THE BEST TOP TEN FINANCIAL BOOKS

 

 

Following are the most top financial books, with no specific order, that consider to be must read items. Each book has particular financial knowledge for different readers. By reading these books, you will be gaining financial facts, expanding your thought process about finance, and structuring your finance information better.

The below finance books, which we have selected among 50 books, help households manage their money better. By reading these books you will gain financial education on how to manage and pay off debt? how to accumulate wealth? how to invest? how to manage investment risks?. Furthermore, these financial books also teach you how to invest in risky assets, manage a mortgage, and save for retirement. 

I will Teach You To Be Rich

By: Ramit Sethi

Ramit Sethi started his career by selling eBook on his personal website, which generates millions in annual revenue with online courses. In his  book, I will Teach you To be Rich, he gives knowledge on how to pay off debts and student loans, avoiding late fees, simple investment strategies and negotiating salary.

Key Takeaways

1. Households are responsible for their financial problems.
2. Households must know how much income they generate and then automatically direct it to where they want it to be.
3. Individuals must start investing as soon as possible, even if it’s just 1 USD.

If you want to learn more from the book, you can buy the book on Amazon, by clicking on the link I will Teach You To Be Rich

The Psychology of Money

By: Morgan Housel

The author, Morgan Housel, is a partner at The Collaborative Fund and has worked as a columnist at The Wall Street Journal. In his book the author outline an interesting explanation of the psychology of money. The book, The Psychology of Money, explores to readers simple financial tips and tools in the form of 19 short stories. 

If you want to read the book, you can buy it from Amazon, by clicking on the The Psychology of Money

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The Barefoot Investor 

By: Scott Pape

A personal finance expert, Scott Pape has published and sold more than 1,000,000 copies of his book The Barefoot Investor. Despite growing up on a farm, Pape wanted to get rich by investing in exchange market, the attempt which failed. In his book he outline information that helps individuals take control of their finance in three phases: plant, grow, then harvest your money. 

In the book you can learn how to:

1. Simplify your money management by using different bank accounts.
2. Shred your credit cards first, then start paying off your debt.
3. Automate some of your retirement planning with index funds.

If you want to read the book, you can buy the book on Amazon, by clicking on the The Barefoot Investor. 

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The First Investor 

By: Dominic Ukelo

The First Investor  addresses the lack of financial knowledge among people and thereby focus on enlightening households’ financial literacy by giving them both knowledge of key financial concepts on how to achieve financial freedom and enhance their ability to apply this knowledge to make professional financial decisions.
Before outlining how to invest in business, bond, fund, stock or cryptocurrency, the book first outline some important steps, ranging from how to maintain a sustainable income to changing psychological mindset towards financial habits, budgeting, and how to reduce spending. These steps are considered to be foundation to achieving financial freedom.

The book explore on:

1. How to become financially successful
2. Use your income to acquire profitable assets and to create business.
3. Before investing analyze the market to protect investment from losses, and be extra cautious when investing in risky assets, such as cryptocurrency.
4. How to invest safely in fund, ETF, stock, cryptocurrency

If you want to learn more about personal finance and investments, you can buy the book on Amazon, by clicking on The First Investor 

 

Rich Dad Poor Dad 

By: Robert T. Kiyosaki

The book, Rich Dad Poor Dad, is based partially on the author’s life, who learned two different strategies of how to manage money from his dad and that of his best friend. The lessons are a mix of how to approach money as a concept, basic knowledge of accounting, budgeting, and investing, and how to manage your money in the way it works for you. 

Key advises that we can learn from the book:

• Households should use their money to acquire assets, not liabilities.
• People can manage risks instead of avoiding them.
• Individuals should work to learn, not to earn.

If you want to learn more from the book, you can buy it from Amazon, by clicking on the Rich Dad Poor Dad 

 

The Intelligent Investor 

By: Benjamin Graham

Warren Buffett has quoted saying that The Intelligent Investor is the greatest book on investing ever written. The book is based on Benjamin Graham’s classes, which Warren Buffett took as a young student. The author advises investors to research, allocate, and select companies with great fundamentals and buy their shares at a discounted price. After investment, eventually, these companies’ value will increase and the intelligent investor will generate profits.

Key points in the book:

1. Before investing, investors must analyze the company to protect from losses.
2. Investors should be cautious when investing, the financial market can be very irrational in the short and medium term.
3. Investor should stick to a strict formula by which he or she make all investments.

If you want to learn more abound investing in exchange market, you can buy the book on Amazon, by clicking on The Intelligent Investor 

 

Money: Master The Game 

By: Tony Robbins

Tony Robbins dedicated his time to research and interview several billionaires, such as Warren Buffer, to publish his book, Money: Master The Game. After the recession of 2008, he decided to help average Americans to improve their financial education, by writing the book. The book contains useful financial information from mindset changes, saving tips to asset allocation. 

Key points of the book

1. Individuals shouldn’t underestimate the power of compounding interest.
2. Investors should select one of three financial goals to achieve financial freedom.
3. Investors must diversify their investment portfolios by applying a security bucket, a growth bucket, and a dream bucket.

If you want to learn more about investment, you can buy the book on Amazon, by clicking on the Money: Master The Game

 

The One-Page Financial Plan

By: Carl Richards

Carl Richards has worked more than 20 years as a financial advisor in different financial institution, such as Wells Fargo, Merrill Lynch and others. On his book, The One-Page Financial Plan, he published his experience, concerning ideas that helped him and his wife plan their finances, on just one piece of paper.

Key points in the book

1. He encourage households to both set financial goals and also to be flexible.
2. To succeed, individual must encourage saving habits by turning their budgeting into a game.
3. Individuals must consider paying off debts as a future investment.

If you want to learn more from the book, you can buy the book on Amazon, by clicking on The One-Page Financial Plan 

 

The Total Money Makeover

By: Dave Ramsey

As the most popular radio show in the United States, Dave Ramsey helps Americans to become debt-free. In his radio show, people encourage express and exchange their financial experience. He also helps them with the emotional issues of tackling money and goes beyond mere mathematical tips. He put his experience and idea on a paper by writing a book. In his book he advises on how people can tackle debts from small to large, then saving, and invest after covered the basics. 

Key points in the book

1. People should save at less 1,000 USD in an emergency fund before investing.
2. Households should start paying debts, beginning with the smallest.
3. Build emergency fund until its reach at least a three-month buffer.

If you want to learn more, you can buy the book on Amazon, by clicking on The Total Money Makeover

 

The Millionaire Fastlane

By: MJ DeMarco

This book, The Millionaire Fastlane, is about a story of persistence, boldness, risk-taking, and unconventional thinking. The author illustrates in his book that after he saw a man driving a Lamborghini when he was a teenager, he knew he wanted to be wealthy. After launching, selling, and re-buying his own company, he retired at age 33 as a multi-millionaire.

Key points

1. The author explore that the definition of wealth stands for 3 things — and money isn’t one of them. Instead he argue that health, relationships, and freedom are the real wealth.
2. People should, in some point, make income independent of their time.
3. Individuals should think like a producer, not like a consumer.

If you want to learn more, you can buy the book on Amazon, by clicking on The Millionaire Fastlane.

We consider the above books as must read, because they have changed many lives and turn many people to be financially successful.