Personal finance is one of the most important topics out there. After all, who doesn’t want to be wealthier and happier? Yet they don’t teach it in schools! Don’t worry, we’ve rounded up the best personal finance books for you so you can become an expert in no time.
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Dave Ramsey wrote one of the best books for getting out of debt. With his 7 baby steps, Ramsey has helped thousands pay off debt and secure a better financial future. Those who become debt free get to go on Ramsey’s podcast to let out a debt-free scream.
John Bogle, the father of low-cost ETFs and the CEO of the Vanguard Group, writes about diversification and how investing in the SP500 over the long period is better than individual stock picking. Grow your income and save more instead of spending time trying to pick out the best stocks!
Vicki Robin, the woman who pioneered the FIRE movement before Mr. Money Mustache, wrote Your Money Or Your Life decades ago.
One of the core concepts is calculating the cost of an item in the hours it would take you to buy it.
The book’s title plays off the girls next door phrase. Most people think of millionaires as flashy people with luxury goods. If you save that money, you’re more likely to have money in the bank versus spending it on an asset that depreciates.
It doesn’t take a huge income to become a millionaire, but raises, promotions, and higher salaries help a ton! Think and Grow Rich shows you how to change your money mindset in order to earn more.
Kiyosaki wrote this book decades ago, but it’s still relevant if you want to understand passive income. From real estate to building a business, Kiyosaki believes creating passive income is one of the best ways to build wealth. Kiyosaki contrasts his dad with a friend’s dad, who was one of the wealthiest members of his community, and how they had different money mindsets.
Think of this book as a modern version of Think and Grow Rich, complete with humorous anecdotes and sass. The book is hilarious and feels as if you have your own personal money cheerleader in the back of your head. Though the book doesn’t go through technical money concepts, it inspires you to money greatness.
The book reads like a parable, with the narrator teaching 7 cures to being poor. Written nearly a century ago and set in time millennia ago, The Richest Man In Babylon is still a great personal finance book for those who prefer to learn from stories.
A funny and witty book that breaks down the technical financial products and goalposts you should hit, Broke Millennial is the explanation of the personal finance book you need if you’re a millennial. Think of it as You Are A Badass At Making Money if it told you how to handle your money.
Sethi teaches a 6-week program to get you on track with money. For those who want step by step instructions on what to do, this book will be a great resource.
For those of you who want to understand why the mind works a certain way, check out this book. Kahneman shows you how to recognize when your mind is acting irrational and how to think logically.
Though the other books on this personal finance list teach you to passively invest in the SP500, this one tells the tale of Peter Lynch, one of the best active managers. If you want to take a more active approach, take a look at this book.
Habits are the foundation of everything, and if you don’t have good money habits, it’ll be hard for you to continue growing your money. Atomic Habits helps you create good habits while breaking bad habits.
Check out our summary and review of Atomic Habits.
A blue collar worker, Roy, teaches different money concepts to people in their 20s who come to his barbershop. At the core, his financial advice comes to maxing out your retirement accounts and saving 10 percent of your income.
This book teaches a popular financial theory called the random walk hypothesis. The book comes to the same conclusion as The Common Sense Book Of Investing — that buying a diversified portfolio such as the SP500 has a better outcome on average than picking your own stocks.
What are your favorite personal finance books? Have you read any of the above?
Olivia worked in finance and wants you to learn the secrets of financial independence. She believes there are so many ways to monetize your life and make money doing the things you're already doing because so many companies offer free money.
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