changers for me. And these aren't your typical snooze-fest finance books.

Instead of focusing on the technical aspects of crypto or investing strategies, I think it’s more important to learn about big fundamental concepts—like the history of money and your money psychology.

This might confuse you at first, but let me explain.

To truly understand and appreciate Bitcoin, and crypto as a whole, it’s crucial to understand the history of money and how we got to this point. Crypto is the next chapter. You gotta know where you've been to know where you're going.

And learning how to invest isn’t just about numbers, statistics, and charts. It’s about knowing how to manage your emotions through all the ups and downs of the markets, from exhilarating highs to gut-wrenching lows.

Ready? Let’s get it.

1. The Bitcoin Standard

Ever wondered why Bitcoin is considered “digital gold”?

The Bitcoin Standard by Saifedean Ammous answers that, and a lot more.

The book kicks off with a deep dive into the history of money and the rise and fall of different monetary systems. He then breaks down Bitcoin’s complex technicalities, explains why it’s a form of "sound money”, and talks about how it could shape our financial future.

This book will challenge your views on money and make you rethink the concept of value in the digital age.

2. Money: The True Story of a Made-Up Thing

Next up, we've got Money: The True Story of a Made-Up Thing by Jacob Goldstein.

Now, this one's a real gem. Jacob takes us through the rabbit hole of how all money is, essentially, made up.

Wild, right?

This book takes you through the evolution of money, from seashells to paper to digital currencies. You'll learn how money has changed over the centuries, how it has shaped our societies, and what it tells us about human behavior and values.

After reading this book, you’ll rethink what you know about those green bills in your wallet.

You won't just understand money—you'll see it in a whole new light.

3. The Psychology of Money

Last but not least, we have The Psychology of Money by Morgan Housel.

If you've ever wondered why you feel FOMO when your homie rolls up in a new shiny whip or why you’re afraid to invest, this book has your answers.

This isn’t your usual finance book filled with boring charts and formulas. He uses short stories to show the ways people think about money and how it influences their behavior.

This book will help you understand that earning money and growing wealth isn't the same, how our upbringing shapes our financial habits, and that it’s not about having a high IQ and being a financial genius—it's about understanding risk, having patience, and managing greed and fear.

This is a must-read for anyone looking to understand the "why" behind your financial decisions.

Morgan is the GOAT finance writer, and I consider this book my money bible.

Peace,

Fifty Sat

P.S.

I’m always looking for new books to read. Reply to this email if you have any suggestions 🙂

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