10 best personal finance books to read in 2020

With the New Year resolutions, every year along with exercising, leading a healthy lifestyle, saving money and making a budget are two of the most popular ones in the list. And why shouldn’t it be as between student loans, paying rent, and balancing everyday expenses, most of you haven’t got the liberty to think about building an emergency fund, planning for retirement, or investing; and with the complexity of the world of finance, terminology and analytical formulas, can all seem a little overwhelming.

With the coronavirus impacting, lockdown imposing us to stay put in our homes have kept us wondering how unprepared we are financially or how important it is to invest in future? The lockdown has given us an abundance of free time to introspect, read, and get ampler at managing our money. These are the ten personal finance books that are good reads for this year.

1. The Total Money Makeover by Dave Ramsey
The author talks about providing a solid foundation for saving enough money so that the next life emergency won’t derail your finances and you can retire comfortably. Ramsey’s cred has always involved paying off your debt so you can get there, and he tells you how. A proven Plan for financial Fitness is about how to juggle marital difficulties, kids and budget.

2. The Automatic Millionaire by David Bach
This book is one of my favourites as it is very straightforward and the name says itself. One-step plan through a success story of a couple which doesn’t involve budgeting, earning eight figures a year etc. This book was published in 2004, but it stays very relevant even in these times. It is a good read, and through a story, you understand the secret mantra to success.

3. Why didn’t they teach me this in school by Cary Siegel
This book draws young people up to pace, but don’t neglect it if your over the twenties and think you are too old to read these basic principles, you will be left astonished as 99 sounds like a lot, but the author has made it easy by articulating them into eight lessons. They’re about learning to manage your money, so it doesn’t manage you.

4. Your Money or Your Life by Vicki Robin
The book is for the millennials because I see the trait of the new generation to dare to express the idea that living frugally will make them happier. Think about it: these days you go with a job that makes you most comfortable, and you are ready to trim your budget accordingly, and “Your Money or Your Life” will tell you how. Overall, it’s not so much about learning to budget as it is about living within your means by changing your habits and enjoying life.

5. The Millionaire Next Door by William D. Danko & Thomas J. Stanley
To actually understand how to acquire wealth, the authors interestingly discovered that most of them don’t live in Beverly Hills or drive fancy cars. Instead, these people earned most of their wealth by working hard, surviving frugally, and saving most of their money. Antithetical to the media’s vivid depiction of millionaires, the book highlights how to get rich without requiring a high-profile job or degree.

6. Broke Millennial by Erin Lowry
This book is targeted towards 20- and 30-somethings desiring to learn about finances. The author makes things simple for young adults who are bewildered and confused about debt and budgeting with this quick, motivating example. In a sea of personal finance books composed for older people, “Broke Millennial” offers a fun, relatable take on handling money for beginners.

7. I Will Teach You To Be Rich by Ramit Sethi
The name of this book sounds too good to be true but ignore the name. This one is packed with amazing to the point tips to earn more, save even more and get rid of the debt. If you are a novice, this is the book you should begin from. Anyone who doesn’t know anything about personal finance could pick up this book and, with some self-discipline, be on their way to reaching their financial goals.

8. How to Retire Happy, Wild, and Free by Ernie J. Zelinski
The title will make you feel that you will have to work 80 hours a week until you are 40 and then retire. But interestingly, it doesn’t promote working longer and harder to accomplish that. These are the best years of your life, and the author imparts a few lessons about how to enjoy them on the money you have, sooner rather than later.

9. Financial Freedom by Grant Sabatier
In his book, he proffers a complete guide to planning and building wealth, as well as devising the motivation for you towards attaining your financial freedom. This book gives an outline for accomplishing money while achieving your financial freedom. In this book, the author discusses how to live based on your necessities and value time more than money.

10. The Millionaire Fastlane by MJ DeMarco
The typical path to wealth is to graduate from college, get a job, save 10% of the paycheck, and keep relentlessly cutting expenses. This book is all about growing from the slowlane to the fastlane to build massive wealth. The Millionaire Fastlane is for somebody who wants to get rich young instead of getting rich when they are old.

Investment is a good way to start your journey of planning your financial future. RSBL Gold is seeing a trend of all ages are into investing these days and these books will help you in understanding the financial aspect better. In these difficult times, RSBL Gold gives you the freedom to understand and invest in gold which is a stable market in these difficult times.