I have read quite a ton of books by Nigerian and foreign authors on the concept of personal finance and wealth creation. In this article, I shall be discussing Top 5 Books on Personal Finance which I personally find very helpful. This is a follow-up to my previous article Top 5 Money Books by Nigerian authors.
In no particular order:
Written many years ago, George Clason’s The Richest Man in Babylon remains a classic on the subject of personal finance. This book offers common sense financial advice which would remain relevant for centuries to come. Through parables and metaphors which are easy to understand, George Clason teaches essential principles for financial freedom. You will learn what percentage of your income you should set aside each month, how to invest and multiply your resources. These are timeless financial principles and techniques you will remember for a long time and would help you make good financial decisions.
2. Secrets of the Millionaire Mind by T. Harv Eker
T. Harv Eker in Secrets of the Millionaire Mind discusses basic principles of wealth creation that you must master to achieve financial independence. To be wealthy, Eker says you must be truly committed to creating wealth. If your goals is to be comfortable, chances are you will never be rich. Eker examines the law of income and postulates that you will be paid in direct proportion to the value you deliver according to the marketplace.
Money Master the Game by Tony Robbins teaches you how to improve your lifestyle step by step. Tony Robbins takes you through the following:
- The 9 myths around investing
- Asset allocation
- Creating lifetime income plan
- How to anticipate and diversify
This is one book everyone interested in wealth building through effective personal finance should read. It’s a 500 page book that is actually reading.
This is a personal finance book for women especially women who want to take charge of their money and life. Written by Kim Kiyosaki – -the wife of bestselling author Robert Kiyosaki – RICH WOMAN is for women who insist on being financially independent – without depending on a man, family, company, or government to take care of them.
In her book, Kiyosaki applies the same moneymaking strategies that have made RICH DAD POOR DAD one of the great publishing success stories of all time – but in a voice that is aimed directly at women. No matter what your financial background is or your current job situation, RICH WOMAN provides the essential road map for any woman who aspires to be financially free.
This book comes highly recommended.
This is more of a wealth creation book if you are seeking to create wealth through entrepreneurship. The Author, Sunkanmi Vaughan is a consultant, University of Lagos-trained pharmacist and speaker who helps individuals and organisations overcome the challenges of business start up and survival.
1000+ Practical Business Ideas provides insights into viable opportunities around us. This book will help ignite your entrepreneurial drive and make you live the life you’ve always wanted.