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Are you one of those people who are not good at managing personal finances? If so, there are ways to improve it such as reading some of the best personal finance books. Not only teaching about what financial freedom is, these books will also enlighten your steps to reach that point. As well as presenting a variety of interesting tips and tricks. Here are some of the best must-read personal finance books.
Best! Here Are Some Books For Managing Personal Finances That You Must Read!
1.Best Overall: Why Didn’t They Teach Me This in School?
Author Cary Siegel first got the idea when he realized how insufficient schools were to teach his own children about handling money. This book takes young people up to speed when it comes to dealing with finances. You are never too old to master the 99 principles in this book.
Siegel has summarized them into eight broad lessons. They learn to manage your money so it doesn’t control you. And this book is very easy to digest with less than 200 pages. And also easy to understand by high school students.
2.Best Memoir: Rich Dad Poor Dad
Book written by Robert Kiyosaki and Sharon Lechter. In this book, Robert Kiyosaki tells the financial story of his ordinary father, as well as the father of his very rich friend. By reading Rich Dad Poor Dad, you will learn that financial education is very important to instill early on. Financial education in question includes investing in assets and property, starting a business, and how to develop it all in order to achieve financial freedom. You will learn how to stop working for money, but start ’employing money.
3.Best for Debt Management: The Total Money Makeover
This book tackles budget issues like marital difficulties and how to pay bills when your kids are going to college. This is not a get-rich-quick book. But Ramsey’s book provides a solid foundation for saving. So that emergencies in your next life will not interfere with your finances and you can retire comfortably.
4.Best for Building Wealth: The Automatic Millionaire
Presented with simplicity and detail, this book provides a one-step plan. At first, the book is almost fiction with a success story about a couple who earn modestly but still own two mortgage-free homes with significant retirement savings as well.
5.Best for Budgeting: Your Money or Your Life
The writers have boldly expressed the idea that living frugally will actually make you happier. Overall, it’s not about learning to budget but about living within your means by changing habits and enjoying life.
6.Best for Inspiration: The Millionaire Next Door
To truly understand how to amass wealth, business professors William D. Danko and Thomas J. Stanley explore seven common traits found among millionaires. After years of researching the rich, the author interestingly found that most of them don’t live in Beverly Hills or drive luxury cars. Instead, these people earned most of their wealth by working hard, living frugally, and saving most of their money. This bestselling book has entered its third edition since it was first published in 1998.
7.Best for Beginners: Broke Millennial
This book is targeted at people in their 20s and 30s who want to learn about finance. Author Erin Lowry makes things easy for young people who are overwhelmed and confused about debt and budgeting with this smart and motivating guide.
This book differs from other personal finance books by covering complex real-life situations involving money, from managing student loans to not being able to split bills with friends. This book offers a fun and enjoyable way of managing money for beginners.
8. Best Self-Help: You Are a Badass at Making Money
This book is honest and humorous, and you will recognize yourself and your own habits in its pages. It is based on Sincero’s personal experience as he emerged from his day to day life very, very well. This book is designed to help you break the financial habits that are holding you back. It also introduces you to some simple and easy-to-understand concepts that will help improve the way you handle money.
9.Best about Retiring Early: How to Retire Happy, Wild, and Free
How to Retire Happy, Wild, and Free offers inspiring advice on how to enjoy life to the fullest. The key to achieving an active and fulfilling retirement involves more than just having adequate financial resources. It also covers all aspects other life activities such as interesting leisure activities, creative activities, physical well-being, mental well-being, and strong social support.
10.Best for Women: Secrets of Six-Figure Women
In Secrets of Six-Figure Women, Barbara Stanny, journalist, motivational speaker, and financial educator, identifies seven key strategies that women have to deal with. They are profit motives, courage, resilience, drive, self-awareness, detachment, and how to know finances. This is the perfect book for working women who want to ensure their wealth and success while learning and getting inspired by other successful women.
11. The Financial Diet
The Financial Diet is a personal finance book aimed at people who don’t care about finances. People in this group need detoxification because they are too deeply buried in the forest. Not only that, Chelsea Fagan also explained how to manage the first salary. In short, this book is a tool for budgeting, understanding investments, and handling credit.
Chelsea Fagan is looking for more sources to broaden financial knowledge. For example, saving is not just about keeping money in the bank. There are smarter ways than that to set aside some of your income. Starting from the right way to fill the wardrobe, the food that should always be in the kitchen, the cost for hanging out, and much more.
12. Get a Financial Life
A revised and updated fourth edition of the New York Time bestseller. Get a Financial Life: Personal Finance in Your Twenties and Thirties is designed to guide young adults in managing personal finances. People in the age range of 20 to 30 more need knowledge to manage finances.
This age range is also called millennial, where at that age a person already has concerns about the economic crisis that will hit him. Not a few who survive the wrong way, for example borrowing for tuition fees, or dependents on high rent for housing. In order to be able to struggle in a limited economy, they should have this book as a companion.
13. Think and Grow Rich
This book by the legendary author Napoleon Hill is quite old, first published in 1937. Nonetheless, this classic theory of finance still provides timeless advice. This paper focuses on the mindset behind building wealth.
Presented in a unique way, which combines the stories of several nobles in the late 19th and early 20th centuries. Not only how to manage finances, this book can help someone in straightening their perspective, finding identity, or finding purpose in life. The style of this book is a little heavier, so many readers recommend reading and understanding this book many times. Many readers have achieved success after reading the works of Napoleon Hill.
14. When She Makes More
Currently, many successful women are found in their careers, but not a few also choose to become housewives after marriage. In connection with this, cases of depressed women have emerged. The reason is none other than household finances that do not match the shadow. Worst case scenario, this condition can lead to infidelity to divorce.
Through When She Makes More: 10 Rules for Breadwinning Women, Farnoosh Torabi presents stories of women dealing with imbalanced relationships due to financial problems. Even housewives must have basic knowledge of managing their husband’s salary. This book is perfect for single and married women to read.
Those are some of the best book recommendations for managing personal finances. To improve managing finances, especially personal finances, there are many things that must be done and one of them is reading books.