Top 10 Financial Literacy Books

If a person does not even have an initial level of financial literacy, then there is a great risk that he will never be able to achieve material well-being, because of which his family will have to drag out an unenviable existence all his life. This state of affairs will continue until he learns to some extent how to properly handle his means and take steps to improve the situation. Of course, this experience cannot come from nowhere.

In order to effectively use your personal potential, you need to develop, and the best books on financial literacy, which at one time managed to become bestsellers, will be good helpers in this matter. We present to your attention the top 10 popular books that can direct your strength in the right direction and help improve your financial situation.

10 Robert Kiyosaki, Sharon Lechter CASHFLOW Quadrant

This work of two eminent authors in an accessible form shows in detail why people with low or average incomes do not have the opportunity to secure the highest possible level of financial independence for themselves, and in which sector of the quadrant you need to be in order to change this state of affairs. The book describes ways to organize passive sources of income, so it is very popular among people who are not endowed by nature with excessive workaholism.

It should be noted that the “Cashflow Quadrant” is a kind of continuation of the equally well-known textbook on financial literacy “Poor Dad, Rich Dad”

9. John Barr Williams “Investment Value Theory”

When the book first became available to the general public, it was nothing more than a Harvard Ph.D. thesis in economics, which the author defended a year before the publication of this work. Despite the fact that The Theory of Investment Value was written more than 80 years ago, it still has not lost its relevance, thanks to the author’s painstaking work on the issue of valuing financial assets.

8. Peter Lynch “Outplay Wall Street”

One of the most effective financial managers in the United States in his book shares with readers how, armed with only their knowledge and professional skills, it is possible to bypass even the leading investors. His work describes in detail the options for investing. By singling out the most promising ones from the general flow of proposals, in terms of receiving dividends, it is quite possible to find enterprises that deserve attention before experienced investors do.

7. George Soros “Financial Alchemy”

The attitude towards the personality of George Soros, both in our country and in many other states around the world, is very ambiguous. However, hardly anyone would argue that today he is one of the most successful investors in the world. In the new edition of his well-known work, which managed to become a “classic” of professional financial literature, the author shares the secrets of his financial success.

6. George Clason “The Richest Man in Babylon”

Speaking of the best books for improving financial literacy, one cannot fail to mention the famous work of George Clason, which details the basics of investing. After reading this book, a novice investor, having at his disposal even a very modest capital, can make him bring income in a short time.

The author also assigns an important role in the life of a financier to his habits, including: the need to set aside at least a tenth of each of his income, strict cost optimization, the ability to make all his material resources “spin” in a continuous mode, making a profit, and most importantly, constant striving for professional and personal self-improvement.

5. Donald Trump “The Art of the Deal”

This book was written by the author at a time when few could imagine that one of the most successful entrepreneurs in US history would ever sit in the chair of the head of state. The Art of the Deal is a guide for those who want to connect their future with the world of big business. It describes in detail the basic principles of concluding large transactions, managing gambling establishments, and ways to resist bureaucratic routine. Trump also talks in detail about his construction projects, which have become to some extent the hallmark of New York.

4. Andrei Paranich “Personal financial plan. Compilation Instructions»

Knowing the basics of the rational distribution of funds is important for anyone who strives for material independence. What are the financial resources spent on and how to plan your budget in such a way that the funds are enough until the next receipt? How to realize the most daring projects? How to create the basis of your economic well-being and understand how much money is needed to meet all needs? The answers are presented in an accessible form in this entertaining book.

3. Bodo Schaefer “The Path to Financial Freedom”

This work was published a long time ago, but it has not lost its relevance to this day. It contains a huge amount of useful information about what the first steps in business should be, how to start investing effectively, how to pay off creditors faster and how to properly manage income. The author also shares the secret of how to become a financially independent person from a hired worker.

2. Daniel Goldie, Gordon Murray Investment Response. How to secure your financial future

This guide to financial literacy is considered the leader in popularity among books of this format. Here, in a simple and accessible form, the basic principles of successful investment are stated.

How to make money work for you, and not be a “dead weight”? What projects are considered the most attractive in terms of investment? How to reduce the risk of a major loss of deposits? How to work with shares? All this you can learn by reading this interesting book.

1. Konstantin Baksht Taste of Life. How to Achieve Success, Financial Freedom and Control Your Destiny

Here the author encourages the reader to abandon the philosophy of gradual accumulation for a dignified old age. In his opinion, it is much more reasonable to strive to achieve lifelong material well-being in order not only to enjoy all the charms of financial independence, but also to be able to provide your children with a decent start in life.

Konstantin Baksht does not use marketing clichés. He quite on specific examples describes the technology of increasing one’s own fortune. However, the author notes that this book is not suitable as a guide to action for those who want to achieve quick results with minimal effort. True success requires hard work and time. However, it’s worth it!