Recommended Personal Finance Books

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Introduction:

Most people in today’s world work really hard to earn their bread and butter or to sustain their livelihood. Even after working so hard we do not have a lot of extra cash and so we need to efficiently manage the money we earn. However, not too many people can do so and in fact, many people end up spending their entire salaries in a short period of time, even before the month ends.

Thus, it is necessary to have a good understanding of personal  finance  so that we can find out better ways to manage our money and stay within our budgets every month. There are many personal  finance  books available in the markets that help us in doing so; these books can both be purchased online or from any bookstores. Here are few of the  finance  books that I have personally read and would recommend people to do so as well, to get a better grasp of personal  finance :

The Richest Man in Babylon by George S. Clason

This book is about applying common sense in monetary transactions, he says that we all have this quality but we tend to forget it when it comes to money matters. The author also teaches us how to save money effectively so that we can make a good capital out of our savings and retire early in life.

Rich Dad Poor Dad by Robert T. Kiyosaki

This is a very good book which I’ve read several times. The book may seem a bit extreme in the examples but it does explain the differences in approach to maintaining  finances  between ‘rich people’ and ‘poor people’. The examples given in the book can be impractical at times, but they do teach you the importance of saving and investment. It also gives us an insight on how money works for some people and makes them rich.

The Total Money by Dave Ramsey

The author of this book talks about how to manage money more efficiently, and does an excellent job in teaching debt management. Here you will find many tips on how to reduce or eliminate your debts so that you don’t have to be dependent on them to live a prosperous life.

The Only Investment Guide You Will Need by Andrew Tobias

This is an essential guide on how we can invest our money. This book gives a good explanation about the world of stocks, bonds and mutual estates; it is very detailed and easy to follow.

This is a list of some of the reputed personal  finance  books that you can read. However, other books available on this subject may also help you to obtain more information.

Source by Rajot Chakraborty

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