10 Financial Books For Beginners You Should Read
In your beginning journey to financial success, there will be some materials that you’ll need to equip yourself with, the importance of preparing yourself with some best financial books for beginners can not be overemphasis.
It is not enough to wish to reach a desired successful destination, some deliberate efforts have to be made to ensure that.
Knowledge is everything to growth, reading books presents you with the opportunity to gather a lot of experiences from people who are already in the place you are desiring and reaching for, and learning their step by step guide on how they attain such heights documented in the books will save you a lot of struggles and difficulties and greatly reduce mistakes regrets.
Reading books on financial management and investing will significantly improve your financial future and give you reasonable confidence when making financial decisions.
Great things in business are never done by one person. They are done by a team of peopleAn investment in knowledge pays the best interest.
Financial literacy is critical in your walk to financial success, you may not completely agree with all the different ideologies and strategies mentioned in the different books by the different authors but having the knowledge these books offer in financial management is a good skill to have under your belt cos you will surely need them.
What Is Financial Literacy?
Financial literacy is the bases of every financial development, it is the ability to cognitively understand and effectively use various financial skills, like investing, budgeting, loans, taxation, and personal financial management and development. The absence of these skills is referred to as being financially illiterate.
Financial illiteracy affects people in whatever economy or country around the world, both developing and developed, from Africa to America, Asia, Europe, etc, it is a major challenge for many including businesses and individuals.
Financial literacy gives a good head start in financial management knowledge that will make you financially responsible and confident. Financial literacy includes debt management, creating a budget, and understanding the differences in various financial tools.
Having briefly defined and understood what financial literacy is, let’s go ahead and recommend the 10 best financial books for beginners you should have in your library.
1. Rich Dad, Poor Dad – Robert Kiyosaki
Rich Dad Poor Dad is an all-time important material, one of the best financial books for beginners, to anyone just beginning the journey to financial freedom. Published in 1997 by Robert T. Kiyosaki and Sharon Lechter. Rich Dad Poor Dad has been one of Robert Kiyosaki’s best-seller. The book explains the different mindsets between the poor, the middle class, and the rich.
In Rich Dad, Poor Dad Robert emphasizes the importance of financial literacy, financial independence, building wealth through investments, and owning businesses, as well as increasing one’s financial intelligence
Robert in the book tells the story of two dads one poor and the other rich and the ways in which both men shaped his thoughts about money and investing.
2. Richest Man In Babylon – George S. Clason
The Richest Man in Babylon is a book written by George S. Clason in 1926 that gives financial advice through a collection of parables from ancient Babylon. set 4,000 years ago in ancient Babylon.
This book reveals the secret to personal wealth and the Success Secrets of Ancient Babylon also known for its significant insights on making and saving money with references.
With 44,000 sets of parables, countless readers have been helped by the famous “Babylonian parables,” considered the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth
If you want to acquire gold or significant financial success, this book is one book you should have in your library. Discover solutions to all your financial instability through the lifetime of practical financial wisdom embedded in this book.
3. I Will Teach You to Be Rich by Ramit Sethi
The book ”I Will Teach You To Be Rich”was written by Ramit Sethi in 2009, and published by Workman publishing company the same year has been a New York Bestseller.
”I will Teach You To Be Rich” is one of the Best Financial Books For Beginners Ramit Sethi will in this book teach you how to negotiate like an Indian, with captivating financial management methods and a unique approach to personal financial management.
4. The Money Book For The Young Fabulous & Broke by Suze Orman
one of the best financial books for beginners is ”The Money Book for the Young, Fabulous & Broke” by Suze Orman it gives answers and a detailed guide to young people who want to discover their way out of debt and poverty. In this book, Suze gives a step by step advice concerning your financial needs which can take you out of debt and being broke.
5. The Millionaire Next Door by Thomas J. Stanley
Do you want to know who the rich are, and what they do when it comes to investment? You will discover these answers and more in ”The Millionaire Next Door” written by Thomas J. Stanley and originally published in 1996.
The Millionaire Next Door, tells the never-before-told story about wealth in America. You’ll be surprised by what you find out.
6. Your Money or Your Life by Vicki Robin and Joe Dominguez
Your money or Your Life is written by Vicki Robin and Joe Dominguez and originally published 1992, this book offers an elaborate guide on how to have complete control over your money and teaches you how habits can affect your finances.
Understanding the trade-off between how much work is required to afford different things had a huge impact on my financial decisions.
If you knew it takes you 4 hours of work to pay for that lunch out at McDonald’s would yo
Millions of people everywhere around the world have discovered ways to gain control of money and confidence in this comprehensive book on financial management.
7. The Science of Getting Rich by Wallace D Wattles
The Science of Getting Rich is a book written by Wallace D. Wattles and published in 1910 by the Elizabeth Towne Company. This book will transform your approach to wealth creation.
In this book, Wallace Wattles shows how to use the power of thought and willpower to get rich.
You will discover how creative and progressive thinking can attract you to a wealthy place and reach your desires.. This book will show that by focusing only on what your heart desire and believing that those things are yours you can have them.
8. Total Money Makeover by Dave Ramsey
The Total Money Makeover is one of the best financial books for beginners written by Dave Ramsey and was originally published in 2003 with an updated edition published in 2007 and 2013.
The book gives a step-by-step guide on how to get out of debt by a strategic reduction in expenditure. If you’re struggling with credit card debt, this book will provide you with a step-by-step guide to getting your money issues fixed.
9. Set for Life by Scott Trench
Set yourself up as early as possible and enjoy live life on your terms!
”Set For Life” was written by Scott Trench and published in 2017. Set for Life gives young professionals the fiscal confidence they need to conquer financial goals early in life
Getting wealth in a short period of time involves working smarter than the average person, and Set for Life takes you through a step by step guide on how to do just that
10. The Simple Path to Wealth by J.L. Collins
”The Simple Path To Wealth”, written by JL Collins and published in 2016 provides a pathway to financial independence and free life with a simple, engaging, and practical guide to mastering your finances and achieving financial freedom with minimal time and effort.