This post is not sponsored, they are the five books that have helped me a lot to manage my personal finances. I consider it important to read them in that order because they go from basic to more advanced.
1. Rich Dad Poor Dad, by Robert Kiyosaki.
This book (like all of Kiyosaki’s) won’t teach you anything 😂, only that investing is better than saving and saving is better than nothing, but it will fill you with enthusiasm for having good personal finances, excellent to start in this world.
2. The Psychology of Money, by Morgan Housel.
Another book that doesn’t get into technicalities, I think its name is bad, but its content is a 10 👌. In this book, you will learn how you should handle money and the psychology you should have to maintain good personal finances, but I’m not referring to nonsense like “Shark Mentality” but well-grounded things, like if you want to retire with good income you have to think long term. This book will prepare you for the following ones.
3. Pequeño cerdo capitalista, by Sofía Macías.
We start with the technical books, this one is quite technical but in a good way. In this book, you will learn financial concepts that I think should be taught in schools, such as what Afores, insurance, pensions, loans are, what compound interest is and how it works, interest rates, etc. In addition to things more oriented to investing, like making a budget and setting goals. It is important that you understand this to manage good finances. Sofía is great at explaining all this in colloquial language for simple mortals like us. Note: This book is focused on the Mexican context.
4. MONEY Master the Game, by Tony Robbins.
Another good book with a bad name. In this book, some things are grounded directly aimed at investments, topics like what an investment portfolio is and some examples of portfolios like David Swensen’s, which is a very used one. It is a slightly heavy book but worth it. By the way, an investment portfolio is basically how you distribute and organize your investments. This book is the “heaviest” of the five, so be patient with it.
5. I Will Teach You to Be Rich, by Ramit Sethi.
Seriously, what is it with these authors that their titles seem taken from the mind of Carlos Muñoz? Outside the title, this book is very good because it is 100% practical. It takes everything seen in previous books and grounds it, helping you in six steps to go from defining your financial goals, through starting to save and then invest, to ending up with everything automated so that you don’t have to be checking your finances all the time. The only drawback of this book is that it is only in English, but I take this opportunity to tell you DO YOURSELF A FAVOR AND LEARN ENGLISH.
Final note: Learning personal finances is not easy, and whoever says yes lies, but it is one of those skills that will increase your quality of life from here until you die. It may be heavy to buy the books but believe me, it is worth it.