With the development of society, more and more people realize the importance of personal finance. However, I too want to be rich, I too want to live a financially stable life. The question now boils down to how I can upgrade myself to build a knowledge arsenal that can help me in my personal finance journey.
Sometimes, nothing beats an old-fashioned book when it comes to learning about a specific topic.
In this blog, I have compiled a list of 5 personal finance books that have cleared my monetary doubts.
The Unusual Billionaires
Book by Saurabh Mukherjea
It is a very well-written insightful book about the journey of outstanding Indian Companies (Asian Paints, HDFC Bank, Axis Bank, Marico, Berger Paints, Page Industries, and Astral Poly) that have achieved long-term success and made a great deal of money for investors.
Saurabh Mukherjea, bestselling author of Gurus of Chaos, tells you why focusing on the core business is central to corporate success and how a promoter giving up control to the top management could be a boon. He also explains how investors can generate market-beating investment returns from identifying companies such as these using a simple set of metrics.
This book is mandatory reading for anyone who wants to understand how business is done successfully in India.
The Future Is Faster Than You Think
Book by Peter Diamandis and Steven Kotler
This is another POWERFUL book of insights and lessons packed inside a fun journey into the next decade, and beyond. I would recommend this book to anybody, even those who may fear the future. Peter and Steven don't just only write about the future, they demonstrate a healthy mindset that everyone can use to analyze their current situations, their everyday life in 10 years, and even the fate of technology.
As indispensable as it is gripping, The Future Is Faster Than You Think provides a prescient look at our impending future.
One Up on Wall Street
Book by Peter Lynch
One Up on Wall Street, written by Peter Lynch with John Rothchild, is a bestselling book that discusses how to use what you already know to make money in the market. It serves as an extensive guide for investors.
Peter Lynch has divided the book into three distinctive sections, each section dealing with a separate aspect of investing: Preparing to Invest, Picking Winners, and the Long-Term View.
You'll discover why the smart money is not so smart - and why you may be a better stock picker than the pros, how to follow your hunches and back them up with facts, how to disregard reports on the economy and pick your own time to buy and sell, and how to determine which types of stocks are right for you.
The Psychology of Money
Book by Morgan Housel
In the psychology of money, the author shares 19 short stories exploring the strange ways people think about money and teaches you how to make a better sense of one of life’s most important matters.
This book examines personal finance through the lens of human behavior and explains to you how to have a better relationship with money and to make smarter financial decisions. Instead of pretending that humans are ROI-optimizing machines, he shows you how your psychology can work for and against you.
The Art of Thinking Clearly
Book by Rolf Dobelli
Already an international bestseller, THE ART OF THINKING CLEARLY is essential reading for anyone with important decisions to make. It reveals, in 100 short chapters, the most common errors of judgment, and how to avoid them. Simple, clear, and always surprising, this indispensable book will change the way you think and transform your decision-making - at work, at home, every day. It reveals the most common errors of judgment, and how to avoid them.
These five books can help you get started on your journey into personal finance.