When it comes to financial management, many of us are self-taught.
That’s because most educational curriculums don’t cover personal finance.
It’s no wonder many adults today turn to online resources and books to learn more about Retirement Planning, Banking, Mortgages, Investing and beyond.
Books that teach the art of money offer an affordable way of learning the ins and outs of Personal Finance. You can get many of these books for free through your local library services.
Also, by reading a book, you consume a significant amount of research in a relatively short amount of time, and it’s a proven way to improve your skills.
|“A formal education will make you a living; self-education will make you a fortune.” — Jim Rohn
The only problem is that there are thousands of money books in the market, and more are published every day.
A quick search for “Money Books” in Amazon yields over 100,000 results, so how do you pick what to read? Well, I did the hard work for you.
In this article, I’ll share 4 money books that have made an impact on my life. This list aims to provide you with the knowledge you need to feel empowered to regain control of your finances.
Think and Grow Rich was the first book I ever read about money, and it still holds a special place in my heart.
Napoleon Hill’s writing career started at the tender age of 13, when he appointed himself as a “mountain newspaper reporter” in West County, Virginia.
In the years that followed, Hill studied the habits and mindsets of more than 40 millionaires to pen this book and impart that knowledge to you.
Since its first publication in 1937, over 100 million copies of this finance success classic have been sold worldwide.
This #1 New York Times bestseller has challenged and changed the way millions of people around the globe think about money.
The author tells his personal story and takes the example of his two dads – his birth father (poor dad) and his best friend’s dad (rich dad).
One dad believes in the principle of studying hard, getting a good job then earning a high income, while the other believes in making your money work for you. The book shows us the different perspectives the two dads had and lets us see how the decisions we make now can greatly impact our future lives.
Rich Dad Poor Dad offers money education to help you learn about cash flow, investing, and business building.
I recommend this book if you’re looking for beginner investing and money management advice. Sethi echoes that to be rich, you don’t have to be perfect or the smartest person in the room.
This book was first published in 2009, but the principles unearthed in it hold true.
Sethi introduces the concept of building a “Rich Life” for yourself and how to recognize and get over your money hang-ups.
It begins with the basics of setting up no-fee, high-interest bank accounts, through to handling student loans, investing, and even paying for your wedding.
If you’re a young adult looking to get rich, you’ll benefit from this book because the advice given is straightforward and actionable.
Ready to take your portfolio management a notch higher?
This book describes Graham’s philosophy of “value investing,” in which investors pick stocks that appear to be trading for less than their intrinsic value.
Benjamin Graham (1894-1976) was a British-born American Economist and Seasoned Investor.
Widely regarded as “the father of value investing,” Graham began teaching this investment approach at Columbia Business School in 1928.
The Intelligent Investor, considered the stock market bible since 1949 when it was first published, has since been revised with insights for modern investors.
The book has been endorsed by many successful investors, including Warren Buffet, who dubbed it the best book on investing ever written.
I recommend it to intermediate to professional investors.
So there it is! My favourite money books.
A good book can offer fundamental knowledge and expert insights that can help achieve financial freedom.