Seven Proven Books on Personal Finance to Take Control of Your Finances in 2020
1. The Wealthy Gardener
A relatively new book that is destined to be a classic.
Its a simple book with a powerful impact on how to create abundance. A heartwarming series of stories and practical wisdom on entrepreneurship and wealth in the vein of Rich Dad, Poor Dad, written by a financially independent father for his ambitious son.
More about the Wealthy Gardener Here
2. The Little Book that Beats the Market by Joel Greenblatt
In a straightforward and accessible style, the book explores the basic principles of successful stock market investing and then reveals the author’s time-tested formula that makes buying above-average companies at below-average prices automatic.
Though the formula has been extensively tested and is a breakthrough in the academic and professional world, Greenblatt explains it using sixth-grade math, plain language, and humor.
He shows how to use his method to beat both the market and professional managers by a wide margin.
More about the little book that beats the market Here
3. The Total Money Makeover by Dave Ramsey
The Book provides a simple and straightforward game plan for completely making over your money habits.
And it’s based on results.
Read How I paid off $17K in Debt last year here.
Design a plan for paying off all debt—meaning cars, houses, everything
Recognize the 10 most dangerous money myths
Secure a big, fat nest egg for emergencies and retirement
The book provides a game plan that’s worked for Millions of people to become financially free. Also, it’s really inspiring and motivational.
I recommend it all the time.
More on the Total Money makeover here.
4. Rich Dad, Poor Dad by Robert Kiyosaki
In Rich Dad Poor Dad, the #1 Personal Finance book of all time, Robert Kiyosaki shares the story of his two dads:
Rich Dad’s education was “street smarts” over traditional classroom education and he took the path of entrepreneurship… a road that led him to become one of the wealthiest men in Hawaii.
Robert’s poor dad struggled financially all his life, and these two dads—these very different points of view of money, investing, and employment—shaped Robert’s thinking about money.”
Kiyosaki reflects on a mindset that many wealthy people adopt: Financial success isn’t just about saving money, it is about putting money to work to actively grow.
He compares the approaches his two father figures took toward earning and saving money. While both had successful careers, his poor dad “left bills to be paid,” while the rich dad “died with tens of millions of dollars for his family, charities and his church,”
More on Rich Dad here
5. The Millionaire Next Door:
The Surprising Secrets of America’s Wealthy by Thomas J. Staley
The investment classic that explores the seven traits necessary to become a Millionaire. This is an in depth exploration of the ordinary people who have achieved an extraordinary level of wealth and how they did it.
Truly inspirational for those on a debt free journey.
Notable Reviews of The Millionaire Next Door:
… nearly anybody with a steady job can amass a tidy fortune. (Forbes)
A primer for amassing wealth through frugality. (The Boston Globe)
Imagine being able to sit down with 50 millionaires who made their wealth from a normal job.
And ask them how they did it.
What were their habits?
What was their mindset?
That’s what this book is.
How did you do it? If you want to be wealthy, this book is the answer to most of your questions.
Learn more here
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6. The Richest Man in Babylon by George Clason
“The most inspiring guide to wealth ever written.”
“Hailed as the greatest of all inspirational works on the subject of debt, financial planning, and personal wealth.
At some point in all of our lives we realize that we’re making money, but our money never lasts. We have no control of our money. This book is about the conversation between fathers and sons (or daughters) about money.
How to succeed financially.
The principles are timeless. Our money problems are the same. The answers are straight forward and timeless. More on The Richest Man in Babylon here.
These are the Best Personal finance books of all time. Each one offers a practical guide to help you take control of your money. The reason they still sell millions of copies each year is because they work.
More on The Richest Man in Babylon here
7. Think and Grow Rich
Think and Grow Rich has been called the “Granddaddy of All Motivational Literature.”
It was the first book to boldly ask, “What makes a winner?” The man who asked and listened for the answer, Napoleon Hill, is now counted in the top ranks of the world’s winners himself.
The most famous of all teachers of success spent “a fortune and the better part of a lifetime of effort” to produce the “Law of Success” philosophy that forms the basis of his books and that is so powerfully summarized in this one.
In the original Think and Grow Rich, published in 1937, Hill draws on stories of Andrew Carnegie, Thomas Edison, Henry Ford, and other millionaires of his generation to illustrate his principles.
In the updated version, Arthur R. Pell, Ph.D., a nationally known author, lecturer, and consultant in human resources management and an expert in applying Hill’s thought, deftly interweaves anecdotes of how contemporary millionaires and billionaires, such as Bill Gates, Mary Kay Ash, Dave Thomas, and Sir John Templeton, achieved their wealth.
Outmoded or arcane terminology and examples are faithfully refreshed to preclude any stumbling blocks to a new generation of readers.
More here
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