3 Of Our Favorite Books To Read To Build a Financial Plan

How about learning new money strategies, or upgrading your current one? Are you in lack of new ideas to make money?

Well don’t worry; it’s far from being uncommon. Most people usually don’t even have financial plans thought-out in the first place.

As such, we’ll be showing you how you can start thinking about how to spend wisely your money, how much you should save, you thoughts about debt, investing and how much you should keep for retirement.

Those are questions that we’ll help you answer throughout your read.

Even though I’ve been reading about money, finance, and investing ever since I made my first few bucks as a teenager, I never created a financial plan.

Before anything else however, accept this truth: to lead a wealthy and comfortable life, would it be after your retirement or not, you need to get rich.

And we’ve got the perfect solution for you! Here are the 3 books we recommend you investing some time and money into. Read them to start building a next-level financial plan and never worry about money ever again.

1. The Richest Man In Babylon

Author: George S. Clason

Country: United States

Publication Date: 1926

Why we love it: Despite not being that much into parables, this book is what you’re looking for. With its structure still revolving around old concepts, it makes the book even more powerful

This book mainly states that rich people are rich due to the fact that they save, and don’t indebt themselves. You shouldn’t spend your money on useless things and save to “pay yourself”. That’s the mindset you should be having.

You should definitively give this book a go!

2. Your Money Or Your Life 

Authors: Vicki Robin and Joe Dominguez

Country: United States

Publication Date: 1992

Why we love it: 

What I enjoyed most about this book is that it teaches you to transform your relationship with money. This will change your life.

This book is absolutely insane in terms of psychological power, teaching you how to turn your relationships into almost guaranteed profit. It’ll definitively change your life.

What this book warns you against is overspending your energy. When you work, you technically trade time and life energy for money. The book warns you about the fact that more money is not always for the best. Don’t put your own well-being on the line for the sake of making more money.

The only aspect you could not agree with is probably about the early retirement that they suggest. You probably don’t want to retire at 50, because you’ll just become lazy and unproductive for the rest of your life after that. Working gives you a purpose to wake up in the morning and maintain a healthy lifestyle. But of course, it’s all down to you.

3. A Random Walk Down Wall Street by Burton G. Malkiel

Author: Burton G. Malkiel

Country: United States

Publication date: 1973

Malkiel, economics professor at Princeton seems to think outside of the box by digging deep into various investment strategies that you don’t commonly see.

Malkiel, being an economist does a great job at explaining simply to how markets work. Not really convincing at a first glance, you’ll quickly come to understand why it’s one of the most recommended books about investing you’ll find out there.

One more point that’s really well explained is that for every reaction, there’s a reaction. Otherwise, the whole world would have collapsed when Lehman Brother’s did for example.

As a conclusion, take a look at these books! Don’t be fooled by their seemingly old age, because they tackle psychological and mindset points rather than direct economical moves. They’re clearly worth your time, and could be the path to your success.

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