Are you confounded by the plethora of investing options out there? If you are keen on making your money work hard for you, invest smarter and gain financial freedom, here is a list of our favourite must-read books that offer alternative approaches, insider tips and timeless wisdom from investment wizards and business giants, who are well-versed with the mechanics of creating wealth. So check out some great books on investment and money you must read.
Mutual Funds: The Money Multiplier by Lalitha Thamaraipandy
How can you build wealth with the most elusive combination – common sense and knowledge? This book answers this question by taking you on a journey into the world of mutual funds. In easy language, with in-depth insights and practical advice, the book cracks the code on building wealth the mutual fund way.
Let’s Talk Money: You’ve Worked Hard for It, Now Make It Work for You by Monika Halan
If you are worried about bills, rent, EMIs, medical costs, vacations, kids’ education and retirement, here’s a book which helps you plug seamlessly into a simple, jargon-free plan to get more value out of our money. It offers a feet-on-the-ground system to build financial security, live your dream life, and make your money work for you.
Women & Money: Owning the Power to Control Your Destiny by Suze Orman
In this ground-breaking book, the author investigates the complicated, dysfunctional relationship women have with money. With a streamlined five-month programme that delivers genuine long-term financial security, the book equips women with the financial knowledge and emotional awareness to overcome their mental blocks.
My Conversations With Money by Shweta Jain
This book doesn’t have jargons and doesn’t intimidate you if you have never handled money independently before. It gives you the much needed confidence based on a solid footing – of knowledge. It tells you what to do as much as what to avoid.
SheThePeople.TV earlier spoke to the author to know what are the fundamental principles on which one should invest, to which she said, “We should invest based on whether we want to sleep well or eat well. If we want to sleep well, we have to choose investments that give stability, but if we want to eat well, we should invest in options that grow and give us good returns. We need both in our portfolio, but in varying degrees, depending upon our needs.”
Yogi On Dalal Street . . . Ancient Wisdom for The Modern day Investor by Arun Thukral
This book goes beyond the basic investment framework as it dives deeper into how our mind works in order to arrive at the right investment ideas. It draws reference to various scriptures, especially Patanjali’s Yoga Sutras, providing a simple overview of the complex investment ecosystem, and highlights how veteran investors have used similar winning strategies to create phenomenal wealth.
What Every Indian Should Know Before Investing: From Fixed Deposits to PPF to Real Estate, Gold, Mutual Funds, Stocks and more… explained in simple, easy-to-understand language! by Vinod Pottayil
Understanding so many investment options can be a challenge to the new investor. This book explains all the popular investment options in detail along with their advantages, disadvantages, taxation, etc. It also has chapters on Life Insurance, Health Insurance, Writing a Will, Making a Financial Plan and Investment Terms.
Retire Rich: Invest Rs. 40 a Day by P.V. Subramanyam
This book tells you why you need to plan for retirement even if you are 25 years away from it and takes you through the steps and importance of planning and to the dangers of not planning. Can you really retire by investing an amount as little as Rs 40 a day? Yes, says the book—with the power of compounding.
Flirting with Stocks: Stock Market Investing for Beginners by Anil Lamba
This book introduces the uninitiated to the world of share markets. It begins with the basics of how the investment cycle works, and builds up to the nitty-gritties of bulls and bears, mutual funds, kerb trading, badla finance and share-price fixing. Included also are case studies on asset bubbles and insider trading that are lessons for potential investors.
Love Your Life, Not Theirs: 7 Money Habits for Living the Life You Want by Rachel Cruze
This book is based on the concept that comparing yourself to others is a damaging habit — not only mentally, but also financially. The author discusses how you can live the life you want by following seven core financial habits.
Money Smart: The Indian Woman’s Guide to Managing Wealth: Reenita Malhotra Hora & Divya Vij
Do the words ‘stock market’ and ‘mutual funds’ frighten you? Does filing your tax returns give you the jitters? Loaded with interactive tools, packed with crucial information in punchy, accessible nuggets, individually tailored, age-appropriate investment plans and savings instruments, this book takes you one step closer to making investing a permanent habit.
Financial freedom is not an illusion and women can achieve it on their own. We perhaps need to have more conversations around it. Reading more about it is one step towards normalising the conversations on the issue. As author Shweta Jain says, “Financial freedom can only be achieved if we keep at it. We need to dream it, visualise it, sweat it, and save for it. We need to save it to save ourselves.”
Archana Pai Kulkarni is the Books Editor at SheThePeople.TV. The views expressed are the author’s own.