5 Financial Books To Read In 2020
Warren Buffett once said,
“Read 500 pages like this every day. That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.”
Exactly! Why are we not doing it?
Bill Gates is said to read 50 books in a year to learn new things and to test his understanding. He even has a whole website dedicated to books and his reviews about them!
We all know that we should read books. Many of us probably have books sitting on a shelf gathering dust. But, we keep ignoring the books and choose social media instead.
Do you know that financial books are among the best guide to get in control of your finances? The world’s leading finance gurus and leaders swear by books, and I can’t see any reason why we are not emulating that simple step in our lives.
Need more reasons to get started with financial books?
All the above are crucial to make sure your financial journey is a rewarding one.
We have raked websites and bookstores to bring you financial books that people all over the globe have gained from to reach their financial goals.
So, why not get straight to the financial books you should read in 2020? Get your New Year resolutions list ready!
Rich Dad, Poor Dad by Robert Kiyosaki
This book will give you a different perspective into how people deal with their finances. Rather than focusing on complex and intimidating theories and advises, the author has emphasised on the importance of attitude and mindset as the most important element of financial planning.
Kiyosaki compares his not-so-rich father to his friend’s father and how they manage their money. What makes this book highly effective is the fact that it focuses on changing the attitude towards money which can be done by anyone at any point in life, only if you want!
The Automatic Millionaire by David Bach
Becoming a millionaire by the age of 30, the author David Bach is the most suitable person to write a book about becoming a millionaire.
His tips are sound, practical and focuses on cutting the spending and increasing the saving.
He has successfully popularised notions such as “Automatically paying yourself first” and “The Latte Factor” and compound effect. Even if you don’t have the urge to become a millionaire by 30, you can still make great strides towards a financially secure retirement through the ideas in this book.
The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich by David Bach
As its namesake, the book delivers a one-step plan to achieve your financial goals.
Detailing the story of a couple with average income with mortgage-free home and considerable retirement savings, the author focuses on moving you towards this one-step plan.
Good news is, it doesn’t involve budgeting, hustling and surprisingly, you don’t need to earn a six figure salary every year. Aren’t you curious yet?
Tap Dancing to Work by Carol Loomis
Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2012 elaborates on Warren’s thoughts on business and investing.
Readers will learn about Warren’s consistency in applying his vision and investment principles throughout his career. Now, that is an insight many would fight for!
A book about Warren Buffett, highly recommended by Bill Gates is the perfect choice for those who want to get the gist of investing and eliminate worries and concerns you might have with regards to starting your investment journey.
The Total Money Makeover by Dave Ramsey
This book aims to help people get rid of their debts. With just seven steps, the author will help you to get back on track with your finances after eliminating your debts.
Besides the seven-step plan, the book also reveal 10 most dangerous myths surrounding money, ways to secure a healthy emergency fund and start saving for retirement.
With over 50 real-life stories from people who have applied the seven-step plan and have gained from it, you will be delighted to learn many ways to incorporate the seven steps in your life.
If you are feeling overwhelmed with your debts or if you are already straddled with loans and credit card debts, it’s time to pick this book up.