Unlock Financial Freedom with 12 Powerful Books

Just one book, one good financial book a year that could be a game changer for you. That's all you need as a doctor or healthcare professional to improve your financial iq, to help you make better financial decisions, and to help you stop feeling more very anxious about money and making money decisions. Just one book sounds simple, right? You've read many books in your career. You've been a doctor, nurse, healthcare professional. So you read quite a few books. But if you add one more that can help you to improve your financial iq, one a year sounds really simple. So why not let's go for it and don't worry about trying to remember all these books. You know what? If you look in the show notes, we're going to put the link to all the books in the show notes. You can go there and order them. Whether you want it in physical form or in audible. Go get it and start as soon as possible. You can easily order them from there. Excellent. So if you're ready, let's jump right into number one.

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Thank you now for my top 12 financial books. After reading 250 financial books, I think even more. But I can tell you for free that lots of the books out there, not all of them are really worth the paper they were printed on. But I'll tell you, there are 12 really top good books. I think if you start them straight away, start one at least and start reading them, they can help you to improve your financial iq. Now, over the past few years I've read several books. Some of them I've got, some of them I haven't got anymore. Some of them I've got in audible and audio form. And I've distilled this list down to just 12 because I know that it's busy. Medical professional may not have the time to be reading as many books. Now these are not just regular books. I think they are your stepping stones to financial mastery. People ask me, how do you find out this thing? How do you learn how to invest in the stock market? How come you made 75% returns on your investment last year? How come you're able to do this? Read the article, said a lot of it I got from practicing and from studying. So now is your turn to get on that investing journey. To get on that journey for taking charge of your finances.

Ready?

Number one, the Psychology of Money. Now this Psychology of money was written by Morgan household and the key lesson in this book is to understand how your behavior and mindset can affect your financial decisions. A lot of times people are not making financial decisions based on numbers and based on reasons. No, it goes beyond that. Your financial decision is affected by psychology. So as humans, we don't make our decision around money based on only numbers as psychology plays a role. So I think this is a particularly important book for you to read if you're looking to start taking charge of your finances. Right? Number two, the popular Rich Dad, Poor dad by Robert Kiyosaki. And so I read this as a teenager. It was a fantastic book. It helped open my eyes to the difference between assets and liabilities, good debt, bad debts, and differentiate between earning money, which is high income, and building wealth. So as doctors and healthcare professionals or even if you're a lawyer most of the time might end up with a high income. But that doesn't really mean that you're doing any wealth. If you go away, you lost your license, you lose all of that. If you're buying an expensive car, you bought an expensive house. That doesn't make you wealthy. So this book actually taught me how to understand the difference between passive income, active income and wealth and high income and what is a liability and ones of that. So fantastic book. And the author has several other books as well. Number three, it's a very popular book. It's called the millennia next Door by Thomas J. Stanley. So this book looks at the key lesson that wealth is often the result of a lifestyle of hard work, perseverance and planning. And lots of people who are actually real millionaires don't look like millionaires. Is a fantastic one. I think you should check it out. Now if you're keeping count with me, you know that we're at number four. Number four is one of my favorite books. I've got it in different copies. I've got the digital copy, I've got the audio copy, I've got the physical copy. Benjamin Graham, he wrote the Intelligent Investor. I consider this as the bible of investing, especially if you're doing fundamental value investing. And the book teaches us the value of understanding what you're investing in and being patient in the market. Now, in case you don't know, the author of this book with now late is the mentor of the popular Warren Buffett, Benjamin Graham. Excellent. Now we're heading to number five and things start getting interesting. The title is I will teach you to be rich and this was by Ramit Sethi. And Ramit teaches us about the practical tips on managing money based on your values and automating finances for wealth. One of the key lessons I learned from this book is how to turn on my money dial. So if I find something I really enjoy, it might not even be something very expensive. Might be something like a cup of coffee, maybe cardigan or maybe a T shirt. I'm happy to spend as much as possible on it, but other things I don't care about, I can turn it down. I don't, I don't care about driving a car that is not that flashy, but you want to get like the best sweaters in the world. Now number six, the richest man in Babylon by Judge S. Classen. And the key lesson here is understanding the basic principles of saving, investing and financial wisdom. This timeless wisdom, it was written about 100 years ago, 1925. I think it's presented in form of a story set in ancient Babylon. I think it's a really, really simple book. And if you aren't sure we are to start, start with the richest one in Babylon. All right, so I think number seven now if you're still counting, it's titled Money Master the Game by Tony Robbins who is very popular motivational speaker. But this book was born out of research and teaches strategies for achieving financial freedom through investing. Now if you love investing, especially if you love broad based, diversified, low cost index fund investing, the next one is for you. The next one, drum roll is titled the Simple Path to Wealth. So the Simple Part to Wealth is written by J.L. collins. Very simple book and it teaches simplicity in investing, the importance of keeping your wealth building and investing very simple. He's a big fan of index fund investing rather than trying to pick stocks. If you know my investing history, I started with picking stocks. I'm moving forward towards now ending into Index one investing for the feature. But I've been very fortunate in picking stuff for almost 20 years now. The next book is the Little Book of Common Sense Investing. And John C. Bogo is like the father, he's the grandfather of index fund investing. I started in the 70s, started the first index fund and of course the book is all about investing with index fund. Diversifying your income, diversifying your investment and reducing your risk. Now the next book is a little bit different. Not about making money, it's about not losing money. And it's Don't Fall for It written by Carlson. So Carlson has written books about financial scams and pitfall scams. Like you know, as an investor, scams can have a drastic impact on your returns on investment. If you do fall into a financial scam, it can take you back many years. So you ought to be cautious. You have to be careful. Always do your own research. Now I love this next book because it's really funny. The title is Where Are the Customers Yachts by Fred Schwed. So Fred Schwed, this book is a very humorous. It takes a humorous and skeptical view of professional financial and advices. It does suggest that a lot of times people who claim they can get better results, they don't really know what they are doing. They are not getting any better return than the rest of the market. So do check it out. It's a funny book. It will make you Laugh. Now this next book I've written all the books written by this author I know about. It's called Food by Randomness by Nicholas the rule of chance in life, particularly in financial market, to help you to understand that even when you've done all your calculation, it's important to do your risk allocation carefully. Understand that there's an element of chance until it may not always go the way that you really, really planned, even if you can't see everything clearly. Now, if you've got into this bonus side, if you got into the 13th book, now I've got a bonus for you. There's a little book that still beats the market by Joel Greenblatt. Joe Greenblatt is a legend in investing. He wrote this book and the key lesson here is a simple strategy of successful investing by focusing on company earnings and returns on capitals. So he has something called the magic number. Check out your Green Blacks book. You see the links in the show notes below. It talks about how you can actually create a type of index fund based on value. And it really makes sense. When I read the book I tried, I considered about already used to my own style of life investment, which I should talk to now. Each of these books does offer unique insights as you understand. They all teach different things, but they approach it. They teach investing, financial management, but they approach it in different ways. I'm talking about debunking mates. Some are talking about investing by in a way that reduces your risk. Yeah, but they're all curated to guide you through the complex world of finance with ease and clarity. So now I've given you these 12 books out of the several hundreds of books I've read. It's now your turn to tell me, have you read any of these books? How have they impacted you? Are there any books you suggest? Go to the comments below on the YouTube. If you are watching on YouTube, go to the comments below. Put in your comments there. Tell me, which of these books have you read? Which of these books are you planning to read? Which of them have impacted you? And again, if you think any of them is garbage, I'm quite happy for you to write that in the YouTube comments and we can have a chat about it. So feel free to share your experiences and let's grow together in financial literacy now. Thank you for joining us on this journey on financial knowledge. Remember, one good book a year. Just one. One group book a year. That's all you need to do to improve your financial IQ and boost your chances of securing your financial future. Happy reading and happy investment. And thank you again for visiting Moneywise. Dr. And till the next video.

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