5 Best Personal finance books

RICH DAD POOR DAD

Since its debut in 1997, Robert T. Kiyosaki’s “Rich Dad, Poor Dad is a landmark among personal finance books, a best-seller that has sold millions of copies worldwide. Rich Dad Poor Dad has been inspirational to many people.

This small book completely changes the way you looked at money, income, jobs, wealth creation, etc. The book does a good job of teaching how to think or relook about work, money, education. Take what Robert Kiyosaki says with a grain of salt. It should be read, if not for the motivation, just to get you to think differently than a salaried employee.
If you want to get inspired in life you should read these books

There is a word which is emphasized more in the whole book is “Rat Race”. Rat Race is nothing but a cycle most of the people are following it. The cycle is getting up, going to work, earn money pay bill again getting up going to work, earn money and pay bills. This cycle keeps on moving continuously. Even If the income of the professional rises but still they do repeat the same cycle but they increased their spending more.

THE MILLIONAIRE NEXT DOOR

Have you ever met someone or know someone in your family who never appeared to be wealthy? But at some point, you find out they are financially free or have a ridiculous amount of money saved?

That’s what The Millionaire Next Door explores, the people you least expect to be millionaires and how they got there by living below their means.

The fact is, most people who are wealthy can be your neighbor in a modest suburban neighbor. The book explores this and the common characteristics of those who obtained wealth.

Another one of my favorite personal finance books and it’s quite an easy read. But just like Rich Dad, Poor Dad, there is a lot of knowledge and perspective you’ll come away with.

“THE 4-HOUR WORKWEEK”

This book helped me a lot. Another one you might recognize and also not all necessarily about personal finance. However, this was the second book I read when I had just started getting into personal finance.

Timothy Ferriss, nominated as one of Fast Company’s “Most Innovative Business People of 2007,” is the author of the #1 New York Times, Wall Street Journal, and BusinessWeek bestseller, The 4-Hour Workweek, which has been sold into 33 languages.

This book–by New York Times Bestseller Tim Ferris–covers how to escape the rat race and how earning a monthly five-figure income with zero management is possible. It also talks about Ferris’s personal life changes to achieve that status and this updated version includes a lot of new material and case studies.

It teaches you a lot about productivity, and since reading this book, I’ve become a productivity nut and have applied a lot of the strategies that Tim suggests in this book in my life, to my business. And it’s had a dramatic impact.

The other thing though that you learn from it is Tim thinks way outside the box, and even now, a lot of the strategies here are still way, way, way outside the box. And you don’t even realize that some of these things are possible. That was what I was so excited and interested in reading from him.

But it challenges you to think differently. It challenges you to step outside your comfort zone. It challenges you to look for other ways to accomplish a goal that you may not have ever thought possible

“THINK AND GROW RICH”

Think and Grow Rich, I’ve been slacking on reading this but based on the feedback I’ve gotten about it, this is a must in your personal finance collection.

In Think and Grow Rich, author Napoleon Hill draws on stories of Andrew and other millionaires of his generation to illustrate his principles. This book will show you not only what to do to build wealth but how to do it. Once you learn and apply the basic techniques, you will have mastered the secret of true and lasting success.

You ask 10 people around you what they want in their life. The answer will vary from Financial freedom, New house, a Better job, etc. These broad terms answers will have no definite plan to achieve what they want but many of us wouldn’t know how to do it. If you have the same wish and dream but don’t know how to do it, then this book is for you.

Napoleon Hill wrote this book as he was inspired by more than 500 business magnates of that time and later with Andrew Carnegie.

“THE INTELLIGENT INVESTOR”

This is an advanced level book compared to other books mentioned above. Readers need to have basic knowledge of the market before getting this book and reading it.

This is not a get rich quick or stock flipping book. This is another big book, but if you are interested in individual stock investing then this a must to add to your collection.

The main premise is if you are investing in an individual stock, you are buying a piece of the company and should be investing for the long haul. Always make your own rules on how to become rich.

 I don’t think most people should be investing in individual stocks. You are exposed to more risk and should really read up (like this book) before even considering getting started.

Here are key lessons from Graham’s book, to help you start investing:

  1. An intelligent investor always analyzes the long-term evolution and management principles of a company before investing.
  2. An intelligent investor always protects him- or herself from losses by diversifying investments.
  3. An intelligent investor never looks for crazy profits but focuses on safe and steady returns.
  4. Never trust Mr. Market.
  5. Stick to a strict formula, and you’ll do fine.
Please follow and like us:
error

Join the Conversation

9 Comments

  1. I read the blog, and started reading Rich dad and Poor dad. It is a quite interesting book and deserves first choice

Leave a comment

Your email address will not be published. Required fields are marked *