Best Books to Learn Finance
Reading the best books on finance can improve your education and performance. From reading other great experts in finance who decided to capture their experience and knowledge in a book, many businessmen, investors and entrepreneurs have begun to develop a mind for success.
The books we want to recommend in this article can be useful if your goal is to learn personal finance, to learn how to manage and invest your money, or if your goal is to learn more about the ways of financing companies, with the aim of creating and developing a business project.
These books are written so that entrepreneurs, senior managers and professionals in various fields can learn valuable lessons in financial management and in their personal lives.
The best books to learn finance
Let’s look at some books that will help you improve your finances.
The Intelligent Investor
It was written by Benjamin Graham in 1894 and is one of the most significant books on investing and finance. He is considered the father of “value investing” and one of his main followers is the investor Warren Buffet. This work emphasizes the importance of long-term investment and the purchase of assets for less than their real value. To make an investment, it is essential to analyze the financial report and balance sheets of companies to determine their long-term profitability.
Benjamin Graham’s famous book teaches us many useful things, such as the differences between active and passive investors, why diversification is a long-term strategy and how to protect against inflation.
Principles of Corporate Finance, by Brealey, Myers and Allen
Focuses more specifically on corporate finance, demonstrates the value of problem-solving theory. It explains why large companies act the way they do and how they deal with change. This is an essential book for financial managers. To achieve this, factors such as financial behavior and inventory management are examined.
This book, written by Professors Franklin Allen, Richard A. Brealey and Stewart C. Myers, explains fundamental finance concepts such as value, risk, financing decisions, capital structure and dividend payments, as well as debt financing and corporate management
Rich Dad, Poor Dad
Although it is an outreach work, it is imperative to include Robert Kiyosaki’s famous book “Rich Dad, Poor Dad” when it comes to personal finance. It is a basic book on financial education that can be inspiring for many entrepreneurs who want to learn basic principles about investing, money, work and finance. This can also apply to your entrepreneurial mindset about financial management. When it comes to investing and financial management, Robert Kiyosaki is a leading entrepreneur and speaker.
Lords of Finance: The Bankers Who Broke the World
Although it is a book focused on economic history, it is also very useful for those who wish to learn about corporate finance and the financial system. This book, written by Liaquat Ahamed, takes us to the financial crisis of ’29 and explains its causes and origins based on the actions of a small group of people (governors of the Federal Reserve, the Banque de France, the Reichsbank and the Bank of England) who contributed significantly to the economic downturn and what was later called the Great Depression.
Principles of Finance Fourth
We are talking about a real financial management handbook that will be very useful for all those interested in financial management. The fundamentals of corporate financial governance, the financial and tax environment, the value of money, risk, financial statements, cash flow and financial planning will be covered in this course.
This work, created by Eugene F. Brigham and Scott Besley, also offers fundamental lessons on operating and financial leverage, corporate capital structure, dividend policy, and short-, medium-, and long-term financing.
An essential book on finance for those who want a thorough understanding of the workings of corporate finance and financial management.
The Richest Man in Babylon
It is one of the oldest books on financial education. A fable shows the factors that contributed to the success of ancient Babylon and tells the stories of several characters, including an Arkad, a young man who works hard but also practices virtue, enabling him to become the richest man in Babylon and buy his freedom.
The Psychology of Money: Timeless lessons on wealth, greed, and happiness
In this book, which is destined to become a classic, Morgan Housel teaches how the psychology of money works and what habits and behaviors are necessary to not only generate wealth but also to keep it. He tries to make readers ask themselves what their relationship with money is and what they really want from it.
Think and Grow Rich
One of the classic books on finance. Napoleon Hill explains the formula of tycoon Andrew Carnegie to make money and be successful. The book was written in 1937 and tells the philosophy followed by the richest men of that time.
Your Money or Your Life
Although this book was first published in 1992, the principles unearthed in it are still valid.Since then, “Your Money or Your Life” has been updated and improved, and it is praised for addressing both traditional and cutting-edge methods of managing finances. It can also offer some insight to a diverse group of readers on topics like debt relief, long-term savings plans, and fundamental investing techniques.
Get Good with Money: Ten Simple Steps to Becoming Financially Whole
Tiffany Aliche, dubbed the “Budgetnista,” outlines her 10-step plan for achieving financial serenity. Her approach emphasizes financial completeness and opposes the needless complexity and impracticality of conventional financial guidance. According to Aliche, the book’s emphasis on quick fixes for long-term problems has helped over a million women worldwide who are having difficulty saving money and paying off debt. You can get the book here.
Financial Freedom: A Proven Path to All the Money You Will Ever Need
Having financial independence can mean being able to leave a job you don’t love or take a trip around the world, and this book offers a methodical approach to reaching either of those objectives. Though some originality and unconventional thinking would probably be required, his guidance is also doable and realistic. The final objective of his themes, which include employer negotiations, side projects, and investment strategies, is to free up more time for the things you love to do. The book is available for purchase here.
The Total Money Makeover: A Proven Plan for Financial Fitness
Highly praised for its strict approach to financial management, “The Total Money Makeover” has the potential to significantly improve the lives of people who are having financial difficulties due to debt and credit card debt. Families should begin with seven steps, according to Dave Ramsey: set aside $1,000 for an emergency fund; use a debt “snowball” technique to pay off all debt (excluding the mortgage); and save three to six months’ worth of spending in an emergency fund that is completely funded. Purchase the book at this link.
The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
This book can be quite enlightening, especially for younger people and newlywed families. This book reveals the true face of a billionaire, which can surprise you, by fusing statistics and professional expertise. The book can be purchased here.
Books are a great way to learn about finances because they provide a wide range of perspectives and information. When choosing a book, it’s critical to take their level of experience and financial goals into account. If you’re a beginner, look for a book that offers a general introduction to financial concepts. If you have more experience, you might look for a book that covers more advanced subjects like investing or financial planning.
Not only is it crucial to choose the right book, but it’s also crucial to read it actively. Make notes, ask questions, and look for examples of how to apply the concepts you are learning to your own life. It is also crucial to put what you are learning into practice. For example, you could make a budget, invest in an investment fund, or just start saving more money.