Top Books to read absolutely on Wealth, Success and Personal Finance

Personal Finance Books

Economics and finance influence politics but above all naturally the daily life of each of us. This is why it is important to know the basics of the economy. Often, however, this subject is neglected in the school programs: therefore it is necessary to gear up as self-taught.

The titles dedicated to the world of economics and finance are really endless and sometimes you do not know where to start. But here you find a selection of books for non-professionals. They are essays dedicated to the economy, its history, and finance. In short, if you are looking for texts that explain economics and finance in a simple way, here are a few economics books for beginners and enthusiasts, in order to start off on the right foot. The personal finance books are there with all the supports.

Rich father, poor father – Robert Kiyosaki

Start with a classic, almost a novel. This book starts with financial literacy that is unfortunately not available in schools. The councils are therefore dispensed in an anecdotal manner, always underlining the importance of achieving financial independence and illustrating some principles on how to obtain it.

The richest man in Babylon – George S. Clason

This book aims to solve personal problems related to money through the eleven ancient Babylonian parables. Clason returns to Babylon, where he supports the roots of our systems and our monetary beliefs and, studying with him their ancient anecdotes we can, as we were citizens of that great civilization, appreciate the value of money, acquire sound procedures of financial management and earning more.

The Millionaire of the Accanto Door – Thomas J. Stanley

The book traces seven simple rules to follow in order to become wealthy people with a net worth of over one million dollars. The book is, in fact, a research done by the two authors on the profiles of some millionaires.

The automatic millionaire. A one-step plan to get rich – David Bach

As the title clearly summarizes, the author is a great proponent of the need to automate his financial life between savings, common sense, the ability to live within their means and the understanding of the concept of “always paying oneself first “.

How to treat others and make friends – Dale Carnegie

The book was first published during the Second World War but is still a best seller to date. What does this book focus on in a list of texts on personal wealth and finance? In fact, it is not strictly related to the management of money or investment the pursuit of financial freedom goes beyond what is money and financial techniques. It also includes psychology, the motivation of life and the stimulus towards the pursuit of a happiness that seems increasingly elusive.

A stroll through Wall Street. A random walk down Wall Street – Burton G. Malkiel

This book is an interesting read for all those who want to understand more about why it is almost impossible to beat the market and why to follow the advice of some gurus, can be detrimental to their financial health. The author dives into the maze of behavioral finance, which studies the social psychology of investment decisions.

Rise and decline of money. A financial history of the world – Niall Ferguson

Knowing history, believe it or not, is now more important than ever and Ferguson illustrates here his studies of courses and appeals of the financial history of our world. It also goes from the dynasty of bankers who financed the Italian Renaissance to the economic bubble that caused the French revolution. Here you find things about our expansion that few have written before and as mentioned, there has never been a better time to understand something about the rise and decline of money.

Think and enrich yourself – Napoleon Hill

A motivational best-seller on personal development with over 50 years of life inspired by a suggestion from billionaire Andrew Carnegie, owner of the world’s first billion dollar company. Hill has studied the characteristics of those who have achieved great wealth and developed thirteen principles to allow anyone to achieve success.

Do you have a parachute? The art of finding your work – Richard N. Bolles

Since many cannot or simply do not want to become entrepreneurs, this is the bible for job hunters or people looking for changes in their careers. The latest published edition was clearly written taking into account the many people who have lost or are at risk of losing their jobs due to the economic downturn since there are also tips on how to tackle difficult times and save money.

The seven rules to succeed – Stephen R. Covey

Covey tackles the topic of success with an almost holistic approach, focused on solving personal and professional problems. With insights and anecdotes, he reveals, step by step, how to live with fairness, integrity and other principles to achieve the security necessary to adapt to change, gaining wisdom and ability to exploit the opportunity that change itself creates.

Conclusion

If you do not have a plan for the future, someone else will have it for you. The first step to changing your financial situation is to take responsibility for your life, design your future and act in a structured way. Have you ever thought about what would happen if you stopped earning suddenly? How many months, how many years could you survive, keeping your lifestyle unchanged? There is a formula that allows you to know it.

Money is just an amp of what you are. It is the mind that makes you poor or rich, happy or unhappy. Money is a result that depends on your actions. And your actions depend on your psychology. These things also for play, influence your relationship with money. And they have an impact on your results. To earn figures you never earned, you must become a person you’ve never been before.

Is Getting A Wedding Loan Saves Your Costs?

Wedding Loan Saves Your Costs

Spring, the time of ceremonies. According to the data, in fact, the first part of the year is the one that records a greater concession of personal loans intended for the celebration of the most important events in a person’s life, among which marriages stand out.

Organizing a wedding requires, in fact, a good deal of patience, planning and above all a budget appropriate to their aspirations.

Calculating the total cost of a marriage is not easy, also because there are so many items to be considered ‘ dress for the bride, which for her remains one of the expenses on which to place the greatest attention to the ceremony.

The age range between 26 and 35 is the most used for a loan, in the first three months of 2012, 33.3% of the total disbursements for this purpose went to 26 -35 years, while in the same period of 2011 the share was 27.8%. Again with regard to age groups, a good level of loan disbursement is also maintained for those over 55, with a 19.6% share of the total (in the first quarter of 2010 the share was 19, 3%), in most cases they are loans granted to parents or relatives of the spouses who take on the expenses of the ceremony.

When applying for a loan?

When dealing with a personal loan application (wedding loan), it is good to take several factors into consideration. You must carefully evaluate all available offers, without stopping at the first one we meet, and the contractual conditions. Both the interest rates and the extra costs can, in fact, vary a lot from one institution to another, and if you do not want to have bad surprises it is better to take a little more time to sift through all the options.

Because the purpose is generic and according to the donor institution it could go to pay debts related to other credit positions open to other financial institutions. For this reason, banks, feeling exposed to a higher risk, tend to apply much higher interest. Once the applicant’s credentials have been verified, a loan is also granted for 48 hours.

The Wedding Loan

The loan for the wedding allows you to serenely organize an important moment, perhaps the most remembered, in the life of a couple. The expenses to be incurred for the organization of a wedding (the purchase of clothes, of the wedding rings, of the lunch offered to the guests, of the photo album, of the honeymoon, etc.) can greatly increase the necessary budget. The couple that has to face this expense can be supported by two forms of financing: the finalized loan and the personal loan.

The personal loan for the wedding can be a valid opportunity, as it allows combining different expenses into a single debt, minimizing the costs of the preliminary investigation. On the other hand, it offers a rate that is usually higher than the finalized loan. Getting a wedding loan can be an opportunity to make an unforgettable day.

In general, the granting of a wedding loan is not subject to the presence of collateral. In order to limit the risk of insolvency, the lending institutions submit to the applicant a contract that provides for the payment of installments, or a single bill, able to guarantee a part or the entire amount paid. The most widespread form of guarantee is the signature of a co-obligor or of a third guarantor, who guarantees the successful completion of the operation. This is a rather common request, in the presence of particular conditions.

The law establishes that a wedding loan contract must contain the following elements

• The interest rate charged.

• Any other price and condition charged, including higher charges in case of default.

• The amount and terms of the loan.

• The number, amounts, and maturity of the individual installments.

• The annual percentage rate (APR).

• The details of the analytical conditions according to which the APR may be modified, if necessary.

• The amount and the reason for the charges that are excluded from the calculation of the APR.

• Any guarantees are required.

• Any insurance coverage requested and not included in the calculation of the APR.

The finalized loan is offered directly by the retailer who has entered into a collaboration agreement with a bank or a credit institution and is exclusively linked to a specific product sold (e.g. honeymoon, or wedding favors). The amount of the finalized loan is paid directly to the seller, while the user must pay the loan installments according to the amortization plan. In fact, a personal loan specifically for marriage or a salary-backed transfer can be coupled to the finalized loan. The finalized loan can also be replaced entirely by a single personal loan by marriage, or by a single transfer of the fifth.

Conclusion

Each Institute applies its own risk policy in assessing requests; based on the statistical data it has (credit-scoring). These data constitute the instrument that allows the Institute to keep insolvencies below a certain level. The acceptance of requests is normally also subject to the assessment of the income level of the applicant and to the relationship between the latter and any repayment installments. The creditworthiness of the applicant is of great importance.

It is important to underline that this evaluation has no “moral” meaning. The Institutes limit themselves to estimating the level of risk associated with each request, also on the basis of the credit reports provided by the Central Risks. If the credit history of the applicant has some “flaws” (delays in repayments of previous loans, unpaid, etc.) the probability that the request will be accepted is obviously lower.