Making money alone is insufficient. It must be carefully budgeted, saved, and invested in order to provide happiness in the present and security in the future. Of course, the procedure is not as simple. Most people aren’t sure where to start when it comes to budgeting, the stock market, or even early retirement.
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People with experience (and success) in managing personal finances have penned down the best tips they have to share to make the path easier for most laypeople.
Check out this list of seven books to help you improve your financial literacy and, as a result, make better financial decisions.
Tiffany Aliche’s book, Get Good With Money- This book will take you step by step through the process of generating wealth through financial wholeness. There are checklists, worksheets, toolkits, and other resources to assist you. Over a million people have been helped by Aliche to become debt-free and happier.
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Morgan House’s The Psychology of Money- Housel has explained how people think about money in 19 short stories. He focuses on people’s behavior in real-life scenarios rather than on a planned spreadsheet. The book is intended to assist readers in changing their thinking and habits.
Stocks to Riches by Parag Parikh-This book is a must-read for anyone looking to invest in the stock market and make their money work for them. Parikh, a seasoned broker, teaches beginners the fundamentals of the stock market as well as time-tested strategies for investing in equity.
Bryce Leung and Kristy Shen’s Quit Like A Millionaire-This straightforward book is a comprehensive guide to not only increasing your wealth but also retiring early. This book is a guide to financial independence written by two leaders of the Financial Independence, Retire Early (FIRE) movement.
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Let’s Talk Money by Monika Halan -Monika Halan, a journalist, offers a solid system for establishing financial security. This book, rather than being a guide to making money quickly, provides insights into a smarter way to live your dream life. The most recent edition addresses the challenges of the pandemic. In her writing, she discusses EMI payments, rent-to-income ratios, and budgeting.
Napoleon Hill’s Think and Grow Rich-Despite being published in 1937, this book remained a best-seller for decades due to its timeless advice. It is based on a positive thinking philosophy and clear steps to wealth. The masterpiece does an excellent job of fleshing out the intersection of finance and psychology.
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Tori Dunlap’s Financial Feminist-Dunlap, a world-renowned personal finance educator, delves into the unseen aspects of the financial landscape. She provides excellent insights on topics such as the wealth gap and predatory credit, as well as a judgment-free method for getting out of debt and living the dream life.
