Money is the anthem to success, but it is a subject that is strange and hard to understand for many people. Money is also a taboo subject in many households, meaning that young people grow up with little to no understanding of what money really means and what role it plays in their lives. If you are looking to become a successful individual, you have to understand money and its workings. To aid in that knowledge, we have collected three books that will help educate you on all matters money-related. From personal finance to money management to all sorts of other money matters, these books are a valuable tool for the money novice to the wealth expert.
’Total Money Makeover: A Proven Plan for Financial Fitness’ by Dave Ramsey
Dave Ramsey is the face of personal finance for many people and his ‘Total Money Makeover’ is a must-have for young people just entering the world of wealth (as well as anyone seeking to better understand finance and money management). This book aims to teach how to avoid or get out of debt while managing your money in a smart way that will secure you for life. Ramsey debunks many money myths and helps teach you how to avoid “get rich quick” schemes and see past many of the deceptive tactics out there in the financial world. He teaches the art of creating a good budget and how to use one to track and build wealth. If you’re clueless on the world of money or struggling to keep your head above the water financially, we cannot recommend this book enough.
’I Will Teach You to be Rich’ by Ramit Sethi
Sethi’s book is aimed at those who are financially clueless and need to gain a more practical approach when it comes to money and personal finances. Although this book is meant to teach and correct, it is nonjudgmental and easy to read and enjoy. The strategies within focus on four pillars of money: banking, saving, budgeting, and investing. It also delves deep into personal finance and becoming a self-sustaining entrepreneur. This book offers a fresh and unique perspective that is particularly geared towards financial novices; it debunks countless money myths and lays out complicated money concepts in layman’s terms so that everyone can better understand, maintain, and grow their personal wealth.
’Thinking, Fast and Slow’ by David Kahneman
Kahneman has taken a revolutionary approach to the way we think and how those processes affect the way we regard money. He engages the reader in a conversation about intuition and how slowing down to think more rationally can positively affect our financial lives and futures. Although ‘Thinking, Fast and Slow’ is focused on more than just money, it is a valuable resource to teach us all about the financial world. ‘Thinking, Fast and Slow’ can help us better understand how our choices really affect our personal lives and about making better choices in regards to finance. This book is a great resource into the human thought process and how we can better organize our impulses for growth.