TOP 3 PERSONAL FINANCE BOOKS : EVERYONE SHOULD READ!

in personalfinance •  2 years ago 

Wealth creation is a huge process, but even though you create it you need to know how to sustain it. If you fail to sustain it, you gonna lose and or don't know how to use the wealth properly.

These are the top 3 finance books everyone should read:

#1.RICH DAD AND POOR DAD :

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You’ve probably heard of Robert Kiyosaki’s “Rich Dad Poor Dad," but there’s a reason it’s stuck around for more than two decades. In one of the most popular personal finance books of all time, Kiyosaki shares what he learned growing up from his father and his friend’s father, the latter of which is the “rich dad” in the title. Those lessons include how you don’t need to make a lot of money to get rich, assets and liabilities, and explains to parents why schools won’t teach your kids what they need to know about personal finance. This 20th-anniversary edition includes an update from the author on all things money, the economy, and investing.

#2.PSYCHOLOGY OF MONEY :

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This read is an interesting delve into the psychology of money and how your ego, preconceived notions, and even your pride can affect your decisions around money. As expected, this isn’t exactly the best way to manage your investment portfolio, and Morgan Housel’s “The Psychology of Money'' gives readers tips and tools for combating these biases in the form of 19 short stories that focus on the same topic. Housel is a partner at The Collaborative Fund and has worked as a columnist at The Wall Street Journal.

#3.Best for Debt Management: The Total Money Makeover

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Debt management plays a major role in the state of your personal finances. Need a little help in that area? Take a look at Dave Ramsey’s “The Total Money Makeover.” This New York Times bestseller explains, without mincing words, how to get out of debt and improve your financial picture by avoiding common pitfalls like rent-to-own, cash advances, or using credit. It also offers solid advice on starting an emergency fund, saving for college and retirement, and how to succeed at Ramsey’s famed “Snowball Method” for debt payoff.

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