[News] Best Personal Finance Books of 2020

[Dr.Drako]

Unemployment, business bankruptcies, millionaire debts, in addition to human losses, are things that will make 2020 great. Therefore, specialists recommend that people give greater importance to personal finances.
2020 has been a tough year for everyone, from the crisis generated by the coronavirus (COVID-19). The world economy has plummeted and quarantine in many countries has forced everyone to stop their work activities.
Unemployment, business failures, millionaire debts, in addition to human losses, are things that will mark the end of this decade. Therefore, to stop and prevent the blow from being harder, many specialists recommend that people give greater importance to personal finances.

Catching up on the topic is a great start. For this, there are endless websites, influencers, and even applications that help manage money. However, all of those don't compare to a good book. In that sense, the CNET portal shares with the world the best books on personal finance. We will detail it below.

THE BEST PERSONAL FINANCE BOOKS OF 2020
Some of the books are on Amazon's bestseller list, some are new, and some more have stood the test of time. In summary, what the following books have in common is that they are good reads full of financial lessons. Here we go.

1. RICH DAD POOR DAD (RICH DAD POOR DAD) BY ROBERT T. KIYOSAKI

The premise of this book is that it teaches us that to get rich you don't need to have a high-ranking job. Making smart decisions about your money is vital, regardless of your salary or income level.

Rich Dad Poor Dad is aimed at fathers. This book will help you better understand money so you can teach your children about it. It is of the utmost importance that parents teach their children about personal finances, that they educate them, especially how to make the right decisions regarding money.

 

2. HUSTLE HARDER, HUSTLE SMARTER DE CURTIS ’50 CENT ’JACKSON

50 Cent is much more than just a platinum-selling rapper. A big deal to executive produce the crime drama show “Power” made him one of the highest paid executives in the media. And his initial investment in Vitamin Water was worth millions.

Hustle Harder, Hustle Smarter contains autobiography, some self-help lessons, and lots of advice on personal finance. Curtis Jackson explains how the risks he took laid the foundation for his success.

 

3. THE 7 HABITS OF HIGHLY EFFECTIVE PEOPLE (THE 7 HABITS OF HIGHLY EFFECTIVE PEOPLE) BY STEPHEN R. COVEY

This book has been around for 30 years. It has been named one of the most influential business books of the 20th century. Although it is considered more of a self-help book than a finance specific one, it contains many lessons about money.

The basic premise of the book is that if we can change our perception of the world, we can change our perspective on life.

 

4. THE INTELLIGENT INVESTOR: THE DEFINITIVE BOOK ON VALUE INVESTING (BENJAMIN GRAHAM'S DEFINITIVE BOOK ON VALUE INVESTING)

This book was published in 1949 and may seem too old to be relevant today. However, this issue contains commentary from prominent modern investors, including Warren Buffet, explaining why you should try to minimize losses rather than maximize profits.

It is a true investment textbook, with lessons for long-term investors and daily traders alike.

 

5. THE MAXWELL DAILY READER BY JOHN C. MAXWELL

The Maxwell Daily Reader encourages growth and change within you and then passes the benefits on to others. This book is more about leadership than money and finances, but you can use the tools you learn through this book on your financial journey.

Leadership shines with consistent practice - the more you do through thoughtful action, the better a leader you will be.

 

6. MALCOLM GLADWELL'S OUTLIERS: THE STORY OF SUCCESS (OUTLIERS: THE STORY OF SUCCESS)

Gladwell asks, what makes successful people stand out? Instead of focusing on what they do, pay attention to how they got there. See what makes someone the best at something or how they built one of the most successful companies in the world.

Learn some secrets of the most successful people in the world and use that knowledge to organize your money. Use those people's tools to build and maintain strong personal finance skills.

 

7. HOW TO STOP LIVING PAYCHECK TO PAYCHECK (HOW TO STOP LIVING CHECK TO CHECK) FROM AVERY BREYER

In the United States, almost 60% of citizens live from check to check. Avery Breyer put together a step-by-step guide in this book for getting out of debt, building an emergency fund, and avoiding big budget traps.

If you've never budgeted before or want to give yours a makeover, you'll find what it looks like here, and how to stick with it. Budgeting seems daunting, but it is one of the most important tools you need to get out of debt and save money.

8. DAVE RAMSEY'S THE TOTAL MONEY MAKEOVER (THE TOTAL MONEY MAKEOVER)

Dave Ramsey has had a career telling people how to fix their financial problems. His book, The Total Money Makeover, remains one of the most purchased money books on the market.

It has seven steps to financial freedom, including how to save a quick $ 1,000 for an emergency, among other secrets. There are also sections on saving for retirement, investing, and paying your mortgage.

 

9. THE 10X RULE: THE ONLY DIFFERENCE BETWEEN SUCCESS AND FAILURE (THE 10X RULE: THE ONLY DIFFERENCE BETWEEN SUCCESS AND FAILURE) BY GRANT CARDONE

This book delves into the myth of time management and details how some people fail while others succeed. If you're ready to go to the "next" level, it's time to use the 10x rule.

Although this book is intended for management and leadership positions, it is also a good option to address your finances. There are some people who fail at money management - you can learn how this happens and what steps you need to take to crush your financial goals.

 

10. THE 4-HOUR WORKWEEK: ESCAPE 9-5, LIVE ANYWHERE, AND JOIN THE NEW RICH FROM TIMOTHY FERRISS

Personal finances have something to do with money and a lot to do with organization. Time management references like this book help you learn how to earn more in less time, outsource when you can, and tailor the right shortcuts to success.

Timothy Ferriss says you don't have to be born wealthy to get there. You just have to use the right resources. Sometimes you need to spend money to make money.