Have you ever thought that some peoples manage they’re so efficiently such that they were born with a calculator while others don’t? That’s just because of the financial skills that they have developed with time. If you want to have those financial skills, then, you must read these 5 financial literacy books. But before we go to our Best Financial Literacy Book in 2021, let’s see what the real meaning of Financial Literacy is and what the importance of Financial Literacy is.
What is Financial Literacy?
Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing.
5 Best books on Financial Literacy
When it comes to financial literacy, then, this book must have to be on the top of the list. This book includes 99 straight forward financial investment principles that are generic, straight forward, easy to follow for beginners, actionable, and sometimes common sense.
The author, Cary Siegel, is a retired executive. After earning his MBA from the University of Chicago, he began his career in brand management with Kraft and continued to lead a number of marketing and sales companies. He has been the keynote speaker at over fifty sales and marketing meetings and has been honoured with over twenty awards in his career. Following the principles from this book (along with hard work) allowed him to retire at the age of forty-five.
If you have still not read this book, then, you definitely read this at least once.
2. The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
I have put this in the second position because in the present the importance of investing exceptionally high. Investing is key element in money saving & management as well as in financial planning. In the field of investing, The little book of common sense investing is always the first choice of many peoples.
Owning and holding a diverse range of stocks over the long term is a winning game. However, there is no better guru than the well-known investment expert John C. Bogle to find out how to get the best benefits from index fund. Founder of the Vanguard Group and creator of the index fund, Bogle relied primarily on index investments to build up substantial cash flow. With “The Little Book of Common Sense Investing,” he aims to help you do the same thing. A best-selling investment read, this book offers new information, insights and perspectives on investment and wealth building.
If you have not read this book till now, then, read this now:
3. Rich Dad Poor Dad – Best for Financial Literacy
By Robert Kiyosaki, 2001, 240 pages
Obviously, one of the most popular and well known book in market for financial literacy and financial knowledge.
If I have to summarise this in one line, then, I would say: The main reason people are struggling with financial problems is that they spend a few years in school but don’t learn anything about money and investment. The result is that people learn to work in the service of money. But never learn to put your money to work for them.
This book teaches you a lot about money.
4. Your Money, Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence
Your Money or Your Life: Transforming Your Relationship with Money and Achieving Financial Independence, by Joe Dominguez and Vicki Robin, is absolutely one of my favourite books ever and perhaps the best book on personal finance ever written. This book is mainly about living within your means by changing your habits and enjoying life.
This book actually talks about some questions like:
- Who are the rich in this country?
- What do they do?
- Where do they shop?
- What do they drive?
- How do they invest?
- Where did their ancestors come from?
- How did they get rich?
- Can I ever become one of them?
If you want to get the answers of the above questions, then, you must look upon this awesome book NOW!!
So, you must have to start from today, from now. Select any book above, start reading that. (For ease of finding, I have also provided you with the Amazon Link).
So, That’s it for now, we’ll meet again in our next blog on Financial Literacy and Financial Independence.
Cheers to learning!