Top 5 Financial Books You Must Read
The world of today is witnessing a high degree of economic volatility, where investors, financers and traders all are seeking for financial independence.
How it would be great to learn about your finances and its management in the most interesting manner as simple as reading a book. Yes! You read it correctly. Today, we have come up with top 5 financial books to read which will introduce you with the essentials of finance and to manage them in the best possible manner.
Rich Dad Poor Dad
Rich Dad Poor Dad by Robert Kiyosaki, is one of the bestseller books. The book with its every chapter would allow you to learn something from basics to advance of finance. Each chapter is dominating over other, which at the end would provide you different perspectives to take major financial decisions.
The book has a very fine foundational approach stands at the principle of being financial literate is the key to acquire wealth. Complex concepts described in simplest explanations would make you fall in love with this book. The book remained for nearly seven years on the New York Times bestseller list.
Psychology of Money
One of the most interesting books, Psychology of money is a short descriptive book with short 19 lessons you can go through it in a breeze. It is an excellent excerpt written finely to bring a psychological perspective towards money. It talks about how people react to money and how their psychological actions like ego, pride, greed and insecurities lead towards loss, loss of money.
Author Morgan Housel, wants the readers to behave properly with money as it is not so easier to teach. Besides that, the book also emphasized more on Savings which is an essential part of achieving financial independence. Overall, it is a good read.
The Intelligent Investor
Written by Benjamin Graham, the book is a reputed version written on value investing. Full of tactics and strategies on how to use Value investing in stock market for better returns. Comprises of everything what investment entails, the book teaches about which stocks to buy, how to buy, for how long to hold them and when to sell them.
Apart from it, it also specifies strategies according to the various possible scenarios. It is also a great guiding light focusing upon how an investor should control his/her emotions during market volatility. A must to read book. As define by the Warren Buffet – “By far the best book on investing ever written.”
Think and Grow Rich
Authored by Napoleon Hill, best known for his global bestseller-Think and Grow Rich. The book based on the principle of -Whatever the mind can conceive and believe, the mind can achieve. Change starts from our mind and then turn into reality by our actions.
This book is highly made for those who are having a bad time in life – financially. It brings out the real-life examples of people from Edison to Fords, who started from zero, pockets filled with struggles and became everything from famous scientist to inventors, economist to entrepreneur and many more.
The book is indeed about being rich but not only with wealth but in health, family, love and your sub-consciousness. Highly Recommended!
The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
Authored by Thomas J. Stanley and William D. Danko, are the American finance professors who did research on America’s Elite population. The book highlights the importance of investing more than spending. If you want to control your expenses and looking for financial choices, this book is for you. The book does not contain money-making essentials, it is more about conservation and consumption.
This edition is all about saving and investing but most importantly about Living. It is also present a perspective on millionaires who believe in financial independence rather than showing a socially high status. Living frugally, saving, investing, adoring and appreciating good deeds ended up people becoming millionaire in future.
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