“When money realizes that it is in good hands, it wants to stay and multiply in those hands.”
― Idowu Koyenikan, Wealth for All: Living a Life of Success at the Edge of Your Ability
No matter you materialistic I may sound, it is true that money is important to live comfortable lives. It is also true that managing money is not an easy feat. Managing money is as important as earning it. However, all of us cannot be expert finance whizzes. It takes a lot of trial and error to make sure that the money that we earn remains in our hands. Multiplying the amount is all the more better.
So, how do you effectively manage your earnings? How do you know what amount should be saved? How to invest your hard-earned money in a safe manner so that you can get profitable returns?
It takes years to find the answers to these questions. People work hard and lose a lot in life before they come across a winning money management formula. If you wish, you can avoid all this. All you need to do is pick up some well-researched and proven books on money management. With a bit of effort and time, you can come up with your own financial plan by reading some great books.
Let us have a look at some amazing books on finance to get you started.
Book: The Richest Man in Babylon
Author: George S. Clason
George S. Clason’s The Richest Man in Babylon is a celebrated bestseller that has helped countless people in their quest to become prosperous. Through the Babylonian parables, we learn the significance of financial planning and thrift. In this 1926 short treatise, Clason gives us sound advice that is as relevant today as it was at his time. He teaches us valuable lessons about living below our means, saving, avoiding debt, and appreciating one’s fortune among others.
Book: Acres of Diamonds
Author: Russell H. Conwell
Acres of Diamonds is based on a speech given by the renowned Baptist minister and philanthropist, Russell H. Conwell, in a bid to raise money for Temple University. The core story of the book revolves around a Persian farmer who gives up everything, including his farm, in his quest to find a diamond mine. Little did he know that the diamonds were much near than he anticipated. Conwell was a man who believed in the internet goodness of people. He ardently preached that all of us are here on Earth to help one another. He practiced this in his own life as well. After all, he was the founder of hospitals and universities. In his short book, Rusell H. Conwell depicts that success is a spiritual idea. He shows us simple ways of achieving wealth and fortune. One of his guiding principles is that the grass is not always greener on the other side. We should always value what we have to attain great heights in life.
Book: The Science of Getting Rich
Author: W.D. Wattles
The Science of Getting Rich is a bestselling tome penned by Wallace D. Wattles. After dedicating his life to studying the works of the world’s greatest philosophers to understand the underlying laws of success, Wattles came up with this book. With The Science of Getting Rich, he aimed to help his readers lead a prosperous life. Wattles shows us that everyone deserves to be rich and afford the things that they went. After all, the world has plenty of resources. It is up to us to transform these resources into wealth. In just seventeen to-the-point chapters, Wattles educates us with the know-how of being wealthy.
Book: The Art of Money Getting: Golden Rules for Making Money
Author: P.T. Barnum
Phineas Taylor Barnum was the wildly successful owner of the Barnum & Bailey Circus. He was a businessman, politician, and philanthropist. Above all, he was a showman. Whichever field he stepped in, he tasted success. Naturally, following his footsteps would be beneficial for us. After all, he knew what he was doing. In his The Art of Money Getting: Golden Rules for Making Money, P.T. Barnum shares with us the universal and timeless principles of making money. His twenty rules of character development and personal success are surprisingly simple and achievable. In this fast-paced read, Barnum shows us the ropes of running a successful business in any part of the world. He teaches us that “fortune always favors the brave, and never helps a man who does not help himself.”
Book: The Game of Life and How to Play It
Author: Florence Scovel Shinn
Florence Scovel Shinn established herself as a positive voice of reason with her book, The Game of Life and How to Play It. Shinn upholds the power of positive thoughts in her 1925 treatise. She shows us that we can manifest our heart’s desire by simply having faith. In a simple and inspiring writing style, Shinn shows anything is feasible in life. Her message of being positive and faithful will definitely inspire you to live happy and successful lives. Shin’s references to the Bible make the book suitable for religious people. If you want a break from the materialistic life and still focus on being successful, then The Game of Life and How to Play It is a must-read for you.
Finance books have always been in great demand. Rather than losing out, people usually tend to do some research, especially in matters of money. Books are an excellent way to get an idea about effective financial planning. They give us an insight into the financial journey already undertaken by others. Hence, it enables us to learn from their mistakes and success. However, there is a large number of finance books out there. To add to that more keeps on piling up every year. Hence, selecting one for yourself can be a daunting task. This list will help you make your choice from a few curated financial classics. Do comment and let me know which of these books beckons to you.
One thought on “Money Management: Bestselling Finance Books”
Money is, indeed, important. I don’t know, however, how many of these ideas could be applied to a world that’s been overridden by technology and just back on its feet after the pandemic. But some things, like planning and positive thinking, are timeless indeed.