Entering the world of finances can be overwhelming for a novice in the field. With tons of videos on YouTube from so many attractive courses available, it becomes hard to know which source is more trust-worthy. You could walk into any book store, you would find thousands of books with attractive titles offering advice on how to spend your money wisely, how to save it, where to invest, where not to — and this is what makes you run away from it!

Whether you are an English Major or not, everyone wants an easy-to-read finance book so they can tap the knowledge the book has to offer and make the best use of it. Here is a list of 5 books that wouldn’t take too much time to make you understand the foundation of finances.

A) “The Millionaire Next Door” by Thomas J. Stanley and William D. Danko

Published in 1996, “The Millionaire Next Door” narrates the findings from more than 20 years of research explaining how the elite club of America’s millionaires became rich, with help of seven key characteristics. The book, The Millionaire Next Door, is great for people in their 20s because it talks about the basics of personal finance with an easy language. It sets the message straight with simple lessons like ‘spend less than you earn’, ‘diversify your portfolio’, ‘earlier you invest, the better’ and the book helps the young reader develop good financial habits and proper understanding that would help them in the longer run.

B) “Thinking, Fast and Slow” by Daniel Kahneman

The Nobel-winning behavioral economist takes readers to a ride of the mind and explains how our mind thinks and makes us do what we do and relates planning finances is like a series of decisions that one has to make. This book offers practical insights into how we form choices and make a decision in both personal and professional life.

Why it’s great for young people:

‘Thinking, Fast and Slow‘ helps readers understand what drives them to make the choices they make and what is the psychology behind it. This psychological aspect is what makes the book highly interesting for young readers. Once you know the mechanism behind your brain, you start to really understand how it functions.

C) “I Will Teach You To Be Rich” by Ramit Sethi

In an easy-breezy way, Ramit Sethi outlines a serious six-week personal finance program for people from 20- to 35-year-olds, who want to master the art of planning their finances with investing the least amount of effort and implementing it in their daily lives.
‘I Will Teach You To Be Rich‘ is one of the best books that you will get your hands on when you are beginning your journey of understanding the world of finances and the best book to kickstart your financial well-being. The book takes several tones, from funny to educational and a full guide of “how-to’s” and everything that you would expect from a finance book.

These books are your greatest friends when it comes to understanding finances but it is essential to know what advice to take from what. It is important to know one size does not fit all. What worked for others may not work for you because that’s how the market works