Managing finance is an important thing to do from the start. With regular finance, financial independence can be achieved later.
Here is a line of good books for managing your finances. Not only teach about what financial freedom is, these books will also enlighten your steps to reach that point. As well as presenting various interesting tips and tricks.
1.Best Overall: Why Didn’t They Teach Me This in School?
Author Cary Siegel first got the idea when he realized how school doesn’t do enough to teach his own children about handling money. This book takes young people to speed when it comes to dealing with finances. You’re never too old to master the 99 principles in this book.
Siegel has summed it up into eight broad lessons. They learned to manage your money so it doesn’t manage you. And this book is very digestible at less than 200 pages. And also easily understood by high school students.
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Best Memoir: Rich Dad Poor Dad
A book written by Robert Kiyosaki and Sharon Lechter. In this book, Robert Kiyosaki tells the financial story of his ordinary father, as well as the father of a very rich friend.
By reading Rich Dad Poor Dad, you will learn that financial education is very important to instill from an early age. Financial education is meant to include investing in assets and property, creating a business, and how to develop it all in order to achieve financial freedom.
You will learn how to stop working for money but start ‘hiring money’.
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Best for Debt Management: The Total Money Makeover
This book deals with budget issues such as marital difficulties and how to pay bills when children are about to continue their education to college.
This is not a get-rich-quick book. But this Ramsey book provides a solid basis for saving. So that emergencies in the next life will not interfere with finances and you can retire comfortably.
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Best for Building Wealth: The Automatic Millionaire
Presented with clarity and detail, this book provides a one-step planning.
At first, the book was almost a fiction with a success story about a couple who made a modest income but kept two mortgage-free homes with significant retirement savings as well.
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Best for Budgeting: Your Money or Your Life
Writers are so bold with the idea that living frugally will actually make you happier. Overall, it’s not about learning to budget but about living within your means by changing habits and enjoying life.
Read now: A Line of Good Books for Managing your Finances (Part 2)