Sound personal finance knowledge is key to both financial stability, growth, and success. However, several finance books in the market today are produced from Western points of view.

While they present useful insights about personal finance, they fall short in addressing the unique economic realities and financial challenges that many Africans face.

Nevertheless, several native African authors have authored incredible books that provide practical, real-world financial advice suitable to the African experience.

These books examine in detail topics such as budgeting, investing, debt management, entrepreneurship, and wealth creation, taking into account Africa’s diverse economic environments.

This article recommends five personal finance books that will not only help you take charge of your financial future but also build stable, long-lasting wealth.

1. The Smart Money Woman

Written by Arese Ugwu, a Nigerian, The Smart Money Woman is not your average finance roadmap. Instead, it’s a novel that fuses strong financial knowledge between its lines.

It’s a story of Zuri, a young lady living in Lagos, Nigeria. After graduating from the university, Zuri lands a well-paying job. However, she struggles with her finances despite earning a lucrative salary. Her journey is a life lesson about proper good financial habits.

Some of the key takeaways from the book include:

• The benefits of creating wealth
• Why you must track expenses and set achievable  financial goals
• The basics of investing is shares, bonds, and real-estate in the African context

2. Clever Girl Finance

Authored by Bola Sokunbi, a Nigerian, Clever Girl Finance, details a step-by-step guide to achieving financial freedom. The book mainly focuses on financial discipline, long-term planning, and wealth-creation strategies.

Additionally, the book is realistic and easy to understand. Besides, it tells real-life stories of African Women who built wealth through practicing good financial habits

Available on Amazon, the book covers critical finance lessons:

• How to start investing with little money and grow your wealth over time
• Practical methods to pay off debt faster and avoid bad loans
• Creating a financial strategy that works without sacrificing fun

Clever Girl Finance is an ideal finance book if you’re eager to take charge of your finances and achieve financial autonomy.

3. Manage Your Money Like a Grownup

Sam Beckbessinger, a South African, brings out an enjoyable and relaxed approach to difficult financial topics in her book Manage Your Money Like a Grownup.

Authored in an appealing and comic tone, the book makes budgeting, debt management, and investing easy to understand for young professionals and first-time earners. Additionally, the book examines African-specific financial challenges in detail. 

Key takeaways from the book include:

• How to create a budget without feeling restricted
• Why investing early is key to wealth building
• How to improve and maintain a good credit score in Africa
• How to identify and avoid financial scams

4. How To Get A SARS Refund

Taxes can be difficult to understand. This book by Daniel Baines, a South African, simplifies the South African tax system and assists readers to lawfully reduce their tax burden.

The book explains complex tax laws in simple language, thus, it’s valuable for both individuals and business owners.

Some key lessons from the book include:

• How entrepreneurs can save money on taxes
• Ways to legally claim deductions and reduce taxable income
• Common mistakes that lead to penalties and how to prevent them

5. Success and Failure Based on Reason and Reality

Written by Hamis Kiggundu, a Ugandan, the book presents treasured financial wisdom from the perspective of a self-made African entrepreneur. Included are vital lessons on wealth creation, business growth, and financial breakthrough based on Hamis Kiggundu’s personal journey.

Besides being written by a successful African entrepreneur, the book focuses on real-life business challenges in Africa and also provides inspirational and pragmatic financial advice.

Available on Wikipedia, the book has crucial lessons on personal finance:

• How to think and act like a successful entrepreneur
• How to build and sustain a profitable business
• The dangers of shortcuts in financial success
• How to stay persistent in unfavourable economic conditions

Conclusion

The mentioned books contain hands-on financial insights that are a perfect fit for the African audience. Within their pages are realistic strategies for budgeting, debt management, investing and starting a business venture. Be sure to grab a copy and set your financial success in motion!

Personal Finance Books You should read & experts to follow – PART 1