Ranking of the best books on financial literacy in 2020

What does it take to build an empire? Not only a great desire, but also knowledge of the nuances of financial affairs. This will help educational books on financial literacy, which can give you the pieces of wisdom you need to accumulate, maintain and increase wealth.

There are a number of financial literacy textbooks that have built an excellent reputation over the years for providing information that has changed the lives of many aspiring entrepreneurs. Finding literature that can answer the questions that remain a stumbling block in your quest for success is a vital experience for every future millionaire.

What is the best book in its genre, how do you choose the right reading for the weekend? A selection of recommended books from the best financiers, a detailed description and content of each book in this article!

Best books on financial education

Collected below are popular tutorials that you should definitely read if you plan to conquer the financial Olympus in the future. The list contains books for both ordinary people and businessmen who know the basics of investing and not only.

Rich Dad Poor Dad by Robert Kiyosaki

This is Robert Kiyosaki's inspirational story of his growing up period with two dads, his real father and his best friend's rich father. The book is about how both men shaped the young boy's thoughts about money and investment.

The ingenious bestseller not only provides insight into how and why you should invest, but also challenges the reader to develop this culture among children. This work has many fans, in their reviews, readers enthusiastically describe the impressions of what they read, tell how motivational advice changed their lives for the better.

A foreign book, filled with frank conversations, bright inserts and quizzes, will serve as an impetus for a child's personal and financial success. The author will teach you to speak the language of money, "to work in order to learn, not to earn." In total, 27 volumes of the "alphabet" have been written for businessmen, but special attention should be paid to:

• Rich Dad's Guide to Investing;
• Cash Flow Quadrant;
• “To retire young and rich”;
• "If you want to be rich and happy, don't go to school."

The popularity of this series is obvious. Hardcover, thick pages, nice font are good reasons to buy a paper book. There are handy fields for notes, a section for seminars after each chapter with questions for discussion.

How much does Robert Kiyosaki's bestseller cost? Price - from 170 to 400 rubles. There are editions with pictures and illustrations. The circulation is about 30 million copies.

• written in simple language;
• addictive and easy to read;
• will be useful for teenagers and children;
• the meaning of money is revealed;
• budgetary cost;
• the writer makes specific recommendations.

• a lot of unnecessary information, lyrical digressions.

“A wise investor. The Complete Guide to Value Investing ", B. Graham

The greatest economist of the twentieth century, Benjamin Graham, has trained and inspired people around the world for many years. Graham's philosophy of value investing, which teaches novice investors to develop long-term strategies, has made his textbook the bible of the stock market since its initial publication. The year of publication of this masterpiece is 1949.

While maintaining the integrity of Graham's original text, this revised edition includes updated commentary by renowned financial journalist Jason Zweig, whose perspective reflects the realities of today's marketplace, draws parallels between Graham's examples and modernity, and provides readers with a deeper understanding of how to apply the principles of the American economist in everyday life. ...

The main emphasis is that you must conduct a deep and thorough investment research, as only analysis leads to excellent results. Warren Buffett (the largest investor of our time) calls this textbook the best book on investing in principle.

The price of a hardcover book varies from 500 to 900 rubles. Only 568 pages, with a handy rag bookmark. You can buy and download the electronic version of Graham's work at Litres, as well as on the website of the Russian publishing house Alpina Publisher.

• written by an expert who knows his business;
• a helpful guide with practical tips;
• the criteria for the selection of shares, bonds were logically explained;
• the ways and methods of successful investment are described;
• figures, facts, analysis over a long period of time.

• not suitable for beginners;
• it is desirable to know the basics of finance;
• protracted presentation, dry tongue.

"Think and get rich. Edition of the XXI century ", Arthur R. Pell

Hit for centuries! The book was written after the Great Depression of 1929 and is the final product of two decades of research by Napoleon Hill. His work began when Andrew Carnegie (a steel tycoon who was then the richest man on Earth) tasked him with describing the "Philosophy of Personal Achievement."

Napoleon Hill, who was then only a poor journalist armed only with an opening letter from Carnegie, set out to interview more than five hundred successful people, including Henry Ford, Thomas Edison, Alexander Bell, John D. Rockefeller, George Eastman, and others. Well, he did it!

Hill then unveiled the invaluable wisdom of his exploration in the form of thirteen simple steps to success. Regardless of when this book was written, the stories and lessons of the talented journalist are still relevant today. In the original book, Think and Grow Rich, published in 1937, Hill draws on the stories of his generation's millionaires to illustrate his personal principles.

In an updated version, Arthur R. Pell, Ph.D., internationally renowned author, lecturer, and human resource management consultant, cleverly weaves the original text with new stories of how modern-day wealthy people like Bill Gates Mary Kay Ash and Sir John Templeton have achieved their heights. Obsolete terms have been updated to remove any stumbling blocks for a new generation of readers.

• describes the history of entrepreneurial thought;
• read in one breath;
• detailed overview of the American financial market;
• will appeal to fans of the genre of financial literature;
• interesting tips and tricks.

• a lot of water and repetitions.

The Smart Investor's Guide by John Clifton Bogle

This popular book is a classic guide to read for anyone looking to change their financial situation once and for all. The legendary John Clifton Bogle reveals his secret of investment success, namely low-cost index funds. The author tells readers how to make index investing work and generate impressive returns.

Bogle describes the simplest and most effective investment strategy for making millions over the long term, which is "Buy at a very low price and wait for your time." With this tutorial, you can also:

1. Build a broadly diversified, budgetary portfolio without the risk of individual stocks, manager selection, or sector rotation.
2. Forget the marketing hype and whims of white collar workers and focus on what works in the real world.
3. Recognize that ultimately the business reality exceeds market expectations.
4. Learn how to use the "magic" of complex return, avoiding the tyranny of complex expense.

In the updated version, the businessman also added two new chapters intended to provide further advice to investors: one on asset allocation, and one on pension investments.

The strategies are endorsed by Warren Buffett, who said this about Bogle: "If there is ever a statue erected to honor the man who did the most for American investors, it should be a monument to John." He is supported by other masters of their craft, including Benjamin Graham, Paul Samuelson, Burton Malkiel and others.

• the book answers all questions about ETFs;
• captivating, written in simple language;
• affordable training for beginners;
• explains the criteria for choosing investments.

• information only about ETF;
• not suitable for beginners.

The most anticipated novelties in the world of financial literature

Where to begin? What to do to learn how to make good money? There are so many questions that the greatest businessmen have already answered in their books. Below are a selection of the top best pieces that inspire the challenges that made them surprisingly successful.

“Eight rules of efficiency. Smarter, faster, better, Charles Duigg "

“Eight rules of efficiency. Smarter, Faster, Better ”- the best in the opinion of millions of readers from all over the world. Most of the reviews are positive, in their reviews numerous readers enthusiastically tell how their lives changed after reading this motivating book.

This business book is especially helpful in the area of ​​productivity as it offers a new definition of what it means to be productive. The author will teach you how to shift your focus to managing your thinking, rather than wasting time on what you think. The basic principle is that you can change your life by making certain choices, and bestselling author Charles Duigg gives you the tools to restructure your decision making.

In Smarter, Faster, Better, Dugigue makes a compelling case that the traditional goal-setting model, which focuses primarily on our big ambitions and ignores all the small decisions and easy goals along the way, is inherently flawed if you want to make big changes in your life or business.

• there are editions with illustrations and photographs;
• reads quickly and easily, the language is simple and fun;
• suitable for beginners who are far from the intricacies of business;
• original tips and tricks.

• a lot of water and empty phrases.

“Tools of the giants. Success Secrets, Productivity Techniques, and Good Habits ", Tim Ferris

“Over the past two years, I have interviewed over 200 world-class artists for the podcast. Guests included super-celebrities (Jamie Foxx, Arnold Schwarzenegger), athletes (icons of powerlifting, gymnastics, surfing) and legendary black market "biochemists". These interviews helped me write the book, ”commented Tim Ferris, author of a series of bestsellers, on the publication of his new book.

This piece naturally brings together the best business tips, productivity tips, life lessons, and more from all of Tim's podcast guests. The man says that reading this business book is one of the most affordable investments you can make in the future as an entrepreneur. It doesn't sound very modest, but there is some truth in his words.

Tim admits that he considers himself more an experimenter than an interviewer: “Everything on these pages has been tested, studied and somehow applied in my life. I have used dozens of tactics and philosophies in negotiations, high-risk environments, and large business relationships. These simple lessons have earned me millions of dollars and saved years of wasted effort and frustration. "

You can get the book for free by downloading it online from iknigi.net. It will be interesting to read "Giants' tools" for general development even for those people who do not plan to do business in the future.

At the heart of this hit are eight key performance concepts (from motivation and goal setting to concentration and decision making) that explain why some people and companies are so successful.

Drawing on the latest discoveries in neuroscience, psychology, and behavioral economics, as well as the experience of CEOs, educational reformers, generals, FBI agents, airplane pilots, and even Broadway songwriters, this book explains how productive people operate in everyday life.

• captivating content;
• can be freely downloaded for free;
• actionable and inspiring advice;
• suitable for beginners.

• not found.

"I will teach you to be rich" by Ramit Sati

I will teach you to be rich was published ten years ago by Ramit Sati, but recently the book has been reprinted and updated. Year of publication - 2020, eminent financiers are already equating the "textbook on wealth" with the world classics. Despite the fact that the book is voluminous (only 350 pages), it reads easily and quickly.

What's the point? Buy as much coffee as you like. Choose the right accounts and investments to automatically increase your earnings. It is best to spend money without regret for what you love. Personal finance expert Ramit Sati has been called a "wizard" by Forbes reporters.

Today, a businessman is considered one of the best authors in his niche, this book is a clear confirmation of this. In his new book, Ramit:

• teach you how to create free bank accounts with a high interest rate;
• will tell you how to save hundreds or even thousands a month (and still buy what you love);
• Describe a set and forget investment strategy that is extremely simple and outperforms financial advisors at their own game;
• help you cope with buying a car or a house, having children and other big expenses - quickly and without stress;
• teaches you to use the right phrases to negotiate a big promotion at work.

Ramit presents ideas differently from many other financial experts; he focuses on big wins that will really impact your monetary status.

• simple and understandable language;
• suitable for reading in public transport;
• many tips and tricks.

• there is no official Russian edition.

Conclusion

Now you know which book is better to buy? This detailed ranking of must-read books will help bridge your financial knowledge gaps. Among the works described above, everyone will find a suitable "representative of the genre".