In this book, Dan Geller, a behavioural economist, explains how money anxiety can impact how we both spend and save money. If your money anxiety is high, you’ll have a tendency to save more and spend less; and for those with low money anxiety, it’s vice versa. Geller goes on to group consumer financial behaviours into six distinct behavioural patterns to break down the psychology behind how we decide to save and spend.
5. Think and Grow Rich by Napoleon Hill
Although this book was published in 1937 following the Great Depression, its lessons on achieving wealth remain timeless. Hill, a former advisor to President Franklin D Roosevelt has stressed the importance of how the philosophy of positive thinking and smart planning for wealth accumulation are all interlinked. According to the author, our thoughts become our reality, and to this effect, he offers tips on turning these thoughts into riches through visualization, affirmation and creating a Master Mind group.
6. The Millionaire Master Plan by Roger James Hamilton