3 must read personal finance books for non-book readers (Part 5)

Hemon

(Note: all recommendation is based on personal experiences. Reading requires in order)

1. The Richest Man in Babylon

“The Richest Man in Babylon” is a classic personal finance book written by George S. Clason. Originally published in 1926, the book offers timeless financial wisdom through a collection of parables set in ancient Babylon. It provides practical and insightful advice on managing money, building wealth, and achieving financial success. The principles outlined in the book, such as “Start thy purse to fattening” and “Make thy gold multiply,” emphasize the importance of saving, investing, and making sound financial decisions. The lessons are presented in a simple and engaging manner, making them accessible to readers seeking to improve their financial well-being.

2. The Total Money Makeover

“The Total Money Makeover” is a personal finance book written by Dave Ramsey. Published in 2003, the book presents a step-by-step plan for individuals to take control of their finances and achieve financial freedom. Ramsey advocates for a systematic approach to managing money, including strategies for budgeting, getting out of debt, and building wealth. The book emphasizes the importance of living within one’s means, eliminating debt, and adopting a cash-based lifestyle. It has gained popularity for its practical advice and motivational style, helping readers create a solid financial foundation and work towards long-term financial success.

3. The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life

“The Simple Path to Wealth” is a personal finance book written by J.L. Collins. Published in 2016, the book is a guide to achieving financial independence and building wealth. Collins advocates for a straightforward and uncomplicated approach to investing, focusing on low-cost index funds and the power of long-term, buy-and-hold strategies. The book covers essential financial principles, such as living below your means, saving consistently, and avoiding debt. With a conversational and accessible style, Collins provides practical advice for readers looking to attain financial freedom and lead a rich, fulfilling life.