The 7 Best Personal Finance Books Out There

Even after working hard at what we do, most people still do not have a lot of money left over. Saving up money is something that most people struggle with.

The size of your income doesn’t really pay that big of a role here. People earning 30K a year could be saving and investing more than those earning a 100K a year and spend most of their income.

The statistics are drastic – only 39% of Americans have money set aside to cover a $1,000 emergency (source). So in essence, if you want to become richer than your friends or coworkers, all you really need to do is start saving and investing.

Below you’ll find a selection of the best books to kick start your early retirement.

1. Multiple streams of income by Robert G. Allen

a book cover

This book shows that the disadvantage is that the flow of only one income is not a good idea, because there is only one-way money that can come to me – through my salary!

Having multiple income streams do not necessarily have a second job or even a third job! Several streams of income generating systems so that that money can flow through your life.

This means that you are investing both time and money to learn how to build these systems. It can be one way to invest in real estate, where you get a “stream” of income from monthly rent to tenants.

Another “stream” may be the receipt of portfolio income, such as “dividends” or “interest” of your equity or investments in bonds. One “flow” may be another of the royalties you get from publishing a book or recording music if you’re a singer.

Having a lot of “flows” where money can come to you is better than relying on your “business” alone to make money. The challenge is how to use your time, skills and money to create these income streams.

Conclusion

This is an essential guide on how to invest our money. This book provides a reasonable explanation of the world of stocks, bonds, and common property. It’s very detailed and easy to use.

2. 4-Hour Workweek by Timothy Ferris

tim ferris book cover

The book tells about the “new rich,” a group of people who have the time, money and traffic to spend only 4 hours a week to create wealth and the life they want.

The rest of the time is spent on what they like to do, like dancing in Buenos Aires, diving in Panama or enjoying the sun in Hawaii.

Who does not want to spend only 4 hours of his time on work instead of the usual 40 hours a week? Who among us does not want to have the luxury of time to do what you like?

Who among us does not want to spend an extended vacation on the beaches of Hawaii, while you care, and your Maltese will still come?

For employees, he offers practical advice on how to negotiate with your boss to organize workers at home.

It also presents ideas on how to plan your “mini” retirement benefits so that money is still available without you. He even discusses how you can “redirect” your life!

Easy-to-read work week, which takes 4 hours. Ideas are presented in a simple and uncomplicated way that you think you are reading a comic. The book is talkative and funny. Reading is like a face-to-face conversation with the author. Sometimes you can laugh at his jokes.

3. The Wealthy Barber by David Chilton

book cover

Some people have noticed that this book is one of the most beloved financial books of all time. A rich hairdresser offers reasonable advice and tips on how this affects our lives.

It’s very easy to take it by writing a book as a short story or novel, and easy.

The book is always recommended to those who risk understanding the management of personal money because even if you do not have a lot of experience in finance and accounting, you can easily understand.

The book guides the reader to take measures to manage his money, thinking about what we really want in life, and how we can get it.

He also has a great difference in getting rid of material thinking, receiving costs under our control and reducing our debts

4. The Millionaire next door by Thomas J. Stanley, Ph.D. William D. Danko, Ph.D.

book cover

The book is based on a comprehensive study of the financial habits of millionaires. The results are surprising in the sense that most of these millionaires are not what we usually expect them to be, as accurately described in the book,

“These people cannot be millionaires! They do not look like millionaires. They do not wear the same clothes as millionaires. They do not eat like millionaires, and they do not act like millionaires – they did not even have millionaire names.

Many “close” millionaires are the first generation. They did not inherit their wealth. They built it. Few of them spend more than $ 100 an hour. Others do not wear a jumpsuit to work!

They engage in types of work that can be classified as dull – ordinary. Some are welding contractors. Some of them are rice farmers. Some of them are pest controllers. Other traders of coins and stamps.

What separates the millionaires from the rest is their habit of money. They are modest by nature. They value money. They invest at least 20% of their income. They even have a “go to hell” box that can save their expenses for at least ten years without work at all.

Conclusion

A valuable lesson of the book is not that we know who the real millionaires are, but also the realization that it can be you! If they can, you can! It’s time to build your rich cash habit and become a “millionaire in the neighborhood”!

5. Your Money or Your Life by Vicky Robin and Joe Dominguez

cover of ymorl

The book tells you about managing your money and even looking at it in a very different way. Your money is only an integral part of your life.

There is also time. There is also your dream! What do you like the most? How to spend your money? What do you do in your time? Do you still do what you do, even if you have all the money in the world?

The book emphasizes the management of resources that you have like money and time. It offers unique tips to monitor your spending and whether each contributes to your goals.

It also has some ideas on how to accurately define what you want to do and manage your money and time so that you can do more of what you love to do and less than you do not like doing.

He even has some charts to help you understand and talk where you are, and when your day of freedom.

Conclusion

The central message of the book is not to choose money for life or vice versa

6. Rich Dad, Poor Dad by Robert T. Kiyosaki

r. kyosaki book

The book is a story about how to develop knowledge about the funds of two fathers: the first rich, the other poor. The story unfolds to describe the different customs of the wealthy and impoverished father’s money, each of which produces a different financial result.

The book makes a very complicated world of money and business sounds simple. It is merely that ideas can be interpreted as a child using only superficial graphics.

The figures show how cash flows from your pocket to the bank when you pay your bills and how they come from your company when you receive your salary.

What you do with the money after you get it, it determines whether you are rich or poor. Do you use the money to buy assets such as real estate investing or business creation? Or you can use it to purchase commitments, such as the new LCD TV in 12 single monthly payments with zero percent!

Conclusion

The book inspires you to become the best and watch business and money in a completely different way. Expands as money works!

7. Think and Grow Rich by Napoleon Hill

napoleon hill book

The central message of the book is that you have to “think” about money before it becomes real. This is a direct translation of the phrase “what your mind can understand, your body can achieve.” When you think about money, and you have this “urgent desire” to make it a reality, the whole universe conspires to build the means to bring it to you.

Money is, above all, just an idea. This is unrealistic. The money you keep when you buy a bag with a product is as real as a “mutual” agreement with other people that the paper you own deserves what you buy.

The book does not say “hard work and richer.” Hard work means different things to different people. For an employee who does not like what he does and receives a little salary, he is “hard work.” For someone who loves what he does, “hard work” is not in his vocabulary.

Top Seven Free Budgeting Tools

Planning is a very crucial aspect not only of the business organization but also to nations. It helps you set goals and also strategies on how to achieve your goals and attaches a timeline to them.

Planning has now been made easier by technology through the introduction of very many online budgeting sits. This
means that you can monitor and implement your business plan at the comfort and convenience of your laptop or your mobile phone.

Not only does this makes work easier but increases your chances of eradicating losses in the organization.

Some or most of these online budgeting sits offer advisory services and tips and they will help you be realistic and implement your plan. For this reason, you will need the best, most efficient and reliable budgeting tools there is in
the market.


1. YNAB(you need a budget)

homepage of ynab

As the name suggests this is an online budgeting application that will help you analyze and manage your money and account. The YNAB can be linked to your bank account and will, therefore, work with actual fat s and figures.

This platform uses a user-friendly layout which will allow the user to make a plan in a couple of minutes. It will always help you manage your account. The data used in this platform is mostly reliant on previous incomes and earnings rather than project for the unseen future. This unique factor will mostly give accurate results.

It has a very secure encryption from their server to your bank account. That makes sure all your details are safe and they are accountable for every account and make sure to keep your account an affair between you and them and will only provide information at the authorization of the customer or the law.

This application helps monitor your rate of income and expenses and provides an overview of how you have spent your money. It also gives advice on how you should plan your money and this will always give you the benefit of making informed decisions.

They will make sure they change your mindset to seeing every dollar as an investment. They will give you choices on how to invest also. They also motivate students I school by giving them a one-year free account and this is what will build tomorrows mega-investors. This is probably the best budgeting tool ever. YNAB offers you a 34-day free trial.

2. Personal Capital

homepage pick of personal capital

Some of us will always want a third party’s confirmation on issues before implementing them. This is why the personal capital account offers a two based kind of account offering serving both as a financial tracker and financial advisor.

The difference between this YNAB and this kind of account is the YNB offers paid for financial advice. It has new and improved new feature like the retirement  planner, educational planner, investment checkup and the assessment allocation target.

The personal capital account has a very sophisticated security system that is simply a headache for hackers. The application has also been customized to be accessible by a couple of devices ranging from smartphones, laptop computers, and smartwatches.

NB! They also offer a one-month free trial.

3. Mint

homepage of mint

Coming in this on the budgeting online application is the mint application. It offers its services on a 24/7 basis and will alert you personally on bill reminders, over budgeting and even large transactions this will keep you financially fit as you will have a reminder and a clear image in mind of what you are doing. Do you want a fast track way to your goals then this is your kind of sit? It is also accessible on mobile device and on smartwatches. They have a very high-security feature and will send you a randomly generated verification code which you will use to gain access to it.

4. Moneyspire

moneyspire homepage

Derived from the word inspire and money, moneyspire is the site to look for all your budgeting needs. It has special feature that supports multiple currency setting.

It also makes sure to have a personal relationship with their customers and reach out to customer service via email or telephone. Their security detail is well organized and your passwords and accounts remain on your device and in your head as they do not collect any data unlike other sites that collect personal data.

For a onetime simple fee of $54, and from there you can manage unlimited accounts from your linked accounts.


5. Moneydance

moneydance

At $49.49 you can now have an account with the money dance group. The money dance makes investment decisions.

It has a wide database of data concerning investment and making an effecting action plan with the best budgeting there is. It has an offer of free 100 transactions made on the side per client.

They also have vast access resources as you can access it on any device may it be a smartwatch, smartphone or even a laptop computer.

6. Count about

homepage of ca

Offering a 15-day free trial, count about takes care of your financial budgeting process and will act as your financial and does not offer budgeting advice and it leaves you to make your calculations and evaluations.

This does not provide a database for references though it has majored on customer base security features and works in conjunction with a third party.

However, a weaker budgeting tool as it has limited feature. It is however charged at arrange of between $9 and $99 for an account.

7. Banktivity 6

mac application banktivity 6

With a rating of 8/10, the activity 6 is one of the better tools to use for your financial needs.

Formerly known by the name iBank, the Banktivity takes a personal interest in their clients and will do a daily personal check up on your accounts and budgetary.

They follow up on your deposits and withdrawals and will advise in case of large withdrawals. They will, through their financial advice, prevent you from making hasty decisions.

Conclusions

From the seven budgeting tools, it is only fair to say that they will ease your financial trouble and will offer both accountability and security for your accounts. So the next time you are looking for an account to invest in make to consider these tools.

Look for a tool that will accommodate a number of accounts and also gives you tips, suggestions, and warnings on your financial matters.

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