If you want to learn more about personal finance or money, there are hundreds of documents available online that cover these topics in detail. And each claims to be better than the other. Much of this content espouses the virtues of personal money management and how wise and smart people swear by it. Then there are also free courses offered on the educational platform and on social media platforms, such as TikTok, YouTube and Instagram. But then you’d probably rather read authentic nuggets of wisdom from book experts than amateur social media influencers with perhaps questionable knowledge of personal finance.
So here are four recommendations and favorite books from some of the top personal finance experts.
Yogic wealth: Yogic Wealth by Gaurav Mashruwala is a favorite book of Hemant Beniwal, Certified Financial Planner and Principal at Ark Primary Advisors, a financial planning firm. “I personally enjoyed reading this book and would recommend it to anyone looking to become more money smart. This book begins with a discussion of some of the emotions the mind experiences in the context of situations involving money. Unfortunately, these emotions do not allow us to enjoy our wealth. The final section of the book contains advice from our scriptures, which guides us on how to enjoy our wealth and ensure that it remains with us for generations,” says Mashruwala. The book also explains the different facets of wealth – physical, emotional, social and financial – and the crucial need for a balance between them. Always maintaining the implicit distinction between Laxmi and the “money, it emphasizes the relevance of enjoying wealth in absolute terms, that is, not relative to others. The author also concludes that our scriptures are not against wealth; they advocate the enjoyment of wealth in an absolute, calm, serene and respectful way – the Yogic Way.
rich dad, poor dad: Rich Dad Poor Dad by Robert Kiyosaki is a favorite book of Anant Ladha, founder of Invest Aaj For Kal, a financial planning company. “This book teaches basic things, which are not taught in school. It explains assets, liabilities, income and expenses in simple language. It is a must read book for everyone,” says Ladha. This book tells the story of the author growing up with two fathers – his real father and the father of his best friend – and how the two men shaped his thoughts on money and investing. explodes the myth that you have to earn a high income to be rich and explains the difference between working for money and making your money work for you.This book also challenges the belief that your home is an asset. shows parents why they can’t rely on the school system to teach their kids about money, it defines an asset and a liability once and for all, and it teaches you what to teach your kids. children on money for their successful future financial ite.
A wealth of common sense: Why Simplicity Trumps Complexity in Any Investment Plan: A Wealth of Common Sense by Ben Carlson is a favorite book of Shweta Jain, financial planner, CEO and founder of Investography, a financial planning company. “A Wealth of Common Sense by Ben Carlson was one of the first books I read on investing, and to this day it remains one of my favorites. Its simple, straightforward content, and its comprehensiveness at this point, have touched me immensely. It’s a great read for investors just starting out on their journey and for anyone who wants to get smarter about money,” says Jain. investment and explains how a framework based on simplicity can lead to better investment decisions.This book further explains that while information is important, understanding and insight are the keys to better decision making. This book outlines the right way to view the market and your portfolio, and shows you the simple strategies that make investing more profitable, less confusing, and less time-consuming.
The psychology of money: Timeless Lessons in Wealth, Greed and Happiness: This book by Morgan Housel is a favorite of Arijit Sen, a Sebi-registered investment adviser and co-founder of Merry Mind, a Kolkata-based financial advisory firm . “Unlike many books on financial success, this book is not about complex strategies or formulas for a person’s financial success in life. It explains in a very simple way how our behavior can lead us to financial well-being,” says Sen. In this book, the author shares 19 interesting short stories exploring the weird ways people think about money, and teaches us how to make better sense of the most important topics in life. life.