7 Summer Reads for Managing Your Personal Finance

Summer is reaching the bay, and it's time you must plan in advance about how you are going to spend your resting days. Some of you must have already planned to go for an outing with your friends, and some of you to visit your granny's place or go on a vacation. How about making this holiday a little more knowledgeable and fruitful for you! Spend your summer reading some great books that can guide you in getting an insight into managing your wealth.

Here is a list of seven books that will guide you on wealth management helping you secure your financial future:

The Millionaire Next Door: The Surprising Secret of America's Wealth

It is nothing like a 'how-to become a millionaire' book. Authored by Thomas J. Stanley and William D Danko, this book will take you on a journey into the brains of the successful wealth-builders of America, and will let you interact with the thoughts and actions of those self-made millionaires guiding you in analyzing where your thoughts and actions differ. It intends to develop a smart culture of investment that can ensure you a better future.

The Intelligent Investor: The Classic Text on Value Investing

Over a million hard copy of this book has been sold since its first publishing in 1949. This classic by one of the founding figures of modern investing, Benjamin Graham, still has valuable lessons for today's investors. Graham tells in his trademark common-sense way: "To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks."

The Total Money Makeover: A Proven Plan for Financial Fitness

This one is a bold, no-nonsense, and very practical approach to your money matters. Authored by Dave Ramsey, it rejects the idea of development that encourages overspending and a massive amount of debt. It offers a transparent plan for getting out of debt and lays out exactly how to revolutionize your finances to achieve financial well-being.

Women & Money: Owning the Power to Control Your Destiny

Penned by Suze Orman, this book is a beginner's guide for women who are wrongly considered to be the most financially unsavvy person. At the heart of this book is The Save Yourself Plan: it streamlines a five-month program that delivers genuine long-term financial security. This is a must-read for every woman who knows who she is and what she wants.

The Snowball: Warren Buffett and the Business of Life

You talk about investing and forget to note about Warren Buffett, that's impossible! The legendary Omaha investor authorized Alice Schroeder, a former insurance analyst, to pen down his life and his achievement with the closest insight. Though the book is enormously long, yet it is an absorbing read that talks about the basic principle of Buffett's life - to behave according to what he feels to be correct, rather than measuring himself by the opinion of others.

Beating the Street

Legendary money manager Peter Lynch wrote this book to explain his own strategies for investing and offers advice on how to pick stocks and mutual funds to assemble a successful investment portfolio. He puts forth simple advice: "invest in what you know." He forbids going reckless and encourages research. That makes it one of the most practical and sensible books on stock investment.

Saving for Retirement without Living Like a Pauper or Winning the Lottery

This is a simple step-by-step guide on wealth management by the Chicago Tribune writer, Gail Marks Jarvis. Drawn from the responses to questions from over 20,000 readers of the author's personal finance columns, this book tells almost everything about the importance of saving from an early age. What you need to know; where you can find the answers; how you can take action. It's all here in this book.