Books help us to understand the world and you can find a book on any topic. If you are new to investing or want to understand the different investment options, picking up a good personal finance book can be of immense help. As there are hundreds of books on money and personal finance, we have shortlisted personal finance books for beginners and intermediates too.
1. What Every Indian Should Know Before Investing
If you wanted to save your money but you don't know where and how then these books are helping you.The book ‘What Every Indian Should Know Before Investing’ is one of the best personal finance books for beginners who want to explore the realm of personal finance.
The book touches on different investment options available in India. Whether you want to know about Public Provident Fund (PPF), mutual funds, or insurance, you will get it all here. This makes financial planning easy for investors who have started investing or are looking forward to investing. The best way to consume the book could be to write your doubts and takeaways from the book in the note section. Our personal opinion is this book was too good to know about the investment and nd where to invest money every Indian people want to read this book
2. Rich dad, poor dad
One of the most famous and most helpful books in the investment world this book teaches you how to invest. As the book compares the differences in money attitude between his rich dad (his friend’s dad) and poor dad (his biological dad).
The author, Robert Kiyosaki explains why rich people are rich and poor people remain poor. It is one of the best personal finance books for beginners. It teaches you the basics of finance such as asset and liabilities, the cash flow quadrant.
The most important concept in the books are book include wealth, investing in oneself, and working to learn and not earn. This book teaches you money is imp but how to earn and where to invest money to get more wealth financial. In short, the book tries to say that rich people work to earn more money and not to pay bills.
3. Total Money Makeover
The total money makeover by Dave Ramsey lays the groundwork for a healthy financial lifestyle. The book draws analogies between saving money and losing weight Just like we know that in order to lose weight, we need to consume fewer calories than we can burn, saving money is also similar. We need to make more money than we spend. These are things simple but not easy to implement and the book acknowledges It also points out how we confuse between needs and wants and how we avoid confronting our financial problems until it becomes severe.
Dave Ramsey in his book advocates educating ourselves on personal finance so that we have better control of our financial life.
4. The Richest Man in Babylon
Many people have spent their own money on unnecessary things without any thinking And hence, we are left with no money for our future
The book talks about saving at least 10% of the income. The idea is to pay ourselves first rather than goods or services. The book jots down 7 simple rules of money. These are:
Read this book and you will not look at money in the same way ever again.
5. Think and Grow Rich
Think and grow rich is one of the iconic personal finance books written by Napoleon Hill.
In order to achieve the goals, Hill says that one should have a strong desire to achieve them. He advises writing a clear, concise statement of the amount of money you would like to acquire or the goal that you want to achieve. To create a sense of urgency, one should include the day by which you would like to have that money. So, it is important to read out affirmations twice a day, before going to sleep and immediately after rising up in the morning.
We hope you will enjoy reading these books which we have suggested above. All books will help you to learn about the stock market in a big way. However, the book named How to avoid loss and earn consistently in the stock market is my personal favorite as it is written so nicely that a layman can understand.