There are many life lessons that an individual has to learn by himself. Modern formal education is not capable enough to teach those lessons to its students. One such lesson is regarding money and finance. Maybe in the future, formal education will teach about financial growth to students but as of now, one has to learn such matters by himself. Books are an excellent self-help guide to begin with. Books help a novice by providing a blueprint and a roadmap on how to begin with any task/project. Not only for a beginner but also for someone who has traveled several learning miles in his growth journey, books are always ready to guide the individual.
Here we present a list and brief crux of the 8 best books on financial matters. Have a good read!
1. Rich Dad Poor Dad by Robert T. Kiyosaki
This book describes the personal experience of the author with two different fathers, one his own father(Poor Dad) and one his friend’s(Rich Dad). This book teaches the reader about financial literacy, creating wealth and achieving financial freedom. It lays emphasis on creating wealth by investing in assets, real estates, businesses, etc. As one goes through the book, he starts implementing the lessons learnt simultaneously. You should definitely give it a try.
2. The Richest Man In Babylon by George S. Clason
The universal laws of money and wealth has been the same from the time immemorial. This has been testified multiple times throughout the history of the mankind. This book brings forth the principles of money making, those have also been an integral part of the ancient Babylonian civilization, through tales and stories from the times of ancient Babylon. The author, through his simple and to-the-point writing, keeps the reader engaged throughout the book. So don’t wait and learn the timeless ancient knowledge of the Babylon. We’re sure this book will find a permanent spot in your bookshelf once you go through it.
3. Money: Master the Game by Tony Robbins
The writer interviewed many of the best billionaire investors and other prominent figures. Based on his research, knowledge and experience, he offers to his readers seven simple steps to financial freedom. He has dedicated almost a decade for the research to write this book. He has included almost everything in the book. Be it the savings tips or money mindset or investing, this book contains almost every significant strategy. If you want to learn more, get your copy now. The lessons in the book are worth your money invested in buying the book.
4. Think And Grow Rich by Napoleon Hill
Napoleon Hill presents a classic self-help book that focuses on the use of optimistic thinking, perseverance and concentration, etc. to create wealth. He says that one should desire big enough to bring big results. For over two decades, he observed and studied hundreds of people and compiled a set of 13 most common habits of successful people. First published in 1937, millions of copies have been sold till date. If you are a beginner, this could be the book you are searching for.
5. The Millionaire Next Door by Thomas J. Stanley
This book explains how inculcating simple saving and expenditure habits can create wealth way more than what you think. The author also advocates living below one’s means. This book will probably change the way you manage money and savings. Over many millions of copies sold, this book has helped millions of people manage their money and significantly improved their financial condition. So if you are also thinking of financial planning, we highly recommend this book.
6. The Psychology Of Money by Morgan Housel
There is an intricate relationship between wealth and human nature and this relationship indeed, decides the financial position of any individual. This book explores the said relationship and thus explains in detail how our thoughts and feelings towards money matters affect our overall wealth. From savings and spending to exponential growth and compound effect, this book provides the reader a detailed insight of many crucial lessons.
7. The Intelligent Investor by Benjamin Graham
First published in 1949 and written by “The Father Of Value Investing” Benjamin Graham, this book is an absolute masterpiece when it comes to learning how to invest. The author emphasises on research rather than impulses and guesswork, knowing the value of a business rather than over viewing. The reader is engaged throughout the book while simultaneously applying the valuable lessons on beating the market. Even Warren Buffett calls this book as one of the best books ever written on investing.
8. The Total Money Makeover by Dave Ramsey
If you are stuck somewhere in financial matters, then this book is an excellent self-help guide as it provides a step-by-step plan to get out of debt and hence create wealth. Moreover, it is filled with a number of practical suggestions that anyone can apply in their lives. Eliminating debt, paying in cash, emergency funds, proper investment, etc. are some of the key lessons of this book. Go for it and see how it becomes one of your favorite self-help books in your bookshelf.
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