A Must Read Expert Picked Personal Finance Books You Just Can’t Keep Down
Are you just starting your journey into the financial world? Want to know more about ways to earn money and boost your motivation to help you get out of a financial rut?
You’ve come to the right place. Below are the 11 Best Personal Finance Books that will not only motivate you but also provide tips and tricks to ace in the financial world.
But before we do that, let’s talk about how these books will help you provide insight into the world of Finance?
There are multiple options for self-help books that have proven to be useful in terms of understanding, gaining motivation, and money management. You don’t have to go and buy all of them altogether. Choose an area of interest and start there. You will in no time build a solid foundation for financial understanding.
Regardless of your understanding of finance, you must keep growing in terms of knowledge. This will only help you get better at getting a deeper understanding of financial management. Not everyone knows everything, there is always room for more information and knowledge at all times.
Something like monetary information is ideal as it equips us with the abilities we require to manage our own or our family’s finances. Without it, we are made handicapped to understanding the steps needed to attain success in managing money.
The 11 Best Books On Personal Finance Everyone Should Read
The books mentioned below can help you get started on your financial journey. You can start reading in the mentioned order.
1. The Total Money Makeover
The first on the list of best personal finance books is The Total Money Maker written by Dave Ramsey, a New York Times bestseller. That talks about developing everyday money-saving habits.
Which gives you the encouragement you need to A plan to pay off all debt, a healthy relationship with money, knowing about money myths, etc.
Dave Ramsey provides a simple, straightforward game plan for completely changing your money habits! He acts as a personal coach in the book. It consists of real-life stories and thought-provoking questionnaires.
Dave Ramsey is one of the best personal finance experts of all time.
You Can Get The Book Here: The Total Money Makeover
2. The Millionaire Next Door
The Millionaire Next Door is the bestselling book that identifies seven common traits that are common amongst those who have accumulated wealth. Most of the truly wealthy don’t live in posh areas they live next door.
Dr. Thomas J. Stanley and William D. Danko, authors of the book, have researched and compiled data that help us in understanding the profiles of American millionaires.
Their research is about the comparison between behaviors of “UAWs” (Under Accumulators of Wealth) and “PAWs” (Prodigious Accumulators of Wealth). The outcome of this research was that the millionaires are disproportionate in middle-class and blue-collar neighborhoods instead of white-collar communities.
You Can Get The Book Here: The Millionaire Next Door
3. Your Money or Your Life
Your Money Your Life is a book that helps you differentiate between “making a living” and living. It also guides you to understand the relationship with money and how, where, and when to spend it.
It is an inspiring book that’ll push you to convert your problems into opportunities to learn new skills, attain a wholeness of livelihood and lifestyle, and also save the planet while saving money.
This book has 50 years of combined experience with Joe Dominguez and Vicki Robin. Your Money or Your Life is filled with real-life examples, stories, and experiences of people who have followed their nine-step program in their journey to financial independence.
You Can Get The Book Here: Your Money or Your Life
4. Broke Millennial
“Stop living paycheck to paycheck and get your financial life together (#GYFLT)!”
If you want to stop scraping by and take control of your money and your life then this is the book for you.
Broke Millennial is a step-by-step guide to go from flat-broke to financial badass. This book is not just another self-help book, financial expert Erin Lowry has put together certain ways to tackle tricky money matters in real-life situations.
You Can Get The Book Here: Broke Millennial
5. The Automatic Millionaire
For years people have asked David Bach, the national bestselling author, what’s the real secret to getting rich? What’s the one thing I need to do? David Bach is finally sharing that secret. In The Automatic Millionaire.
The Automatic Millionaire takes you through the life of an average American person. Their story provides a surprising fact that you cannot get rich with a budget!
He entails a completely realistic process, based on timeless principles, with all details like phone numbers and websites. So you can achieve these goals from the comfort of your own home.
You Can Get The Book Here: The Automatic Millionaire
6. I Will Teach You To Be Rich
I Will Teach You To Be Rich written by Ramit Sethi has a 6-week personal finance program for 20-to-35-year-olds.
This book covers how to save time by not wasting it managing money but by providing the tools to reach your goal hassle-free. “His writing is smart, his voice is full of attitude, and his ideas are uncommonly sound and refreshingly hype-free.”
You Can Get The Book Here: I Will Teach You To Be Rich
7. The Simple Path to Wealth
“This book grew out of a series of letters to my daughter concerning various things—mostly about money and investing—she was not yet quite ready to hear.” JL Collins
The Simple Path to Wealth talks about topics like:
- How to think about money, and the unique way of understanding this is key to building your wealth.
- When traditional investing advice goes wrong and what works.
- What the stock market is and how it works.
- Specific investments to implement these strategies.
- How your asset allocation is tied to those stages and how to select it.
You Can Get The Book Here: The Simple Path to Wealth
8. Get A Financial Life
Taking charge of your life after turning 18 is not an easy task. You suddenly have to face the world and understand things like budgeting and taking control of your finances.
Beth Kobliner’s, Get a Financial life guides you through the often confusing and overwhelming necessity of being an adult.
You Can Get The Book Here: Get A Financial Life
9. The Richest Man in Babylon
The Richest Man in Babylon is a book authored by George S. Clason that provides financial advice through a collection of experiences in ancient Babylon around 4000 years ago.
The book is said to be a classic in the financial world and continues to be a major motivational aspect of creating, growing, and preserving wealth.
You Can Get The Book Here: The Richest Man in Babylon
10. Rich Dad Poor Dad
Rich Dad Poor Dad explores the stereotype that you need to earn a high income to be rich and explains the difference between “working for money and having your money work for you.”
Rich Dad Poor Dad is at its core a story about Robert’s life where he grew up with two dads — his real father and the father of his best friend – who was his rich dad and how they both played a role in shaping his opinions about money and investing.
Robert Kiyosaki is considered one of the best personal finance experts in the world. And this book is one of the best personal finance books for beginners.
You Can Get The Book Here: Rich Dad Poor Dad
11. The Psychology of Money
The Psychology of Money by Morgan Housel is known as one of the best books on personal finance. It is not only well written but also provides noteworthy content.
This book has 19 stories dissecting how people think about money and how our thinking towards finances is crucial to making important decisions in our life.
Some key points in this book are; both luck and risk are hard to measure, reduce your ego, wait for the best opportunities that can only happen if you save, be reasonable rather than rational, investing is not hard science, learn to plan accordingly, deal with market volatility, and many more.
You Can Get The Book Here: The Psychology of Money
We all need help with our finances to manage our relationship with money. But what is the best possible way to do that? That is one of many questions that this list of books answers.
To remove all myths and stereotypes connected with the financial world, you must start at a basic level to understand how best the information in these books can be of benefit to you.
PS: I have written this article to help you learn, acquire knowledge and grow more in your life.