Reading books gives knowledge and makes one wise, just as food is good to the body, so are great books to the brain. financial books are one of the most valuable books to read, they reveal to you the secrets of successful people, how they accumulate massive wealth, and acquired multiple streams of income. In reading their books, you will be able to learn how to plan your finance, cut unnecessary expenses that will land you into debt and financial bondage.
One of the deficiencies of our educational system is that we are taught how to attain skills and knowledge in various professions, skills that will make you become an employee instead of an employer of labor hence has books of various disciplines in the library with little or no financial books available for you to read.
In today’s world, you need good knowledge about finance to make money and create wealth, you are either accumulating assets or creating liabilities for yourself. Most people see finance as just money, but it goes beyond that, finance is the ability to read numbers, interpret and manipulate it to your advantage. for you to become a financial expert, here are the few books you must read.
1. Rich Dad Poor Dad (Robert T Kiyosaki)
In this Book, Robert narrates his experience with is two Dad, The Rich one, and the poor one. One Dad recommends him to study hard so he can find a good company to work for, the other recommends him to study hard so that he can find a good company to buy. One said when it comes to money, play it safe, don’t take risks, the other told him to learn to manage risks. There is a difference between the poor and the rich being poor and being broke, broke is temporary, poor is eternal. Being a product of two strong dads allowed Robert the luxury of observing the effect different thought has on one’s life.
2.Think and Grow Rich (Napoleon Hills)
written by Napoleon Hills, this book conveys the experience of more than 500 men of great wealth who began at scratch, with nothing to give in return for riches except thought, ideas, and organized plans. here, you have the entire philosophy of money making just as it was organized from the actual achievement of the most successful men known to the American people during the past fifty years. The book reveals to you what to do and how to do it, in this volume will be found the thirteen principles of money-making essential to every person who accumulates sufficient money to guarantee financial independence. money and material things are essential for freedom of body and mind.
3. Rat Race Escape Plan (Andy Tanner)
Rat Race is a situation in which one day, you wake up and feel as if you are trapped by your circumstances, it’s a frustrating hard-to-break lifestyle that usually forces you to stay in jobs you don’t always enjoy, tied to the multitude of financial obligation hanging over you, the mortgage rent, medical bills, filling the car up, braces for the kids, daycare, groceries and so much more. in this book, Andy Tanner will be revealing to you, the various strategies and plan to escape the Rat Race Trap and gain financial freedom.
4. Your Money or Your Life ( Vick Robin and Joe Dominguez)
Your Money or your life offers everyone regardless of class, background, or history a simple and accessible pathway to economic health, recovery, and resilience. for well over a decade, this book has been the blueprint for achieving financial independence, as we enter hard economic times, this visionary book provides eminently pragmatic and effective maps to reduce the costs of your life and increase your saving net. your money or your life is a personal path to fiscal saving sanity, stability, and security if you follow it’s heed, your life will be richer many times over, whatever the stock market does or does not do.
5. Why Didn’t They Teach Me This in School? (Carey Siegel)
This is one of my favorite financial books, it taught me that academic intelligence is completely different from financial intelligence, you can be intelligent and still be broke.
Although Carey was fortunate to attend an exceptional high school, college, and business school, none of these schools provided him with even a cursory understanding of personal money management.
This is amazing because he attended one of the top business schools in the country and graduated
with a finance concentration. Thus, nothing you will read in this book comes from a textbook. It comes from the experiences he had and the events he witnessed over time.
It still amazes me that high schools and colleges don’t make personal money management courses mandatory. Young adults go out into the world as versed in this area as they were when they were infants. Yet, being able to manage your finances is essential to the long-term success of anyone entering any occupation.