Read also the following articles by Kabous le Roux:
Hundreds of personal finance books are published every year. Some are good, some are great while others are just plain shite; how can you distinguish?
Since I became iafrica.com's Personal Finance Editor I've read a lot of books on personal finance, but there are four books I recommend if you're in the market for a resource to help you on your journey towards financial freedom.
These four books will make you think while you're reading them, but will stay on your mind long after. You can read them again and again (especially my favourite, the last book on this list), and because they make so much sense they will change your behaviour.
These books are all interesting, even if you're not a finance buff and usually don't read stuff like this. They're all well written and offer great advice that, if heeded, will make you a richer and, more importantly, happier human being.
The last book on the list might surprise you, but it's my all-time favourite and by far the most powerful book I've ever read.
Without further adieu, here are four books about money that I recommend without any reservations…
Your Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich (Jason Zweig)
(This is what I consider to be the fourth most important book I have read with regards to finance, investment and being financially free.)
Every now and then a personal finance book comes along and says something completely new. Your Money and Your Brain is such a book.
Why are seasoned, intelligent investors often so dumb about money and how can they do better? What makes investors tick?
Your Money and Your Brain deals with these common questions by delving into the latest scientific research on what actually goes on inside our brains when we make decisions about money. More importantly, it offers practical advice that novice and sophisticated investors will find equally easy to follow and apply in order to get gloriously rich.
Your Money and Your Brain is the best in a growing list of books dealing with the topic of neuroecomics -- a field of study which combines psychology, economics and neuroscience to study how people make decisions and categorise risks and rewards.
Zweig explains how and why we're hardwired to make bad financial decisions and offers advice on duping your most formidable financial foe -- yourself -- by increasing awareness of how your brain works when dealing with money matters.
Zweig disputes commonly held beliefs about what motivates investor behaviour and offers recommendations that, if followed, will prevent you from wrecking your finances through making emotional decisions.
Jason Zweig is the personal finance columnist for The Wall Street Journal.
Go to page two for what is probably the third most important personal finance book I've read...