Books are a perfect resource if we want to enhance our knowledge on particular topic. These top 5 financial books to read (under-mentioned) are on personal finance and they help us big time in day-to-day basis. They explore the ideas of money on a deeper level and lets us give ways on how to get richer.
Review of rich dad poor dad – this book has been written by Robert T Kiyosaki. It is a very good book on self-help which teaches about the management of money. It gives knowledge of money and says what the rich teaches about money to their children and poor doesn’t. There are two dad’s in the book, one is rich dad and one is poor dad.
And the book presents a contrast between rich dad and poor dad. He says we don’t have 1% knowledge of how money works for us. He says instead of doing 9 to 5 job, one should build a passive income. He knows the art of how to make money works for him. He talks about assets and liabilities and also tells us why we can’t depend on school system to teach children about money. This book is amongst the top 5 financial books to read.
He also challenges the conventional mind and encourages innovative thinking. Also, he says it doesn’t depend on how much you earn but it relies on how much you manage, grow and invest. He talks about entrepreneurship skills, asset accumulation and financial literacy for wealth generation and its effect on economy. He also talks about financial independence, financial freedom and great financial mindset. Master your future with key learnings, a financial safety net, financial freedom and takeaways from Rich dad, Poor dad. This book is a perfect example of how to utilise your money and use it wisely.
The psychology of money
This book is written by Morgan Housel. This is a self-help book based on money. It is helpful for those people who are interested in investing. People are interested in this book and knowing about it more on social media. How one behaves with money and more concepts of money are covered in the psychology of money. The author talks about management of money. He says happiness is more important than money. This book is recommended amongst top 5 books to read.
Author says risk and luck both are related to money and invest for long time. On the basis of life experiences, people behave with money. Invest so much as you can get better sleep and maintain margin of safety. Getting wealthy is easy but staying wealthy is difficult. He talks about money market and how it crashes in 70’s, 80’s and then growth comes. He particularly talks about economy of America. He also stressed upon the fact that compounding is a big factor when it comes to multiplying your money. Interest is reinvested and growth happens over time.
Think and grow rich
Think and grow rich is written by Napoleon hill. It is a timeless classic and an excellent book. The author states one must have a deep desire to reach goals and take action. Be persistent in your approach. There must be good self-talk and self motivated. You must be dreamy about the success and destination. Be positive always. Surround oneself with smart people and share the vision. Let go of negativity and listen to the guy feelings.
Take big decisions after learning details and being wise about money and overall. Think about imagination and for future good – planning is necessary at all levels. One has to trap the future while planning it for better causes and better life. It is about dreaming and with persistence, making money dreams come true. It is about law of attraction and writing everything down on a piece of paper- so that you can imagine this and it becomes achievable. It is a great book which comes under top 5 financial books to read.
Good money revolution
Good money revolution is written by Derrick Kinney. The author tied the knots of book with meaning and purpose of money with generosity and attached it’s significance through making a positive impact on society. Some people say it’s too promotional and very simple for advance financial concepts. The book focuses on personal finance. It also focuses on shifts in mindset, saving, debt and investment. It is an excellent book which ties money to cause or movement rather than just creating wealth.
The $100 startup
This book is written by Chris Guillibeau. He gives advice on small business and why starting small business is a good idea at the end of the day. Also, he advices on small startups and many personal stories to add up to example. He says having a small business is like having total freedom and also it pays the bills. It comes under top 5 financial books to read. These books collectively cover financial mindset, long-term financial planning, entrepreneurship, and purposeful wealth
To wrap up
There is lot to learn in finance and money. Everything is related to money would not be an understatement. These books lets us explore the concepts of money in real sense of the word. It is a daily requirement and a reminder that money should be used wisely.