Online Trading India

Mutual Funds

Share Market
Credit Card

Best Personal Finance Books of 2020! Don’t look Back!

It’s time to start managing your money better, probably even master the finances without looking back and start now with the help of this article. This article brings you the essence of 5 books that can change and incorporate the healthiest and easiest steps to get rich.

We are committed to researching, testing, and recommending the best products. We may receive commissions from purchases made after visiting links within our content.

Some people manage their money like they were born with calculators in their hands. Others not so much. Maybe they fall prey to their own instincts to spend more than they should.

Maybe math just isn’t their strong suit or they find it unbearably tedious to keep track of pennies and dimes, let alone dollars.

If this sounds like you, you’re not alone. Just look at the statistics. The American Psychological Association does a survey every year in an attempt to pin down where folks think they stand financially.

The most recent survey indicated that a walloping 70 percent of us believe we’re on shaky financial ground. Even more — 75 percent — are of the firm belief that we’d be a whole lot happier if we just had more money.

 Read More: 6 Powerful Women Win Finance Share Their Ideas

So, what can you do to get a financial standing and grow your money?

  • Learn
  • Educate yourself.

That’s how Elon Musk and Warren Buffett started out, and they haven’t stopped reading now that they’re at the top of their respective games. These books should give you a great start.

The Best Overall: Rich Dad Poor Dad

Sales available on Amazon!

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! is something of a memoir with lessons attached.

It celebrated its 20th birthday in 2017 with an updated edition, and author Robert Kiyosaki has a lot to celebrate. This is this one of the bestselling personal finance books ever.

Kiyosaki, a genius in this, walks readers through some childhood reminiscences, a contrast between his own not-very-wealthy father and the dad of his friend who happened to be one of the richest residents of Hawaii.

The comparison shines a spotlight not just on how to best manage the money or lack of it, but also on helping children to do so as well. According to Kiyosaki, not all debt is bad, and work our way toward wealth even if we don’t enjoy a staggering income.

If It’s all about how we handle the money we do have ways to lead ourselves away from that paltry paycheck.

This updated edition of Rich Dad Poor Dad is particularly enjoyable and insightful as it compares life 20 years ago against the ent day. What a way to start in20!

Read More: Aye Finance – Empowering the micro enterprises in India

Runner-Up, Best Overall: You Are a Badass at Making Money

Sales are available on Amazon!

You Are a Badass at Making Money: Juggle and master the mindset of wealth from Jen Sincero, author of the No. 1 New York Times bestseller You Are a Badass: Reports more of how to stop doubting your greatness and start living an awesome life.

Published in 2017, this second Badass book takes more of a financial angle than the first one did.

This book brings out the candid and chuckles us with fun facts, and if we’re like many of us. We can easily connect and our habits with the following chapters in this book.

It’s based on Sincero’s personal experiences as she emerged from her salad days to living very, very well. You Are a Badass #2 is designed to help you nix the financial habits that hold you back and introduce some simple, easily understandable concepts into your life that will help you improve the way you handle your money.

New York Magazine says it’s “a cheerful manifesto on removing obstacles between yourself and the income of your dreams.” Who says good money management has to be tedious? Mastery needs little sense and skill to work well.

The Best Book About How to Get Rich: The Automatic Millionaire

Sales are available on Amazon!

Everyone is pretty oriented with easy and not so overwhelming strategy to understand the trick to make it rich. We get that. The beauty of David Bach’s The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich is that it delivers exactly what it promises: a one-step plan.

This book prolongs like fiction at first with a success story about a couple who earn a modest income but nonetheless owns two mortgage-free homes and they can look forward to some really significant retirement savings, too.

From there, Bach explains a simple one-step process that will put you in this couple’s shoes—and it doesn’t involve budgeting, gritting your teeth or earning six figures a year, either.

You can trust Bach because this isn’t his first rodeo. He’s previously published three other bestsellers. The Automatic Millionaire spent 31 weeks on the New York Times Bestseller List when it was published in 2004 and it’s sold more than 1.5 million copies.

Recently updated, it’s still immensely popular.

Read More: Bajaj Finance’s Profit & TCNS Clothing IPO

The Best Book About Wellbeing: Age Proof

Sales are available on Amazon!

Chatzky and Roizen haven’t just been titled as financial gurus, their combined expertise lies in the correlation between the bank account and the state of health.

On the more interest, Chatzky is the financial expert for NBC’s TODAY Show, and Dr Roizen is the Chief Wellness Officer at the Cleveland Clinic.

Their suggestion in AgeProof: Living Longer Without Running Out of Money is something we are aware r Breaking a Hip is that you should safeguard the finances in much the same way. To stay healthy, and if do both concurrently, the golden years really will be golden.

Just as you don’t want to consume more calories than you burn off, you don’t want to spend more money than you earn. That’s a widely accepted theorem, but Chatzky and Roizen don’t preach. Rather, they offer tips and techniques for modifying behaviour so we can achieve both.

The money we earn is the money we build our life with. It makes more sense if any of us make all the money in the world & won’t be happy if we can’t get out of bed, due to money-related stress.

Released in 2017, AgeProof is a relatively quick, easy, enjoyable read. Amazon calls it one of the best books of 2017.

Read More: 4 Personal Finance Rules To Learn By Heart

The Best Book About Retiring Young: How to Retire Happy, Wild and Free

Sales are available on Amazon!

On the flip side, How to Retire Happy, Wild, and Free: Retirement Wisdom That You Won’t Get from Your Financial Advisor isn’t as much about taming your finances in preparation for retirement as it is about retiring well on what you have managed to save.

Interestingly, it doesn’t promote working longer and harder to achieve that. The “happy, wild and free” part of the title is not to be overlooked. Zelinski doesn’t think we need $1 million-plus in savings to accomplish it.

These are the best years of your life. Zelinski imparts a few lessons about how to enjoy them on the money you have, sooner rather than later.

The National Post said that most books about retirement “view the finish line as the last day of employment. That’s where Zelinski’s begins.” Judged by reader response, his advice is well taken.

 

(Visited 229 times, 1 visits today)