Financial literacy is a sore subject for many people. Money runs out like water, no matter how high your salary is, and creating a financial cushion seems like an unrealistic feat.
We’ve made a selection of books, apps, articles, and videos to help you learn financial literacy and finally start saving.
“The Intelligent Investor. The Complete Guide to Value Investing” by Benjamin Graham
The author of the book is an economist, entrepreneur and philosopher. He tells how to invest so as not to “go broke” and lose all capital in the stock markets. He also shares his approaches to investing and his experience.
You will learn who an investor is, how to manage securities and stocks, and why investing is the key to passive income. And remember: a smart investor is primarily about patience, discipline, and a willingness to learn, not IQ. This book will raise financial literacy on several levels.
“The Richest Man in Babylon,” George Clayson
George Clayson’s work is the cure for skinny wallets. The book will pump up financial literacy and show you how not to become a hostage to poverty. “Money never transfers to those who understand the simple laws of how to get it,” writes Clayson. And he immediately explains that money is still the same now as it was 6,000 years ago.
Here are seven basic rules from the book:
#1. Start filling your wallet.
#2. Watch your spending.
#3. Make your gold multiply.
#4. Safeguard your savings from loss.
#5. Invest your savings in a home.
#6. Secure your income for the future.
#7. Expand your earning power.
“The Road to Financial Freedom. The First Million in Seven Years.”
This financial literacy book makes it clear how to make money not only in good times, but also in times of crisis. It describes four strategies for increasing your capital:
#1. Save a percentage of your earnings.
#2. Invest the money you save.
#3. Increase income.
#4. Save a percentage of the increased income.
Schaefer doesn’t build sandcastles or give you hope for easy and quick earnings. The book is not about the specific amount of money you want to earn, but about the person you want to become.