Top 4 Books To Read To Be Financially Smart

Top 4 Books To Read To Be Financially Smart

No one is born financially smart. Knowing how to effectively manage your finances is something that you learn through trial and error overtime. People say that experience is the best teacher, and it is, but when it comes to money it is not necessary that we make irreversible missteps in order to learn. Besides, we don’t want to be rolling in the pit of financial mishaps before we realize how much we need to study money. Money is not the most important thing in the world but it sure is important in our daily lives. We should be able to manage our finances as accurately as possible as it will give us more opportunities to let our money work for us. Here are some books with essential information on how to be financially smart. Remember that these readings won’t tell you how to acquire money, but it will insightfully explain how to allocate your money wisely.

Top 4 Books To Read To Be Financially Smart

1. Rich Dad, Poor Dad by Robert Kiyosaki

This book says that a school dropout who spends less than what he earns is certainly smarter than a college professional who can’t make ends meet. Kiyosaki tells about his learnings from his dad who was a regular employee, who he calls his ‘poor dad’, and from a father figure he had, who he calls his ‘rich dad’, who taught him the importance of business. The author focuses on the importance of being able to convert your money into passive income.

2. The Millionaire Next Door by Thomas Stanley and William Danko

This book focuses on wise spending, as it tells you to spend only the profits or profits and never your principal money. You have to learn how to build your profits and let your money work on your advantage. This also encourages wise spending and never be blinded by keeping up with the Joneses.

Top 4 Books To Read To Be Financially Smart

3. Secrets of the Millionaire Mind by T. Harv Eker

A very straight to the point written work by Eker, it tells you how your mindset can affect your financial decisions. It shows that a change of attitude towards money is just as important as financial education. The core message of this book is that you have to think rich to be rich.

4. How to Get Out of Debt, Stay Out of Debt, and Live Prosperously by Jerrold Mundis

This one would be of great help to those who have bad credit history and are starting to get out of debt. It tells you that a well financially education person will work towards eliminating his debt before creating his wealth. Most people will choose to leave with debts to pay for 20 or 30 years, as long as they can buy their wants whenever. This practice is not what a millionaire would do. Instead he would eradicate all his debts first, and then work towards building his wealth.

If you are serious about rearranging your finances and eventually building your wealth, then try getting a hold of these books to help you jumpstart your journey.

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