He says that having financial literacy means a broad understanding of accounting and investing and knowing the markets and the law.Įach chapter ends with a “Study Session,” which reviews the material and poses questions. Chapter 2 questions the “American dream” of house ownership by spelling out Kiyosaki’s controversial argument that owning a house is a financial liability, not an asset, because paying for and maintaining it is a drain on finances, while Chapter 4 delves into the history of taxes and the power of corporations. Kiyosaki obviously took the “rich dad'' lessons to heart in co-writing what’s still considered, after 25 years, a top personal finance book. Kiyosaki's own father, who was a highly educated government employee his entire working life and a socialist. This conversational book-which considers being financially literate crucial to acquiring wealth-cites the lessons from a “rich dad,” a friend’s father who rises from humble beginnings to create a lucrative business and a capitalist, and a “poor dad,” Robert T. Accolades poured in for No Filter: It was named the best business book in 2020 by the Financial Times and McKinsey Business Book, and received equally effusive attention from Fortune, The Economist, Inc., and NPR.Īs any investor knows, it’s not how much money you make, but how much you keep-a main premise of Rich Dad Poor Dad, now published in a 20th anniversary edition. Silicon Valley’s workings are thoroughly reported, thanks to Frier’s extensive interviews with venture capitalists and tech executives and Instagram influencers and celebrities. Instagram comes out poorly, too, as its images of “perfect-looking” women caused some its followers to seek out cosmetic surgery, and opioids were sold through its site for several years. “Facebook was like the big sister that wants to dress you up for a party, but does not want you to be prettier than she is,” an unnamed former Instagram executive is quoted in the book. Systrom stayed on after the sale and tried to preserve the app’s initial intent of a way station for beautiful images, but he clashed with Zuckerberg, who wanted to grow Instagram, while keeping it from overshadowing the parent. In 2010, Instagram co-founders Mike Krieger and Systrom were coming to terms with the scope of their online creation, a social media app for photos and video that led Facebook co-founder Mark Zuckerberg to acquire it for $1 billion two years later. “If Facebook was about friendships, and Twitter was about opinions, then Instagram was about experiences- anyone could be interested in anyone’s visual experiences, anywhere in the world,” Frier writes in her tale of app envy among Silicon Valley leaders. She also takes us inside Facebook, especially profiling its co-founder Mark Zuckerberg, who Instagram's co-founder Kevin Systrom, called the most strategic thinker he's every met. A gripping read. Through her well-written and -reported prose, Frier, the Bloomberg editor in charge of Big Tech coverage, tackles the significance of social media-how it can alter the outcomes of elections, impact the self-esteem and behavior of followers who don't have the seemingly perfect lives of celebrities and influencers, and, generally, hurt society, when it professes to do the opposite. The title doesn't do the book justice, because it's so much more than a book about two smart tech guys creating a novel app and then selling it to Facebook. ranks as the best overall book on our list of fine finance books. Sarah Frier's No Filter: The Inside Story of Instagram. These books, written by authors of diverse backgrounds, offer the most comprehensive picture and the freshest insights to provide a broad perspective on the economy in these complicated and high-risk times and will help you make better financial choices. To help you sort through these offerings, we’ve put together a list of the best-everything from a biography, how-to’s on managing money and investments, a lively reference book about cryptocurrency, policies that impact economics, scandals and personalities laid bare, and the thinking behind decision-making in the stock market and other areas, as well as the all-time best book on negotiating. This large, complex print category has 100 categories and 200 sub-categories. Business is the second-highest category in print publishing after books about religion. Sales of business and economics print books reached a 10-year high, accounting for a quarter of all nonfiction unit volume and realized a 10% raise from 2021, according to the market research firm the NPD Group. There is no shortage of interest in finance books.