When the world around us is changing at a very fast pace, the only solution is to be informed. Otherwise, you will be left behind wondering what is happening! Majorly for Indian investors, the diversified financial products can create a bit of a nuance. With so many tax regulations & market conditions in the country, anyone would require help. And for that there are plenty of personal finance books. But which one to read?
In order to help you navigate through this rough terrain, we have compiled a list of 10 Best Personal Finance Books catered specifically to the needs of every Indian investor. It doesn’t matter if you are a novice or a professional investor, these books will be helpful in providing insights on wealth management, finances & achieved financing freedom.
10 Best Personal Finance Books for Indian Investors
Here is a list of top 10 Personal Finance Books for Indian Investors:
1. “Rich Dad Poor Dad” by Robert T. Kiyosaki
It is a classic read wherein the author Robert Kiyosaki contrasted between two dads- rich and poor. For someone who is interested in personal finance, this book is inspiring. It showcases the fundamental principles of wealth building. It is said that these principles are universal, so the people can adapt all these concepts onto their local business environment.
2. “The Intelligent Investor” by Benjamin Graham
This book is one of the top recommendations by Warren Buffet. It teaches the values of investing and a disciplined way of investing. The strategies mentioned by Benjamin Graham are perfect for Indians to implement in the equity market. Though it is not an India specific book, the usage is the same in every market.
3. “Stocks to Riches: Insights on Investor Behavior” by Parag Parikh
Stock to Riches by Parag Parikh is one of the best personal finance books catering to the Indian investors needs. It will help you dive deep into the strategies of stock market investing and behavioral finances. His main focus was to get insights on market psychology, practical tips and investor behavior.
4. “The Little Book of Common Sense Investing” by John C. Bogle
The Little Book of Common Sense Investing written by John C. Bogle has a main focus on low cost index funding. Most of the Indian investors are into passive investing, and this book is indeed a treasure for them. As mutual funds, SIPs and other instruments are in trend, the principles laid down by Bogle are coming in handy.
5. “You Can Be Rich Too: With Goal-Based Investing” by Rakesh Jhunjhunwala and Shankar Sharma
Rakesh Jhunjhunwala is India’s most prominent investor. His book “You Can Be Rich Too” provides insights on goal-based investing. The book is co-authored by Shankar Sharma who has guided on practical aspects of investing in the Indian market that includes equity, mutual funds, etc.
6. “Let’s Talk Money: You’ve Worked Hard for It, Now Make It Work for You” by Monika Halan
This book by Monika Halan is an excellent resource to understand personal finance and planning w.r.t India. It includes a lot of topics ranging from savings, finance, retirement planning and even insurance. All of this keeping in mind the Indian readers.
7. “Retire Rich: Invest Smartly to Become Rich and Enjoy Your Retirement” by Ramesh Damani
Ramesh Damani in his book Retire Rich has documented the benefits of long-term investing. The author is a prominent investor and also a commentator. For those looking to retire early or plan for retirement age, this book is extremely useful. He lays emphasis on the fact that wealth builds over time. A must read for people seeking to retire rich.
8. “The Wealth Management Manual for Indian Investors” by Anand Shah
Managing Wealth in the Indian financial system can be a task. Many people aren’t aware of the importance of personal finance and how it can help in managing your wealth. Inside this book you will find a manual on how to do tax planning, make sound strategies & work on wealth preservation. It is a very important resource in today’s time.
9.“Financial Freedom: A Step-by-Step Guide to Creating a Life of Financial Independence” by M. S. Krishnan
The title says it all. M.S Krishnan’s book “Financial Freedom” is a one stop solution for those who want a structured step by step guide on achieving financial independence. It not only includes the practical tips but also the strategies that are meant for the Indian ecosystem. So, building your financial roadmap to success with this book is a possibility.
10. “How to Make Money in Stocks” by William J. O’Neil
The last but not the least in the list is William J.O’Neil’s “How to make money in stocks”. Though the book is not India specific. But it contains the rules, tips and strategies to operate and excel in the stock market. All the novice investors that wish to step up into technical analysis can refer to this book.
Personal Finance Books: Are They Really Helpful?
Whether you are on stage 1 of investing or a professional, reading is one habit that will help you hone your investing skills. The personal finance books listed above will give you ample knowledge to work through the complex world of personal finance.
Always remember that fundamental principles of investing stay the same whether it is NSE, BSE OR NYSE. You need to learn that application is important, thus use the insights when trading. Build a solid foundation and who knows your book on investments will touch the shelves in the near future!
Happy reading and happy investing!
Don’t forget to ask questions because we are there to answer!