10 Best Personal Finance Books – Must Read
Personal finance is all about managing our own/family finances. An individual with sound personal finance knowledge can manage their financials like investments, insurance, savings, expenses etc., and establish stable growth.
Good personal finance management helps anyone to meet their short and long-term investment goals. If you have no idea about personal finance or would like to learn more, don’t worry. This article lists the 10 best personal finance books that can help you achieve your financial goals.
1. The Total Money Makeover (Author: Dave Ramsey)
The Total Money Makeover is a self-help book with many real-life examples of people who followed Dave’s baby steps and experienced results. The book is one of the best finance books that contain a lot of motivating aid, suggestions and guidance.
One of the most significant barriers to taking complete control of one’s money is a lack of desire and support to make the required lifestyle adjustments. This is one of the top personal finance books that can provide a fresh outlook on your goals and the rewards you can acquire by achieving those goals.
2. You’re So Money: Live Rich, Even When You’re Not (Author: Farnoosh Torabi)
This is one of Farnoosh Torabi’s most important works. She simplifies the complexities of finance and makes budgeting look easy. The author focuses on prioritizing one’s spending based on what one desires the most.
This humorous book encourages its readers to live life to the fullest. This book is the ideal combination of new ideas and a daring approach to educating a severely neglected generation about personal finance. Farnoosh’s writing style is engaging, direct, and powerful. She also advises readers not to be thrifty. You’ll chuckle as you read and discover how much fun it can be to live and die rich.
3. I Will Teach You to Be Rich (Author: Ramit Sethi)
This is one of the best personal finance books and a must-read book for people aged between 20 to 35. It focuses on wealth-creation strategies for personal entrepreneurship.
The book mainly focuses on the 4 foundations of personal finance – banking, saving, investing & budgeting. It is a step-by-step, practical guide to financial success. If you are a millennial, you should pick this book.
4. Rich Dad Poor Dad (Author: Robert Kiyosaki)
This book covers almost everything about personal finance. It is the story of two fathers; one is well-educated with a pile of certifications, and the other is a school dropout. The well-educated father left his son with nothing except debt when he died.
On the other hand, the school dropout left by handing over a business empire to his son. This book provides invaluable lessons about money by throwing light on how one can think like his school dropout rich dad and earn riches along the way.
5. The Millionaire Next Door (Author: Thomas Stanley and William Danko)
This book throws light on the investing style of intelligent investors. It talks about how millionaires are thoughtful about generating wealth and live frugally in their daily lives. The author analyses the habits of many American millionaires who grew their money without even making it to the headlines.
According to the author, most wealthy individuals avoid displaying their riches and prefer to live far below their means. This enables them to accumulate money over time.
6. Your Money or Your Life (Author: Vicki Robin)
This isn’t simply a personal finance book. It is a book on life and how to organize it to reflect your ideals. It targets materialism, which ruins not only our money but also the planet’s finite resources.
Overall, the book conveys the concept that inexpensiveness is superior and that living a frugal life will make you much happier. The nine-step approach inside this book can be your way to achieving financial freedom.
7. The Little Book of Common Sense Investing (Author: John C. Bogle)
This book is written by John C. Bogle, the creator of the Vanguard Group, the world’s largest ETF business. The author emphasizes index investing, stock selecting strategies, and the fundamentals of investing. This book offers practical advice on how to incorporate tested investing strategies into your portfolio.
8. The One-Page Financial Plan (Author: Carl Richards)
The One-Page Financial Plan can assist you in determining your financial values and objectives. Carl Richard’s easy methods show you how to prioritize your life goals and find out how to achieve them.
The author has written this book in very straightforward language without complicated financial jargon and is suitable for all kinds of audiences.
9. You Need a Budget (Author: Jesse Meacham)
The technique outlined in this book helps one to live a little more freely and alleviates the anxieties that come with a lack of funds. The author’s tried-and-tested technique of four basic rules seeks to turn money management from a crippling burden to a strong weapon that puts one in complete charge of one’s life.
The book explains how to get out of debt and break free from a life of living paycheck to paycheck.
10. The Motley Fool. You Have More Than You Think (Author: David Gardner and Tom Gardner)
This book serves as a guide for anybody attempting to strike a balance between lifestyle goals and financial realities. This book provides a lighthearted approach that persuades the reader that investing is not all that difficult.
The book begins by encouraging readers to save money and pay off their credit card debt. Then it rapidly discusses several fundamental investment concepts, such as the fact that mutual funds do not outperform the market average, etc.
Conclusion
We hope these books, which are some of the best personal finance books to read, can help you with your finances. These books act as a base for saving, investing and budgeting.
Happy Investing!