Personal Finance: 5 Books You Should Definitely Have On Your Bookshelf

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A collection of finance books. Image from https://seekingalpha.com/article/1940511-16-best-finance-books-of-all-time

It is said that there’s nothing new under the sun, but certainly, there is something old that we do not know about.  And where can you find this old but gold information? Only in a book if not from your knowledgeable grandparent if you’re one to frequent your hometown. In this case, if you’re puzzled about the strategies to use, resources or where to get information on personal finance and entrepreneurship, let us embark on top 5 finance gurus you should be taking advice from.

  1. The Richest Man In Babylon

Ask Pilot Isaac Awinyo and he will tell you that The Richest Man In Babylon, is his go-to book when it comes to practical advice on personal finance. Interview: Pilot Isaac Awinyo Talks About Success & Giving Back To Starehe With The Support Of Emirates Foundation

 

image from https://books-for-everyone.com/product/the-richest-man-in-babylon/

This finance masterpiece was written by George S. Clason and published first in 1926. It is an inspirational book that will educate you as well as offer an understanding of your personal finance problems, helping you to develop a financial mindset, through 7 simple rules of money. The book highlights ancient financial success secrets dispensed through 8,000 curated parables which will lead you to the road of happiness and prosperity.

You can find the 72-page book at your local bookstore.

The book goes for Ksh 400 if you buy it from a book vendor in Nairobi. If you buy it at a bookshop the price might be slightly higher (Ksh 1000).

  1. Robert Kiyosaki
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It is a no brainer that on this list Robert Kiyosaki would make it as one of the finance gurus you should be taking advice from. His famous book Rich Dad Poor Dad gives a recount of a small kid who looked up to two different dads and through it grew to learn the underlying principles in the world of accumulating wealth. Through his journey from childhood Kiyosaki illuminates the deficient practices, mentalities and ingrown habits between two dads that come to affect him later in life when it comes to financial decision making. As a finance guru his book majors on entrepreneurship and smart ways to make investments build assets and make money work for you.

Buy an E-book of the book online or get it at your local bookstore. You can also find the book around town displayed by book vendors within Nairobi. It goes for Ksh 500.

  1. Napoleon Hill
Image from https://www.audible.com/pd/Think-and-Grow-Rich-Audiobook/B06XQ45WJL

Napoleon Hill is a renown self-help guru with books that continue to inspire generations. If you are an enthusiast of personal achievement, and financial independence, you are sorted when it comes to his books, particularly his timeless classic, Think and Grow Rich. As with most self-development reads, it requires effort and implementation to achieve results. Hill prepares you on the road to success by giving you 13 major causes of success and 31 major causes of failure. The book which was published in 1937 has faced many critics who claim that the ideas stipulated do not rhyme with the current day and age. However, after you read it you come to understand what they mean by history repeats itself and that there’s nothing new, except what has been forgotten.

These are the 13 Principles you will find in Think and Grow Rich? Desire, Faith, Auto – Suggestion, Specialized knowledge, Imagination, Organized planning, Decision, Persistence, Mastermind, Sex transmutation, The Subconscious, The Brain and The Sixth Sense.

Read on to find the 30 principles of failure and add yours (the one left) in case Napoleon Hill missed it.

In Nairobi town, you will get the book at Ksh 500. If buying from a book store the price may vary.

  1. Benjamin Graham
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The Intelligent Investor by Benjamin Graham uses the allegory of Mr market to highlight the building blocks for value investors.

It is a book that highlights emotions as energy in motion and how they should be harnessed to facilitate rather than corrode our judgement when it comes to making investments. Graham says that rather than business insights, a high IQ or inside information, the most important thing is to be rational and have emotional discipline.

The book costs Ksh 1500. It is readily available in a bookstore or if you’re lucky enough, you can get from book vendors at half the price.

  1. Suze Orman
image from https://www.suzeorman.com/products/the-money-book-for-the-young-fabulous-broke

Author of The Money Book for the Young, Fabulous and Broke. Well, the title tells it all. If you cannot find any relatable advice from the older generation, Suze Orman makes it palatable by offering an exclusive guide for the millennials. It is a book that will engage you with questions and short pieces of invaluable information which will guide you in your journey of personal finance. It is clearly indicated at the back that this isn’t your parents’ personal finance book, so if you’re in your 40’s we apologise, this one isn’t for you.

The book cost Ksh 1000. You can get it from your local bookstore.

Also, check these books out The 7 Best Personal Finance Books You Need for 2019

From the blog check out  5 Business Management Books you should read in 2019

Featured image via seekingalpha.com

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