Best Books About Financial Education

Most people have little knowledge about financial education. A lack of financial understanding has been motioned as one of the fundamental reasons numerous people battle with saving and investing. According to a survey, 76% of Indian adults lack basic financial knowledge.

Most people think that having more money will solve their problems but is not having enough money really the problem here? You must have heard about the lucky lottery winners who go broke or start leading the previous lifestyle again after winning the lottery.

Why are lottery winners bad at keeping their money? It’s like you’re given a plentiful amount of resources, but you don’t know how to utilize them.

Having a huge amount of money doesn’t promise you a financially independent life. Instead, you need to invest time and effort into it purposefully.

Financial education is progressively significant, and not only for investors. It is becoming essential for the average family trying to decide how to balance its financial plan, buy a home, fund the children’s education and ensure an income when the parents retire. 

Not having enough money is not the problem but not knowing how to manage that money is. People not having money is only a manifestation of lacking financial knowledge, financial IQ, or financial literacy whatever you like to call it.

Below are some of the best books which I think everyone should read to gain financial knowledge

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

~ by Robert T. Kiyosaki, Sharon Lechte r

It's been nearly 25 years since Robert Kiyosaki’s Rich Dad Poor Dad first made waves in the Personal Finance arena.

It has since become the #1 Personal Finance book of all time... translated into dozens of languages and sold around the world.

Rich Dad Poor Dad is Robert's story of growing up with two dads — his real father and the father of his best friend, his "rich dad" — and the ways in which both men shaped his thoughts about money and investing.

The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.

The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime

~ by M.J. DeMarco

Is the financial plan of mediocrity-a dream-stealing, soul-sucking dogma known as The Slowlane-your plan for creating wealth? You know how it goes-go to school, get a good job, save 10 percent of your paycheck, buy a used car, cancel the movie channels, quit drinking expensive Starbucks mocha lattes, save and penny-pinch your life away, trust your life-savings to the stock market, and one day you can retire rich. 

The mainstream financial gurus have sold you blindly down the river. For those who don't want a lifetime subscription to "settle for less," and a slight chance of elderly riches, there is an expressway to extraordinary wealth that can burn a trail to financial independence faster than any road out there.

 Demand the Fastlane, an alternative road to wealth that actually ignites dreams and creates millionaires young, not old. Hit the Fastlane, crack the code to wealth, and find out how to live rich for a lifetime. 

The Richest Man in Babylon

~ by George S. Clason

Beloved by millions, this timeless classic holds the key to all you desire and everything you wish to accomplish. This is the book that reveals the secret to personal wealth.

The Success Secrets of the Ancients—

An Assured Road to Happiness and Prosperity

Countless readers have been helped by the famous “Babylonian parables,” hailed as the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth. 

In language as simple as that found in the Bible, these fascinating and informative stories set you on a sure path to prosperity and its accompanying joys. Acclaimed as a modern-day classic, this celebrated bestseller offers an understanding of—and a solution to—your personal financial problems that will guide you through a lifetime. This is the book that holds the secrets to keeping your money—and making more.

The Millionaire Next Door: The Surprising Secrets of America's Wealthy

~ by Thomas J. Stanley, William D. Danko

• What do they do?
• Where do they shop?
• What do they drive?
• How do they invest?
• Where did their ancestors come from?
• How did they get rich?
• Can I ever become one of them?
• Get the answers in The Millionaire Next Door, the never-before-told story about wealth in America. You'll be surprised at what you find out...

Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth

~ by T. Harv Eker

Secrets of the Millionaire Mind reveals the missing link between wanting success and achieving it!

Have you ever wondered why some people seem to get rich easily, while others are destined for a life of financial struggle? Is the difference found in their education, intelligence, skills, timing, work habits, contacts, luck, or their choice of jobs, businesses, or investments?

The shocking answer is: None of the above!

In his groundbreaking Secrets of the Millionaire Mind, T. Harv Eker states: "Give me five minutes, and I can predict your financial future for the rest of your life!" Eker does this by identifying your "money and success blueprint." We all have a personal money blueprint ingrained in our subconscious minds, and it is this blueprint, more than anything, that will determine our financial lives. 

You can know everything about marketing, sales, negotiations, stocks, real estate, and the world of finance, but if your money blueprint is not set for a high level of success, you will never have a lot of money—and if somehow you do, you will most likely lose it! The good news is that now you can actually reset your money blueprint to create natural and automatic success.

If you are not doing as well financially as you would like, you will have to change your money blueprint. Unfortunately, your current money blueprint will tend to stay with you for the rest of your life, unless you identify and revise it, and that's exactly what you will do with the help of this extraordinary book. According to T. Harv Eker, it's simple. If you think like rich people think and do what rich people do, chances are you'll get rich too! 

The Behaviour Gap: Simple Ways to Stop Doing Dumb Things with Money

~ by Carl Richards

Why do we lose money? It's easy to blame the economy or the financial markets-but the real trouble lies in the decisions we make.

As a financial planner, Carl Richards grew frustrated watching people he cared about make the same mistakes over and over. They were letting emotion get in the way of smart financial decisions. He named this phenomenon the distance between what we should do and what we actually do-"the behavior gap." Using simple drawings to explain the gap, he found that once people understood it, they started doing much better.

Richards's way with words and images has attracted a loyal following to his blog posts for The New York Times, appearances on National Public Radio, and his columns and lectures. 

His book will teach you how to rethink all kinds of situations where your perfectly natural instincts (for safety or success) can cost you money and peace of mind.

He'll help you to:

avoid the tendency to buy high and sell low; avoid the pitfalls of generic financial advice; invest all of your assets-time and energy as well as savings-more wisely; quit spending money and time on things that don't matter; identify your real financial goals; start meaningful conversations about money; simplify your financial life; stop losing money!

It's never too late to make a fresh financial start. As Richards writes: "We've all made mistakes, but now it's time to give yourself permission to review those mistakes, identify your personal behavior gaps, and make a plan to avoid them in the future. 

The goal isn't to make the 'perfect' decision about money every time, but to do the best we can and move forward. Most of the time, that's enough." 

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