5 Famous Finance Books to Help You Improve Your Finances

Financial books are the self-help literature to your bank account. Giving you a strong understanding of various financial concepts to help you manage and grow your finances all while maintaining a healthy bank account.

To assist in improving financial literacy, we read 5 famous finance books and identified some of the key points each offers to help you become more financially savvy*.

The amount of money you'll need to cover a large expense, such as paying for a wedding, a down payment on your first home, or a car loan, might be overwhelming. Calculating how much you will need to save each month to reach your goal is an excellent place to start.

Say, for instance, that you want to have RM10,000 saved up to cover some of the wedding costs and that you want to get married in 18 months. RM556 per month results from dividing RM10,000 by 18 months. That surely sounds like a substantial sum of money, and in a sense, it is.

Regardless of the product, setting aside a bit of money for it every month will ensure that your cash flow is not disrupted when you make the purchase. 

Working long hours with little savings at the end of the month is a situation many Malaysians find themselves in, but what if there was another way? This is where the duo who wrote Your Money or Your Life comes in. 

The authors speak of 3 key concepts: 

• Financial Intelligence - knowing what money is, how it functions in your life, and how much you bring in and spend. 

• Financial Integrity - learning the impact of your earning and spending habits to help you identify what is your peak fulfilment and what is simply excess.

• Financial Independence - gaining sufficient cash flow for your wants and needs, helping you get to the point where you no longer feel guilt or regret about your financial decisions. 

The book aims to help you create a new financial road map. 

Your Money or Your Life will improve your financial literacy and give you a new perspective on money to help you live your best life!  

Want to learn more about managing your finances? Visit one of CIMB's branches today to speak with one of our experts and put yourself on the road to financial independence or click here for more related articles!

*The tips offered in this article are shared in goodwill, we neither endorse nor are associated with the writers

This article is for informational purposes only and CIMB does not make any representation and warranty as to the accuracy, completeness and fairness of any information contained in this article. As this article is general in nature, it is not intended to address the circumstances of any particular individual or entity. You are advised to consult a financial advisor or investment professional before making any decisions based on the information contained in this article. CIMB assumes no liability for any consequences arising from your reliance on the information presented here.