3 Books on Finance by Indians, of Indians & for Indians
Reading books are a great source of knowledge, information and motivation. Warren Buffet, the great investor, spends the maximum time by reading books. The more you read, the wiser you become. There are many famous personal finance books by American authors such as Rich Dad Poor Dad, The Richest Man in Babylon, Dave Ramsey books, etc. But do you know, there are many astounding books on personal finance written by Indian authors?
Today, we have curated three books on finance written by Indian authors which can help you to understand and master personal finance. If you are young and want to be serious about your finances, these books will be of great help.
1. The Richest Engineer by Abhishek Kumar
Tagline: A Story That Will Unravel the Secrets of the Rich
The Richest Engineer is about mastering the inner art of wealth creation. The book is fun to read, easy to understand and fairly easy to apply. It is written in an entertaining story format with two IT Engineers (who are also friends) as the protagonists, Vinay — the financial wizard and Ajay, his college mate. Through this book, you will learn precisely what has been stopping you from becoming rich and how you can change yourself to live the life you always dreamt of — a life of wealth, abundance and financial freedom.
The Richest Engineer tells how anyone can cultivate the habits and behaviours that will enable them to achieve financial freedom. The ideas provided in the book are not a get-rich-quick formula, but they guide the reader to financial independence which can be achieved by earning just an average salary.
Favourite Quote from the Book:
"There is a difference between looking rich and being rich. Most people in their attempt to look rich forget to become rich." — Abhishek Kumar
2. Let's Talk Money by Monika Halan
Tagline: You've Worked Hard for It, Now Make It Work for You
Monika Halan is India's most trusted name in personal finance. Her book "Let's Talk Money" offers a feet-on-the-ground system to build financial security. The author has done an excellent job of explaining complex stuff in simple words. The book fantastically dispels some myths we Indians have financially and gives a clear roadmap on how to manage our money. Not a get-rich-quick guide again, this book helps one build a smart system to live their dream life rather than stay worried about the 'right' investment or 'perfect' insurance. Unlike many personal finance books, Let's Talk Money is written specifically for every Indian, keeping the Indian context in mind.
A lot of financial mistakes that the author has highlighted are done by the majority of the people in India. However, this is one of the best books for getting started with managing your own finance.
3. Retire Rich by P. V. Subramanyam
Tagline: Invest Rs. 40 a Day
Retire Rich is strongly recommended for all first-time investors in India. You'll find a lot of books on the why and how of investing, but this one is written from an Indian point of view and hits the nail precisely on the head. It is full of sensible advice and traps one should avoid. It is packed with examples, case studies, etc. To most people, retirement is about age, but the book reveals retirement is an amount of money that you have! After all, if you have that magical amount, why not retire 'rich and early'?
The book tells, the earlier you start with your retirement planning, greater is the flexibility and greater are the options. It says the day you start with your retirement planning; it will help you decide whether your retirement will be Green or Red.
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Source: https://ekvity.medium.com/3-books-on-finance-by-indians-of-indians-for-indians-5a8704a8de00
