A Few Of My Favorite Things

When it comes down to professional development, entrepreneurship, and pure pleasure, reading is my go to. It's way up there. The importance of reading books cannot be stressed enough. According to medical practitioners, reading books is a healthy way of exercising the brain; it helps you make important decisions within a few seconds and enables you to connect with other great minds.

Reading rewires the connection our neurons already have to make them work at a different pace when compared to others that do not read.

As a potential entrepreneur, reading is a habit that you should be consistent with as it can help you analyze and get out of difficult situations and implement innovative ideas.

A day in the lives of the richest men in the world shows that they all have a personal library with fantastic book collections, and they spend time reading to keep their brains active.

While other genres can interest you, finance books are vital for an entrepreneur's growth as it goes a long way in helping you shape how you manage your finances and make critical decisions concerning your finances.

Best Finance Books

Without further ado now, let us have a look at the most widely recommended books regarding personal finance.

Now, some of these books are more practical, while others rely on parables to stimulate your brain to think in new ways.

Either way, there is a lot to learn from these valuable pieces, so don’t hesitate to read them!

The Richest Man In Babylon

George S. Clason’s book has been of great help to investors since the 1900s and is still referred to as one of the best finance books you can use to educate yourself about financial literacy; the book preaches savings, discusses the idea of overspending and promotes charity.

George emphasizes that those you give charity to shouldn’t be dependent on your giving but instead use the money given to them as a means of moving out of poverty.

The richest man in Babylon encourages "paying yourself first" or saving every 10 percent of whatever you earn; as a monthly earner with a fixed percentage of saving, if you have other side hustle or you make any free money, you should endeavor to save 10 percent of it till it accumulates to a substantial amount that you invest in generating passive income.

For every 10 percent that you save, you keep pulling yourself out of financial constraints, and if you have the means to save more than 10 percent without resorting to a frugal life, then you can.

Rich Dad, Poor Dad

Robert Kiyosaki’s book will go down as one of the best books written on finance; it gives a two-sided story to each opportunity presented in the book — how the rich will see and utilize the opportunity and how the poor will see and find related excuses not to do it.

The book promotes early financial education for kids as Robert himself started off renting out comic books to other kids at a tender age, worked numerous part-time jobs, and worked as a salesman.

He learned how to talk to potential customers before venturing into real estate.

Rich dad, poor dad gives an eye-opener of how the rich will always stay rich and how the poor might remain poor if they still keep the mentality of keeping only 8-4 or 9-5 jobs.

The importance of buying an asset instead of liability was revealed in the book, which shows why it might be good advice to borrow a loan to acquire an investment; it will be recorded as good debt and not a bad debt after all.

Robert emphasizes, “a college dropout who spends less than he earns is better than a professor who cannot make ends meet,” saving sets you on a path of financial freedom.

Why Didn’t They Teach Me In School

Cary Siegel studied all the laws of making money and put them in such an easy way that a college dropout would quickly grasp.

He mainly wrote the book for his children, who he thought didn’t learn the principles of finances before exploring the world.

Cary embedded 99 principles and 8 money laws into this book to cover all the financial lessons we might have missed in school and that we need in the finance market.

Conclusion

Finance books will undoubtedly provide the education we weren’t taught in school.

Certainly, trigonometry and laws of physics were needed, but finance education wasn’t taught, hence the need to get your hands on finance books.

We consider these 3 specific books to be of prime importance for anyone looking to create sustainable streams of wealth, so do not hesitate to read them!

Which one is your favorite? Comment below!