8 Books to Begin your Financial Literacy

 

 

You don’t just need money to build an empire. Even if one has millions, in cash or bank account, whats’ left is a RIGHT place to invest it, at a RIGHT time along with RIGHT insurance and with the RIGHT strategy. And all these RIGHT’s only come from great knowledge and learning (usually from financial education books). Many business books have built an outstanding reputation over the years by providing value and mind-opening education to its readers.

Here we have collected some of the best financial education books for beginners to tune up their financial IQ and shape their lives to inspire themselves for greater financial success.

Rich Dad, Poor Dad” by Robert T. Kiyosaki

Rich Dad, Poor Dad, is arguably the most insightful book that changes the way people should look at investments and employment. In this book, using the example of 2 different men and their mindsets towards money(his dad and friends dad), Robert T. Kiyosaki teaches how to develop a correct perspective about economic success. This book provides insights into why you should invest more than how.

Robert Kiyosaki continues these insights and his famous cash-flow diagrams in a series of Rich Dad books that teach us the importance of financial education. Few of the other books are Unfair Advantage and Rich Dad’s Cash Flow Quadrant.

The Millionaire Next Door” by Thomas J Stanley & William D Danko

Stanley and Danko interviewed many millionaires in an effort to find a common denominator among wealthy people. After obtaining their views and comprehensive analysis, they laid out seven simple rules to follow so that anyone can accumulate wealth on a regular salary.

According to the book, the rich budget, live below their means and allow their grown-up children to success independently. It describes the habits of a real millionaire instead of those who look like a millionaire but arent. It shows how to solve the investing equation on saving, earning money and developing good habits from the very beginning.

The Richest Man in Babylon” by George S. Clason

The Rich Man in Babylon is a classic financial book, which shows how principles of financial education were same even 1000 years ago. The book consists of different short stories( or parables) of Babylonian times describing principles and personal finance lessons those people adopted to gather prosperity and personal wealth.

This book holds the secrets to keeping your money—and making more. May they prove for you a sure key to gratifying financial progress.

“This is a good one for a young person who is trying to figure out how to be financially secure,” Hanson said.

Think and Grow Rich” by Napoleon Hill

“Think and Grow Rich” comes from the motivational section, which describes timeless principles of personal achievement from various successful people including Andrew Carnegie, Thomas Edison, Henry Ford.

Written just after the great depression of 1929, this book was the end product of nearly two decades of research conducted by Napoleon Hill. His research included interviewing over five hundred successful people which revealed the priceless wisdom in the form of the thirteen steps to success. Think and Grow Rich shows you what to do and how to do it. Once you learn and apply the simple, basic techniques revealed in the book, you have the potential to master the secret of real and lasting success that brings fortunes.

I Will Teach You To Be Rich” by Ramit Sethi

True to the title, Ramit Sethi lays out a severe six-week personal finance program for 20-to35-year-olds on how to master their money with least amount of efforts and building a roadmap for rest of their lives.

What makes this book different is straight sets of to-do and a non-fluent write-up from Ramit.

“Unshakeable” by Tony Robbins

Tony Robbins initially wrote “Money: Master the Game,” which was a how-to guide to achieving financial freedom. But in 2017, we summarized his wisdom and offered various easy to implement steps on how to protect and preserve investments while maximizing wealth.

Market corrections are as constant as seasons are in nature. “Unshakeable” talks about the importance of investing, risk to reward ration, diversification, and psychology of wealth. If you either do not understand how the market works or do not want to be played out financially, This book is for you.

Secrets of the Millionaire Mind” by T. Harv Eker

“Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth” explains how people are conditioned to think and act about money and what strategies and plans you need to build your mental money blueprint and reach financial success. This book taps into differences between how wealthy, middle-class, and poor people think, and provide the various actionable attitude changes that you should adopt permanently changes your financial life.

Total Money Makeover” by David Ramsey

Ramsey has published several personal finance books, as well as classes, workbooks, and a podcast. But this is his most notable contribution, with two years on the New York Times Best Seller list and 5 million copies sold. His advice is collected into seven easy steps, which will help you get and stay out of debt, invest, save, increase your cash flow, and change your attitude about money. The exercises and activities inside make following his steps out of debt and toward security easy.