My Summer Reads

The current economic turmoil, political instability, judicial uncertainty, and military repositioning has influenced my bookshelf of the summer too much. My summer reading list compromises money management books.

 

1. The Psychology of Money: The Psychology of Money by Morgan Housel. It is one of the finest books on understanding money and its management or we can say the relationship between Money and Human Behavior.

The premise of the book is that we think of earning money as rational and logical but we spend money based on emotions and psychology. It consists of independent chapters on money, saving, investment, and spending. It can be read interdependently if you need recommendations on some specific targets.

 

2. Intelligent Investor: Intelligent Investor is written by Benjamin Graham. First published in 1949 and revised in 1972. It is a comprehensive and classic guide to investing but if you are interested in understanding classic strategies on the share market or money market.

However, the downside of this is that all the examples of US stock and money market. So, relating it to Pakistani current. My one key away from this is to have a paycheck-to-paycheck investment. And I have used this strategy for long-term horizons i.e., my retirement.

 

3. Rich Dad Poor Dad: Rich Dad and Poor Dad is Robert’s Kiyosaki story of growing up with two dads. These dads shaped his thoughts about money and investing. 

It’s one of the most fundamental books to understand investment.  With its captivating and relatable storytelling author has bifurcated the investment, saving, and diversification of investment. It motivates you to start getting into that rich mode. It can be followed by some of us other books of the Rich Dad Poor Dad series but this is an all-time classic for personal financial management.

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