Investing in yourself through reading personal finance books
How does one learn about personal finance?
How many of you have ever attended a formal financial literacy or personal finance class in your primary, secondary, pre-university/junior college, polytechnnic or university days?
How many investment clubs are there where students can learn about investments and shares?
I read in the newspapers that the Singapore Management University has something like that but during my days in Nanyang Technological University there was nothing of the sort going on when I was studying.
So how do we go about acquiring the book knowledge about personal finance?
We read.
The good thing is that our excellent public libraries are stocked with many of the world class titles when it comes to personal finance and investments. Any first time investor should talk to experienced investors but also take some time and put in some effort to read, read and read about personal finance and investments.
Some of the books that I have personally read and benefitted from include the following:
Napolean Hill is not so much an investment guide per se but more a book that is more motivational in nature. The examples used by Napolean Hill are big businessman in the US that made millions and billions but Hill does qualify to say that "rich" does not always have to be framed in monetary terms. It can be in terms of great deeds or great relationships that you can develop if you apply his approach.
The one thing I learned from Napolean Hill is to be specific in goal setting. And that is very important in personal finance and investing because you have to understand why do you want to "make money" and clarify how much exactly do you want in terms of returns on your assets which translates into the opportunities that you would look for when you are scouting around for where you can invest your money to work hard for you.
I myself have read and continue to read books on personal finance and investment as you can never learn enough. But the important thing is to execute and take action on your investment objective and put money into those assets that will yield the returns through dividends, interest and capital appreciation and also to know how to save a portion of our income towards investments and to defer current wants for future needs.
Remember, read, read and read so that you can be well and prosper!
How many of you have ever attended a formal financial literacy or personal finance class in your primary, secondary, pre-university/junior college, polytechnnic or university days?
How many investment clubs are there where students can learn about investments and shares?
I read in the newspapers that the Singapore Management University has something like that but during my days in Nanyang Technological University there was nothing of the sort going on when I was studying.
So how do we go about acquiring the book knowledge about personal finance?
We read.
The good thing is that our excellent public libraries are stocked with many of the world class titles when it comes to personal finance and investments. Any first time investor should talk to experienced investors but also take some time and put in some effort to read, read and read about personal finance and investments.
Some of the books that I have personally read and benefitted from include the following:
- THE RICHEST MAN IN BABYLON - George S. Clason
- HOW TO THINK AND GROW RICH - Napolean Hill
- ONE UP ON WALL STREET - Peter Lynch
- RICH DAD POOR DAD - Robert Kiyosaki
Napolean Hill is not so much an investment guide per se but more a book that is more motivational in nature. The examples used by Napolean Hill are big businessman in the US that made millions and billions but Hill does qualify to say that "rich" does not always have to be framed in monetary terms. It can be in terms of great deeds or great relationships that you can develop if you apply his approach.
The one thing I learned from Napolean Hill is to be specific in goal setting. And that is very important in personal finance and investing because you have to understand why do you want to "make money" and clarify how much exactly do you want in terms of returns on your assets which translates into the opportunities that you would look for when you are scouting around for where you can invest your money to work hard for you.
I myself have read and continue to read books on personal finance and investment as you can never learn enough. But the important thing is to execute and take action on your investment objective and put money into those assets that will yield the returns through dividends, interest and capital appreciation and also to know how to save a portion of our income towards investments and to defer current wants for future needs.
Remember, read, read and read so that you can be well and prosper!
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