Best Books on Financial Literacy ever written

The world is designed in such a way that it always favors the ‘knowledgeable’. If you understand how the financial system works, building wealth becomes much easier.

Being knowledgeable about the subject of money can help you transform your life drastically. It is a skill that you don’t learn in schools and colleges. Why? Because, those establishments exist to turn you into a professional worker, not an entrepreneur

And don’t get me wrong here. Schools and Colleges do a valuable service to society by creating the workforce of the future. They are essential infrastructure that shapes society. But to some people, working for large corporations does not seem fulfilling enough. 

For many of us, a regular 9 to 5 job can be quite alienating, especially if the job involves a very specialized role. We may not feel connected to what we are doing, and our contribution can feel insignificant. All of these can have mental implications. The alienation of workers, and the resulting dissatisfaction in life, is something that Karl Marx has elaborately written about in his books.

Also check out: Three Best Books ever written by Nassim Taleb

A gripping sense of fear

Another problem that today’s generation faces is a gripping sense of fear. What’s the future gonna be like ? Can I rely on my job to support me for a lifetime? Can I rely on the government to provide me a secure life after retirement? Can I sustain a family given the fickle nature of the modern-day economy? Will I lose my job to the robots? These are some shared fears, and it binds us all in a chain of solidarity. In other words, we are all in this mess together. What do we do ?

Accepting the reality

One of the best things we can do is to accept the reality of modern-day living. The socialist dream is a forgotten tale. Collectivism is replaced by individualism. The dog must eat the dog to survive in a world that is driven by unrestrained capitalistic ambitions. And if you ask the ghost of Adam Smith, the father of modern economy, he will smile and tell you that it’s for the greater good. When everyone acts selfishly, society benefits. In a society where everyone is expected to be the best, the society becomes a bunch of ‘best performing people’. Who wouldn’t want to be a part of such a society?

Also check out: Eye opening Books by Robert Kiyosaki

Governments and capitalism

Governments around the world are inspired by the philosophy of Adam Smith, and that’s why we have things like privatization, free trade agreements, and self-reliance at the heart of modern-day policy making. At the core, they all embrace Adam Smith’s idea of capitalism, and the fact that the invisible hand of free market makes the world a better place. 

What does this mean for us ?

 Well, it means that we need to be more self-reliant than ever before. Because in the end, our failure will entirely be our own responsibility. We have to take responsibility for our success, because that’s what modern society idolizes. One way we can own our success is by making ourselves financially literate. Without knowing how ‘capitalist money’ works, we won’t be able to make the most out of our life in this ‘capitalistic world’.

The importance of Financial Literacy

If you know how money works, you will be better equipped to deal with the challenges of today, whether it is financial, social or personal. 

The money we spend, save, and invest is the backbone of how well-off our lives are. Financial education can help us make more informed decisions about what to do with that wealth in order to find success for ourselves!

Paisa and the Passive: Financial Literacy in Plain English

It took me years to understand the basics of the financial world, and writing about it was an excellent way to consolidate all the wisdom that I gathered. The wisdom contained in Paisa and the Passive helped me unleash the true potential of my mind. 

Today I have a diverse source of income and a sense of confidence about my financial future. None of this would have been possible if I did not take up the hard work of understanding how money works. It takes patience, and good mentorship.

I wrote Paisa and the Passive with the sole purpose of making financial literacy easy to understand. I believe that in a world where everyone is financially educated, the economy is much more sustainable. Not only does it equip us with an entrepreneurial mindset to generate diversified passive income, but also gives us the satisfaction of bringing about a social change by solving the problems of the world through entrepreneurship. We feel less alienated and more fulfilled.

I hope you will enjoy reading this book , and use the timeless wisdom entailed within its page to make your life financially secure.

A collection of my all time favorite books

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