Financial literacy read online. The best books on financial literacy - learning to manage your money
The first step towards becoming a financial genius is to recognize that you have financial talent, which you just need to wake up and getting untold wealth will remain only a matter of time.
If earlier it was argued that it was impossible to develop talent, then modern man smashes this myth to smithereens. Indeed, if there is a talent for an artist, a musician, and even a businessman, then why can't there be a talent for a financier, because the field of finance knows many names of entrepreneurs and investors whose activities can be called talented with confidence. But after all, every person can be taught to play instruments, draw and run a business. Perhaps it will not be a brilliant activity, but definitely a high-class work.
Accordingly, you need to accept the fact that the human brain is capable of anything, the main thing is to convince yourself of this statement. After all, our hands are not aware that they are weak and cannot do push-ups, the stomach has no idea what a solid fat deposit is, only our brain knows about all this. It is the brain that needs to be influenced in the process of becoming a financial genius personality. There are ten simple steps by which each person can awaken the financial genius in himself, with the help of which he will significantly improve his well-being.
1. Decide
Not every person dreams of wealth. This phrase in our time, when everything is decided only through money, sounds almost blasphemous. But many are still sure that it is possible to achieve life harmony without money, while remaining happy man. An example of such a love of life are Buddhist monks. But those who do not profess such principles will have to work hard.
2. Be decisive
To become the owner of wealth, you need to get rid of all bad habits and laziness, in other words, from everything that becomes an obstacle to achieving prosperity. With insufficient motivation or lack of determination, it is unlikely that you will achieve what you are striving for.
3. Your environment - your teachers
One of the most important components of success is the people around you. Only the rich and successful can teach you how to earn and handle money, you will learn from the poor how not to deal with finances. Try to find a person who can initiate you into the mysteries of proper earnings, share his experience so that he can answer all your questions and give you the right direction of movement.
The ability to quickly learn something new is not just an attractive line from a resume for most employers, but a very important quality. modern man, for the development of which you need to constantly train the brain. Education is not only school and university, it is a continuous process that lasts throughout life through books, various courses and trainings. But the sources of new knowledge must be selected especially carefully, because, you see, the diploma itself is about the fifth or even tenth higher education unlikely to make anyone rich.
5. Discipline and self-control
Discipline is important not only in school lessons or military formations, but also in the processes of conducting financial business. Failure to comply with elementary rules can lead to irreparable consequences, which, of course, will affect financial well-being, free time and communication with people.
6. Quality Management
It is extremely difficult to achieve great success on your own. All expenses for the work of an attracted specialist or permanent employee will surely pay off over time and are guaranteed to bring profit. But here it is very important to adhere to the correct managerial position, because the manager who prefers to work with people who are dumber than him is bad. In the case of the formation of a financial genius, it is completely necessary to look for such specialists who will understand much better in some issues.
First, money must be invested anyway. Secondly, in order to get a stable additional income, it must be done correctly and subject to a number of conditions. Try to invest in the purchase of assets and minimize the cost of liabilities. It is important to adhere to some laws of investment in order to save your money in the first place, as well as to get a good profit. Therefore, in the question, you should be well-versed.
8. Assets
The main goal in the process of becoming a financial genius is the accumulation of assets, in other words, the collection of all possible funds and tools that can bring income. Resist the most important temptation that can ruin the career of a successful financier in the bud, do not spend money recklessly. Buy all essential goods solely at the expense of the available profit from assets, and not at the expense of your own well-being.
9. Correct Literature
A lot of useful and interesting information can be gleaned from reading the biographies of successful financiers of different times. Each story is an excellent guide to action and another motivation for self-development.
10. Don't be afraid to give
One of the most important laws of life is that in order to get something, you need to give something. Unfortunately, many need to learn to accept this order of things. The effect of this law is especially obvious in the field of business, because all the time, money and effort invested in work is returned in the form of a good profit. Simply put, on the path to becoming a financial genius, a person will have to cross himself more than once, giving more during training in order to receive an even greater return in the future, but in monetary terms.
If you are looking to develop your business, investment, and finance skills, these ten steps are a good foundation. And the most important thing that you must learn is that material well-being is achieved through constant and hard work on yourself and on your own business.
If you have not yet started a business, but have been wanting to do so for a long time, then be sure to understand the issue, .
Financial literacy gives an understanding of the laws by which money lives. AT modern world one ingenuity is not enough to feel confident when dealing with finances. Knowledge increases the degree of freedom of choice and action.
Life will change for the better if you learn to set and. Employment will allow you to stay afloat, but qualitative changes are possible with more decisive action. To work for yourself, start your own business, start investing, knowledge is required.
- this is an understanding of the movement of cash flows, and not knowledge about the profitability of shares and. Stop wandering randomly, trying to get into the stream of luck, or relying on the decency and generosity of the employer. Do not be lazy to study, and knowledge will lead you to financial independence.
1. Bodo Schaefer "The Path to Financial Freedom"
Bodo Schaefer is a well-known business coach who talks in a fascinating way about the psychology of success. According to the author, rich and poor differ not so much in the size of the bank account, but in the way of thinking. Read The Path to Financial Freedom to determine which psychological type you relate and how to learn to think in terms of a person who does not experience financial difficulties. Bodo Schäfer will tell you how you can achieve wealth through bank deposits, equity funds, stock gambling. The recommendations are supplemented with examples, stories and even parables.
2. Robert Kiyosaki, Sharon Lecter "Cashflow Quadrant"
The authors reveal to us the secrets of the distribution of world capital. In addition, you will be able to figure out how a business owner differs from a hired employee, why some investors go bankrupt, while others increase their fortune without great risks, which makes some look for new hired positions, while others create their own business. Here you will find tips to help you navigate the ever-changing financial environment.
The book will interest everyone who is ready for profound changes and wants to realize their place in the new information era.
3. George Clason "The richest man in Babylon"
This book was written in 1926, and the events described in it take place in ancient Babylon. After reading "", you will understand that over the past 8 thousand years, practically nothing has changed in the field of financial relations: IOUs, gambling, trading, investing, founding, etc. The laws of money movement remain the same. The system proposed by the author remains effective, you can easily see this by trying to use the advice of D. S. Clason.
The book will be of interest to everyone, but it is especially useful for teenagers and very young people who need to know how money works and understand its value.
4. Donald Trump "The Art of the Deal"
Donald Trump decided to talk about his real estate transactions, connections with business partners, interactions with the state and representatives of big business. You probably won't get much useful information related to real estate, as the American market is too far from the domestic one. But Trump's path to success is interesting, and the author's recipes and recommendations are quite effective in our conditions. Watch the train of thought of a person who has achieved much of what we can only dream of.
5. Laura Rittenhouse Buffett to Investors. A Guide to Warren Buffett's Correspondence with Berksh Shareholders
- one of the most powerful financiers in the world, an investment genius who has earned billions of dollars for his investors. Since the early 70s, Buffett has been sending informational essays to his financiers with breaking news stock market, these letters contain many secrets of successful investing and valuable advice.
In the published correspondence of the billionaire, there are many details that make it possible to judge the character traits and habits of the financial genius of our time. Investors don't hesitate to trust Buffett with money because company stocks form the basis of his family's wealth. An impeccable reputation and a strong balance sheet allow the best investor in the world to make fabulous deals. Warren Buffett always keeps his promises, all his transactions are formalized and investors are used to relying on the decency of this financier.
Buffett's messages are so captivating that they will be of interest even to readers far from the financial spheres.
6. Vladimir Savenok “A million for my daughter. Step by step savings plan. Natural laws in business»
The author has chosen an unmistakable path to the heart of the reader - he explains how to provide capital for your child. A million dollars is a good amount, allowing you to hope that the heiress or heir will not need money. You will learn everything from the very beginning - how to start saving money, how to learn how to use financial instruments, how to protect funds from inflation. There are tables in the book that should be filled in while reading - this will then become the initial plan for creating future capital.
The book will be useful to everyone, since the advice of V. Sovenok is quite practical.
7. Andrey Paranich “Personal financial plan. Compilation Instructions»
Economic independence is impossible without the ability to plan your financial affairs. You need to know what you spend money on, how much you earn and how to plan a budget to avoid running out of money, not getting into debt and saving. How to calculate the amount at which you will feel confident. Andrei Paranich raises many questions that are important for everyone. You will learn how to make a personal financial plan and properly allocate funds.
The book is addressed to a wide audience.
8. Daniel Goldie, Gordon Murray Investment Response. How to secure your financial future
The authors simply and briefly stated what the financiers are talking about, puffing out their cheeks from a sense of intellectual superiority over mere mortals. We are all interested in the issues of saving and increasing savings. But few people dare to understand the options for investing money, decide on the risks associated with investments, buy shares or bonds with profit. The book by Goldie and Murray is for those who do not own professional terminology and are not ready to be surrounded by dictionaries in order to comprehend the secret knowledge about investments. The book will be useful to novice investors and those who want to expand their knowledge in this area.
9. Dmitry Konash “Save and increase. How to efficiently and profitably manage savings
Dmitry Konash became a successful investor, having gone his own way with mistakes and losses. His experience is real, so the recommendations are practical. The author, without aplomb and teachings, presents the basics of the science of the movement of finance. In addition to useful theory, the book contains valuable comments on investing in modern conditions. Dmitry Konash is a regional director of the corporation in the CIS and an investor with 20 years of experience advising on the creation of an investment portfolio. You will learn how to start building your own portfolio, how to build it, and what steps will help you save and increase your investments.
Novice investors will learn a lot of useful knowledge from the book, while financial advisors and experienced investors will be able to expand their own experience.
10. Konstantin Baksht “Taste of life. How to Achieve Success, Financial Freedom and Control Your Destiny
Money gives us that degree of freedom in which we ourselves choose the time and place of rest, we can not be afraid of impoverished old age and illness, and are able to give our children a decent education. Earning an amount sufficient for a comfortable life, it is advisable not to miss life itself. K. Baksht knows how to secure financial independence in a few years. Read, try.
Last update: 17-02-2019
In "Money or the ABC of Money" The story about financial literacy is led by a girl who started earning money already in her youth. A Labrador dog helps her cope with many moments.
Surprisingly, the book is originally intended for children. Moreover, even adults will find a lot of new things in the work.
Quotes:
- Luck, on closer examination, turns out to be just the result of hard work and careful preparation.
- If you continue to think in the same way as you thought before, then the results will be the same as before.
Not large enough in volume, easy to read, literally in one day.
On the simple examples Bodo Schaefer shows you step by step how to achieve financial well-being. Moreover, even from the process of making money you can get real pleasure. In total, 34 patterns in the handling of personal finances are listed.
It does not matter that all events take place in Germany and through the eyes of a child. The rules can be easily transferred to Russian realities.
Robert Kiyosaki's "Rich Dad Poor Dad" Will Change Your Mind
A detailed example with a table of expenses on how to distribute money in a family
A lot of people, without really understanding it, criticized the book Rich Dad Poor Dad. And this is not surprising, because after reading they tried to instantly get rich or at least find some secret of attracting money in the work.
Robert, on the other hand, tried to convey that you need to work, not to spend everything you earn, but to invest free money in the business.
Unlike other books, Kiyosaki did not talk about building a business for beginners. Robert only draws the reader's attention to the psychological moments in his mind. This is especially true of financial stereotypes that haunt people until retirement age.
The writer advises that:
- You should not move to a four-room apartment with a salary increase - after all, rent will increase significantly.
- Do not buy an expensive car at the first increase - the cost of fuel and components will be proportional to the investment.
- You don't have to work three jobs to dine in expensive establishments.
- Don't waste your savings on entertainment. They need to be put into action to obtain active and passive sources of income. After all, you definitely won’t be able to immediately jump above your salary.
- After opening the first new source of income, you need to think about starting a business.
The author says that modern education does not allow people to organize their business. In schools, we are taught that we just need to work (moreover, they don’t tell us where and how) and then we can become a sought-after specialist. The same thing happens at the university. And then a person is surprised that he is already 40, and nothing interesting happens in life.
Kiyosaki throws the idea that you need to learn how to invent your own entrepreneurial business and become an “uncle” yourself, for whom others work.
Selected quotes:
Wealthy people acquire assets. The poor and the middle class acquire a liability that they consider an asset.
This book is more about mindset. Shows the life of the majority and its other version.
Vladimir Savenok "How to make a personal financial plan" - practical examples
If you want to achieve financial security, stability, then you must read this book in its entirety. Then you will be able to gain control over your own money and learn how to manage it properly.
Vladimir Savenok- Russian specialist in the field of personal finance.
He goes into detail about this:
- how to get money to work for you, and it doesn’t matter what amounts are available at the moment;
- how to find funds for the realization of personal goals with the help of proper financial planning;
- how to achieve complete financial independence.
The book is written for every person. The story is interesting and plain language. The reader does not have to understand boring terminology and look into special textbooks.
After all, most people are used to the following: when the conversation turns to finances, they begin to yawn and understand practically nothing.
Usually, few people know about the work of insurance companies and monetary risks. After reading this book, I want only one thing - to act!
Selected quotes:
What is the minimum you can "pay yourself", or, in other words, invest? 10% of your total income.
There are quite a few examples in the book. from Everyday life(our realities, not another country), which everyone can adapt for themselves.
Summary
In the comments, share useful finds (books) and how they helped you.
P.S. For those who believe that all this is not applicable to us, I can only say that everything is in our head.
Human resources in our country is at a very low level. You don't have to be an expert to understand this. Investments, deposits, mutual funds, etc. This is only for financiers, ordinary people do not need to know these terms. Books on financial literacy will help you understand that this is an erroneous judgment. These are not regular textbooks for economists, but real tools for obtaining, saving and increasing money.
Poor and rich, successful and unsuccessful, businessmen and employees. We live in a world where two extremes constantly clash. Some have firmly mastered their place in society and do not try to change it. Some try to climb one step, then another, fall, but rise again. Which category of people do you belong to?
Chat with your immediate environment. What do they say about money?
“Money is like water, it flows to no one knows where.
- We must live one day and take from life to the maximum.
- Life is given once and it is pointless to spend it on saving and accumulating money.
I live paycheck to paycheck and have nothing to save.
Familiar phrases?
These phrases were foreign to me even before studying the issues of financial literacy, and now it is simply ridiculous to hear them. Read at least one book from the list and see how much your attitude towards money has changed. If nothing happened, come back to life one day. She really is alone. And everyone has the right to live it the way they want.
If you are used to listening to audiobooks in the car or during a workout, then pick up something on financial literacy in the near future. You will spend time with benefit and money after listening, learn how to save.
Best foreign authors
We'll start with foreign literature due to the fact that they began to deal with financial planning issues long before us. We went a long way, filled bumps and wrote great amount practical guides to action. Some have become bestsellers. Let's get acquainted with a small part of the best of them.
1. J. Clason “The richest man in Babylon”
* electronic version books can be bought and downloaded in formats: fb2, epub, pdf, txt.
A book for beginners with an example ordinary people shows how capital is to be formed. It gives very simple advice on how to become rich. And although this advice is very simple, many people find it difficult to follow because it is not easy to implement. “Part of what you earn should be kept for yourself” - this is the advice. It has already become a common truth, almost all authors say on their pages financial books about it.
George Samuel Clason calls for simple rules:
- Set aside at least 10% of every amount of money you earn. Appetite comes with eating. You will not notice how you gradually move to 20, 30 or 40%.
- Consult with knowledgeable people. I take this advice with caution for the simple reason that there are not so many of them in our country. Therefore, at the first stages of accumulating and increasing your funds, I recommend reading professional literature and be sure to filter the information received there.
- Money has to work. This is taught in the first courses of universities. They just don't say how to do it with the small amounts they have. most of the population of our country. I looked at savings mechanisms for low-income families in an article on how.
2. R. Kiyosaki “Rich Dad Poor Dad”
The problem with many people is that they spend as much as they earn. Money rules their lives.
It was the same with our family. When my husband and I first started living together, we were both young professionals with low wages. We managed with inexpensive things, bought cheap products. Ours has grown over the years professional level earnings grew, but so did expenses. There were expensive products in the refrigerator, going to restaurants. Fortunately, we quickly saw the light.
The only rule to learn from the book is to invest in assets, that is, in what brings in money, and not in what takes them. Due to financial illiteracy, we often confuse these concepts. Read the book by Robert Kiyosaki and learn to distinguish between them, and also understand how poor and rich people think. What type of thinking do you consider yourself to be?
3. N. Hill “Think and Grow Rich”
The book was published at the beginning of the 20th century and has been reprinted more than 40 times. Considered a bestseller. The book contains the author's experience in studying the psychology of successful people. The main conclusion that Napoleon Hill makes and conveys to us is that wealth is work, constant work on oneself, the search for ideas and action.
The book contains stories of famous millionaires who believed in themselves, in their idea and went to it, despite the ridicule and misunderstanding of others.
Motivation at the stage of realizing that we are missing something in life and doing it wrong is very important. Everyone has to go their own way to understanding the need to manage their own money.
N. Hill's book inspires, teaches to think and grow rich. If you're in need of a magical kick, welcome to the pages.
4. Bodo Schaefer “Mani, or the ABC of money”
The first impression from the beginning of reading is that this is not for you, but for your daughter or son. Children's literature. The book is written from the perspective of a 12-year-old girl who learns the basics of financial literacy with her dog Mani. But first impressions are deceiving.
It will be useful not only for teenagers, but also for adults. After all, many of us in matters of money are still children. The author explains the basic principles of wealth in a simple and understandable language. What is money? How to learn how to earn them? How to save and increase? You will find the answers in the pages of the book.
By the way, it will not be superfluous to show this book to your children. At school, they hardly talk about money. And in adulthood it is better to spend time not on studying the financial alphabet, but on developing a financial strategy and tactics for enrichment.
Best domestic authors
Books by foreign authors take into account the realities of the Western world, in which much more attention is paid to financial literacy than in our country. Therefore, people there are more savvy in this matter. This is understandable, why teach how to make money in a country where there were no financial instruments for their accumulation and increase, except for Sberbank.
Only since the 90s of the last century has it become necessary to talk about what money is, where it comes from and where it then goes. It took a few more years to grow our own financially successful people who shared their skills of personal enrichment. Therefore, there are still few books by domestic authors on the market, but they are all the more valuable.
Consider the most popular of them. Two of them are from Vladimir Savenk, who is one of the first financial consultants in the post-Soviet space.
5. V. Savenok “How to make a personal financial plan and how to implement it”
Vladimir Savenok has been professionally involved in finance for more than 20 years. As he himself notes, his book is written in a language understandable to everyone. The author in a very accessible form teaches you to work with money, understand its movement and experience the pleasure of managing it, and not vice versa. Vladimir points to the obligation of financial planning for each person and individual family, regardless of income level.
This has been verified in my own experience. Only 2 months have passed since the beginning of financial planning in our family. I clearly know how much our family income is and all items of expenditure to the penny. The first item in our expenses is the amount of 10,000 rubles, which we deposit every month on a deposit. We plan a family budget for a month in advance and try to stick to it. While the flight is normal.
But the main thing that V. Savenok pays attention to is the mandatory implementation of the acquired knowledge. Otherwise, the book will become just one of ...
6. V. Savenok “A million for my daughter. Step by step savings plan”
The title of the book already contains the main message. The author explains how to accumulate capital, what investment mechanism to use, how to protect money from inflation. A book for those who do not live for today, who think not only about their own, but also about the well-being of their children.
If you have never heard what stocks, bonds, pension insurance are, then the author talks about this in text and pictures.
In an easy, accessible form, inherent in all the books of V. Savenk, he uses practical examples and personal experience teaches the art of accumulation. The book is not only theoretical material with practical examples. it workbook. What it is? You not only read, but also fill in the calculation tables given in the book, which are the accumulation plan.
The book can become your desktop book for the next 10, 15 or more years.
7. Yu. Sakharovskaya “Where does the money go. How to properly manage your family budget
This book is not about how to live on credit or spend exactly as much as you earn. This is a book for those who have thought about the question of where all the salary goes and why it is not possible to save up for a house by the sea, own house or a car.
Yulia Sakharovskaya is a financial consultant for managing family finances. She teaches how to make and optimize expenses and talks about the main accumulation tools. The main principle is that this should not be at the expense of the daily joys of the family.
Tips from successful people, stories of great businesses from their creators, principles of personal finance management. If financial independence is your goal, we recommend that you start your journey by studying books from our selection.
1. Maverick. The success story of the most unusual company in the world. Ricardo Semler
No secretaries. No dress code. No positions. No business plans. No schedules or hours of operation. Moreover, the employees set their own salaries. Could you manage such a company? This is how Ricardo Semler, the Brazilian corporation Semco, manages, turning a crumbling family business into the most unusual company of our time. He built a business model that has survived economic downturns, industry strikes, hyperinflation and more. Over the past 6 years, Semco has increased its revenue from $35 million to $160 million; the company has virtually no employee turnover, and there are no signs that its growth will slow down in the coming years. How did Semler decide to turn the company from the inside out, upside down, by abolishing nine levels of management and introducing unprecedented democratic procedures for his employees? The author tells about the amazing transformation of his company and the changes in the thinking of its employees, how the chain reaction of transformations turned an aging and dying enterprise into one of the most dynamic and innovative companies in the world. This is the story of a company that challenged traditional ways of managing and showed the world how to succeed in today's tough business world by putting employee freedom ahead of corporate goals.
Sir Richard Branson is more than just a talented entrepreneur who built the unique Virgin brand, bringing together several dozen completely different businesses, including music disc stores, airline and rail companies, a radio station and a publishing house. Branson's book is a manifesto of life, action, risk. The credo of its author is to take everything from life. It means not being afraid to do what you want. It does not matter at all whether you have enough knowledge, experience or education. Life is too short to waste it on things that don't bring you pleasure. If you have a head on your shoulders and enough enthusiasm in your heart, any goal will be possible. If you like something, do it. If you don't like it, don't hesitate.
Motivational books are not uncommon these days, but is this book different from so many others? The work "Rich Dad Poor Dad" shows us a picture of the future of man. And it becomes quite clear that without self-education, without motivation, without gaining experience, a person can not expect results that can amaze someone. The author frankly shares his thoughts, a special outlook on life, but also tries to influence the reader, influences thinking, expands the boundaries of knowledge, instilling confidence in the idea that shows that without self-development, without knowledge of the world, a person slowly degrades!
With this book, the creators of the super-popular Rich Dad series open new series- Rich woman. The wife of millionaire Robert Kiyosaki wrote it for those women who seek financial independence from her husband.
The author of this book is sure that in order to fulfill all your plans and desires, you must first of all succeed in money matters, using the principles of personal finance management outlined in its pages. For a wide range of readers.
Perhaps the most significant and authoritative book in the world - a guide to gaining success, wealth, vitality of overcoming and purposefulness. For 70 years, Think and Grow Rich! considered a classic textbook on wealth creation. In each chapter, Napoleon Hill reveals the secrets of making money, using which thousands of people have acquired, increased and continue to increase their fortunes, while developing and enriching their personal potential. Before you is a new classic edition of the grandiose work of Napoleon Hill, supplemented and revised to reflect modern realities. For the widest range of readers.
Children's book for adults? you ask in surprise. And why not, if such a financial genius as Bodo Schaefer takes up the matter? Using the example of a children's story, he shows us the path to wealth. Even those who came out childhood readers will quickly notice that Schaefer's advice and ideas are quite applicable to the adult world, that a person of any age can implement them and learn something new. Little Kira and her friends learn to handle money, save it, multiply it and get rid of debt. They begin to understand how to make the dream of a prosperous life come true. Bodo Schäfer explains each step to wealth in an absolutely understandable way and shows that not only the possession of wealth, but also the process of earning money can bring pleasure.
In this impressive and mind-expanding book, Raidy Gage reveals the secrets to attracting health, happiness and prosperity. But we warn you in advance: the author says everything directly, sharply and with brutal honesty, exposing the secret influence of "viruses".
The book's author, a well-known business philosophy advocate, offers seven unique strategies for success. By adopting them, you will be able to control your time and finances, learn to change and strive for knowledge, gain a boost of energy and a desire to achieve your goal, surround yourself with winners. For a wide range of readers.
Millions of people have read Rhonda Byrne's famous book The Secret and watched the film of the same name. But not everyone knows whose ideas and thoughts inspired their creators. Meanwhile, the Law of Attraction was discovered at the beginning of the 20th century, only it was then called differently. One of the progenitors of The Secret is the American writer Wallace D. Wattles (1860–1911), a follower of the New Thinking movement, well-known at the beginning of the last century, the founder of motivational and self-help literature. His works "The Science of Being Rich" and "The Science of Being Great" were far ahead of their time and deservedly considered classics. In this book, they are presented in the modern edition of Dr. Arthur Pell and contain interesting explanations, historical references and so on. This book will help you reconsider many of your views, restructure your thinking, unlock your potential and make important steps on the way to unconditional wealth and true greatness.