Are you a young adult? It is important to start investing early. Investing just a few years earlier could translate into tens of thousands, if not hundreds of thousands, of additional funds for your retirement nest egg.

However, just as it is imperative to invest early, it is also important to invest wisely. And so, the below five books can serve as a guide as they can provide indispensable business and finance insights for young investors.

“Rich Dad, Poor Dad” (2000) by Robert Kiyosaki
This classic is a must-read for young investors. Kiyosaki’s view is that the poor and middle class work for money, but the rich work to learn. He stresses the importance of financial literacy, and presents financial independence as the ultimate goal and a way to avoid the rat race of corporate America. The author points out that while accounting is important to learn, it can also be misleading. Banks label a house as an asset for the individual, but because of the required payments to keep it, it can really be a liability in terms of cash flow. Real assets add cash flow to your wallet. Kiyosaki advocates investments that produce periodic cash flow for the investor while providing upside in terms of equity value. Real estate and stocks that provide dividends are viewed favorably. The author advises that America’s educational system is designed to keep people working hard for the rest of their lives, and that the school system does a poor job of teaching people to create enough wealth so they won’t have to work anymore. Kiyosaki also highlights the importance of tax planning.

“The Essays of Warren Buffett: Lessons For Corporate America” (1997) by Warren Buffett
In his essays, Warren Buffett – widely considered to be modern history’s most successful investor – provides his views on a variety of topics important to corporate America and shareholders. Young investors can get a glimpse of the interface between a company’s management and its shareholders, as well as the thought processes involved in enhancing a company’s enterprise value.

Buffett’s essays include discussions on corporate governance, finance and investing, alternatives to common stock, mergers and acquisitions, accounting and valuation and accounting policy and tax matters. Buffett outlines his basic business principles, and as the steward of Berkshire Hathaway Inc. (BRK-A), informs the shareholders of the company that their mutual interests are aligned. He has a philosophy of bringing in talented managers at portfolio companies and leaving them alone. He advocates purchasing shares of businesses at times when these stocks are trading at a discount from their inherent value. He opposes following investing trends.

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