Books have always been a great influence on everyone, while making financial decision if you’re a novice or are just perplexed these can restore some order to your chaotic mind. Giving you a much need start to understand or be helpful in guiding you to make the required decision regarding your finances. These personal financial books aid in better money management, which sadly our education system fails to provide us with, even though we might have the edge because of the finance course we took during our school/college days. These financial books are entertaining, encouraging and easily accessible on amazon or even as e-books/audiobooks (As per the excerpts given on Amazon portal).
Nudge- Improving Decisions about Health, Wealth and Happiness by Richard H. Thaler,
Cass R Sunstein:
Every day we
make decisions: about the things that we buy or the meals we eat; about the
investments we make or our children's health and education; even the causes
that we champion or the planet itself. Unfortunately, we often choose poorly.
We are all
susceptible to biases that can lead us to make bad decisions that make us
poorer, less healthy and less happy. And, as Thaler and Sunstein show, no
choice is ever presented to us in a neutral way. By knowing how people think,
we can make it easier for them to choose what is best for them, their families
and society. Using dozens of eye-opening examples the authors demonstrate how
to nudge us in the right directions, without restricting our freedom of choice.
Nudge offers a unique new way of looking at the world for individuals and governments
alike.
This is one of the most engaging, provocative and important books you will ever read.
Common
Sense on Mutual Funds by John C. Bogle:
Since the
first edition of Common Sense on Mutual Funds was published in 1999, much has
changed, and no one is more aware of this than mutual fund pioneer John Bogle.
Now, in this completely updated Second Edition, Bogle returns to take another
critical look at the mutual fund industry and help investors navigate their way
through the staggering array of investment alternatives that are available to
them.
Written in a
straightforward and accessible style, this reliable resource examines the
fundamentals of mutual fund investing in today's turbulent market environment
and offers timeless advice in building an investment portfolio. Along the way,
Bogle shows you how simplicity and common sense invariably trump costly
complexity, and how a low cost, broadly diversified portfolio is virtually
assured of outperforming the vast majority of Wall Street professionals over
the long-term.
The
Intelligent Investor by Benjamin Graham:
It is a
widely acclaimed book by Benjamin Graham on value investing. Written by one of
the greatest investment advisers of twentieth century, the book aims at
preventing potential investors from substantial errors and also teaches them
strategies to achieve long-term investment goals.
Over the
years, investment market has been following teachings and strategies of Graham
for growth and development. In the book, Graham has explained various
principles and strategies for investing safely and successfully without taking
bigger risks. Modern-day investors still continue to use his proven and
well-executed techniques for value investment.
The current
edition highlights some of the important concepts that are useful for latest
financial orders and plans. Keeping Graham's unique text in original form, the
book focuses on major principles that can be applied in day-to-day life. All
the concepts and principles are explained with the help of examples for better
clarity and understanding of the financial world.
Combination
of original plan of Graham and the current financial situations are the reason
behind this book’s preference today’s investors. It is a detailed version with
several wisdom quotes that are likely to change one’s investing career and lead
to the path of financial safety and security.
The
Psychology of Money by Morgan Housel:
Timeless
lessons on wealth, greed, and happiness doing well with money isn’t necessarily
about what you know. It’s about how you behave. And behavior is hard to teach,
even to really smart people. How to manage money, invest it, and make business
decisions are typically considered to involve a lot of mathematical
calculations, where data and formulae tell us exactly what to do. But in the
real world, people don’t make financial decisions on a spreadsheet. They make
them at the dinner table, or in a meeting room, where personal history, your
unique view of the world, ego, pride, marketing, and odd incentives are
scrambled together. In the psychology of money, the author shares 19 short
stories exploring the strange ways people think about money and teaches you how
to make better sense of one of life’s most important matters.
Atomic
Habits by James Clear:
World-renowned
habits expert James Clear has discovered a simpler system for transforming your
life. He knows that lasting change comes from the compound effect of hundreds
of small decisions – doing two push-ups a day, waking up five minutes early, or
holding a single short phone call. He calls them atomic habits.
In this
ground-breaking book, Clear reveals how these tiny changes will help you get 1
percent better every day. He uncovers a handful of simple life hacks (the
forgotten art of Habit Stacking, the unexpected power of the Two Minute Rule,
or the trick to entering the Goldilocks Zone) and delves into cutting-edge
psychology and neuroscience to explain why they matter. Along the way, he tells
inspiring stories of Olympic gold medalists, leading CEOs and distinguished
scientists who have used the science of small habits to stay productive,
motivated and happy. These small changes will have a revolutionary effect on your
career, your relationships and your life.
There are
many more, which you can search online, to cater according to your needs and demands, the
main motive however, is to make you the master of your finances.
