I think one of the reasons why we can't handle money is that we don't have enough knowledge when it comes to the use of money. we have always heard that budgeting is the key to financial fitness I like how Dave Ramsey said"a budget is people telling their money where to go rather than asking where it went"
Like a skill handling of money can be taught here I will name 5 books that can help to improve your financial life.
1. Richest man in Babylon by George Samuel Clason.
If you are looking for traditional, actionable and effective financial wisdom; then this book is perfect for you.
The author shares invaluable lessons from the point of view of a very rich man named Arkad. Babylon was the wealthiest city in the ancient world and Arkad was the richest man living in that city.
Arkad shares his secrets of becoming the richest man and how others can achieve the same prosperity. He shares financial advice in an easy to understand and implementable manner. His major lessons like – ‘Seven Cures for a Lean Purse’ & ‘The Five Laws of Gold’ are worth to take notes from and apply immediately.
This book serves as a guide of financial education for many generations to come.
2.Think and grow rich by Napoleon Hill.
This book conveys the experience of more than 500 man of great wealth,who begins with nothing,to give in return they gave expect thought,ideas,plans on how to accumulate wealth.This book‘s philosophy centers around the idea that success, in any endeavor, can be reached through mental visualization and imagination. To put it in simple terms, you can become anything that your mind deems possible; as a result, your mind becomes the one thing that can either stop you or propel you toward becoming the best version of yourself.
3.Rich Dad Poor Dad by Robert Kiyosaki
a best-seller that has sold nearly 40 million copies worldwide.
Rich Dad, Poor Dad should be viewed as a general starting point — a investment/startup summary, rather than a list of specific items to do as an entrepreneur.
Robert Kiyosaki emphasizes six key points through out the book. These points — which differentiate between his “poor” dad (his real dad) and the “rich” dad that helped him understand business.
4.The millionaire next door by Thomas jay stanley
This book is about real life Millionaires. Yet, it doesn’t talk about making money or investing. It focuses on something that most people ignore till they learn it the hard-way. It talks about frugality, conservation and economical consumption.
The author personally met and interviewed hundreds of millionaires across America. He discovered one startling fact. Most of the people who became Millionaires and maintained their status were living below their means.
He also discovered many people who first became Millionaires but couldn’t maintain their status for long. They brought luxury items, branded clothes, gadgets, etc. to ‘appear’ rich. They wanted people to notice their newly found success and status. During difficult situations, they went deeper into debts and lost all their wealth.
This book focuses on critical financial aspects. How to save money, economical spending habits and passing on wealth to future generations like millionaires do. With the real-life stories of Millionaires, it serves as a learning curve for all of us.
5.The total money make over by Dave Ramsey.
this is a very nice finance book. Mostly didn't like how it was written. Emphasized how his method was a proven way to get debt free too much and talked about god way to much for my taste. But finance advice was on point through the book.
This book will teach how to get out from debt and how to create wealth without credits cards and banks a reaping people off.
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