10 Best Finance books that you must follow in 2021

best finance books

Table of Contents

“The quickest way to double your money is to fold it over and put it back in your pocket.” You may have heard many such bizarre ways of saving money or managing your personal finances, but they don’t seem to be very effective. 

Have you ever wondered “where is all my money going when I’m barely going out?” or “why does pay-day to pay-day feel like a complete blur?”. Handling personal finance can be challenging without the technical know-how of the field.

Let us introduce you to the best Finance books that will improve your understanding of the field and will help you handle your money better.

best finance books

Key takeaways:

  • Reading a book allows you to ingest a lot of information in a short amount of time, and it is one of the most effective and cost-efficient ways to develop your abilities.
  • Finance books include activities associated with banking, leverage or debt, credit, capital markets, money, and investments. Basically, anything that represents money management and the process of acquiring needed funds.
  • Finance is one of the fastest emerging fields, with its usage in several domains. Reading about finance may help you prepare not just for professions in the financial services industry, but also for everyday tasks.

Best Finance books in 2021

Investing your time in reading good books for finance will always be a good habit.

The below list contains a mix of some of the all time best selling stock market books, personal finance books etc.

Without any further ado lets get started.

1. Let’s talk money

By: Monika Halan

Best for: Personal Finance

Review: “It’s an excellent read – riding on the author’s characteristic candour and domain expertise that equips her to explain financial concepts and instruments in the simplest manner” (Bloomberg Quint)

Monika Halan, India’s most trusted brand in personal finance, gives you a hands-on approach to financial stability. 

This book is not a get-rich-quick handbook; rather, it teaches you how to live your ideal life without worrying about the “correct” investment or “perfect” insurance. 

Unlike many other personal finance books, Let’s talk money is created particularly with the Indian context in mind.

2. Security Analysis

By: Benjamin Graham and David Dodd

Best known for: Value Investing

Review: “A road map for investing that I have now been following for 57 years.” (Warren E. Buffett)

If you have ever wondered “what is value investing?”, Graham attempts to teach investors a new approach to assessing the business that lies behind value investing and security analysis in his book. This book provides several examples based on real-life occurrences to demonstrate how markets tend to undervalue some securities that appear to be unfavorable. 

It essentially demonstrates how a properly trained investor may use a corporation’s financial analysis to estimate its intrinsic worth. Security Analysis goes on to illustrate how to profit from Graham’s margin-of-safety approach. 

It demonstrates to investors how stocks can be bought when the market price is way below its original value and then earn good returns. This is a crucial read especially for people with finance jobs.

3. The intelligent Investor

By: Benjamin Graham and Jason Zweig

Best known for: Best for Overall Investment Strategies

Review: “By far the best book on investing ever written.” (Warren Buffett)

The Intelligent Investor is one of the best books on financial investment ever written.

Benjamin Graham, the best investment advisor of the twentieth century, taught and inspired individuals all over the world. The Intelligent Investor has become the Stock Market bible thanks to Graham’s theory of “value investing,” which protects investors from substantial errors and helps them to create long-term strategies. 

It was first published in 1949 and has subsequently been updated with a few current additions, such as financial columnist Jason Zweig’s commentary and footnotes. Graham’s insight, from the soundness of financial management, value investing, to the reduction of losses, to avoiding emotional decision-making when navigating the financial markets, remains intact.

4. Think and grow rich

By: Napoleon Hill

Best known for: Best for Personal Development

Review: Napoleon Hill compiled the philosophy of American achievement for the benefit of all people. I strongly commend this philosophy to you for achievement and service in your chosen field.” (Senator Jennings Randolph West Virginia)

If you ask 10 people around you what they want in their life, their answer will vary from Security, Financial freedom, New home, a Better job, Freedom etc., but many of us wouldn’t know how to do it. 

If you have the same wish and dream but don’t know how to do it, then this book is for you. The contents of this book are very easy to understand and break down the philosophy of self-help and success in 13 easy chapters. 

In the original Think and Grow Rich, published in 1937, Hill draws on stories of Andrew Carnegie, Thomas Edison, Henry Ford, and other millionaires of his generation to illustrate his principles.

5. The Richest Man in Babylon 

By: George S. Clason

Best for: Finance Parables

Review: “This is a great gift for a graduate or anyone who seems baffled by the world of finance and a wonderful, refreshing read for even the most experienced investor.” (Los Angeles Times)

The bestselling classic of all time The Ancient Success Secrets is a best-selling book that holds the key to personal prosperity. 

One of the finest motivating books on the subject of frugality, financial planning, and personal prosperity is The Richest Man in Babylon. The keys of creating money, retaining money, and making money earn more money are revealed within. 

6. One Up On Wall Street

By: Peter Lynch

Best known for: Investment Advisory

Review: “Mr. Lynch’s investment record puts him in a league by himself.” (Anise C. Wallace The New York Times)

This is one of the best Stock Market books ever written. Peter Lynch is the most successful money manager in the United States. His philosophy is that with a little research, average investors can become experts in their own sector and choose winning companies as efficiently as Wall Street specialists. 

Peter Lynch is vice chairman of Fidelity Management & Research Company, Fidelity Investments’ investment advisor, and a member of the Fidelity funds’ Board of Trustees. 

From May 1977 until May 1990, Mr Lynch served as portfolio manager of the Fidelity Magellan Fund, which was the best-performing fund in the world during his tenure.

Also Read: Highest Paying Finance Jobs

7. Rich Dad Poor Dad

By: Robert T. Kiyosaki

Best for: Anecdotal advice

Review: Rich Dad Poor Dad is a starting point for anyone looking to gain control of their financial future.” (USA TODAY)

Robert Kiyosaki’s Rich Dad Poor Dad initially made ripples in the Personal Finance world about 25 years ago. It has subsequently been translated into dozens of languages and sold all over the world, making it the best-selling personal finance book of all time. 

Robert’s narrative of growing up with two fathers — his biological father and his best friend’s affluent father — and the manner in which both men influenced his views on money and investment is told in Rich Dad Poor Dad. 

The book debunks the idea that becoming wealthy requires a large salary and discusses the difference between working for money and having money work for you.

8. Common sense on Mutual Funds

By: John C. Bogle

Best for: Mutual Funds investors

Review: “A powerful no-nonsense prescription for how individual investors should structure their portfolios in the current market environment” (Martin Leibowitz, Managing Director, Morgan Stanley)

In today’s volatile market climate, this book analyses the foundations of mutual fund investing and provides timeless guidance on how to create an investment portfolio. 

In this book, Bogle demonstrates how, over time, simplicity and common sense always win out over costly complexity, and how a low-cost, broadly diversified portfolio is practically guaranteed to outperform the great majority of Wall Street experts.

9. The Millionaire Next Door 

By: Thomas Stanley and William Danko

Best for: Growth hacking

Review: “The implication of The Millionaire Next Door… is that nearly anybody with a steady job can amass a tidy fortune.”(Forbes)

The Millionaire Next Door, a best-selling book, reveals seven similar characteristics shared by individuals who have amassed money by taking financial risks.

The majority of the genuinely rich do not reside in Beverly Hills or on Park Avenue; rather, they reside next door. This new version, the first since 1998, contains a new prologue by Dr Thomas J. Stanley for the twenty-first century.

10. Psychology of Money

By: Morgan Housel

Best for: Behavioural Economics

Review: “One of the best and most original Finance books ins years” (Jason Zweig)

Wealth, greed, and happiness are timeless lessons. It’s not always about what you know when it comes to money. It’s all about how you act. Even for the most intelligent people, conduct is difficult to teach. 

Managing money, investing it, and making business decisions are all thought to entail a lot of quantitative computations, with facts and equations telling us just what to do. 

People don’t make financial decisions on spreadsheets in the real world. They make them in a meeting room or at the dinner table. The author tells 19 short tales on how individuals think about money in odd ways and teaches you how to make sense of one of life’s most essential issues.

This is arguably one of the best books to learn finance and personal budgeting.

Conclusion

From a personal perspective, Finance is the process of managing your income, expenses, investments, and other obligations.

According to the Bureau of Labor Statistics, jobs in the Finance field will grow 5% for the next 10 years. And one of the best thing about this field is that it has low unemployment rate.

So, these books are among the best Finance books to read on, that can help you understand the fundamentals of Finance better. It will also help you in handling your money better in your daily-life.

Once you understand the way to handle your money, you can save it or invest it some where to get returns.

Similar Readings: Top 10 Highest Paying Finance Jobs, 10 Best Ways To Earn Money In The Stock Market

Frequently asked questions

What is finance?

The process of supplying cash for commercial operations, purchases, or investments is known as financing. Banks, for example, are in the business of supplying capital to businesses, customers, and investors in order to assist them to accomplish their objectives.

Is a career in finance a good option?

Yes, many undergraduate students find finance to be an excellent career option. Some of the most popular finance jobs in the sector are financial advisor, budget analyst, and investor relations associate. A career in finance would be a great option for you if you want to work as a specialist financial advisor or analyst in the corporate world.

What is the meaning of investments?

Investing is a strategy to potentially increase your financial wealth. The aim is to purchase financial products, often known as investments, and then sell them for a greater price than you paid for them. When you invest, you’re buying things and putting your money in a designated investing account.

What are the various investment strategies?

The 4 major investment strategies are:
Strategy 1: Value Investing.
Strategy 2: Growth Investing.
Strategy 3: Momentum Investing.
Strategy 4: Dollar-Cost Averaging.

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