Top 5 Best Financial Books of 2020 that you should Read

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Below we are sharing a few good resources that every individual should keep handy. Personal financial management is not a task but it’s an art. It’s the art of achieving future goals and minimizing multiple financial associated risks. No matter how much monthly you are earning but if you fail to manage your personal finance then you are preparing to fail in your life. Personal finance management is a simple idea as simple as having a clear understanding of where to spend hard-earned money.

“If you buy things you do not need, soon you will have to sell things you need — Warren E. Buffett”

As we hear that famous line, “Books are the best friend, teacher, and partner of a human being”. Today we are going to have a quick look at some of the bestselling books that will help our readers to enhance the knowledge of finance.

Every day thousands of finance sector-related books are being released in the market worldwide. However, as a team we are committed to researching, analyzing and then picking up the best material to our users. Without wasting a single moment let’s have a quick overview of some of the top bestselling personal finance books.

1. Security Analysis by Benjamin Graham


As a name suggest this book is all about securing your hard-earned money while investing. An investment strategy is defined in this book at a very fundamental level. The first publication of this book is published in 1934. A security analyst is one of the best influential financial books available in the market.

“A road map for investing that I have now been following for 57 years – These are the forewords from Warren E. Buffett for this book”

Why Buy this book
      • This book contains the investment approach followed by Warren E. Buffet
      • This book contains the best techniques for value investing
  1. The Intelligent Investor by Benjamin Graham


This is one of the inspiring content we have discovered. In the first place, we loved the commentary and would like to appreciate the commentaries and epilogue. This book is going to be un-ironically the greatest investments if you have not read this book so far. As the name itself suggest this book is only for an investor but not for a day trader or an investor who is looking for a short-term investment.

“By far the best book on investing ever written. – These are the forewords from Warren E. Buffett for this book”

Why you should buy this book
      • If you are looking for a long-term investment opportunity then this book is the best buy for you
      • Graham’s philosophy always concentrates on minimizing the loss. This book will help you to understand how can you minimize the losses, maximize the chances of sustainable gain, and most importantly emotional discipline.
  1. Rich Dad Poor Dad


This book is all about What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not. This is a well written and must-read book written by author Robert T. Kiyosaki. This book will teach you a foundational financial intelligence in a smart way. This book is all about to let you know how to keep money inflow.

Why you should buy this book
      • You will learn how you can buy the asset and then let your asset help to generate more money
      • You will learn the importance of keep increasing the assets by reinvesting surplus cash flow in more asset
      • This book will help you to understand, how the cash flow is more important than the net worth

4. The Total Money Makeover


book is written by author Dave Ramsey. Another well-written book for all those individuals who are tired and exhausted by listening to the repetitive lies of short cuts to get rich. This book is written in such a way to help you to design your plan to pay off all your debts and secure hard-earned money for emergencies and in retirements.

Why you should buy this book
      • If you are concerned more about the increase in credit card bills and about the bank balance which is draining drastically then you should read this book.
      • If you are not a believer in keeping monthly budget written and worried about money then this will be the best buy for you.
      • This book will help you to understand the difference between spending made via cash and the purchases made via plastic cards like credit and debit cards.
      • This book will help you to understand the importance of financial planning by elaborating the practical examples

5. The Automatic Millionaire


the bestselling book is written by author David Bach. This book will tell you about the importance of management. This book is in the form of the story. A story of a couple who hardly able to earn 50 thousand dollars a year together. But still, how they were managed to buy a debt-free house, kinds of education and the savings of a million-dollar is illustrated in this book.

Why you should buy this book
      • This book will give you a realistic approach to managing hard-earned money
      • This book focussed a very realistic approach to pay yourself first which help you to start financial planning on the right path
      • This book will teach you a great lesson in the form of storytelling instead of complex mathematics.

As above mentioned, are the best financial books which are being analyzed by us and found best suitable for everyone’s needs. Financial planning is a crucial aspect of success in life and to do that you need to understand your income first. Managing your income is the best way to understand how much money you will need for your monthly budget; how much money you can save for an emergency and how much money you can keep invested.

Conclusion:

Lack of awareness about the money management land people in trouble when it comes to an emergency and worst at their retirement age. Knowing the importance of financial management will help the individual to safeguard their future in a crisis.

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