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Sarang Ahuja—5 Books to Change Your Financial Perspective

5 Books to Change Your Financial Perspective

Finance is not something to be singularly studied and then mastered. It takes time to adequately comprehend everything that feeds into finance and economics, and even more time to keep up with the worldwide and personal changes that can affect the way your spend and make money.

When you’re on the beach this summer, consider mixing up the usual lineup of pulp thrillers with one of these great books on money.

Spend Well, Live Rich: How to Get What You Want with the Money You Have by Michelle Singletary

This is the kind of book that you can judge by the cover. Unpretentious, straightforward and practical, Singletary brings her years of journalism experience to bear on Spend Well. The focus of this book is on common financial questions, with the author providing relatable advice that anyone can follow. If you’re looking to improve your debt situation and spend less, this is the book for you.

Think and Grow Rich by Napoleon Hill

In the wake of the Great Depression, impoverished journalist Napoleon Hill sought the secrets of wealth, interviewing numerous wealthy individuals over the course of two decades. It doesn’t just offer insight into how to be smart with finances, it’s an inspirational book as well, telling the stories of men and women who grew out of their humble beginnings and made names for themselves.

The Devil’s Financial Dictionary by Jason Zweig

Tongue-in-cheek and humorous, Zweig paints a picture of a hostile and unforgiving Wall Street, deciphering jargon while tearing down the individuals that have made finance so difficult to process for many. It’s a survival guide to a dangerous reality, one that can be navigated with a lot of savvy and perhaps a good sense of humor.

Screw It, Let’s Do It: Lessons In Life by Richard Branson

Written by the founder of Virgin, contrary to what the title may suggest, Branson calls for a more holistic approach to building business based on moral values and environmental preservation. Branson talks about the people that inspired him and how he experienced and overcame numerous obstacles on his personal road to success, with the hope that he can spur others to do the same.

Rich Dad Poor Dad by Robert T. Kiyosaki

Kiyosaki tells the story of his two dads, his own, and his “rich dad” who was actually the father of his best friend. He contrasts how both approached money and spending. It teaches paths to financial freedom and the mindset necessary to not spend beyond one’s means. It’s a great way to change one’s mind about how wealth is generated and spent.

Top 5 Finance Books To Read Before You Turn 30

reading book

Becoming financially successful typically cannot be done overnight. It takes a lot of time, practice and decision making to reach the ultimate peak. However, you don’t have to wait until your retirement to live financially free. One of the best things an individual can do to practice financial success is to read. Although it doesn’t sound like much, reading can help expand the mind of individuals and fill your brain with the confidence and power for strong decision making, problem solving, and analytical thinking. Here are 5 books you should read before turning 30, to get on the road to a financially free life.

 

Thinking Fast and Slow by Daniel Kahneman

As previously mentioned, decision making is a very important aspect of finance. Kahneman talks in detail about the two different types of thinking that drag our minds into making decisions, allowing us to understand the reasons behind why and how we make important, life decisions. This book will allow open your mind up in the way that we think and allow you to make choices in a way you never have before.

 

Debt-Free By 30 by Jason Anthony and Karl Kluck

As many people are burdened with debt, they also tend to think that there is no way out. However, Debt-Free by 30 offers resources, tools, and advice by two young men who have reached their peak debt point. The authors were living for and under control of their debt, when they decided it was time to get their lives back. Anyone who’s ever felt like they will never get their life back should consider reading this book and becoming prepared for the challenges that life can take us by. There is a way out.

 

The Money Book for the Young, Fabulous & Broke by Suze Orman

As many young people graduate high school and college and look for the next step in their lives, it is no surprise that millennials don’t know where to begin their financial journey. This book is a step by step guide in understanding your finances straight out of school. It even includes financial vocabulary to help reader gain a thorough understanding of finances in life. Schools typically don’t teach finances in today’s world, so whether you’re looking to buy a house, get out of debt, or come up with a financial plan, this book is a must read.

The Millionaire Next Door by, Thomas J. Stanley and William D. Danko

Many people believe in order to become a millionaire, one must be born into money. However, this book will help you understand why this concept is a myth and what it really takes to become a millionaire. Through hard work, dedication, and financial planning, you can be on your road to financial success.

 

The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money by Carl Richards

We live in a society where buying things for satisfaction controls our financial decisions and spending habits. Richards explains in detail the theory of “the behavior gap” for consumers to understand their reality and have the ability to change their train of financial thought.

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