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5 Best Personal Finance Books to Read in 2020

“The best investment you can make is an investment in yourself…the more you learn, the more you’ll earn”

This is one of the best quotes by Warren Buffet, who is not just a successful investor but a business tycoon and a philanthropist.

In my last blog, I talked about the importance financial literacy and gaining knowledge about finance. Internet us the best source to gather information about personal finance and investment. However, nothing beats an old-fashioned book if you want to lean about a specific topic.

In this post, I’ll share some of the best books on personal finance that you can read in 2020 if you really want to transform your finances.

1. Rich Dad, Poor Dad by Robert T. Kiyosaki

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Rich Dad, Poor Dad is one of the best books on personal finance where the author, Robert Kiyosaki tells the differences of opinions on what both rich and poor think about money.

This is undoubtedly a masterpiece as it talks about two different dads living in different world altogether.

This book tells why you should make money work for you rather than you work for money and it also explores some of the ways where you can allow money to work for you even while you’re sleeping.

2. The Intelligent Investor by Benjamin Graham

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The Intelligent investor is one of the greatest book on investing that has been ever written as claimed by the investment guru, Warren Buffet.

The book, was earlier published in 1949, is a classic book that focuses on value investing and tells you that the underlying principle of investing remains the same.

In this book, the author teaches you how to minimize your chances of suffering losses and maximize your potential of achieving wins. 

3. The Richest Man in Babylon by George S. Clason

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“A part of all you earn us yours to keep”

The Richest Man in Babylon is a classic book for all those who’re looking for some financial wisdom.

The author, George Clason, have provided a collection of fables from Babylon on how you can become wealthy and save money. The book is a perfect guide to understand finances and has been inspiring readers for generations.

It also guides the readers to address modern-day financial problems that is coming on their path of financial freedom. It consists of several Babylonian rags to riches stories that will boost your confidence and solve all your financial problems.

4. Think and Grow Rich by Napolean Hill

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Think and Grow Rich is another bestselling non-fiction book of all times written by Napolean Hill that talks about certain secrets to lead a successful life of prosperity.

The book begins with manifesting the fact that it is important to have a strong desire and definite purpose if you want to lead a meaningful life. This book also illustrates that it is all in the thought process as the richness begins with a state of mind.

If you want to become rich then you must first change your thoughts and become money conscious. In the book, Napolean Hill mentions that you must literally THINK yourself as RICH. This book also shows you how you can think yourself as rich and how to control your thoughts and emotions so that you can become rich.

This book is a curation of most common habits of successful and wealthy people. If Intelligent Investor is a bible for investing then Think and Grow Rich is a bible to have a successful mindset.

5. Your Money or Your Life by Vicky Robin & Joe Dominguez

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This book is another best book on personal finance that provides step-by-step approach for your finances. It also provides steps to transform your relationship with money and achieve financial independence.

The book put emphasis on making money to build a life that makes you happy. It is perfect self-help book that allows you to ask yourself whether you’re willing to earn less money to achieve true happiness and earn back more time.

Final thoughts

There are many books available on personal finance but this list can be a good starting point on your road to financial success.

So, what do you think? Have you read any book lately to understand personal finance?

Disclaimer: There are affiliate links in this post, meaning I may make a small commission at no additional cost to you.

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