Personal finance is the intersection between personal and economic well-being. Therefore, the main objective of any financial book is to better understand how money works in the world, what aspects are essential for their own lives, and how they can change their behaviors to achieve more success in life.
Some books focus on budgeting; others teach about taxes, credit scores, investing, real estate, retirement plans, insurance policies— the list goes on and on! All these different topics make it hard to know where to start or which book you should read. This article will help you select a few personal finance books that have been very helpful for other people. Whether you want to increase your wealth (paid surveys are a great opportunity), learn how to budget, retire early, save for a vacation, each of these books are bound to help!
The Richest Man in Babylon
This classic by George Samuel Clason has been around since 1926 but still shows its readers how money works in modern life. The book will advise you about saving, loans, and paying back your debts. It is a collection of parables that teaches lessons about finance, and it’s been praised by many other famous writers. The Richest Man in Babylon is thought by some to be one of the best books on personal finance ever written. The setting is ancient times, but the book also discusses modern concepts that are still around today.
Rich Dad Poor Dad
This book was written by Robert T. Kiyosaki and published in 2000. It is a New York Times bestseller. The basic premise of this book is that you need financial intelligence to be successful. The author talks about how money worlds and the difference between having it and keeping it. The author also has a very popular website where readers can take advantage of free finance education and online training.
I Will Teach You To Be Rich
This book is the newest bestseller from Ramit Sethi. The author talks about money mindset and financial literacy and how to make a budget, save money, and track your expenses. It’s a somewhat different approach than some of the other books on this list but has excellent ideas on becoming financially successful.
The Total Money Makeover: A Proven Plan for Financial Fitness
Although it has a Christian slant, this book by Dave Ramsey provides the basics of sound financial principles in a simple format. It’s helpful even if you aren’t particularly interested in making it a faith-based study. Filled with information on how to get out of debt, start saving, and manage the rest of your finances responsibly, Ramsey’s guide is an excellent reference that deserves a place on the shelves of any family trying to budget responsibly.
The Big Short
The Big Short is Michael Lewis’ story of a handful of misfits who forecast the credit and housing bubble collapse and decide to bet on it by placing large financial bets against the banks. Their story is told with great wit, insight, and detail, as they discover that the banks are not only making bad loans but also betting against themselves.
The Ascent of Money
The Ascent of Money is a highly acclaimed book by author and historian Niall Ferguson, which looks at how money has shaped society over the past 500 years. Starting with ancient Rome, the book moves forward in time through to today, using historical characters and events to demonstrate important economic ideas.
This Time Is Different
This book is an interesting read by Carmen M. Reinhart, which uses data from 800 years of financial crises to identify what makes downturns similar and how they are different. It’s not “fun” reading, but it’s definitely necessary for those who want to understand better what is happening in the financial world and why.
The Millionaire Next Door
This book was written by two authors—Thomas J. Stanley and William D. Danko. The book’s main point is that people who seem to be wealthy are more often than not what they call “under accumulators of wealth” or UAWs. These folks drive used cars, live in middle-class neighborhoods, and behave like everyone else on the outside. Although they have a high net worth and are millionaires, they live a rich life on a carefully planned budget.
The Compound Effect
Author Darren Hardy knows that working towards goals can be difficult because most people are impatient and want results fast, which often leads them to fail. However, this book teaches you that anything is possible if you commit to long-term thinking and never give up on your dreams. It’s a great read, especially for those who think they don’t have the discipline needed to stay motivated enough on their own to build good financial habits.
Think and Grow Rich
Written by Napoleon Hill in 1965, This book is a classic that has helped thousands of people worldwide bring success in their lives; it shows you how to think independently so that you can become rich. The author studied hundreds of successful people to see what they had in common, which is why this book is one of the best personal finance books for those who are looking to change their lives.
Financial Intelligence
Financial Intelligence by Karen Berman & Joe Dominguez is one of the top-selling books on money and personal finance. It will teach readers how to use their money more effectively to make a more significant positive impact in the world. This book covers everything from investing, mortgages, credit reports, buying cars, etc. While it is written for high-net-worth individuals, it can help improve the lives of anyone. The book has been read by over 500,000 people and translated into 11 different languages. However, this book isn’t just about money; it’s also about how to use your finances to lead a more fulfilling life.
Financial Self-Defense
In this book by Charles Givens, the author argues that every American deserves to be financially literate and financially secure. He warns that too many Americans tend to spend all of their hard-earned money and end up with nothing saved for the future. He explains how you can beat Wall Street at its own game and make money in both bull and bear markets. He also gives simple advice on getting out of debt, avoiding poverty, and achieving financial success.
How To Make Money in Stocks
This book was written by the founder of Investor business daily, William J. O’Neil, and it has sold over a million copies since its release in 1998. It focuses on using fundamental analysis to find great companies at fair prices so you can make money through investing instead of speculating. Through this book, you will learn to identify solid and growing companies and buy their stock when the price is right. This book is great for investors that want to learn more about fundamental analysis. If you’re going to become a better investor, this best-selling personal finance book is definitely for you!
