Personal finance books that will change the way you look at your finances

You won’t find too many people expressing their love for personal finance books. Without fantasy and fiction, these books teach you about life and money. After all, what is life without money?

Books are a man’s best friend. Regardless of the topic, the content of the page contains the basis of all experiences and thoughts, thus, helping you to shape your way of thinking. Many people are looking for books that will help them learn how to deal with money. Personal finance is hard to teach, especially to people who don’t know much about money. Even the smartest and smartest people falter and walk when it comes to money.

Learning personal finance doesn’t require an in-depth knowledge of powerful math calculations. You always need to collect and compile data to evaluate how the money is doing. A basic understanding of savings and investing is enough to master how money works to create more money.

If you are inclined to read books on personal finance, I suggest you start reading what is written by indigenous authors. These books written by Indian authors do not talk about the market or offer twisted content. Some of the most popular books on personal finance include:

Let’s Talk Money by Monika Halan

Without jargon or complicated examples to explain the stock market, this book can best be described as a book of analogies. The book begins with a small story about how to spend money recklessly and take unnecessary financial risks.

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Written by one of the most trusted names in the financial world, this book can be used by new investors to learn how to make the best use of their money to create their wealth desired in the future. This book does not target a specific niche or tell you how you should work for your income. The author makes this an easy-to-read book for those looking to build financial security.

Retire Rich by PV Subramanyam

Now the title of the book is enough to attract you to read this book. Who wouldn’t want to quit the nine to six grind and retire early? Retiring early is a dream of most people,​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​uation, it’s a dream to think about not having enough. The idea of ​​earning more money through a steady income to save and invest more is still a dream for many as they complain about the cost of living eating into their savings. They are days. A decrease in the value of money due to inflation means that your savings today may not be enough to support your expenses tomorrow. So today’s idea of ​​saving for retirement may be worthless tomorrow.

This book does not tell you how to create great wealth. A simple and regular investment of Rs 40 per day done diligently for the next 30-40 years is enough to create a corpus worth Rs 40-50 lakhs. The “Power of Compounding” is the secret to financial success. Therefore, regular investment over a long period of time is a sure way to accumulate the desired amount.

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The authors emphasize that investing early helps wealthy retirees. No magic is done. You have to choose from the many investment opportunities available, invest your money in one or more of them and then sit back and watch the compounding effect help your money grow, or the amount of money you use.

The richest engineer by Abhishek Kumar

Hold your horses before jumping to conclusions about the contents of this book. No, this book does not deal with the life of an engineer in a straight line nor does it shed any light on his supposedly extravagant life. A fictional story centered around a conversation between two engineers debating how some people are financially successful in their lives even if they start with a low salary or don’t retire with a glorious salary, etc.

Dig deep and you’ll realize you don’t need a stellar degree or a big package to get rich. Knowing your money or keeping track of your spending will help you reach your financial goals.

I will teach you how to get rich by Ramit Sethi

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There is no magic formula like “Abra Cadabra … Oomph … Shoosh” to get rich. Creating wealth involves several steps and this book will teach you that. You can describe this book as a six-week personal finance course to learn how to organize your money for the rest of your life. You can view this book as an essential step in learning the nuances of finance in our daily lives. The fact is that most of the people in India do not have the basic concepts of financial literacy and our schools still include private finance courses in the curriculum. -their learning makes reading this book even more worthwhile.

What makes this book different from other books is that this book is not about investing in the stock market and other investments but about the benefits of credit cards, when used properly. Many people who have read this book have shared how reading its content has helped them manage debt, create budgets, choose the right investment options and set appropriate financial goals.

The book will share with you what no one else can or can’t. So, before you jump headfirst into the world of investing, educate yourself financially by reading one or all of these books to gain a thorough understanding.

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