Books teach us a lot about life, and some of them teach us how to make our lives more exciting by earning money.
Personal finance, budgeting, saving, investing, and spending are all topics covered in these books in a clear and engaging manner.
The richest man – by Babylon George S. Clason
This is the more popular book on personal finance, having been published in 1926.
The book’s moral is very inspiring: Rich people are rich because they save their money, don’t get into debt, and don’t waste their money.
The author recommends “paying yourself first” in this book. That is a critical frame of mind.
You can only become wealthy by paying yourself. Don’t fritter away your money on things you don’t need.
The little book of comman sense investing – by Jack Bogle
Vanguard was founded by Jack, who invented index funds. It is the only company in finance that shares your goals.
Rather than purchasing individual stocks, Jack Bogle demonstrated that it is far better to purchase all of the stocks in a specific index, industry, group, or even country.
If you want to start investing, this book is a must-read.
The simple path to wealth – by JL Collins
Collins is a down-to-earth individual. And The Simple Path to Wealth is the most useful personal finance book.
He recommends saving half of your income.
He advises having enough money in the bank to allow you to do whatever you want for an extended period of time.
Put in 100% of the money you want to invest.
Your money your life – by Vicki Robin and Joe Dominguez
The first half of this book is spent by Robin and Dominguez emphasising that more is not always better.
More money isn’t always better, especially if it means jeopardising your own well-being.
If you want to live a happy and prosperous life, you must separate yourself from money.
Instead of striving for more, improve your money management skills.
Keep it. And don’t squander it on things you don’t need.
