There are numerous personal finance books on money management and building wealth.
Though most of these personal finance books are for western readers, a few of them we can relate and use in Bhutanese context.
Therefore, I have prepared this list of 10 personal finance books you can read to improve your financial quotient.
01. The Intelligent Investor
One classic on value investing. It gives timeless principles of successful long-term investing.
Asha Warren Buffett also recommends it. If you want to start investing, you can’t miss it despite being bit technical.
02. The Millionaire Next Door
It reveals some surprising things of millionaires over-turning a notion of lavish lifestyles of rich people in America.
I realized the importance of frugality, disciplined saving, and living below means.
03. Rich Dad Poor Dad
The author contrasts the financial teachings of his rich dad with those of his poor dad.
It is all about the importance of financial skills; entrepreneurship and investing for achieving a prosperous life.
04. Your Money or Your Life
It shares a transformative approach of aligning our spendings, values, and life goals with our resources of time and money.
It emphasizes financial independence and early retirement unique from a traditional sense.
05. I’ll Teach You to Be Rich
It gives practical advices on how to save money, manage them, and invest them for returns.
How to automate finances, optimize credit cards, and make conscious spending decisions, Ramit had packed them all.
06. The Automatic Millionaire
The book tells how to ‘pay yourself first’ in this modern context with automatic savings and investments.
He shares strategies to achieve wealth without strict budgeting or deprivation.
07. The Richest Man in Babylon
The classic set in the ancient city of Babylon that gives timeless lessons on money using various parables.
It focuses on the importance of saving, investing, protection, and living below means.
08. The Total Money Makeover
The book outlines a step-by-step plan to get out of debt, building an emergency fund, and then creating a solid financial foundation.
Ap Dave Ramsey kept all contents practical and simple. He is against taking debts.
09. The Millionaire Fastlane
It challenges conventional beliefs and principles of financial management – advocating passive income and entrepreneurship.
It gives other sides of books like Rich Dad Poor Dad and also Millionaire Next Door.
10. The Psychology of Money
Ap Morgan Housel explores the behavioural and psychological parts of money management.
It delves into why people make certain financial decisions, and also how emotions can influence how rich one can become in life.
Which of these personal finance books you read? Comment if you have your recommendations as well.
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