Bobby Ning, managing director of the Financial Literacy Counsel, suggests reading “The Psychology of Money” by Morgan Housel to explore some of the pillars and principles of money management. He adds that there are a lot of financial influencers who provide tactics and strategies on social media.

Author Paul Podolsky discusses “The Uncomfortable Truth About Money,” which is his latest book, focused on “living with uncertainty and [thinking] for yourself.

The next book on Chan’s list is “The Psychology of Money,” which emphasizes that how you act is more important than what you know.

“Most people make their financial decisions based on emotion instead of logic,” Chan said. “But the key to getting rich is being logically consistent in your actions.”

Have you read Morgan Housel’s The Psychology of Money? I was that person who grew up in a house where there was no financial discipline. There was a lot of financial uncertainty; there was income coming in, but budgeting and saving wasn’t happening. When I got my first paycheck, I didn’t even really understand the concept of taxes. Where did all that money go?