Reading books on finance could help you get rich and structure your financial life appropriately. Here are some books that will be ideal for helping you invest and manage your money.
1. Your Money or Your Life by Vicky Robin and Joe Dominguez
“If you live for having it all, what you have is never enough.”
Many people do not set priorities on how they run their expenses. However Your money or Your Life puts the concept of time is money on a literal sense where you have to set priorities, seek passive income and pursue financial independence.
2. I Will Teach You to be Rich by Ramit Sethi
“There is a limit to how much you can cut but there is no limit to how much you can earn.”
This book tutors people who are under 30 and making a decent living how to become masters of their money with the least amount of effort. Spending recklessly seems to be common among youths but following Sethi’s serious six-week personal finance program can put you in the right direction.
3. The Random Walk Guide to Investing by Burton Malkiel
“Trust in time, rather than timing.”
This book is not complex or filled with investing jargon. If you are a beginner and need sound financial principles on how to invest your money, this book is great for you.
4. Financially Fearless: The LearnVest Program For Taking Control Of Your Money by Alexa Von Tobel
“Clearly, having money doesn’t mean you’re immune to money stress. Not for nothing did Notorious B.I.G. coin “Mo Money Mo Problems.”
This book is great for young people. Alexa Von Tobel, founder and CEO of Learnvest shares her experience on how she helps her clients make more meticulous planning with their finances. If you are the analytic type, “Financially Fearless” has worksheets in the book, and LearnVest’s online offerings and app.
5. The Automatic Millionaire by David Bach
“Please trust me on this. Nothing will help you achieve wealth until you decide to Pay Yourself First. Nothing.”
The system David Bach’s recommends in this book offers you an automated approach to managing your personal finances. He provides a strategic solution that makes handling your finances less cumbersome.
6. The Paradox of Choice by Barry Schwartz
“Focus on what makes you happy, and do what gives meaning to your life”
What makes us less happy is that we are presented with so many choices. According to Barry Shwartz we are better of making a decision when we have two choices for a product rather than twenty.
7. Why Smart People Make Big Money Mistakes (and How to Correct Them) by Gary Belsky and Thomas Gilovich
“Would I buy this today, at this price?” If not, you may not want to own it any longer.”
The use of anecdotes in this book looks at the mental mistakes that cause people to spend more than they are supposed to. Reading this book will help you understand the psychological obstacles on wealth and how you can avoid them.
8. Work Less, Live More: The Way to Semi-Retirement by Bob Clyatt
Bob Clyatt in this book helps you uncover how you can retire from your job before the traditional retirement age of 65. He suggests techniques such as living on less, putting your investment on autopilot, and more.
9. How to Get Out of Debt, Stay Out of Debt, and Live Prosperously by Jerrold Mundis
“Do what you can, with what you have.”
The book centers on the principles of Debtors Anonymous. Real stories from real people are contained in this book on how you can win against the horror of being in compulsive debt.
10. You’re So Money: Live Rich, Even When You’re Not by Farnoosh Torabi
“Splurge when it makes sense.”
Farnoosh explains how you can spend money without going into debt or draining the bank. She suggests how you can make extra income or find ways to balance your account even you have spent more money than you should have done.
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