short term personal loan

Knowledge is power. Some of the best financial advice comes from personal finance books written by eminent financial experts. Whether you wish to brush up your fiscal knowledge before applying for same day cash loans or a short term personal loan,  or seek advice regarding wealth accumulation, finance books are optimum for the same. As the basics of financial success are not clear to most individuals, they end up losing autarky when trapped in consumer debt. Here is a list of insightful personal finance books to read in 2019:

1. Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money – Robert T. Kiyosaki
Ostensibly based on Kiyosaki’s life, ‘Rich Dad, Poor Dad’ (1997) highlights the importance of financial literacy and independence, along with the process of accumulating wealth through investment in assets, real estate, business ownership, and financial aptitude. Written in parable form, the stories are stylistically arresting and instructive. Kiyosaki opines that high income is not a prerequisite for financial independence – the focus should be on making money work in your favour.

2. The Richest Man in Babylon – George Samuel Clason
A canonical book published in 1926, it grants financial wisdom in a series of parables set in ancient Babylon. Initially, the stories were distributed manually in pamphlet form, which became popular enough to be compiled together and published as a book. In ‘The Richest Man’, Bansir, a chariot builder, and his friend, Kobbi, a musician, struggle to make ends meet despite being exceptionally talented in their respective fields. They seek the counsel of Arkad, who manages to amass massive fortunes and become the richest man in Babylon. The financial lessons of Arkad constitute the crux of the book.

3. Think and Grow Rich: or Men and Women who Resent Poverty – Napoleon Hill
Published in 1937, ‘Think and Grow Rich’ was considered revolutionary, despite having sexist undertones. The book was inspired by Andrew Carnegie, who had assigned Hill with the task of organising a “philosophy of personal achievement.” Due to this, Hill interviewed illustrious individuals, including Henry Ford, Thomas Edison, Alexander Graham Bell, and John D. Rockefeller. He asserts that desire, faith, and persistence hold the ability to propel individuals towards success. The book sold over 100 million copies worldwide.

4. The Millionaire Next Door: The Surprising Secrets of America’s Wealthy – Thomas J. Stanley and William D. Danko
This book is a compilation of research carried out by the two authors, who compare the behaviour of UAWs (Under Accumulators of Wealth) and PAWs (Prodigious Accumulator of Wealth). The final revelation took everyone by surprise – instead of residing in affluent white-collar communities, millionaires were disproportionately clustered in middle-class and blue-collar neighbourhoods. The reason behind the same is that too many white-collar individuals damage their net worth and savings potential by purchasing items that assert their social status and affluence. Danko suggests that one should only take measured risks and spend less than they earn. The takeaway from the cumulative experience is that money is not a renewable resource, as most of us tend to believe.

5. The Wealthy Barber: The Common Sense Guide to Successful Financial Planning – David Chilton
A financial planning franchise, the first book in the series was written in the form of a business fable. A literary gem in the financial planning genre, ‘The Wealthy Barber’ focuses on a group of youngsters who visit Roy, the ‘wealthy barber’ who offers them economic advice. The crux of Roy’s financial strategy is to save 10% of one’s total income and invest it for long-term growth. While warning the audience about the dangers of credit cards, Chilton talks about how debts can be both good and damaging, depending on how it is handled.

Commence 2019 with these books offering sound financial advice in order to pave your way towards success!