If you want to read about personal finances or money, there are hundreds of materials available on the Internet that talk about these topics in detail. And everyone claims to be better than the other. Many such contents hold the virtue of personal money management and how wise and smart people swear by it. Then there are the free courses offered on the educational platform and on social media platforms such as TikTok, YouTube and Instagram. But then you would probably rather read authentic gems of wisdom from book experts than from amateur influencers on social networks with perhaps dubious knowledge of personal finances.
So here are four recommendations and favorite books by some of the leading personal finance experts
Yogic wealth: Yogic Wealth by Gaurav Mashruwal is a personal favorite book by Hemant Beniwal, a certified financial planner and director of Ark Primary Advisors, a financial planning company. “I personally enjoyed reading this book and would recommend it to anyone who wants to be smarter about money. This book begins by discussing some of the emotions that the mind experiences in the context of money situations. Unfortunately, these emotions do not allow us to enjoy our wealth. The final part of the book contains advice from our scriptures that guide us on how to enjoy wealth and ensure that it remains with us for generations, ”says Mashruwala. The book also explains the various aspects of wealth – physical, emotional, social and financial – and the fundamental need for a balance between them. It always maintains the implicit difference between Lax and money and shows the importance of enjoying wealth in absolute terms, ie not in relation to others. The author also concludes that our scriptures are not against wealth; they advocate the enjoyment of wealth in an absolute, calm, balanced, and reverent way — the yoga way.
Rich dad Poor dad: Rich Dad Poor Dad by Robert Kiyosaki is a personal favorite book by Anant Ladha, founder of Invest Aaj For Kal, a financial planning firm. “This book teaches the basics that are not taught in school. Explains assets, liabilities, income and expenses in simple language. This is a must-have book for everyone, ”says Ladha. This book tells the story of an author who grew up with two fathers – his real father and the father of his best friend – and the ways in which both men shaped his ideas about money and investing. This book dispels the myth that in order to be rich, you have to earn a high income and explains the difference between working for money and having your money work for you. This book also challenges the belief that your house is an asset. It shows parents why they can’t rely on the school system to teach their children about money. It defines an asset and a liability once and for all and teaches you what to teach your children about money for their future financial success.
A wealth of common sense: Why Simplicity triumphs over complexity in any investment plan: The Wealth of Common Sense by Ben Carlson is a personal favorite book by Shwety Jain, financial planner, CEO and founder of Investography, a financial planning company. “The Wealth of Common Sense by Ben Carlson was one of the first books I read about investing, and it remains one of my favorites to this day. Its simple, straightforward content and its completeness at that moment impressed me immensely. It’s a great read for investors who are starting their journey and for anyone who wants to be smarter about money, “says Jain. This book sheds light on investing and how a framework based on simplicity can lead to better investment decisions. This book further explains that while information is important, understanding and perspective are key to making better decisions. This book describes the right way to view the market and your portfolio, and shows you simple strategies that make investing more profitable, less confusing, and less time consuming.
Psychology of money: Timeless Lessons on Wealth, Greed and Happiness: This book by Morgan Housel was personally loved by Arijit Sen, a self-registered investment adviser and co-founder of Merry Mind, a Calcutta-based financial advisory firm. “Unlike many books on financial success, this book does not revolve around complex strategies or formulas for financial success in life. It explains in a very straightforward way how our behavior can lead us to financial well-being, ”says the senator. In this book, the author shares 19 interesting short stories exploring the strange ways people think about money and teaching us how to improve. meaning of life most important topics.