Four Personal Finance Books That Are Favourite Of Experts – Outlook India

If you want to read up on personal finance or money, there are hundreds of material available online that speak elaborately on those topics. And each one claims to be better than the other. A lot of such content espouses the virtue of personal money management, and how wise and smart people swear by it. Then there are also free courses offered on educational platform and on social media platforms, such as TikTok, YouTube, and Instagram. But then you would probably prefer to read authentic nuggets of wisdom from experts on books rather than from amateur social media influencers with maybe questionable knowledge of personal finance.

So, here are four recommendations and the favourite books of some leading personal finance experts 

Yogic Wealth: Yogic Wealth by Gaurav Mashruwala is a personal favourite book of Hemant Beniwal, certified financial planner and director at Ark Primary Advisors, a financial planning firm. “I personally enjoyed reading this book and I would recommend this to anybody looking to get smarter about money. This book begins with a discussion on some emotions that the mind experiences in the context of situations concerning money. Unfortunately, these emotions do not allow us to enjoy our wealth. The concluding section of the book contains advice from our scriptures, which guides us on how to enjoy our wealth and make sure it stays with us for generations,” says Mashruwala. The book also explains various facets of wealth – physical, emotional, social and financial – and the crucial need for a balance between them. Always maintaining the implicit distinction between Laxmi and money, it brings out the relevance of enjoying wealth in absolute terms, i.e., not relative to others. The author also concludes that our scriptures are not against wealth; they advocate the enjoyment of wealth in an absolute, calm, serene and respectful way – the Yogic Way.

Rich Dad Poor Dad: Rich Dad Poor Dad by Robert Kiyosaki is a personal favourite book of Anant Ladha, founder, Invest Aaj For Kal, a financial planning firm. “This book teaches basic stuff, which is not being taught in school. It explains in simple language about assets, liabilities, income, and expenses. This is a must-read book for all,” says Ladha. This book tells the story of the author growing up with two dads – his real father and the father of his best friend – and the ways in which both men shaped his thoughts about money and investing. This book explodes the myth that you need to earn a high income to be rich, and explains the difference between working for money and having your money work for you. This book also challenges the belief that your house is an asset. It shows parents why they …….


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