Raising your Financial IQ is no easy task. What you can do is read as much as you can books, articles, blogs about personal finance.
Your journey begins with the first read book. Track your finances, track your net worth, track your spending.
Why Should You Read Books?
“Books are the plane, and the train, and the road. They are the destination and the journey. They are home.” – Anna Quindlen says.
They Reduce Stress
First of all, reading is essential because it develops your creativity and vocabulary and gives you the necessary knowledge to achieve the success you’ve always wanted. They can hold all kinds of lessons, information, thoughts, feelings, which, maybe, you didn’t even know about ’till you read about them.
For me, they are a way out of this world; they reduce the stress, anxiety because I’m always looking to learn new things, and when I’m reading or rereading something, I can get out. They don’t have to be about personal development, personal finance, spirituality…you can lose yourself in a beautiful novel too. Let your brain wander to new ideas in someone else’s life and learn from their mistakes.
They Improve Your Memory
According to one study, mental stimulation like reading can help protect memory and thinking skills, especially as you age.
The authors even suggest that reading daily can slow down late-life cognitive decline. In other research, reading has been shown to slow the rate of memory deterioration and the decline of other critical mental capacities. This translates indirectly as reading can help people live longer. 
The world is full of books to read, from A to Z. Everything you read can help you grow more as a person. Finding a book worth reading can be a pain in the ass! Excuse my french.
These five books I’m going to write about will be about personal development, changing your habits, changing your mindset, and making you more efficient.
They will make your life easier! Some of the books I specify might go in the ‘mainstream’ or follow the ‘bandwagon’ area, but, trust me, these books are viewed like this for a reason! It would be best if you gave them a try.
1. Rich Dad Poor Dad – Robert T. Kiyosaki
“The strength of your desire measures the size of your success, the size of your dream, and how you handle disappointment along the way.” – Robert T. Kiyosaki.
Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter. It advocates the importance of financial literacy (financial education), financial independence, and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one’s financial intelligence (financial IQ).
The 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 is one of the best books I’ve read about changing your mindset. He makes it pretty easy, and you’ll begin to realize new things and how to apply them just by going through the book. He’ll teach you what to do to get out of your 9-5 or why it’s good to add another income source in your life.
If you want to learn and find more ways to financial freedom, then this is the book for you. Learning through doing builds the necessary experience for success; this way, your emotional state will grow. A 9 to 5 is a short-term solution to a long-term problem.
How to raise your financial intelligence:
- The rich don’t work for money;
- Why teach financial literacy;
- Mind your own business;
- The history of taxes and the Power of Corporations;
- The rich invent money;
- Work to learn–don’t work for money.
2. The Richest Man in Babylon – George Samuel Clason
“Advice is one thing that is freely given away, but watches that you only take what is worth having.” – George Samuel Clason.
The Richest Man in Babylon, based on “Babylonian parables,” has been hailed as the greatest of all inspirational works on the subject of thrift, financial planning, and personal wealth. These fascinating and informative stories set you on a sure path to prosperity and its accompanying joys in simple language.
A celebrated bestseller, it offers an understanding and a solution to your personal financial problem. Revealed inside are the secrets to acquiring money, keeping money, and making money earn more money.
I love this book, read it many times since I’ve bought it. I gave it as a present to some of my friends too. The story, the teachings, and how it is all presented… I’d reread it anytime!
- Keep of what you earn;
- Get out of debt;
- Put your money to work for you;
- Attract your good luck;
- Choose wise investments;
- Safeguard a lasting fortune.
3. The 7 Habits of Highly Effective People – Stephen R. Covey
“The key is not to prioritize what’s on your schedule but to schedule your priorities.” – Stephen R. Covey.
One of the most inspiring and impactful books ever written, The 7 Habits of Highly Effective People, has captivated readers for nearly three decades. It has transformed the lives of presidents and CEOs, educators, and parents—millions of people of all ages and occupations.
This 30th-anniversary edition of the timeless classic commemorates the wisdom of the 7 Habits with modern additions from Sean Covey.
The 7 Habits have become famous and are integrated into everyday thinking by millions and millions of people. Why? Because they work!
Stephen R. Covey reveals a step-by-step pathway for living with fairness, integrity, honesty, and human dignity with penetrating insights and practical anecdotes.
Habit 1: Be Proactive
Habit 2: Begin with the End in Mind
Habit 3: Put First Things First
Habit 4: Think Win/Win
Habit 5: Seek First to Understand, Then to Be Understood
Habit 6: Synergize
Habit 7: Sharpen the Saw
4. How to Win Friends and Influence People – Dale Carnegie
“Success is getting what you want. Happiness is wanting what you get.” – Dale Carnegie.
How to Win Friends and Influence People is a self-help book written by Dale Carnegie, published in 1936. Over 30 million copies have been sold worldwide, making it one of the best-selling books of all time. In 2011, it was number 19 on Time Magazine’s list of the 100 most influential books.
This book will teach the following:
- Fundamental Techniques in Handling People
- Six Ways to Make People Like You
- Twelve Ways to Win People to Your Way of Thinking
- Seven Rules For Making Your Home Life Happier
5. Money Master the Game – Tony Robbins
“You’re already a financial trader. You might not think of it in just this way, but if you work for a living, you’re trading your time for money. Frankly, it’s just about the worst trade you can make. Why? You can always get more money, but you can’t get more time.” – Tony Robbins.
Tony Robbins turns to the topic that vexes us all: How to secure financial freedom for ourselves and our families. “If there were a Pulitzer Prize for investment books, this one would win, hands down.”
MONEY: Master the Game is the book millions of people have been waiting for. Thanks to the exhaustive research and unprecedented interviews with 50 of the world’s most brilliant financial minds, from self-made billionaires to Nobel Prize winners, Tony Robbins has uncovered 7 Simple Steps to put you in full control of your financial future.
This book delivers invaluable information and essential practices for getting your financial house in order. It’s the book millions of people have been waiting for. It will help you take advantage of opportunities you would have missed and prevent you from making the same costly mistakes that millions make every day.