Invest in books (2024)

How many times we went out for a drink and we spent less than 10 bucks?

If you live in Portugal, you can drink a couple of beers with that or maybe two gin tonics but if you happen to live in UK or US maybe it’s just the price of one drink. The thing is, when we go out, we want to have fun, so it’s well spent money. We don’t need the math, we enjoy it and that’s great.

Turns out that a lot of people are a little more picky when it comes to buy books. I was like that. I thought twice when I saw a 20$ label in a book, I thought to myself : “It’s expensive for a book”.

This was some years ago, now I’m an avid reader, I try to read a book a month, sometimes I fail so end up reading 10–11 books per year, I realized the value of good book and how cheap they are. I buy almost all my books through Amazon.co.uk and if cheaper I always choose used ones, usually they are like new with some marks that actually make them “nicer”, I live in Portugal so I have to pay some extra money for shipping but all my books end up around £9 ( this is the price with shipping, if you live in UK, shipping is free for most of the books I’ve bought).

That’s a little more than 10$. I’ll give you some truth for the next time you look at a book’s price:

Books are one of the best investments you can make.

If it is a good book it will worth every penny. It will pay itself many times along your life. And you can keep it forever and read it many times you want, they won’t disappear like the drinks you bought last night. And you can even share it with someone who might benefit of reading it. So, you’ll be able not just to improve yourself but to help others with this new asset, without losing any money. What can you get for 20$ that is better than a good book?

I like to say that books are shortcuts to knowledge made by great people who found the time and will to share their knowledge with the world. Most of the times, telling their story, techniques, expertise, experience and advice, with us, the readers.

You can get years of knowledge by reading a single book.

It is then up to you to apply the concepts you’ve learned, but knowledge is there and you can get back to them whenever you need.

I’ll leave you with the quote of one known great reader, Warren Buffet.

I can’t remember what I paid for that first copy of The Intelligent Investor. Whatever the cost, it would underscore the truth of Ben’s adage: Price is what you pay; value is what you get. Of all the investments I ever made, buying Ben’s book was the best (except for my purchase of two marriage licenses).

Warren Buffet

Invest in books (2024)

FAQs

Invest in books? ›

As long as the book stays in good condition, the value of a rare book should only go up. But aside from vast knowledge being passed down, old books can be worth a bit of money.

Are books worth investing in? ›

As long as the book stays in good condition, the value of a rare book should only go up. But aside from vast knowledge being passed down, old books can be worth a bit of money.

What books will be valuable in the future? ›

7 rare books that could be worth a fortune
  • Harry Potter and the Philosopher's Stone by J.K. Rowling.
  • Bridget Jones's Diary by Helen Fielding.
  • The Great Gatsby by F. Scott Fitzgerald.
  • The Hobbit by J.R.R. Tolkien.
  • Trainspotting by Irvine Welsh.
  • Animal Farm by George Orwell.
  • Lord of the Flies by William Golding.
May 2, 2020

Do books sell well anymore? ›

Even with all of today's competing entertainment mediums, books are thankfully still in demand. While you may have other options to consider when it comes to selling your books online, here are a few benefits to selling books online: Get started with just a few books (no need for a large inventory)

Will books go up in value? ›

Yes, books can increase in value over time, especially if they are rare, in excellent condition, and highly sought after by collectors. However, not all books appreciate in value, as market trends and demand can fluctuate.

How can I invest $1000? ›

How to invest $1,000 right now — wherever you are on your financial journey
  1. Build an emergency fund. An emergency fund is crucial to your financial health. ...
  2. Pay down debt. ...
  3. Put it in a retirement plan. ...
  4. Open a certificate of deposit (CD) ...
  5. Invest in money market funds. ...
  6. Buy treasury bills. ...
  7. Invest in stocks. ...
  8. Use a robo-advisor.
Jul 31, 2023

How can I make money from books? ›

How to Make Money by Writing Books: 8 Tips for Success
  1. Write a lot, and to market. ...
  2. Polish your manuscript with an editor. ...
  3. Keep as many of the royalties as possible. ...
  4. Build up your author platform. ...
  5. Make your books accessible to more readers. ...
  6. Promote new releases as well as your backlist. ...
  7. Offer services related to your product.
Sep 1, 2023

Are books still profitable? ›

So yes, publishing books CAN be profitable. However, is this available for everyone who travels the traditional publishing route, or just a few outliers? Then we look at self-published authors who boast eBook royalties as high as 70%. Forbes even published an article about Amazon paying an author $450,000 per year!

What is the number 1 rule investing? ›

Rule 1: Never Lose Money

But, in fact, events can transpire that can cause an investor to forget this rule.

What is the smartest way to start investing? ›

Here are five steps to start investing this year:
  1. Start investing as early as possible. Investing when you're young is one of the best ways to see solid returns on your money. ...
  2. Decide how much to invest. ...
  3. Open an investment account. ...
  4. Pick an investment strategy. ...
  5. Understand your investment options.
Aug 31, 2023

What are most profitable investments? ›

Stocks generally offer a larger potential return on your investment than lower-risk investments like government bonds, but also may expose your money to higher levels of volatility. Best for: Investors with a well-diversified portfolio who are willing to take on a little more risk.

Which books are in high demand? ›

  • PW Physics Med Easy Notes | Notes, Formulas, Mnemonics, Tips & Tricks for NEET/JEE & Board Exams | MR Sir Physics Handwritten Notes. ...
  • The Psychology Of Money. ...
  • Don't Believe Everything You Think (English) ...
  • Shrimad Bhagwat Geeta Yatharoop. ...
  • Atomic Habits. ...
  • The Power of Your Subconscious Mind.

What kind of books are in demand now? ›

Trending Book Genres
  • Romance. The genre has one of the most faithful readerships. ...
  • Mystery. This genre churns out bestsellers, series, and standalone books. ...
  • Fantasy and Science Fiction. These two genres seem to be distant but are still closely related. ...
  • Young Adult. ...
  • Pandemic. ...
  • Artificial Intelligence (AI) ...
  • Women.

What is the most useful book ever? ›

The 6 Most Useful Books I've Ever Read
  • Contents.
  • The Nature of Personal Reality by Jane Roberts.
  • Getting More by Stuart Diamond.
  • Public Opinion by Walter Lippmann.
  • The Propaganda Techniques by Ponk Vonsydow.
  • The Science of Getting Rich by Wallace D. Wattles.
  • No More Mr. Nice Guy! by Robert A. Glover.
Jun 9, 2021

Are books a good source of income? ›

Writing a book can be a great way to diversify your income stream for several reasons: Passive Income: Writing a book can provide a steady stream of passive income, which means that once the book is written, it can continue to generate income without any additional work on your part.

Is it better to buy books or borrow? ›

Buy the ones you know you're going to read again. Borrowing is a great way to experiment and it's free and local, and you can always go back and borrow the book again. Further, you're supporting your local library! I say, spend money when it feels right and fall back on the library cause its your best friend.

Do books help you make money? ›

You might think there's nothing better than getting lost in a good book. But it's actually possible to spend your time absorbed in your favourite stories and get paid for it. From joining BookTok, to starting a literary blog, to narrating audiobooks, there are so many ways to make money from reading.

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