The Top 3 Best Personal Finance Books of 2020
Some people are naturally good at managing their finance. It seems as if they were born with calculators and love toward numbers.
Although some people love to do math, to calculate, and find happiness in fixing their financial life, some people struggle with it.
Moreover, some people really have to learn how to build their own financial skills. This may sound strange, but you can master the financial world by reading books.
Therefore, you must learn, educate yourself, and find the best system to deal with your money.
Here are the best books on the financial topic that can help you boost your knowledge about finance.
1. Why Didn’t They Teach Me This in School: 99 Personal Money Management Principles to Live By
If you think that you could have learned more about math in school, this is the book for you.
The book’s author, Cary Siegel, got the idea for this book when he realized just how big is the gap between schools and money handling.
The goal of this book is to educate young people through straightforward examples, how to love finance, and how to master handling money.
Although 99 principles may sound a lot, they are well divided into eight broad lessons.
These lessons are about managing your money in a way that it doesn’t manage you. Overall, the book is lofty and highbrow, and its about the basics. It seems that the book really works because Siegel did retire at the age of 45.
2. Best for Building Wealth: The Automatic Millionaire
David Bach’s The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich delivers action. This book will provide everyone a one-step plan without unnecessary details.
Simply said, this book is rather outspoken, and if you follow its guidelines, you should reach success in no time.
The book is a success story about a couple who earn a modest income but still owns two mortgage-free homes with wholesome retirement savings. This book is not about over-nigh-success, but about real-life steps that should help you live more on less.
3. Best for Debt Management: The Total Money Makeover
Here, you should know that Dave Ramsey is a finance expert. He talks about money and finances, and when he does so, people sit up and listen. Moreover, they do so with a good reason.
David is a book author, radio host, and so far, he has published and written five New York Times bestsellers, including The Total Money Makeover.
This edition includes raw tactics and budget-busters moves, that should help you send your kid to college with no debt. Since there is no get-rich-quick scheme, this book is not such as well.
The Total Money Makeover is about a solid foundation that can enable you to save money, to save enough money so that the next life emergency might pass as comfortable as possible.
Dave is always focused on paying off your debt so that you can have a clean start. Moreover, he tells you how you can do so,
The Bottom Line
Personal finance is one of the essential skills in this modern time.
You must possess financial strength and knowledge to fight debt, credit cards, and commercials – so you can avoid sudden shops.
You don’t have to read hardcover books, you can simply go online and download them, or find any other finance-related content that might enhance your financial understanding.
Always plan and always learn. Keep up with the easy-to-read books that will explain your financial basics.
Learn how to save money, master paying off your loans, and share your financial knowledge with others.