Finance books are a great way to start your journey with money. You can get insights from people who are highly successful and how they made their immense wealth. It will also give you info on how you can make the best use of your money and how you can make it work for you.
Having financial literacy can help you get the best out of life and make money on the side too. It is a great way to get the best financial advice from the top players in the game.
Here are a few must-read books in your 20s –
Rich Enough?
Written by Mary Holm, one of the finest financial experts in New Zealand, gives you a step-by-step guide to building wealth and how to plan your finances. It gives you a laid-back or easy-to-follow plan in which you can cut your debt while curbing your spending too.
This allows you to save the maximum amount of money that you can, too. The book outlines common traps that you can fall for and how to take steps to secure a better future. Worded in simple-to-understand language, the book even decodes some hardcore finance terms in a very elementary way.
Broke Millennial: Stop Scraping By and Get Your Financial Life Together
If you are struggling with loans and do not know how to make sound financial decisions for your future, then this is the book for you. Erin Lowry gives you a detailed step-by-step guide as to how you cannot be broke anymore.
The conversational tone, combined with practical advice given, makes it easy to understand and follow. It also takes into account the financial environment that you grew up in and how to tackle tough situations like investing and credit cards.
Tales from a Financial Hot Mess
Frances Cook delivers a semi-biographical account of how she overcame her life’s difficulties and made herself financially better. It teaches you how to “not” live the paycheque-to-paycheque life and how you can get out of this trap.
The book contains relevant info on financial literacy and how you can be better than ever. From doable budgeting to smart decision-making, this book will give you a ton of information.
Psychology of Money
This book has 19 short stories that will give you an idea of how different people think about money. Getting to see the fiscal matter from the perspective of someone else will help you think in unconventional ways when it comes to money.
How you behave with money and having a psychological understanding of your patterns will help you get out of unhealthy habits. It teaches you to make better financial decisions and be well off in the long run. It is a must-read for both young and old people alike.
In the end
Reading these books will give you sound advice that you can act upon. See which one suits you best and then take better financial decisions than ever.
