In order to make the most out of one’s income it is important to understand the basics of finance. Though you need no PhD for that matter, you do need to know the basic little things that exist. Knowledge of these things refine the way you manage your money. There are several books written on personal finances. Here’s a list of the books you shouldn’t miss:

Rich Dad Poor Dad

This book by Robert T. Kiyosaki is one of the best books written on personal finances. It challenges several myths that prevail in the minds of people regarding finance. Further, it  explains vital concepts through interesting illustrations.

 

Think and Grow Rich

After decades of research and interviews of some highly successful people, the author had put together all his learning in the form of this wonderful read. The book explains why riches are the way they are and what one should do in order to lead a similar life. This one is considered as one of the best self-help book when it comes to finance.

 

The Richest Engineer

This is one of the popular books on finance. The book is written by Abhishek Kumar. The author, in this book, shares the wisdom behind the creation of wealth. Further, he explains how one should change their lifestyle in order to make an efficient use of money he/she has.

Your money or your life

Making a life today is as important as making money. The book — as the title suggests — emphasizes upon the value of money against one’s life invested in making it. The concept of the book is a little different and is recommended for the very same reason.

From the Rat Race to Financial Freedom

The book depicts a common man’s journey and is written in an easy language for anyone to understand. Written by an engineer who turned an author eventually, the book gives us a glimpse of an Indian’s struggle to escape the “rat race”.

The Millionaire Next Door

This book reveals the surprising secrets of America’s wealthy. It gradually answers the most common questions that hover over a curious mind about the rich in the country and the way they lead their lives.

Money Wise

The book is written by Sharath Komarraju who explains the vital, yet ignored aspect of finance in a simple layman language. He explains the basic concepts that govern the financial market in India for the reader to absorb and comprehend.

You can be rich too: With Goal-Based Investing

Amidst all the complexity of financial literacy, this book guides one through the process of financial management with the simple technique of Goal-based investing. The book shall unleash the relevant questions followed by their simplest solutions.

The Intelligent Investor

Learn from the greatest investment advisor of 20th Century, Benjamin Graham. The author narrates his philosophy of “Value investing” through this brilliantly written book.  The readers can therefore grasp the wisdom behind investing through this book.

Gamechanger

This book conveys that one needs no start-up to multiply their money. However, what they need is some basic financial knowledge in order to make the optimum use of the corporate life they are in. Interestingly written by two Indian authors, this book will certainly transform one’s perspective about finances.

So grab these and see how they transform you into a finance-savvy person.

Pranju Daftari is an Intern with SheThePeople.Tv

Read Also: Women and personal finance in India: Changing the discourse

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