Wanting to get motivated or confused about how to start financial planning? According to research 85% of successful people read two or more finance books per month. If it works for them then maybe this simple strategy may work for you too. We have listed down some must-read finance books to help you get started!
“Think and Grow Rich” by Napoleon Hill
If you are looking for a timeless personal finance book this is a great book for you to read. This book is ideal for people who are looking for ways to get started. It’s a bestselling book that discusses how to start planning by setting how much money you want to earn and what your actual financial aim is. This book will also help you master your money and show how financial freedom can be achieved by changing your mindset.
Rich Dad Poor Dad by Robert Kiyosaki
It’s one of the best finance books out there. It’s about Robert’s story who grew up with two dads – his real father and the father of his best friend, his rich dad. He then discovers the ways in which both men shaped his thoughts about investing and money.
This book will also make you realise the difference between working for money and having your money work for you. If you are into books that let you know the power of passive income and the concept of assets & liabilities (I’ve read this book as well and I think the highlight is around assets & liabilities, SWOT analysis, etc), this book will help you.
How Rich People Think by Steve Siebold
This book has broken-down bite-sized chapters that provide insights into becoming wealthy. Steve has spent his 30 years interviewing 1,000 millionaires and billionaires to figure out what makes them different from the average people. He even recommends reading and concrete action steps to help ambitious young people build their own wealth.
The Little Book Of Common Sense Investing by John C. Bogle
If you are looking for a book that has the most effective ways to build wealth this book is suitable for you. John Bogle is the founder of Vanguard Group and is the creator of the world’s first index fund. He details the simplest and most efficient strategy: low-cost index funds. He also explains why these relatively straightforward vehicles can be so effective. In addition, this book is endorsed by Warren Buffett – a speaker, investor, philanthropist and CEO of Berkshire Hathaway.
These are just four books among plenty others but these actually explain the basics of finance and ‘psychological wallets’. We hope that these books will help you get started. There are no guarantees, of course. But if you want to be successful, you can start with them then you can move forward with how you think about money.