Remember how at the start of the year you set glowing personal finance goals? Well, most of us did. You know, set personal finance goals inspired by the dawn of a new year or the dent in our accounts from holiday spending? I will save more. I will budget. I will invest. Sounds familiar? Unfortunately, most of these goals become a memory long before the holiday dust settles. Why can’t we just get a grip on our finances? More importantly, how? Educating yourself on personal finance is the key to meeting these goals. A great start to this enlightening journey is begin by looking at the 7 must read personal finance books.
7 Must Read Personal Finance Books
‘Rich Dad Poor Dad’ by Robert Kiyosaki
This book features starkly as the leading book on the list of must read personal finance books and rightly so. In ‘rich dad poor dad’, Robert Kiyosaki reminisces of his childhood with a poor biological dad and a rich dad by association. He gives insight into the importance of teaching money matters to your child. In so doing, they have a right foundation of generating wealth in their most productive years. This book also indicates that creation of wealth is possible even if your bank account isn’t laden with money at the moment.
‘The Money Book for the Young, Fabulous and Broke’ by Suze Orman
Are you a young person that has to deal with money issues for the first time in your life? If yes, then this book is for you. This book covers the basics of financing in a manner that doesn’t make you feel you are out of time. Or haven’t you been plagued with personal finance books that scream retirement? Orman, however, offers tips on issues such as student loans, insurance and the first financial plans in life.
‘The Richest Man in Babylon’ by George S. Clason
This book is a classic gem in personal finance as evidenced by its glory as a best-seller. Clason covers personal finance in a manner that is easily digestible based on Babylonian principles. It shines a spotlight on the value of hard work, the ills of procrastination and the essence of self-discipline. If you need to rejuvenate your thought process, then you must read this book on personal finance.
‘The Millionaire Next Door: The Surprising Secrets of America’s Wealthy’ by Thomas J. Stanley and William D. Danko
When we think of millionaires we often think of flashy lifestyles. But have you looked at Steve jobs and Mark Zuckerberg? Rich people have accumulated their wealth by blending good investment and modest living. This book provides seven traits that the rich share. Traits on personal finance that you must read to facilitate an honest self-evaluation of your financial habits.
‘The Index Card: Why Personal Finance Doesn’t Have to be Complicated’ by Helaine Olen
If you are just starting out and need to control your finance you must read this personal finance book. These book offers easy and logical money habits that fit on an index card such as saving a percentage of your income. Easy, right?
‘The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money’ by Carl Richards
Have you ever made money mistakes that you later felt were senseless? Relax, you are in good company. Richards explains that our behavior could be dooming our financial success. The books explains the costs of mistakes such as trying to keep up with joneses. The result is we buy things we don’t need.
‘The Money Class: Learn to Create your New American Dream’ by Suze Orman
Do you need to make sound financial decisions? Then this book is for you. Well, it’s for everybody irrespective of age or income potential. Orman shows you common mistakes and conducts a cost-benefit analysis of financial decisions.
Final Thoughts
Most people shy away from learning about personal finance due to the complexity of books. However, with these 7 must read personal finance books you will not only enjoy the books but also be inspired to see the achievement of your personal finance goals!
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Calvin
Thursday 19th of April 2018
Haven't heard of these ones, but I do hear there are quite a few that are buzzzing around. I have a few at home.