My top 5 books for personal finance

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest

A select few people are able to manage their money with poise and class. Investing intelligently, saving diligently and spending wisely. However, most people (myself included) are never taught the keys to success in personal finance. We spend impulsively and will consistently convince ourselves that we need whatever the next large purchase is. For the majority our lifestyles expand to fit our hopefully growing income. Which means we never actually achieve financial freedom, nor do we actually develop any form of wealth. Since discovering the world of personal finance I have read a number of books, many of which will be reviewed on this platform. Below are my recommendations for anyone starting out on the path of financial discovery.

  1. 1. Rich Dad Poor Dad – The overall Best

This absolute must read was originally published more than 20 years ago. Since that time there have been several iterations, editions and follow up books. I frequently recommend this book as the first read for young professionals or students starting out their financial education. Click here to see my full review. In this bestseller, Robert Kiyosaki takes us through his upbringing drawing on the financial teachings from his real dad (poor dad), who was a well educated university lecturer, and his friends dad (rich dad). His poor dad represents the thinking of the middle class, and he breaks down the fundamental flaws with the everyday manta: ‘go to school, get a good job’.

His rich dad was not educated and actually started out poor. But his beliefs and understanding of money underpinned his success. Robert Kiyosaki explains how he used these principles to create a multimillion dollar wealth. For the first time we are introduced to the cash-flow cycle concept. This absolute must read was originally published more than 20 years ago. Since that time there have been several iterations, editions and follow up books. I frequently recommend this book as the first read for young professionals or students starting out their financial education. Click here to see my full review. In this bestseller, Robert Kiyosaki takes us through his upbringing drawing on the financial teachings from his real dad (poor dad), who was a well educated university lecturer, and his friends dad (rich dad). His poor dad represents the thinking of the middle class, and he breaks down the fundamental flaws with the everyday manta: ‘go to school, get a good job’. His rich dad was not educated and actually started out poor. But his beliefs and understanding of money underpinned his success. Robert Kiyosaki explains how he used these principles to create a multimillion dollar wealth. For the first time we are introduced to the cash-flow cycle concept.

  • 2. The Richest Man in Babylon

This is an old book, but an absolute classic. This is probably joint with Rich Dad Poor Dad for the most powerful book in jump starting your financial education. The richest man in Babylon reads like fiction, but it is jam packed with essential financial lessons. It uses parable style stories dating back to Babylonian times to demonstrate key principals in saving, investing, spending, building income etc.

  • 3. Money

This book was written by Rob Moore and published in 2017. He is the self titled disruptive entrepreneur and a self-made millionaire with several successful business and investment ventures. In this book he drops some serious knowledge. Interestingly he breaks down what money is, what it was and what it is likely to become e.g cryptocurrency.

This book is aptly named Money: Know More, Make More, Give More. It is not aimed at savers. It is aimed at anyone who has ever thought of ways to increase their income, become self-employed or create a business. Essentially this book is for new age entrepreneurs. It is extremely well written an packed full of value, and therefore comfortably makes my list of must reads. Click here to read my full review.

  • 4. Think and grow Rich

Another oldie, but another must read. There are thousands of books available to help with personal finance, but there are a few key texts that make up the foundation of your education, and this is certainly one of them. This famous book by Napolean Hill has been hailed by several successful business men and women.

Napolean hill not only included his success story and principles he has also included success stories and principles of the businessmen who have made a successful real world lesson.

It is also acknowledged as one of the greatest self-help books of all times. This book may be more relevant to a US audience but nonetheless is still a powerful tool in the arsenal of anyone seeking to better understand personal finance.  It teaches you everything you need to know and will inspire you to continue learning and changing the way you think.

  • 5. The 10x Rule: The Only Difference Between Success and Failure

This popular book by Grant Cardone is included in this list as my wild card. This is simply because this book is not for everyone. Grant Cardone, has an aggressive passion and an in your face approach to everything. This certainly comes across in this book. Whilst I didn’t find too much in the way of new concepts or actual information or knowledge in this book, I found this book hugely inspiring. Essentially the author is stressing the importance of “Massive Action” to achieve the desired business results and breakthrough.

He claims that most people operate with only three degrees of action-no action, retreat, or normal action- and that if you’re after big goals, you must not settle for the ordinary. To reach the next level, you must understand the coveted 4th degree of action, also known as the 10x rule. So if you have hit a wall, or need motivation to do more or reach the next level, then this book may be the one for you. Check it out and let us know what you think.

Disclosure: This article represents the authors opinion. These books have all been read and reviewed. The article contains affiliate links meaning that if you make a purchase we do receive a very small commission.

SHARE THIS POST

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
DR JUDE

DR JUDE

Surgeon | Writer | Creative

Keep Reading

Subscribe to our Newsletter

%d bloggers like this: